JackSpeak Limited - Filleted accounts

Registered number

13685748

JackSpeak Limited

Unaudited Filleted Accounts

31 March 2025

JackSpeak Limited
Registered number:		13685748
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		83			2,810
Tangible assets	4		9,564			13,931
			9,647			16,741

Current assets
Stocks		33,081			93,328
Debtors	5	25,110			18,915
Cash at bank and in hand		1,979			7,363
		60,170			119,606

Creditors: amounts falling due within one year	6	(198,700)			(219,159)

Net current liabilities			(138,530)			(99,553)

Total assets less current liabilities			(128,883)			(82,812)

Creditors: amounts falling due after more than one year	7		(2,145)			-


Net liabilities			(131,028)			(82,812)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(131,128)			(82,912)

Shareholders' funds			(131,028)			(82,812)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr D B Fair
Director
Approved by the board on 7 November 2025

JackSpeak Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			10 - 25% reducing balance
	Plant and machinery			25% reducing balance
	Fixtures, fittings, tools and equipment			over 3 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					4		4


3	Intangible fixed assets							£
	Licenses:

	Cost
	At 1 April 2024							8,263
	At 31 March 2025							8,263

	Amortisation
	At 1 April 2024							5,453
	Provided during the year							2,727
	At 31 March 2025							8,180

	Net book value
	At 31 March 2025							83
	At 31 March 2024							2,810

	Licenses are being written off in equal annual instalments over its estimated economic life of 3 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Fixtures and fittings		Total
£			£		£		£
	Cost
	At 1 April 2024	2,904		20,248		1,121		24,273
	Additions	-		1,653		-		1,653
	Disposals	(2,739)		-		-		(2,739)
	At 31 March 2025	165		21,901		1,121		23,187

	Depreciation
	At 1 April 2024	346		9,256		740		10,342
	Charge for the year	24		3,161		370		3,555
	On disposals	(274)		-		-		(274)
	At 31 March 2025	96		12,417		1,110		13,623

	Net book value
	At 31 March 2025	69		9,484		11		9,564
	At 31 March 2024	2,558		10,992		381		13,931


5	Debtors					2025		2024
£							£

	Deferred tax asset					25,110		15,018
	Other debtors					-		3,897
						25,110		18,915


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					2,946		7,390
	Trade creditors					1,250		-
	Taxation and social security costs					7,261		1,662
	Other creditors					187,243		210,107
						198,700		219,159


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					2,145		-


8	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					-		19,412


9	Related party transactions

	In the year, there was a loan to JackSpeak Limited from the following related close company controlled by the directors:

						2025		2024
£							£

	Wilfred 14 LLP					112,111		121,900

						112,111		121,900

10	Going concern

	The directors have given assurances that they will continue to support the company. Therefore the accounts have been prepared on a going concern basis.

11	Other information

	JackSpeak Limited is a private company limited by shares and incorporated in England. Its registered office is:

	32 Lower Street
	Dartmouth
	Devon
	TQ6 9AN