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REGISTERED NUMBER: 10547658 (England and Wales)







GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

JACKHO LIMITED

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Consolidated Statement of Income and Retained
Earnings

10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Cash Flow Statement 13

Notes to the Consolidated Cash Flow Statement 14

Notes to the Consolidated Financial Statements 16


JACKHO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mr J A Harris
Mr A M Kelly





REGISTERED OFFICE: Synergy Packaging
Shelton Road
Corby
Northamptonshire
NN17 5XH





REGISTERED NUMBER: 10547658 (England and Wales)





AUDITORS: Bewers Turner & Co LLP
Chartered Accountants & Statutory Auditor
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


The directors present their strategic report of the company and the group for the year ended 30th September 2024.

REVIEW OF BUSINESS AND FUTURE DEVELOPMENTS
Business Review

The trading element of the Jackho Group comprises Synergy Packaging Solutions and Atom Packaging. As a diversified group specialising in protective packaging, temperature-controlled packaging, and technical foams, offering design and manufacturing for every application. Serving a wide customer base on both B2B and B2C platforms through direct engagement with end users and an established network of distributors offering fast and effective delivery.

- Synergy Packaging Solutions: A solutions provider for design and manufacturing of all protective packaging goods. Also including Chilled Packaging: Specialist providers of temperature-controlled packaging products and solutions for industrial and food sectors.

- Atom Packaging: Producer of printed retail and POS paper and plastic carrier bags alongside general packaging goods.

Future Developments

As part of our strategic growth plan, we are undergoing a business restructure within departments designed to improve our route-to-market efficiency, streamline operations, and better align resources with high-growth opportunities. This will include the integration of new systems, future technologies, with an enhanced view to research and development, resource across sales, marketing, and operations to support scalability and speed to market also offering a design Studio arm to the business to offer branding design.

We are placing focus on enhancing our digital presence and brand visibility, with a revitalised approach to marketing, content creation, and social media engagement. This digital transformation is aimed at positioning Jackho Group as the go-to provider for innovative packaging and foam solutions across all industries.

PRINCIPAL RISKS AND UNCERTAINTIES
The principal risks and uncertainties facing the company are:

MATERIAL AND REGULATORY
All industries and sectors faced uncertainties in supply chain combined with increasing raw materials and energy costs. This has been further exacerbated by both the introduction of the plastic packaging Tax (PPT) and Covid pandemic variations. The PPT affected customer confidence because of the potential for additional cost, administration and implementation. Diversification of suppliers, improved forecasting and increased stockholding ensured output while many competitors suffered shortages. The PPT was implemented by the business with an insignificant or no effect for customers. This was achieved by working with suppliers and moving to 30% recycled content materials.

CREDIT AND CASH FLOW RISK
The company has a large client base and operates in a number of industry sectors that all help to reduce its credit risk. Appropriate policies such as stage payments and credit profiling, help reduce the risk further.


JACKHO LIMITED (REGISTERED NUMBER: 10547658)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FINANCIAL KEY PERFORMANCE INDICATORS
The directors have monitored the progress and profit of the company, by reference to certain key performance indicators:

-Turnover of £8m (2023: £8m)
-Profit before taxation of £522k (2023: £506k)

ON BEHALF OF THE BOARD:





Mr J A Harris - Director


25th June 2025

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


The directors present their report with the financial statements of the company and the group for the year ended 30th September 2024.

DIVIDENDS
The total distribution of dividends for the year ended 30th September 2024 will be £233,368.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st October 2023 to the date of this report.

Mr J A Harris
Mr A M Kelly

DISCLOSURE IN THE STRATEGIC REPORT
The report of the directors should be read in conjunction with the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


AUDITORS
The auditors, Bewers Turner & Co LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:




Mr J A Harris - Director


25th June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JACKHO LIMITED


Opinion
We have audited the financial statements of Jackho Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30th September 2024 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30th September 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JACKHO LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JACKHO LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.
- We obtained an understanding of the legal and regulatory frameworks that are applicable to the Group and Parent Company and determined that the most significant are those that relate to the reporting framework (Financial Reporting Standard 102 and the Companies Act 2006) and the relevant direct and indirect tax compliance regulation in the United Kingdom. In addition, the Group and Parent Company has to comply with laws and regulations relating to its operations and health and safety.
- We understood how the Group and Parent Company is complying with those frameworks by making enquiries of management to understand how the Group and Parent Company maintains and communicates its policies and procedures in these areas, and corroborated this by reviewing supporting documentation.
- We assessed the susceptibility of the Group and Parent Company's financial statements to material misstatement, including how fraud might occur by considering the risk of management override and determining revenue to be a fraud risk. We tested transactions identified back to independent evidence or source documentation. We obtained third party confirmations directly from the Group and Parent Company's banking partners to verify the cash held at the balance sheet date and the completeness of any commitments or contingencies.
- Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved review of documentation, testing of specific journals identified based upon risk criteria and enquiries of management for correspondence with the relevant authorities.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
JACKHO LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Lorraine Sturdy ACA FCCA (Senior Statutory Auditor)
for and on behalf of Bewers Turner & Co LLP
Chartered Accountants & Statutory Auditor
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

