Company registration number 00556299 (England and Wales)
Arthur Jackson & Co.Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 October 2024
PAGES FOR FILING WITH REGISTRAR
Arthur Jackson & Co.Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Arthur Jackson & Co.Limited
Statement of financial position
as at 31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
553,704
627,053
Current assets
Stocks
102,058
109,864
Debtors
150,331
98,276
Cash at bank and in hand
240,540
371,990
492,929
580,130
Creditors: amounts falling due within one year
(341,271)
(421,429)
Net current assets
151,658
158,701
Total assets less current liabilities
705,362
785,754
Provisions for liabilities
4
(138,426)
(156,763)
Net assets
566,936
628,991
Capital and reserves
Called up share capital
2,001
2,001
Profit and loss reserves
564,935
626,990
Total equity
566,936
628,991
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Arthur Jackson & Co.Limited
Statement of financial position (continued)
as at 31 October 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 9 July 2025 and are signed on its behalf by:
A Jackson
Director
Company Registration No. 00556299
Arthur Jackson & Co.Limited
Notes to the financial statements
for the year ended 31 October 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the amount derived from the provision of goods and services falling within the company's activities after deduction of trade discounts and value added tax. Turnover is recognised on delivery/despatch of goods to the customer.
Turnover attributable to geographical markets outside the United Kingdom amounts to 9% for the year.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Plant and machinery
10% per annum on written down value
Fixtures, fittings & equipment
15% per annum on written down value
Computer equipment
30% per annum on written down value
Motor vehicles
25% per annum on written down value
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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 difference represents accumulated difference between the company's taxable profit and its financial profit arise primarily from the difference between accelerated capital allowances and depreciation.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods which timing differences reverse, based on the tax rates and laws enacted or substantively enacted at the balance sheet date.
Arthur Jackson & Co.Limited
Notes to the financial statements (continued)
for the year ended 31 October 2024
1
Accounting policies
(continued)
- 4 -
Pensions
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
10
10
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2023
1,765,800
21,438
21,287
77,909
1,886,434
Additions
1,763
1,763
Disposals
(750)
(750)
At 31 October 2024
1,766,813
21,438
21,287
77,909
1,887,447
Depreciation
At 1 November 2023
1,220,539
21,072
17,770
1,259,381
Depreciation charged in the year
54,526
55
1,054
19,477
75,112
Eliminated in respect of disposals
(750)
(750)
At 31 October 2024
1,274,315
21,127
18,824
19,477
1,333,743
Carrying amount
At 31 October 2024
492,498
311
2,463
58,432
553,704
At 31 October 2023
545,261
366
3,517
77,909
627,053
4
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
138,426
156,763
5
Company information
Arthur Jackson & Co.Limited is a private company limited by shares incorporated in England and Wales. The registered office is Rastrick Common Works, Brighouse, West Yorkshire, HD6 3DR.