JAC - Tech Consultancy Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05210297 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

JAC - TECH CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Cole

SECRETARY:

Mrs L Cole

REGISTERED OFFICE:

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

REGISTERED NUMBER:

05210297 (England and Wales)

ACCOUNTANTS:

Edwards Chartered Accountants

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

FIXED ASSETS

Tangible assets

4

3,369

2,105

CURRENT ASSETS

Debtors

5

-

357

Cash at bank

68,033

92,572

68,033

92,929

CREDITORS

Amounts falling due within one year

6

25,133

39,794

NET CURRENT ASSETS

42,900

53,135

TOTAL ASSETS LESS CURRENT LIABILITIES

46,269

55,240

CREDITORS

Amounts falling due after more than one year

7

(10,833

)

(15,833

)

PROVISIONS FOR LIABILITIES

(640

)

(400

)

NET ASSETS

34,796

39,007

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

34,794

39,005

SHAREHOLDERS' FUNDS

34,796

39,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 22 May 2023 and were signed by:

J A Cole - Director

1.	STATUTORY INFORMATION

JAC - Tech Consultancy 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.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

3,224

1,907

5,131

Additions

2,191

-

2,191

Disposals

-

(1,678

)

(1,678

)

At 31 March 2023

5,415

229

5,644

DEPRECIATION

At 1 April 2022

1,280

1,746

3,026

Charge for year

887

40

927

Eliminated on disposal

-

(1,678

)

(1,678

)

At 31 March 2023

2,167

108

2,275

NET BOOK VALUE

At 31 March 2023

3,248

121

3,369

At 31 March 2022

1,944

161

2,105

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

-

357

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

5,000

5,000

Taxation and social security

18,616

33,027

Other creditors

1,517

1,767

25,133

39,794

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

10,833

15,833

8.	TRANSACTIONS WITH DIRECTORS

During the year, the company voted dividends of £32,000 to the director.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the officers, jointly.