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Registration number: 08687466

Jay Mac Consult Ltd

trading as Jay Mac Consultants Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Jay Mac Consult Ltd

trading as Jay Mac Consultants Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Jay Mac Consult Ltd

trading as Jay Mac Consultants Ltd

Company Information

Director

Mr Jason Mark McComb

Registered office

CO AIMS
Bridge House
Riverside North
Bewdley
Worcestershire
DY12 1AB

Accountants

AIMS Bridge House
River Side North
Bewdley
Worcestershire
DY12 1AB

 

Jay Mac Consult Ltd

trading as Jay Mac Consultants Ltd

(Registration number: 08687466)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

15,580

15,580

Current assets

 

Debtors

5

12,189

12,189

Cash at bank and in hand

 

49

49

 

12,238

12,238

Creditors: Amounts falling due within one year

6

(27,595)

(27,068)

Net current liabilities

 

(15,357)

(14,830)

Total assets less current liabilities

 

223

750

Creditors: Amounts falling due after more than one year

6

(14,363)

(14,363)

Net liabilities

 

(14,140)

(13,613)

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

(14,142)

(13,615)

Shareholders' deficit

 

(14,140)

(13,613)

For the financial year ending 30 September 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 his 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 18 June 2025
 

.........................................
Mr Jason Mark McComb
Director

 

Jay Mac Consult Ltd

trading as Jay Mac Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
CO AIMS
Bridge House
Riverside North
Bewdley
Worcestershire
DY12 1AB
England

These financial statements were authorised for issue by the director on 18 June 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.

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.

 

Jay Mac Consult Ltd

trading as Jay Mac Consultants Ltd

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

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

Equipment, plant and machinery

15% reducing balane

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.

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.

 

Jay Mac Consult Ltd

trading as Jay Mac Consultants Ltd

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

3

Staff numbers

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

 

Jay Mac Consult Ltd

trading as Jay Mac Consultants Ltd

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

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

9,886

20,000

29,886

At 30 September 2024

9,886

20,000

29,886

Depreciation

At 1 October 2023

2,743

11,563

14,306

At 30 September 2024

2,743

11,563

14,306

Carrying amount

At 30 September 2024

7,143

8,437

15,580

At 30 September 2023

7,143

8,437

15,580

5

Debtors

Current

2024
£

2023
£

Trade debtors

657

657

Other debtors

11,532

11,532

 

12,189

12,189

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

7,514

7,514

Taxation and social security

 

706

706

Accruals and deferred income

 

950

950

Other creditors

 

18,425

17,898

 

27,595

27,068

Creditors: amounts falling due after more than one year

 

Jay Mac Consult Ltd

trading as Jay Mac Consultants Ltd

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

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

14,363

14,363

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

14,363

14,363

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

7,514

7,514