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-09-30
REGISTERED NUMBER: 00910291 (England and Wales)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

H S JACKSON & SON (FENCING) LIMITED

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)






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




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 6

Report of the Independent Auditors 8

Consolidated Income Statement 11

Consolidated Balance Sheet 12

Company Balance Sheet 13

Consolidated Statement of Changes in Equity 14

Company Statement of Changes in Equity 15

Consolidated Cash Flow Statement 16

Notes to the Consolidated Cash Flow Statement 17

Notes to the Consolidated Financial Statements 18


H S JACKSON & SON (FENCING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: N Jordan
P A I Jackson
A C Tune



SECRETARY: N Jordan



REGISTERED OFFICE: Stowting Common
ASHFORD
Kent
TN25 6BN



REGISTERED NUMBER: 00910291 (England and Wales)



SENIOR STATUTORY AUDITOR: John Sheather BSc FCA



AUDITORS: McCabe Ford Williams
Chartered Accountants and Statutory Auditors
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

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

REVIEW OF BUSINESS
The group consists of the parent company H S Jackson & Son (Fencing) Limited, a trading subsidiary, Autogate Systems Limited that designs and installs automated gate systems and two non-trading subsidiaries.

After three years of volatility in material prices, utility and distribution costs and customer demand, trading conditions were challenging in some areas of the business while others continued to perform well.

The focus during the year was to improve gross profit through careful monitoring of costs and taking advantage of production efficiencies that the capital expenditure of the last three years has made possible.

Although turnover was 3.8% lower during the year gross profit was 7.6% higher.

At the end of the year the group had a strong balance sheet with net current assets of £14.7 million and total net assets of £22.8 million, an increase in the year of £1.7 million.

The key financial performance indicators of the business are turnover, gross profit and profit before tax. As stated above, turnover decreased by 3.8%, but with gross profit 7.6% higher.

Gross profit, expressed as a percentage of turnover increased from 31.7% in 2023 to 35.4% in 2024.

Despite continuing cost pressures for staff and utility costs, overhead costs were contained at 3.3% higher than the previous year.

Profit before tax increased from £1.58 million in 2023 to £2.38 million in 2024, a 50% increase.

PRINCIPAL RISKS AND UNCERTAINTIES
At the time of writing the lack of growth in the economy is still evident in some sales channels, while others have recently seen a return to high levels of activity.

We continue to monitor sales activity across all sales channels very carefully and are flexible in our planning.

We are managing inventory levels to ensure efficient use of these assets and have a robust supply chain in place allowing us to respond to demand in a timely manner.

With the current uncertainty facing the wider economy we anticipate that there may be an increased risk of business failures in some sectors. We have trade credit insurance in place, and are applying underwriter's limits, with very limited discretion, and that will continue to be our policy, along with effective credit control procedures.

The group continues to maintain a high level of cash funds.

Our strategy over many years has been to develop and maintain a diverse customer base with multiple sales channels, both in the UK and in export markets.

We continue to actively pursue new sales and marketing initiatives and opportunities and are introducing new products that will enable us to grow the business profitably.


H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

SECTION 172(1) STATEMENT
This section describes how the directors have had regard to the matters set out in section 172(1)(a) to (f) Companies Act 2006 in exercising their duty to promote the success of the group for the benefit of its stakeholders.

Our stakeholders
The directors consider that the following groups are the group's stakeholders. The Board seeks to understand the respective interests of these stakeholder groups so that these may be properly considered in the Board's decisions. We do this by various methods, including direct engagement by Board members and receiving reports and updates from members of management who engage with these groups as part of their daily activities.

Workforce
The strength of our business is built on the hard work and dedication of our colleagues, who rely on us to provide stable employment and opportunities to realise their potential in a safe and satisfying working environment.

Customers
Our customers are the reason we exist. We do not forget that they have a choice of suppliers and products, so it is essential to our future that we can consistently and continuously supply products of the highest possible quality, offering good value for money and high levels of service to both new and existing customers. We strongly believe that in doing so, we will continue to build our brand value and customer loyalty.

