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Registration number: 04582987

Joule Consultants Limited

trading as Joule Consultants Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Joule Consultants Limited

trading as Joule Consultants Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Joule Consultants Limited

trading as Joule Consultants Ltd

Company Information

Directors

Mr Philip Gerard O'Brien

Mr Paul Arthur Wainwright

Registered office

Beckett House
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

Accountants

Beckett Rawcliffe Limited
Chartered AccountantsUnit 17, Beckett House
Sovereign Court
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

 

Joule Consultants Limited

trading as Joule Consultants Ltd

(Registration number: 04582987)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

16,195

15,315

Current assets

 

Debtors

5

60,785

72,012

Cash at bank and in hand

 

730,859

627,788

 

791,644

699,800

Creditors: Amounts falling due within one year

6

(81,007)

(72,123)

Net current assets

 

710,637

627,677

Net assets

 

726,832

642,992

Capital and reserves

 

Called up share capital

7

6

6

Retained earnings

726,826

642,986

Shareholders' funds

 

726,832

642,992

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 27 February 2025 and signed on its behalf by:
 

.........................................
Mr Philip Gerard O'Brien
Director

   
     
 

Joule Consultants Limited

trading as Joule Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
Beckett House
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX
England

These financial statements were authorised for issue by the Board on 27 February 2025.

The principal places of business are:
14 Stokes Close
Halewood
Liverpool
L26 6BF

AND
87 Common Edge Road
Blackpool
Lancashire
FY4 5AY

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.

 

Joule Consultants Limited

trading as Joule Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on written down value

Fixtures, fittings and equipment

25% on written down value

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.

 

Joule Consultants Limited

trading as Joule Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Joule Consultants Limited

trading as Joule Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Fixtures and fittings
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 January 2024

36,357

30,580

66,937

Additions

-

6,279

6,279

At 31 December 2024

36,357

36,859

73,216

Depreciation

At 1 January 2024

30,891

20,731

51,622

Charge for the year

1,367

4,032

5,399

At 31 December 2024

32,258

24,763

57,021

Carrying amount

At 31 December 2024

4,099

12,096

16,195

At 31 December 2023

5,466

9,849

15,315

5

Debtors

Current

2024
£

2023
£

Trade debtors

60,785

72,012

 

60,785

72,012

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

78,268

69,329

Accruals and deferred income

1,050

1,000

Other creditors

1,689

1,794

81,007

72,123

7

Share capital

Allotted, called up and fully paid shares

 

Joule Consultants Limited

trading as Joule Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

Ordinary A of £1 each

1

1

1

1

Ordinary B of £1 each

1

1

1

1

Ordinary C of £1 each

1

1

1

1

Ordinary D of £1 each

1

1

1

1

6

6

6

6

8

Dividends

2024

2023

£

£

Interim dividend of £61,300 (2023 - £77,800) per ordinary share

61,300

77,800

 

 

Interim dividends paid

2024
£

2023
£

Interim dividend of £36,300.00 (2023 - £30,300.00) per each Ordinary A

36,300

30,300

Interim dividend of £25,000.00 (2023 - £30,000.00) per each Ordinary B

25,000

30,000

Interim dividend of £Nil per each Ordinary C

-

-

Interim dividend of £Nil (2023 - £17,500.00) per each Ordinary D

-

17,500

61,300

77,800

9

Related party transactions

 

Joule Consultants Limited

trading as Joule Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

25,430

19,752

Contributions paid to money purchase schemes

60,000

100,000

85,430

119,752

Dividends paid to directors

2024
£

2023
£

Mr Philip Gerard O'Brien

Dividends

25,000

30,000

 

 

Mr Paul Arthur Wainwright

Dividends

29,300

30,300

 

 

10

Parent and ultimate parent undertaking

The ultimate controlling party is Mr P G O'Brien and Mr P A Wainwright.