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Registration number: 07450502

Jefed Consulting Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Jefed Consulting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Jefed Consulting Limited

Company Information

Directors

Mrs Irene Jeffrey

Mr Paul Jeffrey

Registered Number:

07450502

Registered office

54 Arbook Lane
Esher
Surrey
KT10 9EE

Accountants

Ashton Allsop
Chartered Accountants
Thorncroft Manor
Thorncroft Drive
Leatherhead
Surrey
KT22 8JB

 

Jefed Consulting Limited

(Registration number: 07450502)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

82,680

38,095

Current assets

 

Debtors

77,516

356,040

Cash at bank and in hand

 

750,036

613,556

 

827,552

969,596

Creditors: Amounts falling due within one year

(107,381)

(154,354)

Net current assets

 

720,171

815,242

Total assets less current liabilities

 

802,851

853,337

Creditors: Amounts falling due after more than one year

(40,303)

-

Provisions for liabilities

(16,701)

(3,622)

Net assets

 

745,847

849,715

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

745,747

849,615

Shareholders' funds

 

745,847

849,715

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Jefed Consulting Limited

(Registration number: 07450502)
Balance Sheet as at 30 November 2023

Approved and authorised by the Board on 16 April 2024 and signed on its behalf by:
 

.........................................
Mrs Irene Jeffrey
Director

 

Jefed Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
54 Arbook Lane
Esher
Surrey
KT10 9EE
United Kingdom

These financial statements were authorised for issue by the Board on 16 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have reviewed the company's plans for a period of 12 months from the date of signing of the accounts and are satisfied that they can continue to adopt the going concern basis in preparing these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Jefed Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property improvements

20% Straight line

Office Equipment

20% or 25% Straight line

Motor Vehicle

25% Straight Line

 

Jefed Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 3).

 

Jefed Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Property Improvements
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

161,988

45,014

17,534

224,536

Additions

-

5,651

60,690

66,341

At 30 November 2023

161,988

50,665

78,224

290,877

Depreciation

At 1 December 2022

156,904

27,315

2,222

186,441

Charge for the year

4,697

5,484

11,575

21,756

At 30 November 2023

161,601

32,799

13,797

208,197

Carrying amount

At 30 November 2023

387

17,866

64,427

82,680

At 30 November 2022

5,084

17,699

15,312

38,095

5

Debtors

2023
£

2022
£

Trade debtors

72,313

353,230

Prepayments

5,203

2,810

77,516

356,040

 

Jefed Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

10,873

-

Trade creditors

 

13,339

17,229

Other related parties

 

770

3,279

PAYE and NIC

 

-

203

VAT

 

26,160

35,226

Accruals and deferred income

 

21,258

-

Other creditors

 

34,981

98,417

 

107,381

154,354

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

40,303

-

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         
 

Jefed Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

8

Related party transactions

Transactions with directors

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

Loans to Directors

(3,279)

286,338

(283,828)

(770)

         
       

 

2022

At 1 December 2021
£

Advances to director
£

Repayments by director
£

At 30 November 2022
£

Loans to Directors

242

180,831

(184,352)

(3,279)

         
       

 

The loans to directors are unsecured and repayable on demand. Interest is charged on overdrawn balances in line with HMRC guidelines.