Suppliers
The group relies on our suppliers to provide the materials to make our products and to provide essential services that we need to operate our business. Our suppliers rely on us to generate revenue and employment for them. We have a policy of supporting small businesses and engage with many throughout our supply chain.

Our local communities and the environment
Our local communities and the wider public expect us to act as a responsible group and a good neighbour, and to minimise the impact we might have on our local communities and the environment.

Regulators
The group is mindful of its responsibilities with regard to all applicable laws and regulations.

Shareholders
The group is owned by Peter Jackson, the Chief Executive, who is the grandson of the founder of the parent company.

This form of ownership allows the Board to prioritise the interests of the business in the long term rather than seeking short term levels of return to investors.

In the management of the group the Board are conscious of the following obligations

To have regard to the consequences of any decision in the long term

The Board is aware that its strategic decisions can have long term implications for the business and its stakeholders, and these implications are carefully assessed.

To have regard to the interests of our group's employees

Through engagement, the Board takes active steps to ensure the views and interests of the workforce are included in our decision making.

The group benefits from having an owner and Chief Executive who is a member of the family that founded the parent company over 75 years ago, and has worked in many areas of the business until becoming Chief Executive on the retirement of his brother in 2014.

The three members of the Board who are active on a day-to-day basis between them have over 90 years of experience within the group as employees, and latterly as executive directors.


H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

They all maintain a high level of personal oversight and engagement in the group's affairs. This depth of knowledge of the business and an active style of engagement means that our executive directors maintain an insight into the culture and views of the workforce.

The group invests in the wellbeing of their employees; examples of which include the provision of health care schemes for all employees with more than 12 months service and one to one advice on pensions which is available to the whole workforce.

The group, through its HR department, maintain and monitor a wide range of policies covering all aspects of employment, including diversity, staff retention, learning and development activities, pay and reward including gender pay gap and other HR initiatives.

The health and safety of our workforce is of paramount importance to the group, and the Board receive regular reports from the group Health and Safety Manager on safety performance and safety risk management.

To have regard to the need to foster the group's business relationships with customers, suppliers and service providers.

Customers

The performance of the group is measured constantly in terms of not only revenue but also levels of customer service; lead times between order and delivery, customer return rates, product quality and customer feedback are among the metrics monitored regularly.

The group supports a growing number of small businesses through its Approved Installer network. This is a rapidly expanding area of the business. Interface between our customers, the installer network and the group is provided by a dedicated team tasked with maintaining the highest possible standards of service to our customers while providing assistance and mentoring to the network in helping their businesses grow and be successful.

Suppliers and service providers

The Board seeks to balance the benefits of maintaining strong and long lasting relationships with key suppliers alongside the need to obtain value for money and the desired quality and service levels for our customers.
We have a strong ethical policy with our suppliers. We expect a high standard of product and service from them and in return offer a long term relationship, payments made strictly to agreed terms and an ongoing dialogue so that any difficulties that they face in providing product and timely supply can be met together.

To have regard to the impact of the group's operations on the community and the environment

Our local communities

The Board appreciates the need to balance the requirements of the business with the impact of our operations on our local communities. Proper regard is paid to mitigating the environmental impact of our operations, most especially noise and light pollution.

The environment - Responsible sourcing

The Board supports initiatives with regard to reducing adverse impacts on the environment. The group is accredited by both the Forestry Stewardship Council and the Programme for the Endorsement of Forest Certification, organisations dedicated to promoting sustainable forest management through independent third-party certification.
As part of its programme of continuous improvement the group seek to engineer its products in a way that reduces waste. The group offer a 25-year guarantee on all manufactured products, believing that the greatest positive impact on the environment can best be obtained by reducing the number of times that a product has to be replaced.

Regulators

The group meets its obligations to HMRC in a timely manner and has high standards of ethical behaviour with regard to its tax affairs. The Board is advised by our accountants and auditors to ensure that all tax matters are dealt with appropriately.


H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Shareholders

As a private, family owned group, the Board are aware of their responsibility to maintain the high standards set by past generations of owners in providing high quality jobs to a largely local workforce, trading honestly and ethically and providing the highest possible standards of product and service.

POST BALANCE SHEET REPORT
The first half of the current year saw sales 10% higher than the previous year, with the confirmed order book at a high level and we expect to meet our sales and profit expectations for the year.

ON BEHALF OF THE BOARD:





N Jordan - Director


26 June 2025

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

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

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of the manufacture of timber and metal fencing, timber preservation and supply and installation of gate automation equipment.

DIVIDENDS
No dividends will be distributed for the year ended 30 September 2024.

The profit for the year, after taxation, is £1,734,943 (2023-£1,214,826).

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

N Jordan
P A I Jackson
A C Tune

DISABLED EMPLOYEES
Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment with the group continues and that appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical with that of other employees.

EMPLOYEE CONSULTATION
The group places considerable value on the involvement of its employees and has continued to keep them informed on matters affecting them as employees and on the various factors affecting the performance of the group. Employee representatives are consulted regularly on a wide range of matters affecting their current and future interests.

STREAMLINED ENERGY AND CARBON REPORTING
UK Greenhouse gas emissions, energy consumption and energy efficiency data for the year ended 30 September 2024:

UK annual quantity of emissions in tonnes of carbon dioxide equivalent resulting from activities for which the parent company is responsible involving:
I. Combustion of gas; 372.70 Tonnes
II. Consumption of fuel for the purposes of transport; 1,355.60 Tonnes
III. Consumption of gasoil for space heating and forklifts; 265.50 Tonnes

UK annual quantity of emissions in tonnes of carbon dioxide equivalent resulting from the purchase of electricity for its own use, including for the purposes of transport; 203.10 Tonnes

Aggregated figure in kWh of:
I. Combustion of gas; 1,602,668.30 KWH
II. Consumption of fuel for the purposes of transport; 5,337,998.70 KWH
III. Consumption of gasoil for space heating and forklifts; 973,082.70 KWH

UK annual quantity of energy consumed resulting from the purchase of electricity by the parent company for its own use, including for the purposes of transport; 991,147.78 KWH

Quantification and reporting methodology:
Consumption data has been collected from Electricity Bills, Invoices paid or fuel delivery information for the financial period. KWH and Tonnes of CO2 emissions have been calculated using 2024 conversion factors available at Greenhouse gas reporting: conversion factors 2024 - GOV.UK (www.gov.uk)

Emissions Ratio:

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Greenhouse gas CO2 emissions Tonnes/Turnover (£'000) = 0.0619

Measures taken to improve energy efficiency:
Three solar panel installations were operational on factory buildings during the financial period. Replacement HGVs meet the latest emissions standards. LED lighting for new areas & when replacement due on existing ones if feasible. Two biomass boiler installations to heat premises were operational during the financial period.

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;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
- 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.

ON BEHALF OF THE BOARD:





N Jordan - Director


26 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
H S JACKSON & SON (FENCING) LIMITED

Opinion
We have audited the financial statements of H S Jackson & Son (Fencing) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, 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 30 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.

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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
H S JACKSON & SON (FENCING) LIMITED


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 seven, 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.

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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other
management, and from our commercial knowledge and experience of the fencing manufacturing sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the company, including the Companies Act 2006, FRS 102, taxation
legislation, employment and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management, inspecting correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert
to instances of non-compliance throughout the audit.

We assessed the susceptibility of the financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge
of actual, suspected and alleged fraud;
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations; and
- understanding the design of the company's remuneration policies.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
H S JACKSON & SON (FENCING) LIMITED


To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of
potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

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.




