James Jackson (Halifax) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00228317 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

James Jackson (Halifax) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Broadbent

SECRETARY:

Mrs V J Lamb

REGISTERED OFFICE:

Unit 2D & 2E, Ladyship Business Park

Mill Lane

Boothtown

Halifax

HX3 6TN

REGISTERED NUMBER:

00228317 (England and Wales)

FIXED ASSETS

Tangible assets

4

68,453

79,230

CURRENT ASSETS

Stocks

3,097

3,100

Debtors

5

48,617

70,157

Cash at bank

14,236

-

65,950

73,257

CREDITORS

Amounts falling due within one year

6

182,770

187,366

NET CURRENT LIABILITIES

(116,820

)

(114,109

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,367

)

(34,879

)

CREDITORS

Amounts falling due after more than one
year

7

8,959

26,098

NET LIABILITIES

(57,326

)

(60,977

)

CAPITAL AND RESERVES

Called up share capital

9

4,002

Other reserves

2,000

Retained earnings

(63,328

)

(66,979

)

SHAREHOLDERS' FUNDS

(57,326

)

(60,977

)

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd September 2025 and were signed by:

J Broadbent - Director

1.	STATUTORY INFORMATION

James Jackson (Halifax) 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 Company Information page.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis. This basis has been adopted due to the continued support of the company's creditors.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Over the Term of the Lease

Plant and machinery

-

8% on Reducing Balance and Over the Term of the Lease

Motor vehicles

-

25% on Reducing Balance

Computer equipment

-

25% on Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statements of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

Financial instruments issued by the company

In accordance with FRS 102.22, financial instruments issued by the company are treated as equity only to the extent that they meet the following two conditions:

(a) they include no contractual obligations upon the company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the company; and

(b) where the instrument will or may be settled in the company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the company's own equity instruments or is a derivative that will be settled by the company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments.

To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

285,447

DEPRECIATION

At 1st April 2024

206,217

Charge for year

10,777

At 31st March 2025

216,994

NET BOOK VALUE

At 31st March 2025

68,453

At 31st March 2024

79,230

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

29,083

DEPRECIATION

At 1st April 2024

18,938

Charge for year

3,382

At 31st March 2025

22,320

NET BOOK VALUE

At 31st March 2025

6,763

At 31st March 2024

10,145

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

46,467

64,469

Other debtors

2,150

5,688

48,617

70,157

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

12,500

21,722

Finance leases

4,639

Trade creditors

40,285

54,686

Taxation and social security

9,323

15,482

Other creditors

116,023

90,837

182,770

187,366

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

-

12,500

Finance leases

6,959

11,598

Other creditors

2,000

8,959

26,098

Amounts falling due in more than five years:

Repayable otherwise than by instalments

5.25% preference shares

2,000

The preference shares have no voting rights, are non - redeemable and have a right to a fixed dividend at the rate of 5.25% per annum on the issue price of the preference shares.

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank overdraft

-

11,722

Bank loans

12,500

22,500

Finance leases

11,598

16,237

24,098

50,459

The company's bankers are secured by way of debenture dated 17 January 1997 in the banks standard form. The hire purchase and finance lease creditors are secured on certain of the company's plant and equipment.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

4,002

Ordinary

£1

4,002

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J Broadbent.