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REGISTERED NUMBER: 08874172 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

NJL CONSULTING (MANCHESTER) LIMITED

NJL CONSULTING (MANCHESTER) LIMITED (REGISTERED NUMBER: 08874172)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NJL CONSULTING (MANCHESTER) LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTORS: Mr N J Lee
Mrs L H Lee
Mr M Saunders





SECRETARY: Miss Y Bowling





REGISTERED OFFICE: Origin, 6th Floor
70 Spring Gardens
Manchester
M2 2BQ





REGISTERED NUMBER: 08874172 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

NJL CONSULTING (MANCHESTER) LIMITED (REGISTERED NUMBER: 08874172)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 76,161
Tangible assets 5 4,428 7,906
Investments 6 - 100
4,428 84,167

CURRENT ASSETS
Debtors 7 336,426 235,639
Cash at bank 37,600 -
374,026 235,639
CREDITORS
Amounts falling due within one year 8 (361,813 ) (287,891 )
NET CURRENT ASSETS/(LIABILITIES) 12,213 (52,252 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,641

31,915

CREDITORS
Amounts falling due after more than one
year

9

(11,715

)

(22,529

)

PROVISIONS FOR LIABILITIES (1,107 ) (1,976 )
NET ASSETS 3,819 7,410

CAPITAL AND RESERVES
Called up share capital 13 273 273
Retained earnings 3,546 7,137
SHAREHOLDERS' FUNDS 3,819 7,410

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

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

The directors acknowledge their 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.

NJL CONSULTING (MANCHESTER) LIMITED (REGISTERED NUMBER: 08874172)

BALANCE SHEET - continued
31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2024 and were signed on its behalf by:





Mr N J Lee - Director


NJL CONSULTING (MANCHESTER) LIMITED (REGISTERED NUMBER: 08874172)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

NJL Consulting (Manchester) Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 08874172. The address of the registered office and principle place of business is Origin, 6th Floor, 70 Spring Gardens, Manchester, M2 2BQ.

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.

Preparation of consolidated financial statements
The financial statements contain information about NJL Consulting (Manchester) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Turnover is recognised on a monthly basis on work completed to date. Unbilled work in respect of work not yet completed is recognised as accrued income within other debtors.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over it expected life, which was initially deemed to be 5 years. With effect from 1 April 2016 the expected life was revised to a total of 10 years; accordingly goodwill is being amortised over the remaining 6 years.

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

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Fixtures and fittings-33% on cost

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


NJL CONSULTING (MANCHESTER) LIMITED (REGISTERED NUMBER: 08874172)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Trade and other debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade and other creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

NJL CONSULTING (MANCHESTER) LIMITED (REGISTERED NUMBER: 08874172)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 1,015,472
AMORTISATION
At 1st April 2023 939,311
Amortisation for year 76,161
At 31st March 2024 1,015,472
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 76,161

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2023 42,068
Additions 2,599
At 31st March 2024 44,667
DEPRECIATION
At 1st April 2023 34,162
Charge for year 6,077
At 31st March 2024 40,239
NET BOOK VALUE
At 31st March 2024 4,428
At 31st March 2023 7,906

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1st April 2023 100
Disposals (100 )
At 31st March 2024 -
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 100

NJL CONSULTING (MANCHESTER) LIMITED (REGISTERED NUMBER: 08874172)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 229,185 120,340
Other debtors 107,241 115,299
336,426 235,639

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 179,797 149,718
Trade creditors 23,552 13,031
Amounts owed to group undertakings - 100
Taxation and social security 119,102 86,433
Other creditors 39,362 38,609
361,813 287,891

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 11,715 22,529

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 169,797 140,511
Bank loans 10,000 9,207
179,797 149,718

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,868 9,437

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,847 13,092

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 14,122 5,458
Between one and five years 20,670 -
34,792 5,458

NJL CONSULTING (MANCHESTER) LIMITED (REGISTERED NUMBER: 08874172)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 169,797 140,511
Bank loans 21,715 31,736
191,512 172,247

The bank overdraft is secured by a fixed and floating charge over the companies assets in respect of Clydesdale Bank plc dated 11 April 2014.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
176 Ordinary £1.00 176 176
97 A Ordinary £1.00 97 97
273 273