John Sheather BSc FCA (Senior Statutory Auditor)
for and on behalf of McCabe Ford Williams
Chartered Accountants and Statutory Auditors
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

27 June 2025

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   

TURNOVER 3 36,844,182 38,318,808

Cost of sales 23,794,474 26,189,051
GROSS PROFIT 13,049,708 12,129,757

Distribution costs 2,605,313 2,474,083
Administrative expenses 8,413,942 8,192,016
11,019,255 10,666,099
2,030,453 1,463,658

Other operating income 163,969 122,471
OPERATING PROFIT 5 2,194,422 1,586,129

Interest receivable and similar income 185,946 3,252
2,380,368 1,589,381

Interest payable and similar expenses 6 165 11,961
PROFIT BEFORE TAXATION 2,380,203 1,577,420

Tax on profit 7 645,260 362,594
PROFIT FOR THE FINANCIAL YEAR 1,734,943 1,214,826

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

CONSOLIDATED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 87,882 70,307
Tangible assets 11 8,566,298 8,310,393
Investments 12 - -
8,654,180 8,380,700

CURRENT ASSETS
Stocks 13 7,707,168 5,943,610
Debtors 14 6,963,151 5,248,249
Cash at bank and in hand 6,162,376 6,923,674
20,832,695 18,115,533
CREDITORS
Amounts falling due within one year 15 6,141,470 4,992,601
NET CURRENT ASSETS 14,691,225 13,122,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,345,405

21,503,632

PROVISIONS FOR LIABILITIES 17 545,351 438,521
NET ASSETS 22,800,054 21,065,111

CAPITAL AND RESERVES
Called up share capital 18 106,250 106,250
Capital redemption reserve 19 18,750 18,750
Fair value reserve 19 544,889 544,889
Retained earnings 19 22,130,165 20,395,222
SHAREHOLDERS' FUNDS 22,800,054 21,065,111

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:




P A I Jackson - Director



N Jordan - Director


H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

COMPANY BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 87,882 70,307
Tangible assets 11 8,404,216 8,135,350
Investments 12 1,826,525 1,826,525
10,318,623 10,032,182

CURRENT ASSETS
Stocks 13 7,368,628 5,621,205
Debtors 14 6,841,053 4,918,503
Cash at bank and in hand 5,629,605 6,520,880
19,839,286 17,060,588
CREDITORS
Amounts falling due within one year 15 6,092,567 4,898,533
NET CURRENT ASSETS 13,746,719 12,162,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,065,342

22,194,237

PROVISIONS FOR LIABILITIES 17 538,103 424,560
NET ASSETS 23,527,239 21,769,677

CAPITAL AND RESERVES
Called up share capital 18 106,250 106,250
Capital redemption reserve 19 18,750 18,750
Fair value reserve 19 544,889 544,889
Retained earnings 19 22,857,350 21,099,788
SHAREHOLDERS' FUNDS 23,527,239 21,769,677

Company's profit for the financial year 1,757,562 1,213,483

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:




P A I Jackson - Director



N Jordan - Director


H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up Capital Fair
share Retained redemption value Total
capital earnings reserve reserve equity
£    £    £    £    £   
Balance at 1 October 2022 106,250 19,475,236 18,750 544,889 20,145,125

Changes in equity
Dividends - (294,840 ) - - (294,840 )
Total comprehensive income - 1,214,826 - - 1,214,826
Balance at 30 September 2023 106,250 20,395,222 18,750 544,889 21,065,111

Changes in equity
Total comprehensive income - 1,734,943 - - 1,734,943
Balance at 30 September 2024 106,250 22,130,165 18,750 544,889 22,800,054

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up Capital Fair
share Retained redemption value Total
capital earnings reserve reserve equity
£    £    £    £    £   
Balance at 1 October 2022 106,250 20,181,145 18,750 544,889 20,851,034

Changes in equity
Dividends - (294,840 ) - - (294,840 )
Total comprehensive income - 1,213,483 - - 1,213,483
Balance at 30 September 2023 106,250 21,099,788 18,750 544,889 21,769,677

Changes in equity
Total comprehensive income - 1,757,562 - - 1,757,562
Balance at 30 September 2024 106,250 22,857,350 18,750 544,889 23,527,239

