Executive Career Jump Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11305426 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

EXECUTIVE CAREER JUMP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Mr A D Macaskill

Registered office:

112 Stirling Crescent

Hedge End

Southampton

Hampshire

SO30 2AL

Registered number:

11305426 (England and Wales)

Accountants:

M Squared Accounting Ltd

Botley Mills

Mill Hill

Botley

Southampton

Hampshire

SO30 2GB

Fixed assets

Intangible assets

4

1,194

2,466

Tangible assets

5

27,431

2,420

Investments

6

21

21

28,646

4,907

Current assets

Stocks

-

11,900

Debtors

7

720

6,970

Cash at bank

33,889

42,037

34,609

60,907

Creditors

Amounts falling due within one year

8

31,663

34,644

Net current assets

2,946

26,263

Total assets less current liabilities

31,592

31,170

Creditors

Amounts falling due after more than one year

9

(23,867

)

-

Provisions for liabilities

(884

)

(884

)

Net assets

6,841

30,286

Capital and reserves

Called up share capital

100

100

Retained earnings

6,741

30,186

6,841

30,286

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2022 and were signed by:

Mr A D Macaskill - Director

1.	STATUTORY INFORMATION

Executive Career Jump 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2021

and 31 December 2021

6,360

AMORTISATION

At 1 January 2021

3,894

Amortisation for year

1,272

At 31 December 2021

5,166

NET BOOK VALUE

At 31 December 2021

1,194

At 31 December 2020

2,466

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2021

-

4,140

4,140

Additions

34,389

799

35,188

At 31 December 2021

34,389

4,939

39,328

DEPRECIATION

At 1 January 2021

-

1,720

1,720

Charge for year

8,597

1,580

10,177

At 31 December 2021

8,597

3,300

11,897

NET BOOK VALUE

At 31 December 2021

25,792

1,639

27,431

At 31 December 2020

-

2,420

2,420

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2021

and 31 December 2021

21

NET BOOK VALUE

At 31 December 2021

21

At 31 December 2020

21

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

720

6,970

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Hire purchase contracts

3,823

-

Trade creditors

1,558

2,508

Taxation and social security

5,891

17,232

Other creditors

20,391

14,904

31,663

34,644

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Hire purchase contracts

23,867

-

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A D Macaskill.