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Registration number: NI696089

JFZ Limited

trading as JFZ Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

JFZ Limited

trading as JFZ Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Unaudited Financial Statements

6 to 10

 

JFZ Limited

trading as JFZ Limited

Company Information

Director

Jennifer Hynds

Registered office

6 Shore Road
Strangford
Co Down
BT30 7NL

Accountants

KPS Chartered Accountants Chartered Tax Advisers
Registered Auditors
35 Irish Street
Downpatrick
Co. Down
BT30 6BW

 

JFZ Limited

trading as JFZ Limited

Director's Report for the Year Ended 31 March 2025

The report and the financial statements for the year ended 31 March 2025.

Director of the company

The director who held office during the year was as follows:

Jennifer Hynds

Principal activity

The principal activity of the company is provision of consultancy services.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 12 August 2025
 

.........................................
Jennifer Hynds
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
JFZ Limited

trading as JFZ Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JFZ Limited for the year ended 31 March 2025 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in Ireland, we are subject to its ethical and other professional requirements.

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

It is your duty to ensure that JFZ 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 JFZ Limited . You consider that JFZ 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 JFZ 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.

......................................

KPS Chartered Accountants
Chartered Tax Advisers
Registered Auditors
35 Irish Street
Downpatrick
Co. Down
BT30 6BW

12 August 2025

 

JFZ Limited

trading as JFZ Limited

Profit and Loss Account for the Year Ended 31 March 2025

Note

2025
£

2024
£

Turnover

 

44,521

19,179

Gross profit

 

44,521

19,179

Administrative expenses

 

(5,989)

(3,037)

Operating profit

 

38,532

16,142

Other interest receivable and similar income

 

21

2

Interest payable and similar expenses

 

(16)

-

   

5

2

Profit before tax

38,537

16,144

Tax on profit

 

(7,274)

(3,067)

Profit for the financial year

 

31,263

13,077

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

JFZ Limited

trading as JFZ Limited

(Registration number: NI696089)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

1,400

-

Current assets

 

Cash at bank and in hand

 

26,622

5,152

Creditors: Amounts falling due within one year

5

(10,672)

(4,065)

Net current assets

 

15,950

1,087

Net assets

 

17,350

1,087

Capital and reserves

 

Called up share capital

9

10

10

Retained earnings

17,340

1,077

Shareholders' funds

 

17,350

1,087

For the financial year ending 31 March 2025 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 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 director on 12 August 2025
 

.........................................
Jennifer Hynds
Director

 

JFZ Limited

trading as JFZ Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
6 Shore Road
Strangford
Co Down
BT30 7NL

These financial statements were authorised for issue by the director on 12 August 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.

 

JFZ Limited

trading as JFZ Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:

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.

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.

 

JFZ Limited

trading as JFZ Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

Additions

1,400

1,400

At 31 March 2025

1,400

1,400

Depreciation

Carrying amount

At 31 March 2025

1,400

1,400

 

JFZ Limited

trading as JFZ Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

6

2,678

277

Taxation and social security

 

7,274

3,067

Accruals and deferred income

 

720

720

Other creditors

 

-

1

 

10,672

4,065

6

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

2,678

277

7

Dividends

2025

2024

£

£

Interim dividend of £1,500.00 (2024 - £1,200.00) per ordinary share

15,000

12,000

 

 
 

JFZ Limited

trading as JFZ Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Related party transactions

Transactions with the director

2025

At 1 April 2024
£

Repayments by director
£

At 31 March 2025
£

Directors loan account

277

2,401

2,678

 

2024

At 5 April 2023
£

Repayments by director
£

At 31 March 2024
£

Directors loan account

-

277

277

 

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10