25th June 2025

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

CONSOLIDATED
STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 3 8,002,095 7,797,221

Cost of sales 5,470,930 5,442,653
GROSS PROFIT 2,531,165 2,354,568

Administrative expenses 1,990,410 1,830,906
540,755 523,662

Other operating income 452 546
OPERATING PROFIT 5 541,207 524,208

Interest receivable and similar income 4,782 492
545,989 524,700

Interest payable and similar expenses 6 24,057 18,870
PROFIT BEFORE TAXATION 521,932 505,830

Tax on profit 7 175,402 146,034
PROFIT FOR THE FINANCIAL YEAR 346,530 359,796

Retained earnings at beginning of year 3,077,944 2,951,519

Dividends 9 (233,368 ) (233,371 )

RETAINED EARNINGS FOR THE
GROUP AT END OF YEAR

3,191,106

3,077,944

Profit attributable to:
Owners of the parent 346,530 359,796

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

CONSOLIDATED BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 2,423,795 2,560,876
Tangible assets 11 1,772,646 1,767,302
4,196,441 4,328,178

CURRENT ASSETS
Stocks 12 446,206 526,206
Debtors 13 1,707,377 1,643,438
Cash at bank and in hand 714,992 683,919
2,868,575 2,853,563
CREDITORS
Amounts falling due within one year 15 1,334,658 1,505,056
NET CURRENT ASSETS 1,533,917 1,348,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,730,358

5,676,685

CREDITORS
Amounts falling due after more than one
year

16

(353,557

)

(408,699

)

PROVISIONS FOR LIABILITIES 20 (142,695 ) (147,042 )
NET ASSETS 5,234,106 5,120,944

CAPITAL AND RESERVES
Called up share capital 21 2,043,000 2,043,000
Retained earnings 22 3,191,106 3,077,944
SHAREHOLDERS' FUNDS 5,234,106 5,120,944

The financial statements were approved by the Board of Directors and authorised for issue on 25th June 2025 and were signed on its behalf by:





Mr J A Harris - Director


JACKHO LIMITED (REGISTERED NUMBER: 10547658)

COMPANY BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 2,326,349 2,459,283
Tangible assets 11 60,031 78,612
2,386,380 2,537,895

CURRENT ASSETS
Debtors 13 444,234 444,157
Investments 14 473,408 473,408
Cash at bank 286,616 145,071
1,204,258 1,062,636
CREDITORS
Amounts falling due within one year 15 602,255 602,258
NET CURRENT ASSETS 602,003 460,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,988,383

2,998,273

PROVISIONS FOR LIABILITIES 20 15,008 19,653
NET ASSETS 2,973,375 2,978,620

CAPITAL AND RESERVES
Called up share capital 21 2,043,000 2,043,000
Retained earnings 22 930,375 935,620
SHAREHOLDERS' FUNDS 2,973,375 2,978,620

Company's profit for the financial year 228,123 528,083

The financial statements were approved by the Board of Directors and authorised for issue on 25th June 2025 and were signed on its behalf by:





Mr J A Harris - Director


JACKHO LIMITED (REGISTERED NUMBER: 10547658)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 601,699 958,228
Interest paid (23,624 ) (18,870 )
Interest element of hire purchase
payments paid

(433

)

-
Tax paid (123,616 ) (173,258 )
Net cash from operating activities 454,026 766,100

Cash flows from investing activities
Purchase of tangible fixed assets (142,051 ) (187,437 )
Purchase of business property - (328,956 )
Sale of tangible fixed assets 75,310 33,501
Interest received 4,782 492
Net cash from investing activities (61,959 ) (482,400 )

Cash flows from financing activities
Receipts and repayments from borrowings (126,630 ) (93,131 )
Capital repayments of HP in year (996 ) -
Equity dividends paid (233,368 ) (233,371 )
Net cash from financing activities (360,994 ) (326,502 )

Increase/(decrease) in cash and cash equivalents 31,073 (42,802 )
Cash and cash equivalents at
beginning of year

2

683,919

726,721

Cash and cash equivalents at end of
year

2

714,992

683,919

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 521,932 505,830
Depreciation charges 264,447 256,182
Profit on disposal of fixed assets (31,168 ) (16,010 )
Finance costs 24,057 18,870
Finance income (4,782 ) (492 )
774,486 764,380
Decrease/(increase) in stocks 80,000 (66,192 )
Increase in trade and other debtors (63,939 ) (60,733 )
(Decrease)/increase in trade and other creditors (188,848 ) 320,773
Cash generated from operations 601,699 958,228