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 371,623 4,924,194
Interest paid (165 ) (11,933 )
Interest element of hire purchase or finance
lease rental payments paid

-

(28

)
Tax paid (357,262 ) (627,461 )
Net cash from operating activities 14,196 4,284,772

Cash flows from investing activities
Purchase of intangible fixed assets (56,897 ) -
Purchase of tangible fixed assets (1,026,856 ) (2,108,552 )
Sale of tangible fixed assets 122,313 91,978
Interest received 185,946 3,252
Net cash from investing activities (775,494 ) (2,013,322 )

Cash flows from financing activities
Capital repayments in year - (1,683 )
Amount introduced by directors - 86,316
Equity dividends paid - (294,840 )
Net cash from financing activities - (210,207 )

(Decrease)/increase in cash and cash equivalents (761,298 ) 2,061,243
Cash and cash equivalents at beginning of
year

2

6,923,674

4,862,431

Cash and cash equivalents at end of year 2 6,162,376 6,923,674

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

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

2024 2023
£    £   
Profit before taxation 2,380,203 1,577,420
Depreciation charges 775,034 693,603
Profit on disposal of fixed assets (87,074 ) (50,495 )
Finance costs 165 11,961
Finance income (185,946 ) (3,252 )
2,882,382 2,229,237
(Increase)/decrease in stocks (1,763,558 ) 2,852,118
(Increase)/decrease in trade and other debtors (1,714,902 ) 693,007
Increase/(decrease) in trade and other creditors 967,701 (850,168 )
Cash generated from operations 371,623 4,924,194

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 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 6,162,376 6,923,674
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 6,923,674 4,862,431


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank and in hand 6,923,674 (761,298 ) 6,162,376
6,923,674 (761,298 ) 6,162,376
Total 6,923,674 (761,298 ) 6,162,376

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

1. STATUTORY INFORMATION

H S Jackson & Son (Fencing) 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 as modified by the revaluation of certain assets.

Basis of consolidation
The group financial statements consolidate the financial statements of the company and its subsidiary undertakings from the date of acquisition and up to the date of disposal, where appropriate. Acquisitions are accounted for using the acquisition method of accounting.

Significant judgements and estimates
The preparation of the financial statements requires the directors to make estimates and assumptions that affect the amounts reported in the financial statements. The directors believe that the critical accounting policies where judgement or estimates are necessarily applied are summarised below:

Depreciation and residual values
The directors have reviewed the asset lives and associated residual values of all fixed asset classes, and

Investment property valuation

The directors have reviewed the valuation of the investment property and have concluded that it is
appropriate.

Stock valuation
The directors believe that it is appropriate to include a proportion of overhead costs in valuing stock.

Fair values

The directors have considered the fair value of the assets acquired with the purchase of the subsidiaries and
have concluded that they approximated to the book values at acquisition.




Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents net invoiced sales of goods and services provided, net of trade discounts, value added tax and other sales taxes or duty. Turnover is recognised when the significant risks and rewards in connection with the goods have been transferred to the buyer. In respect of long-term contracts and contracts for on-going services, turnover is recognised by reference to the stage of completion and when a right to consideration exists.

Goodwill
Goodwill, being the amount paid in excess of the fair value of the net assets acquired on the acquisition of a group of companies in 2016, is being amortised evenly over its estimated useful life of 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.

Website costs are being amortised evenly over their estimated useful life of three years.

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

2. ACCOUNTING POLICIES - continued

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 - 10% on cost
Improvements to leasehold property - 10% on cost
Plant and machinery - 25% on reducing balance, 20% on cost and 10% on cost
Office equipment - 25% on reducing balance and 20% to 33.3% on cost
Motor vehicles - 25% on reducing balance and 20% on cost

Land is not depreciated.

No depreciation is provided in respect of the group's investment property. The investment property is revalued annually by the directors.

