Jigsol Business Solutions Limited Filleted accounts for Companies House (small and micro)
Jigsol Business Solutions Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06342554
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Investments |
7 |
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Current assets
Debtors |
8 |
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Cash at bank and in hand |
– |
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Creditors: amounts falling due within one year |
9 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
10 |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
28 March 2024
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
06342554
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Notes to the Financial Statements |
Year ended 30 December 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Athene House, Suite J, 86 The Broadway, Mill Hill, London, NW7 3TD, United Kingdom.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles |
- |
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Equipment |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
Finance leases and hire purchase contracts
Government grants
Provisions
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
7
(2021:
8
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 31 December 2021 and 30 December 2022 |
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Amortisation |
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At 31 December 2021 and 30 December 2022 |
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Carrying amount |
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At 30 December 2022 |
– |
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At 30 December 2021 |
– |
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6.
Tangible assets
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 31 December 2021 |
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Additions |
– |
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At 30 December 2022 |
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Depreciation |
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At 31 December 2021 |
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Charge for the year |
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At 30 December 2022 |
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Carrying amount |
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At 30 December 2022 |
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At 30 December 2021 |
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7.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 31 December 2021 and 30 December 2022 |
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Impairment |
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At 31 December 2021 and 30 December 2022 |
– |
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Carrying amount |
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At 30 December 2022 |
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At 30 December 2021 |
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8.
Debtors
2022 |
2021 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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9.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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10.
Creditors:
amounts falling due after more than one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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Other creditors |
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11.
Related party transactions
The company directors and shareholders are the ultimate controlling party during the current and previous year. During the accounting period the company incurred expenditure of £56,058 (2021 - £98,394) with Jigsol Limited, a company in which
Mr S M Levy
is a director and shareholder. At the year end the company owed Jigsol Limited £Nil (2021- £20,058). During the accounting period the company incurred expenditure of £15,600 (2021 - £15,600) with CostBoss Limited, a company in which Mr S M Levy
and Mr J Coleman are directors and shareholders. At the year end the company owed CostBoss Limited £Nil (2021-£Nil). The company had received a loan of £63,731 (2021 £70,532) from Jigsol Limited. The loan is interest free and repayable on demand. Mr S M Levy
is director and shareholder of both companies. During the accounting period the company paid dividends of £66,000 (2021 £72,000) to the directors.