Jack Errock Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07101823

Jack Errock Limited

Filleted Unaudited Financial Statements

31 December 2024

Jack Errock Limited

Financial Statements

Year ended 31st December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Jack Errock Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		–	865

Current assets

Debtors	7	14,168	6,171
Cash at bank and in hand		111	637
		--------	-------
		14,279	6,808

Creditors: amounts falling due within one year	8	1,032		2,899
		--------		-------
Net current assets			13,247	3,909
			--------	-------
Total assets less current liabilities			13,247	4,774

Provisions

Taxation including deferred tax	–	164
	--------	-------
Net assets	13,247	4,610
	--------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	13,246	4,609
	--------	-------
Shareholders funds	13,247	4,610
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Jack Errock Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

D. S. Errock

Director

Company registration number: 07101823

Jack Errock Limited

Notes to the Financial Statements

Year ended 31st December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260/268 Chapel Street, Salford, Manchester, M3 5JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Particulars of employees

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1st January 2024	20,500
Additions	–
Disposals	( 20,500)
	--------
At 31st December 2024	–
	--------
Amortisation
At 1st January 2024	20,500
Charge for the year	–
Disposals	( 20,500)
	--------
At 31st December 2024	–
	--------
Carrying amount
At 31st December 2024	–
	--------
At 31st December 2023	–
	--------

6. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1st January 2024	6,954	1,098	8,052
Disposals	( 6,954)	( 1,098)	( 8,052)
	-------	-------	-------
At 31st December 2024	–	–	–
	-------	-------	-------
Depreciation
At 1st January 2024	6,562	625	7,187
Disposals	( 6,562)	( 625)	( 7,187)
	-------	-------	-------
At 31st December 2024	–	–	–
	-------	-------	-------
Carrying amount
At 31st December 2024	–	–	–
	-------	-------	-------
At 31st December 2023	392	473	865
	-------	-------	-------

7. Debtors

	2024	2023
	£	£
Trade debtors	14,168	3,716
Other debtors	–	2,455
	--------	-------
	14,168	6,171
	--------	-------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	–	1,494
Social security and other taxes	–	438
Other creditors	1,032	967
	-------	-------
	1,032	2,899
	-------	-------

9. Director's advances, credits and guarantees

	31 Dec 24	31 Dec 23
	£	£
Director loan accounts	72	7
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