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30th September 2024
30/9/24 1/10/23
£    £   
Cash and cash equivalents 714,992 683,919
Year ended 30th September 2023
30/9/23 1/10/22
£    £   
Cash and cash equivalents 683,919 726,721


JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


3. ANALYSIS OF CHANGES IN NET FUNDS

Non cash
At 1/10/23 Cash flow changes At 30/9/24
£    £    £    £   
Net cash
Cash at bank
and in hand 683,919 31,073 - 714,992
683,919 31,073 - 714,992
Debt
Finance leases - 996 (34,800 ) (33,804 )
Debts falling due
within 1 year (60,774 ) 43,737 - (17,037 )
Debts falling due
after 1 year (408,699 ) 82,892 - (325,807 )
(469,473 ) 127,625 (34,800 ) (376,648 )
Total 214,446 158,698 (34,800 ) 338,344

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Jackho 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation
The consolidated financial statements incorporate the financial statements of the company and all group undertakings. Acquisitions are accounted for using the purchase method, after first making adjustments to the fair value of assets and liabilities acquired. Any difference between the fair value of consideration paid and the fair value of net assets acquired is capitalised as goodwill on consolidation.

Significant judgements and estimates
In the process of applying the group's accounting policies, management has made no significant judgements which have a significant effect on the amounts recognised in the financial statements or made any significant estimates that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
The goodwill arises on the consolidation of the group and is being amortised over an estimated useful economic life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 25% on cost
Plant and machinery - 25% on reducing balance and 10% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost 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 net realisable value, after making due allowance for obsolete and slow moving items.

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term,whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.The capital element of the future payments is treated as a liability.

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

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 7,796,608 7,597,135
Europe 205,487 200,086
8,002,095 7,797,221

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,781,730 1,689,515
Social security costs 150,506 150,713
Other pension costs 26,735 26,535
1,958,971 1,866,763

The average number of employees during the year was as follows:
2024 2023

Directors 2 3
Administration 17 16
Production 29 29
Sales 5 8
53 56

2024 2023
£    £   
Directors' remuneration 21,550 19,759

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 218,011 224,325
Depreciation - owned assets 127,365 121,831
Profit on disposal of fixed assets (31,168 ) (16,010 )
Goodwill amortisation 137,081 135,008
Auditors' remuneration 6,000 6,000
Foreign exchange differences 4,512 929

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 16,071 18,870
Other interest payable 7,553 -
Hire purchase 433 -
24,057 18,870

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 179,747 118,347
(Over)/under provision in
prior year 2 1
Total current tax 179,749 118,348

Deferred tax (4,347 ) 27,686
Tax on profit 175,402 146,034

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 521,932 505,830
Profit multiplied by the standard rate of corporation tax in the UK of
25 % (2023 - 22.010 %)

130,483

111,333

Effects of:
Permanent differences 44,919 34,701
Total tax charge 175,402 146,034

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
2024 2023
£    £   
Interim 233,368 233,371

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


10. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 3,427,022
AMORTISATION
At 1st October 2023 866,146
Amortisation for year 137,081
At 30th September 2024 1,003,227
NET BOOK VALUE
At 30th September 2024 2,423,795
At 30th September 2023 2,560,876

Company
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 3,323,355
AMORTISATION
At 1st October 2023 864,072
Amortisation for year 132,934
At 30th September 2024 997,006
NET BOOK VALUE
At 30th September 2024 2,326,349
At 30th September 2023 2,459,283

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


11. TANGIBLE FIXED ASSETS

Group
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st October 2023 1,168,491 41,787 541,432
Additions - 5,984 17,550
Disposals - - (35,046 )
At 30th September 2024 1,168,491 47,771 523,936
DEPRECIATION
At 1st October 2023 45,571 22,511 134,827
Charge for year 14,022 10,820 41,354
Eliminated on disposal - - (16,517 )
At 30th September 2024 59,593 33,331 159,664
NET BOOK VALUE
At 30th September 2024 1,108,898 14,440 364,272
At 30th September 2023 1,122,920 19,276 406,605

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st October 2023 107,949 249,569 53,938 2,163,166
Additions 61,873 87,250 4,194 176,851
Disposals (5,348 ) (50,890 ) - (91,284 )
At 30th September 2024 164,474 285,929 58,132 2,248,733
DEPRECIATION
At 1st October 2023 50,469 113,123 29,363 395,864
Charge for year 11,572 42,701 6,896 127,365
Eliminated on disposal (1,639 ) (28,986 ) - (47,142 )
At 30th September 2024 60,402 126,838 36,259 476,087
NET BOOK VALUE
At 30th September 2024 104,072 159,091 21,873 1,772,646
At 30th September 2023 57,480 136,446 24,575 1,767,302

