Registered number
03607332
JCT Consultancy Limited
Filleted Accounts
30 April 2024
JCT Consultancy Limited
Registered number: 03607332
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 438,940 447,441
Current assets
Debtors 4 117,873 108,952
Cash at bank and in hand 789,374 674,776
907,247 783,728
Creditors: amounts falling due within one year 5 (70,454) (55,671)
Net current assets 836,793 728,057
Total assets less current liabilities 1,275,733 1,175,498
Provisions for liabilities - -
Net assets 1,275,733 1,175,498
Capital and reserves
Called up share capital 50 50
Capital redemption reserve 50 50
Profit and loss account 1,275,633 1,175,398
Shareholders' funds 1,275,733 1,175,498
The directors are 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 directors acknowledge their 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.
P Moore
Director
Approved by the board on 9 January 2025
JCT Consultancy Limited
Notes to the Accounts
for the year ended 30 April 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Leasehold land and buildings 2% straight line
Plant and machinery 25% reducing balance
Grant Income
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 568,109 210,933 - 779,042
Additions - 4,453 - 4,453
At 30 April 2024 568,109 215,386 - 783,495
Depreciation
At 1 May 2023 134,370 197,231 - 331,601
Charge for the year 8,415 4,539 - 12,954
At 30 April 2024 142,785 201,770 - 344,555
Net book value
At 30 April 2024 425,324 13,616 - 438,940
At 30 April 2023 433,739 13,702 - 447,441
4 Debtors 2024 2023
£ £
Trade debtors 112,076 108,655
Other debtors 5,797 297
117,873 108,952
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,076 14,270
Taxation and social security costs 46,066 33,295
Other creditors 16,312 8,106
70,454 55,671
6 Controlling party
At the year end the company was controlled by Mr P J Moore, director.
7 Other information
JCT Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
Linsig House
Deepdale Enterprise Park
Nettleham
Lincolnshire
LN2 2LL
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