Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06450907 2023-04-01 2024-03-31 06450907 2022-04-01 2023-03-31 06450907 2024-03-31 06450907 2023-03-31 06450907 c:Director1 2023-04-01 2024-03-31 06450907 d:OfficeEquipment 2023-04-01 2024-03-31 06450907 d:OfficeEquipment 2024-03-31 06450907 d:OfficeEquipment 2023-03-31 06450907 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06450907 d:CurrentFinancialInstruments 2024-03-31 06450907 d:CurrentFinancialInstruments 2023-03-31 06450907 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06450907 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06450907 d:ShareCapital 2024-03-31 06450907 d:ShareCapital 2023-03-31 06450907 d:RetainedEarningsAccumulatedLosses 2024-03-31 06450907 d:RetainedEarningsAccumulatedLosses 2023-03-31 06450907 c:FRS102 2023-04-01 2024-03-31 06450907 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06450907 c:FullAccounts 2023-04-01 2024-03-31 06450907 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06450907 4 2023-04-01 2024-03-31 06450907 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06450907









JAC CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
JAC CONSULTING LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7


 
JAC CONSULTING LIMITED
REGISTERED NUMBER: 06450907

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
156
208

  
156
208

Current assets
  

Debtors: amounts falling due within one year
 5 
14,575
11,318

Cash at bank and in hand
 6 
785
3,902

  
15,360
15,220

Creditors: amounts falling due within one year
 7 
(1,047)
(2,069)

Net current assets
  
 
 
14,313
 
 
13,151

Total assets less current liabilities
  
14,469
13,359

  

Net assets
  
14,469
13,359


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
14,468
13,358

  
14,469
13,359


Page 1

 
JAC CONSULTING LIMITED
REGISTERED NUMBER: 06450907
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J Cude
Director

Date: 21 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JAC CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

JAC Consulting Limited is a private company, limited by shares, domiciled in England and Wales,
registration number 06450907. The registered office is 16 Conway Gardens, Enfield, Middlesex EN2 9AD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
JAC CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
JAC CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 5

 
JAC CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
2,722



At 31 March 2024

2,722



Depreciation


At 1 April 2023
2,514


Charge for the year on owned assets
52



At 31 March 2024

2,566



Net book value



At 31 March 2024
156



At 31 March 2023
208

Page 6

 
JAC CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,500
500

Other debtors
13,075
10,818

14,575
11,318



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
785
3,902

785
3,902



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
45
45

Corporation tax
102
160

Other creditors
-
364

Accruals and deferred income
900
1,500

1,047
2,069



8.


Transactions with directors

Included in other debtors is an amount of £2,000 owed to the company from the director.
This loan has been repaid in full after the year end.

 
Page 7