2023-01-012023-12-312023-12-31false05066916LJS Global 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LJS Global Limited

Registered Number
05066916
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

LJS Global Limited
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Hugo Nicholas Jacobs
Lucian Snow

Registered Address

Ljs Global Ltd International House
36-38 Cornhill
London
EC3V 3NG

Registered Number

05066916 (England and Wales)
LJS Global Limited
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets432,45143,567
Investments511
32,45243,568
Current assets
Debtors6161,808132,831
Cash at bank and on hand146,471160,751
308,279293,582
Creditors amounts falling due within one year7(59,032)(28,915)
Net current assets (liabilities)249,247264,667
Total assets less current liabilities281,699308,235
Provisions for liabilities8(8,113)-
Net assets273,586308,235
Capital and reserves
Called up share capital7272
Share premium74,97974,979
Other reserves66,45066,450
Profit and loss account132,085166,734
Shareholders' funds273,586308,235
The financial statements were approved and authorised for issue by the Board of Directors on 14 October 2024, and are signed on its behalf by:
Hugo Nicholas Jacobs
Director
Registered Company No. 05066916
LJS Global Limited
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Vehicles4
Office Equipment3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees
Directors working in the company may be full-time but directors are only included in the employee calculation if they are working under a contract of employment.

20232022
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 23100,171100,171
At 31 December 23100,171100,171
Amortisation and impairment
At 01 January 23100,171100,171
At 31 December 23100,171100,171
Net book value
At 31 December 23--
At 31 December 22--
4.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 2341,57740,13712,04493,758
At 31 December 2341,57740,13712,04493,758
Depreciation and impairment
At 01 January 232239,13711,03250,191
Charge for year10,39437534711,116
At 31 December 2310,41639,51211,37961,307
Net book value
At 31 December 2331,16162566532,451
At 31 December 2241,5551,0001,01243,567
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 January 2311
At 31 December 2311
Net book value
At 31 December 2311
At 31 December 2211

Notes

1Other investments other than loans
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables54,75825,679
Amounts owed by group undertakings106,895106,895
Other debtors54-
Prepayments and accrued income101257
Total161,808132,831
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables18,9305,742
Taxation and social security21,44118,699
Other creditors18,6614,474
Total59,03228,915
Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)8,113-
Total8,113-
9.Pension commitments
The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £373 were due to the fund. They are included in other creditors.
10.Related party transactions
The company is controlled by its directors, who collectively exercise overall control. The directors, in the normal course of business, have authority over the company's financial and operating policies. The company holds a 50% share in a U.S.-registered company, which is considered a related party. At the end of the period, the company had made loans totaling £106,895 to this related party, which are interest-free and repayable on demand. At the end of the year, the company received a loan of £13,014 from one of its directors. This loan is interest-free and repayable on demand. During the financial year, the company incurred consultancy charges from a close family member of one of the directors.