Company Registration No. 08146744 (England and Wales)
JLX CONSULTANTS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
LB GROUP
Swift House
Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
UK
CM1 1GU
JLX CONSULTANTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
JLX CONSULTANTS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
205,374
138,511
Current assets
Debtors
5
2,232,975
955,087
Cash at bank and in hand
185,477
1,029,839
2,418,452
1,984,926
Creditors: amounts falling due within one year
6
(471,916)
(406,598)
Net current assets
1,946,536
1,578,328
Total assets less current liabilities
2,151,910
1,716,839
Creditors: amounts falling due after more than one year
7
(17,949)
-
0
Provisions for liabilities
(23,300)
(18,500)
Net assets
2,110,661
1,698,339
Capital and reserves
Called up share capital
8
106
106
Profit and loss reserves
2,110,555
1,698,233
Total equity
2,110,661
1,698,339
JLX CONSULTANTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 24 November 2023 and are signed on its behalf by:
Mrs L Ellis
Director
Company Registration No. 08146744
JLX CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

JLX Consultants Limited is a private company limited by shares incorporated in England and Wales. The registered office is Swift House, Ground Floor, 18 Hoffmanns Way, Chelmsford, Essex, UK, CM1 1GU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Office equipment
20% straight line
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

JLX CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

JLX CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022
304,751
Additions
122,441
At 31 March 2023
427,192
Depreciation and impairment
At 1 April 2022
166,240
Depreciation charged in the year
55,578
At 31 March 2023
221,818
Carrying amount
At 31 March 2023
205,374
At 31 March 2022
138,511
JLX CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,848,016
601,732
Other debtors
384,959
353,355
2,232,975
955,087
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
25,618
141,252
Corporation tax
224,029
149,426
Other taxation and social security
45,629
24,171
Other creditors
176,640
91,749
471,916
406,598
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
17,949
-
0
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
Ordinary B of £1 each
1
1
1
1
Ordinary C of £1 each
1
1
1
1
Ordinary D of £1 each
1
1
1
1
Ordinary E of £1 each
1
1
1
1
Ordinary F of £1 each
1
1
1
1
Ordinary G of £1 each
1
1
1
1
106
106
106
106
2023-03-312022-04-01false24 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMrs L EllisMr J Ellisfalse081467442022-04-012023-03-31081467442023-03-31081467442022-03-3108146744core:OtherPropertyPlantEquipment2023-03-3108146744core:OtherPropertyPlantEquipment2022-03-3108146744core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3108146744core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3108146744core:CurrentFinancialInstruments2023-03-3108146744core:CurrentFinancialInstruments2022-03-3108146744core:Non-currentFinancialInstruments2023-03-3108146744core:Non-currentFinancialInstruments2022-03-3108146744core:ShareCapital2023-03-3108146744core:ShareCapital2022-03-3108146744core:RetainedEarningsAccumulatedLosses2023-03-3108146744core:RetainedEarningsAccumulatedLosses2022-03-3108146744core:ShareCapitalOrdinaryShares2023-03-3108146744core:ShareCapitalOrdinaryShares2022-03-3108146744bus:Director12022-04-012023-03-3108146744core:PlantMachinery2022-04-012023-03-3108146744core:ComputerEquipment2022-04-012023-03-3108146744core:MotorVehicles2022-04-012023-03-31081467442021-04-012022-03-3108146744core:OtherPropertyPlantEquipment2022-03-3108146744core:OtherPropertyPlantEquipment2022-04-012023-03-3108146744core:WithinOneYear2023-03-3108146744core:WithinOneYear2022-03-3108146744bus:PrivateLimitedCompanyLtd2022-04-012023-03-3108146744bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108146744bus:FRS1022022-04-012023-03-3108146744bus:AuditExemptWithAccountantsReport2022-04-012023-03-3108146744bus:Director22022-04-012023-03-3108146744bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP