Caseware UK (AP4) 2022.0.179 2022.0.179 2022-06-302022-06-30consultancy services.true2021-07-01false11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12022567 2021-07-01 2022-06-30 12022567 2020-07-01 2021-06-30 12022567 2022-06-30 12022567 2021-06-30 12022567 c:Director1 2021-07-01 2022-06-30 12022567 d:FurnitureFittings 2021-07-01 2022-06-30 12022567 d:FurnitureFittings 2022-06-30 12022567 d:FurnitureFittings 2021-06-30 12022567 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-07-01 2022-06-30 12022567 d:OfficeEquipment 2021-07-01 2022-06-30 12022567 d:OfficeEquipment 2022-06-30 12022567 d:OfficeEquipment 2021-06-30 12022567 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-07-01 2022-06-30 12022567 d:OwnedOrFreeholdAssets 2021-07-01 2022-06-30 12022567 d:CurrentFinancialInstruments 2022-06-30 12022567 d:CurrentFinancialInstruments 2021-06-30 12022567 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12022567 d:CurrentFinancialInstruments d:WithinOneYear 2021-06-30 12022567 d:ShareCapital 2022-06-30 12022567 d:ShareCapital 2021-06-30 12022567 d:RetainedEarningsAccumulatedLosses 2022-06-30 12022567 d:RetainedEarningsAccumulatedLosses 2021-06-30 12022567 c:OrdinaryShareClass1 2021-07-01 2022-06-30 12022567 c:OrdinaryShareClass1 2022-06-30 12022567 c:OrdinaryShareClass2 2021-07-01 2022-06-30 12022567 c:OrdinaryShareClass2 2022-06-30 12022567 c:OrdinaryShareClass3 2021-07-01 2022-06-30 12022567 c:OrdinaryShareClass3 2022-06-30 12022567 c:FRS102 2021-07-01 2022-06-30 12022567 c:AuditExempt-NoAccountantsReport 2021-07-01 2022-06-30 12022567 c:FullAccounts 2021-07-01 2022-06-30 12022567 c:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 12022567 2 2021-07-01 2022-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12022567









G2JF LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2022

 
G2JF LIMITED
REGISTERED NUMBER: 12022567

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2022


2022

2021
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
864
1,697

Current assets
  

Debtors: amounts falling due within one year
 5 
158,060
50,999

Cash at bank and in hand
 6 
33,750
159,022

  
191,810
210,021

Creditors: amounts falling due within one year
 7 
(62,338)
(68,156)

Net current assets
  
 
 
129,472
 
 
141,865

  

Net assets
  
130,336
143,562


Capital and reserves
  

Called up share capital 
 8 
10
10

Profit and loss account
  
130,326
143,552

  
130,336
143,562


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 November 2023.


A Z Spiers
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
G2JF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

1.


General information

G2JF Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Rushmore, The Warren, Radlett, England, WD7 7DU.
The company specialises in consultancy services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
G2JF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
Straight line
Office equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
G2JF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost


At 1 July 2021
372
2,222
2,594



At 30 June 2022

372
2,222
2,594



Depreciation


At 1 July 2021
186
711
897


Charge for the year
93
740
833



At 30 June 2022

279
1,451
1,730



Net book value



At 30 June 2022
93
771
864



At 30 June 2021
186
1,511
1,697

Page 4

 
G2JF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

5.


Debtors

2022
2021
£
£


Trade debtors
9,341
15,689

Other debtors
148,719
35,310

158,060
50,999



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
33,750
159,022

33,750
159,022



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
56,958
24,654

Other taxation and social security
130
40,502

Accruals and deferred income
5,250
3,000

62,338
68,156



8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



5 Ordinary shares of £1 each
5
5
4 B Ordinary shares of £1 each
4
4
1 C Ordinary share of £1
1
1

10

10

All share classes are separate for the purpose of declaring dividends. The B and C Ordinary shares have no voting entitlement.


Page 5

 
G2JF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

9.


Transactions with directors

Included within other debtors is an amount of £112,237 (2021 - £19,800) due from the director. This is unsecured, accrues interest of 2% and there are no repayment terms.


10.


Related party transactions

Included within other debtors is an amount of £5 (2021 - £9,075) due from a shareholder. There is no interest accruing on this amount and there are no repayment terms.


11.


Controlling party

The controlling party of the company is its director.
 
Page 6