REGISTERED NUMBER: 10974002 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JACKSON & GRACE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Wardle

Miss G Wardle

REGISTERED OFFICE:

409-411 Croydon Road

Beckenham

BR3 3PP

REGISTERED NUMBER:

10974002 (England and Wales)

ACCOUNTANTS:

Edwards Chartered Accountants

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

FIXED ASSETS

Tangible assets

4

11,507

10,324

CURRENT ASSETS

Stocks

15,227

16,174

Debtors

5

9,230

11,016

Cash at bank

53,611

93,349

78,068

120,539

CREDITORS

Amounts falling due within one year

6

87,520

110,806

NET CURRENT (LIABILITIES)/ASSETS

(9,452

)

9,733

TOTAL ASSETS LESS CURRENT LIABILITIES

2,055

20,057

PROVISIONS FOR LIABILITIES

1,917

-

NET ASSETS

138

20,057

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

38

19,957

138

20,057

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

Miss G Wardle - Director

1.	STATUTORY INFORMATION

Jackson & Grace 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Short leasehold

-

20% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

20% on cost

Stocks

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

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

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 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

83,855

114,213

12,670

210,738

Additions

-

9,945

-

9,945

At 31 March 2025

83,855

124,158

12,670

220,683

DEPRECIATION

At 1 April 2024

77,566

110,178

12,670

200,414

Charge for year

6,289

2,473

-

8,762

At 31 March 2025

83,855

112,651

12,670

209,176

NET BOOK VALUE

At 31 March 2025

-

11,507

-

11,507

At 31 March 2024

6,289

4,035

-

10,324

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

486

982

Other debtors

8,744

10,034

9,230

11,016

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

23,318

43,580

Taxation and social security

45,288

57,213

Other creditors

18,914

10,013

87,520

110,806

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £82,717 (2024 - £86,000) were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, jointly.