2 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC625978 2023-04-01 2024-03-31 SC625978 2024-03-31 SC625978 2023-03-31 SC625978 2022-04-01 2023-03-31 SC625978 2023-03-31 SC625978 2022-03-31 SC625978 bus:Director1 2023-04-01 2024-03-31 SC625978 core:WithinOneYear 2024-03-31 SC625978 core:WithinOneYear 2023-03-31 SC625978 core:ShareCapital 2024-03-31 SC625978 core:ShareCapital 2023-03-31 SC625978 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC625978 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC625978 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 SC625978 core:Non-currentFinancialInstruments 2024-03-31 SC625978 core:Non-currentFinancialInstruments 2023-03-31 SC625978 bus:Director1 2022-03-31 SC625978 bus:Director1 2022-04-01 2023-03-31 SC625978 bus:SmallEntities 2023-04-01 2024-03-31 SC625978 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC625978 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC625978 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC625978 bus:FullAccounts 2023-04-01 2024-03-31 SC625978 core:ComputerEquipment 2024-03-31 SC625978 core:ComputerEquipment 2023-04-01 2024-03-31
Company registration number: SC625978
J L Consultancy Group Limited
Unaudited filleted financial statements
31 March 2024
J L Consultancy Group Limited
Contents
Statement of financial position
Notes to the financial statements
J L Consultancy Group Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 6 22,222 22,222
_______ _______
22,222 22,222
Current assets
Debtors 7 2,750 28
Cash at bank and in hand 128,195 99,885
_______ _______
130,945 99,913
Creditors: amounts falling due
within one year 8 ( 10,362) ( 7,640)
_______ _______
Net current assets 120,583 92,273
_______ _______
Total assets less current liabilities 142,805 114,495
_______ _______
Net assets 142,805 114,495
_______ _______
Capital and reserves
Called up share capital 20 20
Profit and loss account 142,785 114,475
_______ _______
Shareholders funds 142,805 114,495
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 November 2024 , and are signed on behalf of the board by:
John Johnstone
Director
Company registration number: SC625978
J L Consultancy Group Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 43 Kippielaw Road, Easthouses, Dalkeith, Midlothian, EH22 4HZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment and software - 2 Years Staight Line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand includes cash and short term highly liquid investments.
Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Computer equipment and software Total
£ £
Cost
At 1 April 2023 and 31 March 2024 2,721 2,721
_______ _______
Depreciation
At 1 April 2023 and 31 March 2024 2,721 2,721
_______ _______
Carrying amount
At 31 March 2024 - -
_______ _______
At 31 March 2023 - -
_______ _______
6. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 April 2023 and 31 March 2024 22,222 22,222
_______ _______
Impairment
At 1 April 2023 and 31 March 2024 - -
_______ _______
Carrying amount
At 31 March 2024 22,222 22,222
_______ _______
At 31 March 2023 22,222 22,222
_______ _______
7. Debtors
2024 2023
£ £
Trade debtors 2,750 -
Other debtors - 28
_______ _______
2,750 28
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 9,622 6,936
Other creditors 740 704
_______ _______
10,362 7,640
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Amounts repaid Balance o/standing
£ £ £
John Johnstone - - -
_______ _______ _______
2023
Balance brought forward Amounts repaid Balance o/standing
£ £ £
John Johnstone ( 7,397) 7,397 -
_______ _______ _______
Loans from a director are interest free and repayable on demand.