0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 15,000 31,565 46,565 3,000 9,313 12,313 34,252 12,000 xbrli:pure xbrli:shares iso4217:GBP 13222278 2022-03-01 2023-02-28 13222278 2023-02-28 13222278 2022-02-28 13222278 2021-02-24 2022-02-28 13222278 2022-02-28 13222278 2021-02-23 13222278 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-01 2023-02-28 13222278 bus:Director1 2022-03-01 2023-02-28 13222278 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-02-28 13222278 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-28 13222278 core:AfterOneYear 2023-02-28 13222278 core:WithinOneYear 2023-02-28 13222278 core:WithinOneYear 2022-02-28 13222278 core:UKTax 2022-03-01 2023-02-28 13222278 core:ShareCapital 2023-02-28 13222278 core:ShareCapital 2022-02-28 13222278 core:RetainedEarningsAccumulatedLosses 2023-02-28 13222278 core:RetainedEarningsAccumulatedLosses 2022-02-28 13222278 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-02-28 13222278 bus:SmallEntities 2022-03-01 2023-02-28 13222278 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 13222278 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 13222278 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13222278 bus:FullAccounts 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 13222278
JOB MGT LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 February 2023
JOB MGT LTD
FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
JOB MGT LTD
STATEMENT OF FINANCIAL POSITION
28 February 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Intangible assets
5
34,252
12,000
CURRENT ASSETS
Debtors
6
647
2,767
Cash at bank and in hand
10,794
1,499
--------
-------
11,441
4,266
CREDITORS: amounts falling due within one year
7
( 4,200)
( 19,349)
--------
--------
NET CURRENT ASSETS/(LIABILITIES)
7,241
( 15,083)
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
41,493
( 3,083)
CREDITORS: amounts falling due after more than one year
8
( 45,059)
--------
-------
NET LIABILITIES
( 3,566)
( 3,083)
--------
-------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 3,567)
( 3,084)
-------
-------
SHAREHOLDER DEFICIT
( 3,566)
( 3,083)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JOB MGT LTD
STATEMENT OF FINANCIAL POSITION (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 28 November 2023 , and are signed on behalf of the board by:
C M Simmons
Director
Company registration number: 13222278
JOB MGT LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 38 Stoneleigh Court, Leeds, LS17 8FN.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Software development costs
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. TAX ON PROFIT/(LOSS)
Major components of tax expense
Period from
Year to
24 Feb 21 to
28 Feb 23
28 Feb 22
£
£
Current tax:
UK current tax expense
2,050
-------
----
Tax on profit/(loss)
2,050
-------
----
5. INTANGIBLE ASSETS
Software development costs
£
Cost
At 1 March 2022
15,000
Additions
31,565
--------
At 28 February 2023
46,565
--------
Amortisation
At 1 March 2022
3,000
Charge for the year
9,313
--------
At 28 February 2023
12,313
--------
Carrying amount
At 28 February 2023
34,252
--------
At 28 February 2022
12,000
--------
6. DEBTORS
2023
2022
£
£
Other debtors
647
2,767
----
-------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
801
18,000
Corporation tax
2,050
Other creditors
1,349
1,349
-------
--------
4,200
19,349
-------
--------
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
45,059
--------
----