Company registration number:
for the Year Ended
Jacksons of Preston Limited
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Chartered
Accountants' Report to the
Director
on the Preparation of the Unaudited Statutory Accounts of Jacksons of Preston Limited for the Year Ended 31 May 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jacksons of Preston Limited for the year ended 31 May 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Jacksons of Preston Limited, as a body, in accordance with the terms of our engagement letterdated 12 March 2013. Our work has been undertaken solely to prepare for your approval the accounts of Jacksons of Preston Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jacksons of Preston Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Jacksons of Preston Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jacksons of Preston Limited. You consider that Jacksons of Preston Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Jacksons of Preston Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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MJH Accountants Limited
23 October 2015
The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 7) have been prepared.
Jacksons of Preston Limited
(Registration number: 04189064)
Abbreviated Balance Sheet at 31 May 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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2
Jacksons of Preston Limited
(Registration number: 04189064)
Abbreviated Balance Sheet at 31 May 2015
......... continued
Approved by the director on
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Mr S E Jackson
Director
3
Jacksons of Preston Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and equipment |
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Office equipment |
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Motor vehicles |
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Stock
Jacksons of Preston Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Deferred tax
Hire purchase and leasing
Financial instruments
Pensions
Jacksons of Preston Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 June 2014 |
15,000 |
32,168 |
47,168 |
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Additions |
- |
7,224 |
7,224 |
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At 31 May 2015 |
15,000 |
39,392 |
54,392 |
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Amortisation |
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At 1 June 2014 |
15,000 |
6,954 |
21,954 |
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Charge for the year |
- |
7,020 |
7,020 |
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At 31 May 2015 |
15,000 |
13,974 |
28,974 |
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Net book value |
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At 31 May 2015 |
- |
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At 31 May 2014 |
- |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
17,622 |
23,126 |
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Amounts falling due after more than one year |
15,534 |
18,879 |
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Total secured creditors |
33,156 |
42,005 |
Included in the creditors are the following amounts due after more than five years:
2015
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2014
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After more than five years by instalments |
- |
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Jacksons of Preston Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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