Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
31 December 2024
Director |
Registered Address | |
Registered Number |
Notes | 2024 | 2023 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Intangible assets | 3 | |||||||
Tangible assets | 4 | |||||||
Current assets | ||||||||
Debtors | 5 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 6 | ( | ( | |||||
Net current assets (liabilities) | ( | |||||||
Total assets less current liabilities | ( | |||||||
Creditors amounts falling due after one year | ( | ( | ||||||
Provisions for liabilities | ( | |||||||
Net assets | ( | |||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Profit and loss account | ( | |||||||
Shareholders' funds | ( |
The financial statements were approved and authorised for issue by the Director on 10 January 2025, and are signed on its behalf by: |
Director Registered Company No. 12059528 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Going concern | |
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Revenue from rendering of services | |
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The Company’s revenue recognition policy is in accordance with FRS 102 Section 23 (notably paragraphs 23.3 and 23.7–23.10), which requires that revenue from the provision of services is recognised when (or as) the entity obtains an unconditional right to consideration, or as performance obligations are fulfilled. 1. Nature of Contracts • Clients commit to a minimum 12-month period, payable monthly. • If early termination occurs, the remaining balance of the minimum term (and any renewal term) becomes payable in full under the early-termination provisions. 2. Monthly Revenue Recognition • Revenue is recognised monthly as services are rendered. • Any amounts billed in advance of services being performed are recorded as “Deferred Revenue” until earned. • If services have been performed but not yet invoiced, such amounts may be recognised as “Accrued Income” (a Contract Asset), provided the Company has an unconditional right to receive payment. 3. Future Payments • Although future payments may be contractually guaranteed, they are not recognised as a receivable or recorded as revenue until (a) the related performance obligations have been satisfied, or (b) an early-termination event has occurred, triggered by the client, making the remaining balance of the contract enforceable. As at the reporting date the company had unrealised revenue of £727,274 (2023: £205,000) |
Employee benefits | |
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Foreign currency translation | |
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Intangible assets | |
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Research and development | |
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Tangible fixed assets and depreciation | |
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Straight line (years) | ||
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Land and buildings | ||
Plant and machinery | ||
Fixtures and fittings | ||
Vehicles | ||
Office Equipment |
Finance leases and hire purchase contracts | |
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2. | Average number of employees |
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2024 | 2023 | |||
---|---|---|---|---|
Average number of employees during the year |
3. | Intangible assets |
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Total | ||
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£ | ||
Cost or valuation | ||
At 01 January 24 | ||
Additions | ||
At 31 December 24 | ||
Amortisation and impairment | ||
Charge for year | ||
Net book value | ||
At 31 December 24 | ||
At 31 December 23 |
4. | Tangible fixed assets |
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Total | ||
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£ | ||
Cost or valuation | ||
At 01 January 24 | ||
Additions | ||
At 31 December 24 | ||
Depreciation and impairment | ||
At 01 January 24 | ||
Charge for year | ||
At 31 December 24 | ||
Net book value | ||
At 31 December 24 | ||
At 31 December 23 |
5. | Debtors: amounts due within one year |
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2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
Trade debtors / trade receivables | ||||
Other debtors | ||||
Prepayments and accrued income | ||||
Total |
6. | Creditors: amounts due within one year |
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2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
Trade creditors / trade payables | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
7. | Pension commitments |
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8. | Controlling party |
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Mr. Jay Wilson, who is both the sole Director and sole shareholder of Jaccountancy (UK) Ltd., is considered to be the ultimate controlling party of the Company. |