JGT Global Executive Search Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12617657 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

JGT GLOBAL EXECUTIVE SEARCH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T P Ellis

R D Goodall

A J Goodall

M S Thomas

REGISTERED OFFICE:

St Paul's House

23 Park Square

Leeds

West Yorkshire

LS1 2ND

REGISTERED NUMBER:

12617657 (England and Wales)

ACCOUNTANTS:

Sedulo Leeds Limited

St Paul's House

23 Park Square

Leeds

West Yorkshire

LS1 2ND

FIXED ASSETS

Intangible assets

4

1,250

1,750

Tangible assets

5

47,754

692

49,004

2,442

CURRENT ASSETS

Debtors

6

116,784

68,534

Cash at bank

105,910

20,710

222,694

89,244

CREDITORS

Amounts falling due within one year

7

60,836

46,565

NET CURRENT ASSETS

161,858

42,679

TOTAL ASSETS LESS CURRENT LIABILITIES

210,862

45,121

PROVISIONS FOR LIABILITIES

9,038

-

NET ASSETS

201,824

45,121

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

201,724

45,021

SHAREHOLDERS' FUNDS

201,824

45,121

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 directors acknowledge their 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 Board of Directors and authorised for issue on 22 December 2022 and were signed on its behalf by:

R D Goodall - Director

1.	STATUTORY INFORMATION

JGT Global Executive Search 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 principal activity of the company in the year under review was that of recruitment consultants.

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.

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded ti the nearest £1.

At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on a Going Concern basis.

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 four years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 20% on cost

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 5 (2020 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2021

and 31 December 2021

2,000

AMORTISATION

At 1 January 2021

250

Charge for year

500

At 31 December 2021

750

NET BOOK VALUE

At 31 December 2021

1,250

At 31 December 2020

1,750

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

772

Additions

51,229

At 31 December 2021

52,001

DEPRECIATION

At 1 January 2021

80

Charge for year

4,167

At 31 December 2021

4,247

NET BOOK VALUE

At 31 December 2021

47,754

At 31 December 2020

692

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

46,204

46,855

Other debtors

70,580

21,679

116,784

68,534

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade creditors

1,259

4,892

Taxation and social security

59,283

20,937

Other creditors

294

20,736

60,836

46,565

8.	RELATED PARTY DISCLOSURES

Included in other debtors is a balance of £9,549 (2020: £Nil) owed from Harris & Co Executive Search Limited, a company under common control. The loan is interest free with no set terms of repayment.

Included in other debtors is a balance of £33,558 (2020: £20,000 creditor) owed from G&E Partners Holdings Limited, a company under common control. The loan is interest free with no set terms of repayment.

Included in other debtors is a balance of £7,020 and £3,510 owed from the directors M S Thomas and A J Goodall respectively. The loans were repaid after the balance sheet date but before the date of these financial statements.