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost is calculated using the average cost method and consists of material and direct labour costs, together with an appropriate proportion of production overheads and after making due allowance for any obsolete or slow moving stock items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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 group operates a group money purchase scheme (defined contributions scheme). A self administered pension scheme is operated for certain directors. The assets of all schemes are held separately from those of the group in independently administered funds. The amounts charged to the profit and loss account in the year are the contributions payable for the year.

Hire purchase and leasing commitments
Assets held under hire purchase contracts or finance leases are capitalised in the balance sheet and are depreciated over their useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to income as incurred.

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

2. ACCOUNTING POLICIES - continued

Grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account as income over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Government grant income in respect of solar panels and a RHI boiler is recognised in the period in which the services are provided.

Debtors and creditors receivable/payable within one year
Debtors and creditors that are receivable or payable on demand are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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 36,088,038 37,488,797
Exported sales 756,144 830,011
36,844,182 38,318,808

4. EMPLOYEES AND DIRECTORS

2024 2023
£    £   
Wages and salaries 11,410,592 10,870,659
Social security costs 1,182,551 1,099,138
Other pension costs 491,953 527,383
13,085,096 12,497,180

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

Management and administration 54 55
Production and sales 237 243
291 298

2024 2023
£    £   
Directors' remuneration 897,088 769,966
Directors' pension contributions to money purchase schemes 66,700 66,700

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

The number of directors to whom retirement benefits were accruing
was as follows:

2024 2023
Money purchase schemes 3 3

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 346,744 388,142
Pension contributions to money purchase schemes 36,000 36,000

5. OPERATING PROFIT

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

2024 2023
£    £   
Depreciation - owned assets 735,712 658,974
Profit on disposal of fixed assets (87,074 ) (50,495 )
Website costs amortisation 39,322 34,629
Auditors' remuneration 32,250 32,250
Foreign exchange differences (12,256 ) 644
Operating lease rentals 94,252 102,434

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Other interest 165 11,933
Hire purchase - 28
165 11,961

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 538,430 257,220

Deferred tax 106,830 105,374
Tax on profit 645,260 362,594

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

7. TAXATION - continued

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 2,380,203 1,577,420
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 22.008 %)

595,051

347,159

Effects of:
Expenses not deductible for tax purposes 396 163
Capital allowances in excess of depreciation (61,151 ) (113,589 )
Pension accrual movement 175 2,265


Deferred tax 106,830 105,374
Tax losses carried forward 3,959 21,222
Total tax charge 645,260 362,594

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 - 294,840

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

10. INTANGIBLE FIXED ASSETS

Group
Website
Goodwill costs Totals
£    £    £   
COST
At 1 October 2023 1,409,062 104,936 1,513,998
Additions - 56,897 56,897
At 30 September 2024 1,409,062 161,833 1,570,895
AMORTISATION
At 1 October 2023 1,409,062 34,629 1,443,691
Amortisation for year - 39,322 39,322
At 30 September 2024 1,409,062 73,951 1,483,013
NET BOOK VALUE
At 30 September 2024 - 87,882 87,882
At 30 September 2023 - 70,307 70,307

Company
Website
costs
£   
COST
At 1 October 2023 104,936
Additions 56,897
At 30 September 2024 161,833
AMORTISATION
At 1 October 2023 34,629
Amortisation for year 39,322
At 30 September 2024 73,951
NET BOOK VALUE
At 30 September 2024 87,882
At 30 September 2023 70,307

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

11. TANGIBLE FIXED ASSETS

Group
Improvements
to
Freehold Investment leasehold
property property property
£    £    £   
COST OR VALUATION
At 1 October 2023 7,445,608 500,000 27,848
Additions 219,212 - -
Disposals - - -
At 30 September 2024 7,664,820 500,000 27,848
DEPRECIATION
At 1 October 2023 1,970,891 - 27,848
Charge for year 148,267 - -
Eliminated on disposal - - -
At 30 September 2024 2,119,158 - 27,848
NET BOOK VALUE
At 30 September 2024 5,545,662 500,000 -
At 30 September 2023 5,474,717 500,000 -

Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2023 4,781,396 1,294,228 2,851,695 16,900,775
Additions 553,148 785 253,711 1,026,856
Disposals (47,250 ) - (230,642 ) (277,892 )
At 30 September 2024 5,287,294 1,295,013 2,874,764 17,649,739
DEPRECIATION
At 1 October 2023 3,643,517 1,251,478 1,696,648 8,590,382
Charge for year 204,327 20,503 362,615 735,712
Eliminated on disposal (46,983 ) - (195,670 ) (242,653 )
At 30 September 2024 3,800,861 1,271,981 1,863,593 9,083,441
NET BOOK VALUE
At 30 September 2024 1,486,433 23,032 1,011,171 8,566,298
At 30 September 2023 1,137,879 42,750 1,155,047 8,310,393

At 30 September 2024 the directors valued the investment property on an open market value basis at £500,000.

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

11. TANGIBLE FIXED ASSETS - continued

Group

Cost or valuation at 30 September 2024 is represented by:

Improvements
to
Freehold Investment leasehold
property property property
£    £    £   
Valuation in 2022 - (10,000 ) -
Valuation in 2017 - 122,262 -
Valuation in 1992 432,627 - -
Cost 7,232,193 387,738 27,848
7,664,820 500,000 27,848

Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
Valuation in 2022 - - - (10,000 )
Valuation in 2017 - - - 122,262
Valuation in 1992 - - - 432,627
Cost 5,287,294 1,295,013 2,874,764 17,104,850
5,287,294 1,295,013 2,874,764 17,649,739

If the properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 7,619,931 7,400,719
Aggregate depreciation 1,623,940 1,475,673

Freehold land and buildings were valued on an open market basis on 9 November 1992 by Messrs Caxtons .

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

11. TANGIBLE FIXED ASSETS - continued

Company
Freehold Investment Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 October 2023 7,445,608 500,000 4,658,655
Additions 219,212 - 552,515
Disposals - - (47,250 )
At 30 September 2024 7,664,820 500,000 5,163,920
DEPRECIATION
At 1 October 2023 1,970,891 - 3,539,362
Charge for year 148,267 - 199,641
Eliminated on disposal - - (46,983 )
At 30 September 2024 2,119,158 - 3,692,020
NET BOOK VALUE
At 30 September 2024 5,545,662 500,000 1,471,900
At 30 September 2023 5,474,717 500,000 1,119,293

Office Motor
equipment vehicles Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 1,222,994 2,600,760 16,428,017
Additions - 215,315 987,042
Disposals - (214,069 ) (261,319 )
At 30 September 2024 1,222,994 2,602,006 17,153,740
DEPRECIATION
At 1 October 2023 1,200,792 1,581,622 8,292,667
Charge for year 15,185 324,104 687,197
Eliminated on disposal - (183,357 ) (230,340 )
At 30 September 2024 1,215,977 1,722,369 8,749,524
NET BOOK VALUE
At 30 September 2024 7,017 879,637 8,404,216
At 30 September 2023 22,202 1,019,138 8,135,350

At 30 September 2024 the directors valued the investment property on an open market value basis at £500,000.

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

11. TANGIBLE FIXED ASSETS - continued

Company

Cost or valuation at 30 September 2024 is represented by:

Freehold Investment Plant and
property property machinery
£    £    £   
Valuation in 2022 - (10,000 ) -
Valuation in 2017 - 122,262 -
Valuation in 1992 432,627 - -
Cost 7,232,193 387,738 5,163,920
7,664,820 500,000 5,163,920

Office Motor
equipment vehicles Totals
£    £    £   
Valuation in 2022 - - (10,000 )
Valuation in 2017 - - 122,262
Valuation in 1992 - - 432,627
Cost 1,222,994 2,602,006 16,608,851
1,222,994 2,602,006 17,153,740

If the properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 7,619,931 7,400,719
Aggregate depreciation 1,623,940 1,475,673

Freehold land and buildings were valued on an open market basis on 9 November 1992 by Messrs Caxtons .


