Company Registration No. 04382256 (England and Wales)
Jacksons Accountants (Midlands) Limited
Unaudited accounts
for the year ended 31 March 2025
Jacksons Accountants (Midlands) Limited
Unaudited accounts
Contents
Jacksons Accountants (Midlands) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
120,870
133,354
Inventories
214,289
217,256
Cash at bank and in hand
488,714
314,830
Creditors: amounts falling due within one year
(656,917)
(487,051)
Net current assets
327,701
78,199
Total assets less current liabilities
448,571
211,553
Creditors: amounts falling due after more than one year
(3,333)
(13,333)
Provisions for liabilities
Deferred tax
(6,281)
(6,568)
Net assets
438,957
191,652
Called up share capital
100
100
Profit and loss account
438,857
191,552
Shareholders' funds
438,957
191,652
For the year ending 31 March 2025 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 15 October 2026 and were signed on its behalf by
David McDonald and Guy Weir
Director
Company Registration No. 04382256
Jacksons Accountants (Midlands) Limited
Notes to the Accounts
for the year ended 31 March 2025
Jacksons Accountants (Midlands) Limited is a private company, limited by shares, registered in England and Wales, registration number 04382256. The registered office is Deansfield House, 98 Lancaster Road, Newcastle-under-lyme, Staffordshire, ST5 1DS, United Kingdom.
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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.
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.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial
assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and
impairment losses.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic
life of that asset as follows:
Leasehold improvements - straight line over 25 years
Fixtures, fittings and equipment - 15% per annum reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible
assets, the depreciation is revised prospectively to reflect the new estimates.
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where
such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior
impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable
amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of
assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or
groups of assets.
Jacksons Accountants (Midlands) Limited
Notes to the Accounts
for the year ended 31 March 2025
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is
recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other
comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or
directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax
expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively
enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net
of discounts and Value Added Tax.
Revenue in respect of the supply of services represents the value of services provided under contracts, to the extent that there
is a right to consideration, is recorded at the value of the consideration due. Where a contract has only been partially completed
at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total
contract value.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the
buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated
economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured
reliably.
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.
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that
the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably.
Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and
subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be
required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless
the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the
amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or
loss in the period it arises.
Jacksons Accountants (Midlands) Limited
Notes to the Accounts
for the year ended 31 March 2025
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of
the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing
transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a
similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
221,089
123,666
344,755
At 31 March 2025
221,089
127,993
349,082
At 1 April 2024
122,302
89,099
211,401
Charge for the year
10,977
5,834
16,811
At 31 March 2025
133,279
94,933
228,212
At 31 March 2025
87,810
33,060
120,870
At 31 March 2024
98,787
34,567
133,354
Amounts falling due within one year
Trade debtors
265,753
21,222
Other debtors
15,862
11,942
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Trade creditors
70,133
60,743
Taxes and social security
498,360
309,325
Other creditors
68,560
97,494
7
Creditors: amounts falling due after more than one year
2025
2024
Jacksons Accountants (Midlands) Limited
Notes to the Accounts
for the year ended 31 March 2025
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Transactions with related parties
David Mayer, David McDonald and Guy Weir are related parties by virtue of their directorships of the company.
The directors have provided personal guarantees to Lloyds Bank plc.
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Average number of employees
During the year the average number of employees was 29 (2024: 28).