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REGISTERED NUMBER: 07833003 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Jigsaw Business Group Limited

Jigsaw Business Group Limited (Registered number: 07833003)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jigsaw Business Group Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Y Oren
S Spratt
D Stennett
Ms H J Heenan





REGISTERED OFFICE: Jigsaw Group 7-8 Delta Bank Road
Metro Riverside Park
Gateshead
Tyne and Wear
NE11 9DJ





REGISTERED NUMBER: 07833003 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff LLP
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Jigsaw Business Group Limited (Registered number: 07833003)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 74,881 -
Tangible assets 5 12,182 4,468
Investments 6 34,668 34,666
121,731 39,134

CURRENT ASSETS
Debtors 7 1,071,113 1,329,641
Cash at bank and in hand 7,810 8,017
1,078,923 1,337,658
CREDITORS
Amounts falling due within one year 8 868,282 1,018,077
NET CURRENT ASSETS 210,641 319,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,372

358,715

CREDITORS
Amounts falling due after more than one
year

9

216,090

297,500
NET ASSETS 116,282 61,215

CAPITAL AND RESERVES
Called up share capital 11 1,250 1,250
Retained earnings 115,032 59,965
116,282 61,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Jigsaw Business Group Limited (Registered number: 07833003)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 22 November 2023 and were signed on its behalf by:





D Stennett - Director


Jigsaw Business Group Limited (Registered number: 07833003)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Jigsaw Business Group Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Jigsaw Business Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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.


Jigsaw Business Group Limited (Registered number: 07833003)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

Jigsaw Business Group Limited (Registered number: 07833003)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 83,201
At 31 March 2023 83,201
AMORTISATION
Charge for year 8,320
At 31 March 2023 8,320
NET BOOK VALUE
At 31 March 2023 74,881

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 - 7,789 1,057 8,846
Additions 8,195 - - 8,195
At 31 March 2023 8,195 7,789 1,057 17,041
DEPRECIATION
At 1 April 2022 - 3,667 711 4,378
Charge for year - 412 69 481
At 31 March 2023 - 4,079 780 4,859
NET BOOK VALUE
At 31 March 2023 8,195 3,710 277 12,182
At 31 March 2022 - 4,122 346 4,468

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2022 - 34,666 34,666
Additions 2 - 2
At 31 March 2023 2 34,666 34,668
NET BOOK VALUE
At 31 March 2023 2 34,666 34,668
At 31 March 2022 - 34,666 34,666

Jigsaw Business Group Limited (Registered number: 07833003)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 353,112 518,080
Amounts owed by group undertakings 971 -
Amounts owed by associates 514,393 519,770
Other debtors 202,637 291,791
1,071,113 1,329,641

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 90,000 90,000
Trade creditors 338,751 369,698
Taxation and social security 57,795 123,707
Other creditors 381,736 434,672
868,282 1,018,077

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 207,934 297,500
Other creditors 8,156 -
216,090 297,500

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 297,934 387,500

The bank loan is secured by a fixed and floating charge over all the company's assets.

Jigsaw Business Group Limited (Registered number: 07833003)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal value: 2021 2020
£ £

950 Ordinary shares £1 950 950

1,000 Ordinary A shares 10p 100 100

1,000 Ordinary B shares 10p 100 100

1,000 Ordinary D shares 10p 100 100

1,250 1,250

12. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £nil (2022: £8,012)

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company advanced £11,499 to its directors (2022 - £26,920). During the year the directors repaid £12,705 (2022 - £nil) leaving an amount owed to the company at the year end of £48,207 (2022 - £49,413). The loans were made free of interest and are repayable on demand.