Registered number
11351377
UJP CONSULTING LTD
Unaudited Filleted Accounts
31 May 2024
UJP CONSULTING LTD
Registered number: 11351377
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 28,290 33,761
Tangible assets 4 25,455 29,134
53,745 62,895
Current assets
Debtors 5 17,791 14,227
Cash at bank and in hand 14,280 18,704
32,071 32,931
Creditors: amounts falling due within one year 6 (29,950) (33,579)
Net current assets/(liabilities) 2,121 (648)
Net assets 55,866 62,247
Capital and reserves
Called up share capital 3 3
Profit and loss account 55,863 62,244
Shareholders' funds 55,866 62,247
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ursit Patel
Director
Approved by the board on 31 December 2024
UJP CONSULTING LTD
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
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).
Turnover
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 10 years & 33.33% SLM
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Cryptocurrency
Cost
At 1 June 2023 118,655
Additions 7,105
At 31 May 2024 125,760
Amortisation
At 1 June 2023 84,894
Provided during the year 12,576
Impairment -
At 31 May 2024 97,470
Net book value
At 31 May 2024 28,290
At 31 May 2023 33,761
The Cryptocurrency is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 45,973
Additions 1,099
At 31 May 2024 47,072
Depreciation
At 1 June 2023 16,839
Charge for the year 4,778
At 31 May 2024 21,617
Net book value
At 31 May 2024 25,455
At 31 May 2023 29,134
5 Debtors 2024 2023
£ £
Trade debtors 14,225 14,225
Other debtors 3,566 2
17,791 14,227
6 Creditors: amounts falling due within one year 2024 2023
£ £
Directors Loan Account 2,464 795
Corporation tax 24,827 31,584
Other taxes and social security costs 1,399 -
Other creditors 1,260 1,200
29,950 33,579
7 Other information
UJP CONSULTING LTD is a private company limited by shares and incorporated in England. Its registered office is:
5 Clonard Way
Pinner
HA5 4BT
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