Registration number: 03733642

Jackson & Grimes Limited

(Registration number: 03733642)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	6	-	2,528
Current assets
Stocks		-	1,825
Debtors	7	734,658	586,190
Cash at bank and in hand		539,195	146,177
		1,273,853	734,192
Creditors: Amounts falling due within one year	8	(17,781)	(196,563)
Net current assets		1,256,072	537,629
Net assets		1,256,072	540,157
Capital and reserves
Called up share capital		186	186
Capital redemption reserve		54	54
Retained earnings		1,255,832	539,917
Shareholders' funds		1,256,072	540,157

Jackson & Grimes Limited

(Registration number: 03733642)
Balance Sheet as at 28 February 2025

For the financial year ending 28 February 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 Profit and Loss Account.

Approved and authorised by the Board for issue on 18 November 2025 and signed on its behalf by:
 

.........................................

M Jacklin

Director

.........................................

P M Jackson

Director

Jackson & Grimes Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

1	General information

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

The address of its registered office is:
22 St George Street
Stamford
Lincs
PE9 2BU
United Kingdom

The principal place of business is:
22 St George Street
Stamford
Lincs
PE9 2BU
United Kingdom

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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Jackson & Grimes Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

Tangible assets

Tangible assets are stated in the balance sheet 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
Office fixtures and equipment	15% reducing balance
Computer equipment	33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its remaining useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	100% write off in year of acquisition or evenly over expected useful life

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Jackson & Grimes Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 18).

Jackson & Grimes Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	-	2,747

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 March 2024	513,000	513,000
Disposals	(513,000)	(513,000)
At 28 February 2025	-	-
Amortisation
At 1 March 2024	513,000	513,000
Amortisation eliminated on disposals	(513,000)	(513,000)
At 28 February 2025	-	-
Carrying amount
At 28 February 2025	-	-

6	Tangible assets

	Office equipment  £	Computer equipment  £	Total £
Cost or valuation
At 1 March 2024	21,840	11,231	33,071
Disposals	(21,840)	(11,231)	(33,071)
At 28 February 2025	-	-	-
Depreciation
At 1 March 2024	21,020	9,523	30,543
Eliminated on disposal	(21,020)	(9,523)	(30,543)
At 28 February 2025	-	-	-
Carrying amount
At 28 February 2025	-	-	-
At 29 February 2024	820	1,708	2,528

Jackson & Grimes Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	97,403	571,584
Prepayments	-	14,606
Other debtors	637,255	-
	734,658	586,190

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		5,397	25,824
Amounts owed to related parties		-	36,279
Taxation and social security		1,722	63,270
Other creditors		10,662	71,190
		17,781	196,563