12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 1,826,525
NET BOOK VALUE
At 30 September 2024 1,826,525
At 30 September 2023 1,826,525

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

12. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Gateslade Ltd
Registered office: c/o H S Jackson & Son (Fencing) Limited, Stowting Common, Ashford, Kent TN25 6BD
Nature of business: Non-trading
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 138,050 138,050

Autogate Systems Holdings Ltd
Registered office: c/o H S Jackson & Son (Fencing) Limited, Stowting Common, Ashford, Kent TN25 6BD
Nature of business: Non trading
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 100 100

Autogate Systems Limited
Registered office: c/o H S Jackson & Son (Fencing) Limited, Stowting Common, Ashford, Kent TN25 6BD
Nature of business: Automated gate installation
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1,099,292 1,121,912
(Loss)/profit for the year (22,620 ) 1,344


13. STOCKS

Group Company
2024 2023 2024 2023
£    £    £    £   
Stocks 7,707,168 5,943,610 7,368,628 5,621,205

During both the current and preceding year the group purchased certain products subject to reservation of title. These have been accounted for in the same way as other purchases.

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 6,403,947 4,805,777 6,201,742 4,403,703
Amounts owed by group undertakings - - 81,523 81,523
Other debtors 200,905 24,217 199,489 15,022
Prepayments 358,299 418,255 358,299 418,255
6,963,151 5,248,249 6,841,053 4,918,503

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade creditors 3,476,662 2,703,036 3,406,178 2,703,613
Tax 181,168 - 181,168 -
Social security and other taxes 809,736 761,214 748,046 682,607
Other creditors 829,302 714,604 912,573 698,566
Cash held on forward sales 844,602 813,747 844,602 813,747
6,141,470 4,992,601 6,092,567 4,898,533

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 89,000 95,375
Between one and five years 356,000 391,000
In more than five years 148,500 202,500
593,500 688,875

Company
Non-cancellable operating leases
2024 2023
£    £   
Within one year 54,000 60,375
Between one and five years 216,000 216,000
In more than five years 148,500 202,500
418,500 478,875

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

17. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax 545,351 438,521 538,103 424,560

Group
Deferred
tax
£   
Balance at 1 October 2023 438,521
Movement in year 106,830
Balance at 30 September 2024 545,351

Company
Deferred
tax
£   
Balance at 1 October 2023 424,560
Movement in the year 113,543
Balance at 30 September 2024 538,103

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
106,250 Ordinary £1 106,250 106,250

19. RESERVES

Group
Capital Fair
Retained redemption value
earnings reserve reserve Totals
£    £    £    £   

At 1 October 2023 20,395,222 18,750 544,889 20,958,861
Profit for the year 1,734,943 1,734,943
At 30 September 2024 22,130,165 18,750 544,889 22,693,804

H S JACKSON & SON (FENCING) LIMITED (REGISTERED NUMBER: 00910291)

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

19. RESERVES - continued

Company
Capital Fair
Retained redemption value
earnings reserve reserve Totals
£    £    £    £   

At 1 October 2023 21,099,788 18,750 544,889 21,663,427
Profit for the year 1,757,562 1,757,562
At 30 September 2024 22,857,350 18,750 544,889 23,420,989


20. PENSION COMMITMENTS

The group operates a group money purchase scheme (defined contribution pension scheme). The cost for the period was £419,953 (2023-£455,383) with £42,543 (2023-£41,843) outstanding at the year end. The remaining pension costs in the year are payments to the self administered pension scheme (see note 21).

21. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

The group leases land and buildings owned by The Jackson Pension Fund, a self administered pension scheme for the benefit of certain directors, the commercial rent charge is £54,000 (2023-£54,000).

22. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P A I Jackson by virtue of his control of the share capital of the parent company.

23. GOVERNMENT GRANTS

During the year the group has received revenue based grant income of £110,877 (2023-£97,347) in respect of the use of a RHI boiler and £28,236 (2023-£12,718) in respect of the use of solar panels, which have been credited to the profit and loss account.