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Registered number: 06893850
Cheap Jacks Limited
Financial Statements
For The Year Ended 31 May 2025
Affinity Associates (AU) Limited
Office 43, The Cobalt Bldg
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06893850
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,730 2,163
1,730 2,163
CURRENT ASSETS
Stocks 6 14,952 11,500
Debtors 7 8,503 4,772
Cash at bank and in hand 17,688 62,183
41,143 78,455
Creditors: Amounts Falling Due Within One Year 8 (22,601 ) (15,961 )
NET CURRENT ASSETS (LIABILITIES) 18,542 62,494
TOTAL ASSETS LESS CURRENT LIABILITIES 20,272 64,657
Creditors: Amounts Falling Due After More Than One Year 9 (26,025 ) (31,099 )
NET (LIABILITIES)/ASSETS (5,753 ) 33,558
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement (5,853 ) 33,458
SHAREHOLDERS' FUNDS (5,753) 33,558
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
S Watkins
Director
8 August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cheap Jacks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06893850 . The registered office is Office 43, The Cobalt Building 1600 Eureka Park, Lower Pemberton, Ashford, Kent, TN25 4BF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% Reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2024 4,000
As at 31 May 2025 4,000
Amortisation
As at 1 June 2024 4,000
As at 31 May 2025 4,000
Net Book Value
As at 31 May 2025 -
As at 1 June 2024 -
Page 3
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2024 3,675
As at 31 May 2025 3,675
Depreciation
As at 1 June 2024 1,512
Provided during the period 433
As at 31 May 2025 1,945
Net Book Value
As at 31 May 2025 1,730
As at 1 June 2024 2,163
6. Stocks
2025 2024
£ £
Stock 14,952 11,500
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 8,503 4,772
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 12,113 914
Bank loans and overdrafts 5,590 5,315
Other creditors 147 2,787
Taxation and social security 4,751 6,945
22,601 15,961
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 26,025 31,099
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2024 Amounts advanced Amounts repaid Amounts written off As at 31 May 2025
£ £ £ £ £
Susan Watkins - 1,000 - - 1,000
Mr Alastair Withenshaw (2,596) 36,054 33,458 - -
The above loan is unsecured, interest free and repayable on demand.
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