Company registration number 04316591 (England and Wales)
J.A.K MARKETING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2025
PAGES FOR FILING WITH REGISTRAR
J.A.K MARKETING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 9
J.A.K MARKETING LIMITED
BALANCE SHEET
AS AT
30 MAY 2025
30 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,935
3,459
Tangible assets
4
827,612
811,983
832,547
815,442
Current assets
Stocks
548,590
511,783
Debtors
5
3,912,716
3,926,413
Cash at bank and in hand
316,599
469,318
4,777,905
4,907,514
Creditors: amounts falling due within one year
6
(933,585)
(1,221,842)
Net current assets
3,844,320
3,685,672
Total assets less current liabilities
4,676,867
4,501,114
Creditors: amounts falling due after more than one year
7
(379,720)
(411,257)
Provisions for liabilities
(22,000)
(14,000)
Net assets
4,275,147
4,075,857
Capital and reserves
Called up share capital
1,002
1,002
Profit and loss reserves
4,274,145
4,074,855
Total equity
4,275,147
4,075,857

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 February 2026 and are signed on its behalf by:
Mr M Wickham
Director
Company registration number 04316591 (England and Wales)
J.A.K MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2025
- 2 -
1
Accounting policies
Company information

J.A.K Marketing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Purfect House, 11-21 Dale Road, Sheriff Hutton, York, YO60 6RZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The ultimate parent company is Woodley Equipment Company Limited which is the smallest and largest group into which these financial statements are consolidated. The registered office of Woodley Equipment Company Limited is Old Station Park Buildings, St. John Street, Horwich, BL6 7NY

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The company recognises revenue from the following major sources:

- Sale of veterinary products.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Intangible fixed assets - goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of ten years.
J.A.K MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MAY 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
15% straight line
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings freehold
1% straight line on buildings element
Fixtures, fittings and equipment
15% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

J.A.K MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MAY 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

J.A.K MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MAY 2025
1
Accounting policies
(Continued)
- 5 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

J.A.K MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MAY 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.16
Foreign exchange
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
34
36
J.A.K MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MAY 2025
- 7 -
3
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 31 May 2024
45,000
9,240
54,240
Additions
-
0
2,892
2,892
At 30 May 2025
45,000
12,132
57,132
Amortisation and impairment
At 31 May 2024
45,000
5,781
50,781
Amortisation charged for the year
-
0
1,416
1,416
At 30 May 2025
45,000
7,197
52,197
Carrying amount
At 30 May 2025
-
0
4,935
4,935
At 30 May 2024
-
0
3,459
3,459
4
Tangible fixed assets
Land and buildings freehold
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 31 May 2024
738,226
564,498
22,495
1,325,219
Additions
-
0
55,508
-
0
55,508
At 30 May 2025
738,226
620,006
22,495
1,380,727
Depreciation and impairment
At 31 May 2024
26,617
464,124
22,495
513,236
Depreciation charged in the year
7,387
32,492
-
0
39,879
At 30 May 2025
34,004
496,616
22,495
553,115
Carrying amount
At 30 May 2025
704,222
123,390
-
0
827,612
At 30 May 2024
711,609
100,374
-
0
811,983
J.A.K MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MAY 2025
- 8 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,010,480
1,052,831
Amounts owed by group undertakings
2,758,108
2,683,108
Other debtors
144,128
190,474
3,912,716
3,926,413

Amounts owed by group undertakings are unsecured and repayable on demand.

6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
31,497
24,988
Trade creditors
543,739
720,497
Taxation and social security
207,227
318,763
Other creditors
151,122
157,594
933,585
1,221,842

Bank loans of £31,497 (2024 - £24,988) are secured against the assets to which they relate.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
379,720
411,257

Bank loans of £379,720 (2024 - £411,257) are secured against the assets to which they relate.

8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
23,878
16,329

The operating leases represent leases relating to motor vehicles and rental property payable to third parties. The leases that exist are negotiated over fixed rental terms of up to 3 years. All leases include a provision for up ward rent reviews according to prevailing market conditions. There are no options in place for either party to extend the lease terms.

J.A.K MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MAY 2025
- 9 -
9
Parent company

The financial statements of the company are consolidated in the financial statements of Woodley Equipment Company Limited. Copies of the financial statements are available from Woodley Equipment Company Limited with registered office Old Station Park Buildings, St. John Street, Horwich, Bolton, BL6 7NY.

10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 May 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Martin Davey
Statutory Auditor:
Azets Audit Services Limited
Date of audit report:
18 February 2026
2025-05-30 2024-05-31 false false false 18 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs C E Page Mr M Wickham Mr R M Wickham Mr E J Wickham 04316591 2024-05-31 2025-05-30 04316591 2025-05-30 04316591 2024-05-30 04316591 core:NetGoodwill 2025-05-30 04316591 core:IntangibleAssetsOtherThanGoodwill 2025-05-30 04316591 core:NetGoodwill 2024-05-30 04316591 core:IntangibleAssetsOtherThanGoodwill 2024-05-30 04316591 core:LandBuildings core:OwnedOrFreeholdAssets 2025-05-30 04316591 core:FurnitureFittings 2025-05-30 04316591 core:MotorVehicles 2025-05-30 04316591 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-30 04316591 core:FurnitureFittings 2024-05-30 04316591 core:MotorVehicles 2024-05-30 04316591 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-30 04316591 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-30 04316591 core:WithinOneYear 2025-05-30 04316591 core:WithinOneYear 2024-05-30 04316591 core:AfterOneYear 2025-05-30 04316591 core:AfterOneYear 2024-05-30 04316591 core:CurrentFinancialInstruments 2025-05-30 04316591 core:CurrentFinancialInstruments 2024-05-30 04316591 core:ShareCapital 2025-05-30 04316591 core:ShareCapital 2024-05-30 04316591 core:RetainedEarningsAccumulatedLosses 2025-05-30 04316591 core:RetainedEarningsAccumulatedLosses 2024-05-30 04316591 bus:Director2 2024-05-31 2025-05-30 04316591 core:Goodwill 2024-05-31 2025-05-30 04316591 core:IntangibleAssetsOtherThanGoodwill 2024-05-31 2025-05-30 04316591 core:ComputerSoftware 2024-05-31 2025-05-30 04316591 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-31 2025-05-30 04316591 core:FurnitureFittings 2024-05-31 2025-05-30 04316591 core:MotorVehicles 2024-05-31 2025-05-30 04316591 2023-05-31 2024-05-30 04316591 core:NetGoodwill 2024-05-30 04316591 core:IntangibleAssetsOtherThanGoodwill 2024-05-30 04316591 2024-05-30 04316591 core:NetGoodwill 2024-05-31 2025-05-30 04316591 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-30 04316591 core:FurnitureFittings 2024-05-30 04316591 core:MotorVehicles 2024-05-30 04316591 core:Non-currentFinancialInstruments 2025-05-30 04316591 core:Non-currentFinancialInstruments 2024-05-30 04316591 bus:PrivateLimitedCompanyLtd 2024-05-31 2025-05-30 04316591 bus:SmallCompaniesRegimeForAccounts 2024-05-31 2025-05-30 04316591 bus:FRS102 2024-05-31 2025-05-30 04316591 bus:Audited 2024-05-31 2025-05-30 04316591 bus:Director1 2024-05-31 2025-05-30 04316591 bus:Director3 2024-05-31 2025-05-30 04316591 bus:Director4 2024-05-31 2025-05-30 04316591 bus:FullAccounts 2024-05-31 2025-05-30 xbrli:pure xbrli:shares iso4217:GBP