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REGISTERED NUMBER: 10598256 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

JIC CONSULTING LIMITED

JIC CONSULTING LIMITED (REGISTERED NUMBER: 10598256)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JIC CONSULTING LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: J Grubb





REGISTERED OFFICE: Caer Gwin
Caerwedros
Llandysul
Ceredigion
SA44 6BW





REGISTERED NUMBER: 10598256 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

JIC CONSULTING LIMITED (REGISTERED NUMBER: 10598256)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,741 8,104

CURRENT ASSETS
Debtors 5 4,357 34,989
Cash at bank 268 8,308
4,625 43,297
CREDITORS
Amounts falling due within one year 6 4,294 19,855
NET CURRENT ASSETS 331 23,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,072

31,546

CREDITORS
Amounts falling due after more than one
year

7

(5,587

)

(7,184

)

PROVISIONS FOR LIABILITIES (1,436 ) (2,026 )
NET (LIABILITIES)/ASSETS (951 ) 22,336

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,051 ) 22,236
(951 ) 22,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

JIC CONSULTING LIMITED (REGISTERED NUMBER: 10598256)

BALANCE SHEET - continued
29 February 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 26 November 2024 and were signed by:





J Grubb - Director


JIC CONSULTING LIMITED (REGISTERED NUMBER: 10598256)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

JIC Consulting Limited 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
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Turnover
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:
Plant and machinery 25% Reducing Balance
Fixtures and fittings 25% Reducing Balance
Computer equipment 25% On Cost

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 taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.
Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

JIC CONSULTING LIMITED (REGISTERED NUMBER: 10598256)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 18,512
Additions 810
At 29 February 2024 19,322
DEPRECIATION
At 1 March 2023 10,408
Charge for year 3,173
At 29 February 2024 13,581
NET BOOK VALUE
At 29 February 2024 5,741
At 28 February 2023 8,104

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 8,440
Other debtors 4,357 26,549
4,357 34,989

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 3,200 3,200
Trade creditors (1 ) 3,051
Taxation and social security - 10,723
Other creditors 1,095 2,881
4,294 19,855

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 4,064 7,184
Other creditors 1,523 -
5,587 7,184