Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06924931 2023-01-01 2023-12-31 06924931 2022-01-01 2022-12-31 06924931 2023-12-31 06924931 2022-12-31 06924931 c:Director1 2023-01-01 2023-12-31 06924931 d:MotorVehicles 2023-01-01 2023-12-31 06924931 d:MotorVehicles 2023-12-31 06924931 d:MotorVehicles 2022-12-31 06924931 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06924931 d:Goodwill 2023-12-31 06924931 d:Goodwill 2022-12-31 06924931 d:CurrentFinancialInstruments 2023-12-31 06924931 d:CurrentFinancialInstruments 2022-12-31 06924931 d:Non-currentFinancialInstruments 2023-12-31 06924931 d:Non-currentFinancialInstruments 2022-12-31 06924931 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06924931 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06924931 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06924931 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06924931 d:ShareCapital 2023-12-31 06924931 d:ShareCapital 2022-12-31 06924931 d:RetainedEarningsAccumulatedLosses 2023-12-31 06924931 d:RetainedEarningsAccumulatedLosses 2022-12-31 06924931 c:FRS102 2023-01-01 2023-12-31 06924931 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06924931 c:FullAccounts 2023-01-01 2023-12-31 06924931 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06924931 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 06924931 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 06924931 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 06924931 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 06924931 2 2023-01-01 2023-12-31 06924931 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 06924931 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 06924931









JCTA SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
JCTA SERVICES LIMITED
REGISTERED NUMBER: 06924931

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
27,332
13,617

  
27,332
13,617

Current assets
  

Debtors: amounts falling due within one year
 6 
489,735
436,097

Cash at bank and in hand
 7 
25,005
8,154

  
514,740
444,251

Creditors: amounts falling due within one year
 8 
(23,896)
(25,430)

Net current assets
  
 
 
490,844
 
 
418,821

Total assets less current liabilities
  
518,176
432,438

Creditors: amounts falling due after more than one year
 9 
-
(3,720)

Provisions for liabilities
  

Deferred tax
 11 
(6,833)
(2,587)

  
 
 
(6,833)
 
 
(2,587)

Net assets
  
511,343
426,131


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
511,243
426,031

  
511,343
426,131


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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
JCTA SERVICES LIMITED
REGISTERED NUMBER: 06924931
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 August 2024.






Mr B L Jaffe
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JCTA SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

JCTA Services Limited is a private company, limited by shares, registered in England and Wales, registration number 6924931.  The registered office is Dunn's Hat Factory,106-110 Kentish Town Road, London NW1 9PX .  

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

  
2.3

Other operating income

Other operating income represents partnership income from Jaffe & Co LLP and other income receivable.

 
2.4

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings 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 3

 
JCTA SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

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.

Page 4

 
JCTA SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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:

Motor vehicles
-
25%
straight line basis

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 Income and Retained Earnings.

 
2.8

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.

 
2.9

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.

 
2.10

Creditors

Short term creditors are measured at the transaction price. 

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.12

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.

Page 5

 
JCTA SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including director, during the year was 1 (2022 - 1).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
310,310



At 31 December 2023

310,310



Amortisation


At 1 January 2023
310,310



At 31 December 2023

310,310



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 6

 
JCTA SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 January 2023
21,500


Additions
31,999


Disposals
(21,500)



At 31 December 2023

31,999



Depreciation


At 1 January 2023
7,883


Charge for the year on owned assets
6,907


Disposals
(10,123)



At 31 December 2023

4,667



Net book value



At 31 December 2023
27,332



At 31 December 2022
13,617


6.


Debtors

2023
2022
£
£


Trade debtors
477,133
301,097

Other debtors
12,602
135,000

489,735
436,097


Page 7

 
JCTA SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
25,005
8,154

25,005
8,154



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
20,896
17,118

Obligations under finance lease and hire purchase contracts
-
5,312

Accruals and deferred income
3,000
3,000

23,896
25,430



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
-
3,720

-
3,720



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
-
5,312

Between 1-5 years
-
3,720

-
9,032


11.


Deferred taxation

Page 8

 
JCTA SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
11.Deferred taxation (continued)




2023


£






At beginning of year
(2,587)


Charged to profit or loss
(4,246)



At end of year
(6,833)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(6,833)
(2,587)

(6,833)
(2,587)


12.


Transactions with directors

During the year the company has provided a loan to Mr B L Jaffe, the sole director of the company. At the balance sheet date the amount outstanding amounted to £12,602 (2022: £Nil). Interest amounting to £136 (2022: £nil) was paid on the loan. The maximum amount outstanding during the year in respect of the loan was £12,602 (2022: £nil).

Page 9