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Company Registration No. 04942401 (England and Wales)
Jackj Media Limited Unaudited accounts for the year ended 31 December 2024
Jackj Media Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Jackj Media Limited Company Information for the year ended 31 December 2024
Director
James Hourihan
Secretary
Carol Hourihan
Company Number
04942401 (England and Wales)
Registered Office
Mj Houlihan & Co Ltd 99-101 Corporation Street St. Helens WA10 1SX England
Accountants
MJ Houlihan & Co Accountants 99-101 Corporation Street St Helens WA10 1SX
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Jackj Media Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
847
997
Tangible assets
5
24,626
29,769
25,473
30,766
Current assets
Inventories
23,280
23,280
Debtors
6
121,166
121,166
Cash at bank and in hand
1,932
11,772
146,378
156,218
Creditors: amounts falling due within one year
7
(200,830)
(209,252)
Net current liabilities
(54,452)
(53,034)
Net liabilities
(28,979)
(22,268)
Capital and reserves
Called up share capital
120,000
120,000
Profit and loss account
(148,979)
(142,268)
Shareholders' funds
(28,979)
(22,268)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2026 and were signed on its behalf by
James Hourihan Director Company Registration No. 04942401
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Jackj Media Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Jackj Media Limited is a private company, limited by shares, registered in England and Wales, registration number 04942401. The registered office is Mj Houlihan & Co Ltd, 99-101 Corporation Street, St. Helens, WA10 1SX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in GBP sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
33% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Jackj Media Limited Notes to the Accounts for the year ended 31 December 2024
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other
£
Cost
At 1 January 2024
16,398
At 31 December 2024
16,398
Amortisation
At 1 January 2024
15,401
Charge for the year
150
At 31 December 2024
15,551
Net book value
At 31 December 2024
847
At 31 December 2023
997
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
29,397
69,870
11,805
12,540
123,612
At 31 December 2024
29,397
69,870
11,805
12,540
123,612
Depreciation
At 1 January 2024
22,617
55,066
4,161
11,999
93,843
Charge for the year
678
3,701
764
-
5,143
At 31 December 2024
23,295
58,767
4,925
11,999
98,986
Net book value
At 31 December 2024
6,102
11,103
6,880
541
24,626
At 31 December 2023
6,780
14,804
7,644
541
29,769
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Jackj Media Limited Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Accrued income and prepayments
4,217
4,217
Other debtors
90,707
90,707
94,924
94,924
Amounts falling due after more than one year
Other debtors
26,242
26,242
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
14,737
25,248
VAT
5,723
2,508
Trade creditors
7,843
7,843
Taxes and social security
471
471
Loans from directors
99,483
98,108
Accruals
72,573
75,074
200,830
209,252
8
Transactions with related parties
Other debtors include GBP15,737 (GBP15,737 at 31.12.2021) due to a SIPP plan of which the director is the only member. The company rented business premises for GBP11,700 p.a on commercial terms from the pension scheme and premises for GBP2,250 from the director during the year.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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