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REGISTERED NUMBER: 02701395 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

JMCL Consulting Ltd

JMCL Consulting Ltd (Registered number: 02701395)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JMCL Consulting Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr J M Michael BSc ACA





SECRETARY: Mrs E M Michael





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
M3 2PJ





REGISTERED NUMBER: 02701395 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

JMCL Consulting Ltd (Registered number: 02701395)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 997 2,047

CURRENT ASSETS
Debtors 5 52,576 89,421
Cash at bank 166,562 243,895
219,138 333,316
CREDITORS
Amounts falling due within one year 6 189,090 173,247
NET CURRENT ASSETS 30,048 160,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,045

162,116

PROVISIONS FOR LIABILITIES 358 580
NET ASSETS 30,687 161,536

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 30,487 161,336
SHAREHOLDERS' FUNDS 30,687 161,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JMCL Consulting Ltd (Registered number: 02701395)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





Mr J M Michael BSc ACA - Director


JMCL Consulting Ltd (Registered number: 02701395)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

JMCL Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Interest
Bank and other interest is recognised in the period in which it was received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Tangible fixed assets are recorded at cost less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

JMCL Consulting Ltd (Registered number: 02701395)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company's financial statements for the year ended 31 March 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 9,074 82,242 91,316
Additions - 686 686
Disposals (8,910 ) (79,821 ) (88,731 )
At 31 March 2024 164 3,107 3,271
DEPRECIATION
At 1 April 2023 9,074 80,195 89,269
Charge for year - 1,080 1,080
Eliminated on disposal (8,910 ) (79,165 ) (88,075 )
At 31 March 2024 164 2,110 2,274
NET BOOK VALUE
At 31 March 2024 - 997 997
At 31 March 2023 - 2,047 2,047

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,256 86,218
Other debtors 2,320 3,203
52,576 89,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 53,747 43,475
Taxation and social security 23,477 35,897
Other creditors 111,866 93,875
189,090 173,247

JMCL Consulting Ltd (Registered number: 02701395)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. RELATED PARTY DISCLOSURES

Included within other creditors is the directors' current account balance amounting to £107,928 (2023: £88,013). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.