Jackson Lockhart Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11067237 (England and Wales)

Jackson Lockhart Ltd

Unaudited financial statements

For the period

16th November 2017 to 30th November 2018

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

6

Directors:

T W Pollack

A H Bateman

Registered office:

97 Yarmouth Road

Norwich

Norfolk

NR7 0HF

Registered number:

11067237 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

97 Yarmouth Road

Norwich

Norfolk

NR7 0HF

Fixed assets

Intangible assets

4

33,000

Investments

5

100

33,100

Current assets

Debtors

6

354

Cash at bank

1,263

1,617

Creditors

Amounts falling due within one year

7

11,571

Net current liabilities

(9,954

)

Total assets less current liabilities

23,146

Creditors

Amounts falling due after more than one year

8

20,000

Net assets

3,146

Capital and reserves

Called up share capital

9

2

Retained earnings

10

3,144

Shareholders' funds

3,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th November 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors on 11th April 2019 and were signed on its behalf by:

T W Pollack - Director

1.	Statutory information

Jackson Lockhart Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at

cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the period end and that are expected to apply to

the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	Employees and directors

The average number of employees during the period was 2 .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

Additions

33,000

At 30th November 2018

33,000

Net book value

At 30th November 2018

33,000

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

Additions

100

At 30th November 2018

100

Net book value

At 30th November 2018

100

6.

Debtors: amounts falling due within one year

£

Other debtors

354

7.

Creditors: amounts falling due within one year

£

Other creditors

11,571

8.

Creditors: amounts falling due after more than one year

£

Other creditors

20,000

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary shares

£1

2

10.

Reserves

Retained

earnings

£

Profit for the period

3,144

At 30th November 2018

3,144

11.	Directors' advances, credits and guarantees

During the year the directors leant the company £30,598 - there are no fixed repayment terms and they have

agreed to defer £20,000 of this as repayable after 1 year.