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


11. TANGIBLE FIXED ASSETS - continued

Company
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st October 2023 106,108 2,048 108,156
Disposals (16,239 ) - (16,239 )
At 30th September 2024 89,869 2,048 91,917
DEPRECIATION
At 1st October 2023 28,756 788 29,544
Charge for year 7,027 191 7,218
Eliminated on disposal (4,876 ) - (4,876 )
At 30th September 2024 30,907 979 31,886
NET BOOK VALUE
At 30th September 2024 58,962 1,069 60,031
At 30th September 2023 77,352 1,260 78,612

12. STOCKS

Group
2024 2023
£    £   
Stocks 446,206 526,206

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 1,443,293 1,389,821 77 -
Amounts owed by group undertakings - - 373,955 373,955
Other debtors 500 - - -
PAYE and NIC 202 202 202 202
Other debtors 70,000 70,000 70,000 70,000
Prepayments 193,382 183,415 - -
1,707,377 1,643,438 444,234 444,157

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


14. CURRENT ASSET INVESTMENTS

Company
2024 2023
£    £   
Shares in group undertakings 473,408 473,408

At the balance sheet date, the company owns 100% of the total share capital of the companies listed
below.

Synergy Packaging Solutions Limited - Manufacture of plastic packaging
Registered office: Synergy Packaging, Shelton Road, Corby, Northamptonshire, NN17 5XH

Jackho Propco Limited - Property management
Registered office: Synergy Packaging, Shelton Road, Corby, Northamptonshire, NN17 5XH

Atom Packaging - Manufacture of plastic packaging
Registered office: Unit 22 Mackley Industrial Estate, Henfield Road, Small Dole, Henfield, West Sussex, BN5 9XR

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 17) 17,037 60,774 - -
Hire purchase contracts (see note 18) 6,054 - - -
Trade creditors 583,267 815,450 - -
Trade debtors - credit balance 54,889 48,090 - -
Amounts owed to group undertakings - - 540,591 540,591
Corporation tax 185,083 128,950 19,166 17,768
PAYE and NIC 40,535 63,662 - -
VAT 182,684 156,804 5,413 5,400
Other creditors 2,172 8,827 285 200
Wages creditor 111,127 95,711 - 1,592
Pension creditor 5,182 4,580 - -
Directors' current accounts 66,800 36,707 36,800 36,707
Accrued expenses 79,828 85,501 - -
1,334,658 1,505,056 602,255 602,258

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2024 2023
£    £   
Bank loans (see note 17) 325,807 408,699
Hire purchase contracts (see note 18) 27,750 -
353,557 408,699

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


17. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 17,037 60,774
Amounts falling due between one and two years:
Bank loans - 1-2 years 17,588 84,146
Amounts falling due between two and five years:
Bank loans - 2-5 years 56,254 54,098
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more than 5 years
by instalment 251,965 270,455
251,965 270,455

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,054 -
Between one and five years 27,750 -
33,804 -

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 21,297 23,250
Between one and five years - 31,868
21,297 55,118

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


19. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Bank loans 342,844 357,806

Lloyds Bank PLC has a charge registered against the assets of the company in relation to an Omnibus Guarantee and Set-Off Agreement between the group companies.

20. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax 142,695 147,042 15,008 19,653

Group
Deferred
tax
£   
Balance at 1st October 2023 147,042
Credit to Income Statement during year (4,347 )
Balance at 30th September 2024 142,695

Company
Deferred
tax
£   
Balance at 1st October 2023 19,653
Current year movement (4,645 )
Balance at 30th September 2024 15,008

21. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
2,043,000 Ordinary £1 2,043,000 2,043,000

The ordinary shares have full voting and dividend rights, and full entitlement to assets on winding up.

JACKHO LIMITED (REGISTERED NUMBER: 10547658)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


22. RESERVES

Group
Retained
earnings
£   

At 1st October 2023 3,077,944
Profit for the year 346,530
Dividends (233,368 )
At 30th September 2024 3,191,106

Company
Retained
earnings
£   

At 1st October 2023 935,620
Profit for the year 228,123
Dividends (233,368 )
At 30th September 2024 930,375

Retained earnings
Retained earnings represent cumulative profits net of dividends paid.

23. PENSION COMMITMENTS

The group operates a defined contribution pension plan for its employees. The amount recognised as an expense in the year was £66,735 (2023: £26,614).

24. ULTIMATE PARENT COMPANY

Jackho Limited is the ultimate parent company and prepares the only consolidated financial statements for its group.

25. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed J Harris £66,787 (2023: £36,694) and A Kelly £13 (2023: £13). The amounts are repayable on demand and no interest is charged.

26. ULTIMATE CONTROLLING PARTY

The controlling party is J A Harris.