1 1 J Consulting Limited 07268792 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is employment agency Digita Accounts Production Advanced 6.30.9574.0 true 07268792 2023-07-01 2024-06-30 07268792 2024-06-30 07268792 core:RetainedEarningsAccumulatedLosses 2024-06-30 07268792 core:ShareCapital 2024-06-30 07268792 core:CurrentFinancialInstruments 2024-06-30 07268792 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 07268792 core:Non-currentFinancialInstruments 2024-06-30 07268792 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 07268792 core:Goodwill 2024-06-30 07268792 bus:SmallEntities 2023-07-01 2024-06-30 07268792 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07268792 bus:FilletedAccounts 2023-07-01 2024-06-30 07268792 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07268792 bus:RegisteredOffice 2023-07-01 2024-06-30 07268792 bus:Director1 2023-07-01 2024-06-30 07268792 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07268792 bus:Agent1 2023-07-01 2024-06-30 07268792 core:Goodwill 2023-07-01 2024-06-30 07268792 countries:EnglandWales 2023-07-01 2024-06-30 07268792 2023-06-30 07268792 core:Goodwill 2023-06-30 07268792 2022-07-01 2023-06-30 07268792 2023-06-30 07268792 core:RetainedEarningsAccumulatedLosses 2023-06-30 07268792 core:ShareCapital 2023-06-30 07268792 core:CurrentFinancialInstruments 2023-06-30 07268792 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07268792 core:Non-currentFinancialInstruments 2023-06-30 07268792 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 07268792 core:Goodwill 2023-06-30 xbrli:pure iso4217:GBP

Registration number: 07268792

J Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

J Consulting Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

J Consulting Limited

Company Information

Director

Ms Hazel Potts

Registered office

Office 23
Burley Hill Business Centre
Burley Hill
Leeds
LS4 2PU

Accountants

Ian Richards & Co (Leeds) Limited Office 23
Burley Hill Business Centre
Burley Hill
Leeds
LS4 2PU

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
J Consulting Limited
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J Consulting Limited for the year ended 30 June 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of J Consulting Limited, as a body, in accordance with the terms of our engagement letter dated 26 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of J Consulting Limited and state those matters that we have agreed to state to the Board of Directors of J Consulting Limited, as a body, in this report in accordance with
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J Consulting Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that J Consulting Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J Consulting Limited. You consider that J Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of J Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Ian Richards & Co (Leeds) Limited
Office 23
Burley Hill Business Centre
Burley Hill
Leeds
LS4 2PU

26 February 2025

 

J Consulting Limited

(Registration number: 07268792)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1

1

Current assets

 

Debtors

5

77,817

50,157

Cash at bank and in hand

 

8,647

16,190

 

86,464

66,347

Creditors: Amounts falling due within one year

6

(78,756)

(53,152)

Net current assets

 

7,708

13,195

Total assets less current liabilities

 

7,709

13,196

Creditors: Amounts falling due after more than one year

6

(7,044)

(12,628)

Net assets

 

665

568

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

664

567

Shareholders' funds

 

665

568

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 February 2025
 

Ms Hazel Potts

Director

 

J Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Office 23
Burley Hill Business Centre
Burley Hill
Leeds
LS4 2PU
United Kingdom

The principal place of business is:
30 Sandilands Road
Manchester
M23 9JW

These financial statements were authorised for issue by the director on 26 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

J Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

12.5 % on a straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

J Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

J Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2023

22,150

22,150

At 30 June 2024

22,150

22,150

Amortisation

Amortisation charge

22,149

22,149

At 30 June 2024

22,149

22,149

Carrying amount

At 30 June 2024

1

1

At 30 June 2023

1

1

5

Debtors

Current

2024
£

2023
£

Trade debtors

65,455

20,058

Other debtors

12,362

30,099

 

77,817

50,157

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

36,885

7,454

Trade creditors

 

659

3,162

Taxation and social security

 

31,415

22,808

Other creditors

 

9,797

19,728

 

78,756

53,152

 

J Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

7,044

12,628

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

7,044

12,628

Current loans and borrowings

2024
£

2023
£

Bank borrowings

7,454

7,454

Other borrowings

29,431

-

36,885

7,454

Other borrowings

The carrying amount of Factoring Advance at year end is £29,431 (2023 - £Nil).

Factoring advances are secured by a charge over the factored invoices of the company.