Registration number: 11849789

Jack in the Bag Ltd

(Registration number: 11849789)
Statement of Financial Position as at 28 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	158,303	96,972
Current assets
Stocks		297,300	165,000
Debtors	5	97,807	130,074
Cash at bank and in hand		11,854	3,718
		406,961	298,792
Creditors: Amounts falling due within one year	6	(603,446)	(644,024)
Net current liabilities		(196,485)	(345,232)
Net liabilities		(38,182)	(248,260)
Capital and reserves
Called up share capital		100	100
Retained earnings		(38,282)	(248,360)
Shareholders' deficit		(38,182)	(248,260)

Jack in the Bag Ltd

(Registration number: 11849789)
Statement of Financial Position as at 28 August 2025

For the financial year ending 28 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 23 August 2026 and signed on its behalf by:
 

......................................... Mr A K Babuta Director

Jack in the Bag Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Copper Beech Court
Main Road
Woolsington
Newcastle Upon Tyne
Tyne And Wear
NE13 8BL

These financial statements were authorised for issue by the Board on 23 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Jack in the Bag Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 August 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	Not depreciated
Plant and machinery	20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Jack in the Bag Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 August 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 1).

4	Tangible assets

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 29 August 2024	96,972	-	96,972
Additions	59,413	2,156	61,569
At 28 August 2025	156,385	2,156	158,541
Depreciation
Charge for the year	-	238	238
At 28 August 2025	-	238	238
Carrying amount
At 28 August 2025	156,385	1,918	158,303
At 28 August 2024	96,972	-	96,972

Included within the net book value of land and buildings above is £156,385 (2024 - £96,972) in respect of freehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Other debtors	97,807	130,074
	97,807	130,074

Jack in the Bag Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 August 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	274,777	233,361
Taxation and social security	112,536	87,509
Accruals and deferred income	56,486	56,502
Other creditors	159,647	266,652
	603,446	644,024