J4L Group Limited 11012403 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is Data processing Digita Accounts Production Advanced 6.30.9574.0 true true 11012403 2023-11-01 2024-10-31 11012403 2024-10-31 11012403 bus:OrdinaryShareClass1 2024-10-31 11012403 bus:OrdinaryShareClass2 2024-10-31 11012403 bus:OrdinaryShareClass3 2024-10-31 11012403 bus:OrdinaryShareClass4 2024-10-31 11012403 core:CurrentFinancialInstruments 2024-10-31 11012403 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 11012403 core:FurnitureFittingsToolsEquipment 2024-10-31 11012403 bus:SmallEntities 2023-11-01 2024-10-31 11012403 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 11012403 bus:FilletedAccounts 2023-11-01 2024-10-31 11012403 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11012403 bus:RegisteredOffice 2023-11-01 2024-10-31 11012403 bus:Director1 2023-11-01 2024-10-31 11012403 bus:Director2 2023-11-01 2024-10-31 11012403 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 11012403 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 11012403 bus:OrdinaryShareClass3 2023-11-01 2024-10-31 11012403 bus:OrdinaryShareClass4 2023-11-01 2024-10-31 11012403 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11012403 core:ComputerEquipment 2023-11-01 2024-10-31 11012403 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 11012403 countries:EnglandWales 2023-11-01 2024-10-31 11012403 2023-10-31 11012403 core:FurnitureFittingsToolsEquipment 2023-10-31 11012403 2022-11-01 2023-10-31 11012403 2023-10-31 11012403 bus:OrdinaryShareClass1 2023-10-31 11012403 bus:OrdinaryShareClass2 2023-10-31 11012403 bus:OrdinaryShareClass3 2023-10-31 11012403 bus:OrdinaryShareClass4 2023-10-31 11012403 core:CurrentFinancialInstruments 2023-10-31 11012403 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11012403 core:FurnitureFittingsToolsEquipment 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11012403

J4L Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

J4L Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

J4L Group Limited

Company Information

Directors

A D Boxall

D J Elliot

Registered office

395 Lugtrout Lane
Catherine-de-Barnes
Solihull
West Midlands
B91 2TN

Accountants

Franklin Chartered Accountants
320 Garratt Lane
London
SW18 4EJ

 

J4L Group Limited

(Registration number: 11012403)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,349

97

Current assets

 

Debtors

-

22

Cash at bank and in hand

 

55,515

37,199

 

55,515

37,221

Creditors: Amounts falling due within one year

5

(50,994)

(28,999)

Net current assets

 

4,521

8,222

Total assets less current liabilities

 

5,870

8,319

Provisions for liabilities

(256)

(18)

Net assets

 

5,614

8,301

Capital and reserves

 

Called up share capital

6

106

106

Share premium reserve

744

744

Retained earnings

4,764

7,451

Shareholders' funds

 

5,614

8,301

For the financial year ending 31 October 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

J4L Group Limited

(Registration number: 11012403)
Balance Sheet as at 31 October 2024

Approved and authorised by the Board on 31 March 2025 and signed on its behalf by:
 

.........................................
A D Boxall
Director

 

J4L Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
395 Lugtrout Lane
Catherine-de-Barnes
Solihull
West Midlands
B91 2TN

These financial statements were authorised for issue by the Board on 31 March 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 and deferred 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.

 

J4L Group Limited

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

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

Office equipment

25% straight line

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 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.

 

J4L Group Limited

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

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.

Financial instruments

Classification
The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

 Recognition and measurement
Financial instruments are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

 Impairment
Financial instruments are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

J4L Group Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

406

406

Additions

1,798

1,798

At 31 October 2024

2,204

2,204

Depreciation

At 1 November 2023

309

309

Charge for the year

546

546

At 31 October 2024

855

855

Carrying amount

At 31 October 2024

1,349

1,349

At 31 October 2023

97

97

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

12,067

5,374

Other creditors

38,927

23,625

50,994

28,999

 

J4L Group Limited

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

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

50

50

50

50

Ordinary B of £1 each

50

50

50

50

Ordinary C of £1 each

3

3

3

3

Ordinary D of £1 each

3

3

3

3

106

106

106

106

7

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

-

(15,000)