J CONSULTING LTD

J CONSULTING LTD

J CONSULTING LTD - Company Information

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J CONSULTING LTD

Company Registration Number:
07268792 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

J CONSULTING LTD

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

J CONSULTING LTD

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 13,150 15,780
Total fixed assets: 13,150 15,780
Current assets
Debtors:   97,914 114,811
Cash at bank and in hand: 22,496 19,293
Total current assets: 120,410 134,104
Creditors: amounts falling due within one year: 3 (131,218) (146,241)
Net current assets (liabilities): (10,808) (12,137)
Total assets less current liabilities: 2,342 3,643
Total net assets (liabilities): 2,342 3,643
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,341 3,642
Shareholders funds: 2,342 3,643

The notes form part of these financial statements

J CONSULTING LTD

Balance sheet statements

For the year ending 30 June 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 March 2019
and signed on behalf of the board by:

Name: Hazel Potts
Status: Director

The notes form part of these financial statements

J CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue recognitionTurnover 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.

Intangible fixed assets and amortisation policy

GoodwillGoodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

J CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Intangible Assets

Total
Cost £
At 01 July 2017 22,150
At 30 June 2018 22,150
Amortisation
At 01 July 2017 6,370
Charge for year 2,630
At 30 June 2018 9,000
Net book value
At 30 June 2018 13,150
At 30 June 2017 15,780

J CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Creditors: amounts falling due within one year note

Trade creditorsTrade 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.