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REGISTERED NUMBER: 00505223 (England and Wales)















F.C. JACKSON (WOODHALL SPA) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






F.C. JACKSON (WOODHALL SPA) LIMITED (REGISTERED NUMBER: 00505223)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


F.C. JACKSON (WOODHALL SPA) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTOR: P P Jackson



SECRETARY: P P Jackson



REGISTERED OFFICE: 114 Horncastle Road
Roughton Moor
Woodhall Spa
LN10 6UX



REGISTERED NUMBER: 00505223 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT



SOLICITORS: Chattertons Solicitors
28 Wide Bargate
Boston
Lincolnshire
PE21 6RT

F.C. JACKSON (WOODHALL SPA) LIMITED (REGISTERED NUMBER: 00505223)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 148,939 108,461

CURRENT ASSETS
Stocks 290,631 288,171
Debtors 5 104,952 100,371
Cash at bank 388,011 313,406
783,594 701,948
CREDITORS
Amounts falling due within one year 6 75,214 70,956
NET CURRENT ASSETS 708,380 630,992
TOTAL ASSETS LESS CURRENT LIABILITIES 857,319 739,453

PROVISIONS FOR LIABILITIES 23,646 5,090
NET ASSETS 833,673 734,363

CAPITAL AND RESERVES
Called up share capital 7 8,760 8,760
Capital redemption reserve 4,740 4,740
Other reserves 6,265 6,265
Retained earnings 813,908 714,598
SHAREHOLDERS' FUNDS 833,673 734,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2025 and were signed by:




P P Jackson - Director


F.C. JACKSON (WOODHALL SPA) LIMITED (REGISTERED NUMBER: 00505223)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

F.C. Jackson (Woodhall Spa) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts charged to customers for goods and services provided during the year, excluding value added tax and trade discounts. Golf equipment sales are recognised upon delivery to the customer, or upon collection by the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost and 2% on cost
Plant and machinery etc - 33% on cost, 20% on reducing balance, 15% on cost and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less cost to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


F.C. JACKSON (WOODHALL SPA) LIMITED (REGISTERED NUMBER: 00505223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2024 81,804 147,899 229,703
Additions - 115,858 115,858
Disposals - (63,922 ) (63,922 )
At 28 February 2025 81,804 199,835 281,639
DEPRECIATION
At 1 March 2024 47,779 73,463 121,242
Charge for year 1,620 29,684 31,304
Eliminated on disposal - (19,846 ) (19,846 )
At 28 February 2025 49,399 83,301 132,700
NET BOOK VALUE
At 28 February 2025 32,405 116,534 148,939
At 29 February 2024 34,025 74,436 108,461

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 91,715 79,547
Other debtors 13,237 20,824
104,952 100,371

F.C. JACKSON (WOODHALL SPA) LIMITED (REGISTERED NUMBER: 00505223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 2,236 3,498
Taxation and social security 61,996 59,736
Other creditors 10,982 7,722
75,214 70,956

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
8,760 Ordinary £1 8,760 8,760

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
P P Jackson
Balance outstanding at start of year 921 768
Amounts advanced 446 1,153
Amounts repaid (1,000 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 367 921

The loan made to the director is unsecured, interest free and repayable on demand.