JS Financial Consultants Limited - Accounts to registrar (filleted) - small 18.2

JS Financial Consultants Limited - Accounts to registrar (filleted) - small 18.2

JS FINANCIAL CONSULTANTS LIMITED - Company Information

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REGISTERED NUMBER: 03832456 (England and Wales)
















JS FINANCIAL CONSULTANTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021





CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY








JS FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 03832456)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JS FINANCIAL CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: J.E. Stewart





SECRETARY: Mrs I.W. Gallagher





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





REGISTERED NUMBER: 03832456 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY
Page 1
JS FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 03832456)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,676 2,565

CURRENT ASSETS
Debtors 5 16,148 23,202

CREDITORS
Amounts falling due within one year 6 17,980 24,258
NET CURRENT LIABILITIES (1,832 ) (1,056 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
844
1,509

PROVISIONS FOR LIABILITIES 490 490
NET ASSETS 354 1,019

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 254 919
354 1,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
JS FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 03832456)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2022 and were signed by:





J.E. Stewart - Director


The notes form part of these financial statements

Page 3
JS FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 03832456)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

JS Financial Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 4 continued...
JS FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 03832456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 12,210
Additions 1,004
At 31 December 2021 13,214
DEPRECIATION
At 1 January 2021 9,645
Charge for year 893
At 31 December 2021 10,538
NET BOOK VALUE
At 31 December 2021 2,676
At 31 December 2020 2,565

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,000 1,000
Other debtors 15,148 22,202
16,148 23,202

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 9,800 17,250
Taxation and social security 5,900 4,200
Other creditors 2,280 2,808
17,980 24,258

Page 5 continued...
JS FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 03832456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
£    £   
J.E. Stewart
Balance outstanding at start of year 21,556 22,102
Amounts advanced 36,256 31,639
Amounts repaid (43,298 ) (32,185 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,514 21,556

The loan represents an unsecured, interest free loan repayable on demand.

Page 6