Acorah Software Products - Accounts Production 12.4.002 false true 6 December 2020 31 December 2021 31 December 2021 13065232 Miss Olivia-Grace Beale Mr Joshua Ockerby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13065232 2020-12-05 13065232 2021-12-31 13065232 2020-12-06 2021-12-31 13065232 frs-core:CurrentFinancialInstruments 2021-12-31 13065232 frs-core:CurrentFinancialInstruments 2020-12-06 2021-12-31 13065232 frs-core:Non-currentFinancialInstruments 2021-12-31 13065232 frs-core:Non-currentFinancialInstruments 2020-12-06 2021-12-31 13065232 frs-core:CurrentFinancialInstruments 2020-12-06 2021-12-31 13065232 frs-core:CurrentFinancialInstruments 2021-12-31 13065232 frs-core:AfterOneYear 2020-12-06 2021-12-31 13065232 frs-core:BetweenOneFiveYears 2020-12-06 2021-12-31 13065232 frs-core:BetweenOneFiveYears 2021-12-31 13065232 frs-core:ComputerEquipment 2021-12-31 13065232 frs-core:ComputerEquipment 2020-12-06 2021-12-31 13065232 frs-core:ComputerEquipment 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Registered number: 13065232
J&O Limited
Unaudited Financial Statements
For the Period 6 December 2020 to 31 December 2021
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 13065232
31 December 2021
Notes £ £
FIXED ASSETS
Intangible Assets 3 31,500
Tangible Assets 4 49,912
81,412
CURRENT ASSETS
Stocks 4,950
Debtors 5 679
Cash at bank and in hand 23,010
28,639
Creditors: Amounts Falling Due Within One Year 6 (79,128 )
NET CURRENT ASSETS (LIABILITIES) (50,489 )
TOTAL ASSETS LESS CURRENT LIABILITIES 30,923
Creditors: Amounts Falling Due After More Than One Year 7 (17,917 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,345 )
NET ASSETS 9,661
CAPITAL AND RESERVES
Called up share capital 8 1
Income Statement 9,660
SHAREHOLDERS' FUNDS 9,661
Page 1
Page 2
For the period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Joshua Ockerby
Director
4 August 2022
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Going Concern Disclosure
During the preparation of the financial statements the directors have considered the impact of Coronavirus (COVID 19). As with most businesses there was an impact on operations, customers, suppliers and also staff. The directors utilised the grants and support available from the Government and in doing so took the necessary steps to protect the future of the business. The directors have also assessed the company's viability as a going concern. In that assessment they have considered the future economic outlook within the company's industry post Covid 19, and believe it is appropriate to prepare the accounts on a going concern basis.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of 5 years.
1.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 15% on reducing balance
Fixtures & Fittings 20% on cost
1.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3
3
Page 3
Page 4
3. Intangible Assets
Goodwill
£
Cost
As at 6 December 2020 35,000
As at 31 December 2021 35,000
Amortisation
As at 6 December 2020 -
Provided during the period 3,500
As at 31 December 2021 3,500
Net Book Value
As at 31 December 2021 31,500
As at 6 December 2020 35,000
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 6 December 2020 - - -
Additions 16,500 38,500 55,000
As at 31 December 2021 16,500 38,500 55,000
Depreciation
As at 6 December 2020 - - -
Provided during the period 1,238 3,850 5,088
As at 31 December 2021 1,238 3,850 5,088
Net Book Value
As at 31 December 2021 15,262 34,650 49,912
As at 6 December 2020 - - -
5. Debtors
31 December 2021
£
Due within one year
Other debtors 679
679
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
31 December 2021
£
Trade creditors 1,772
Other creditors 77,345
Taxation and social security 11
79,128
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2021
£
Other creditors 17,917
17,917
8. Share Capital
31 December 2021
Allotted, Called up and fully paid 1
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Land and buildings
31 December 2021
£
Within 1 year 18,500
Between 1 and 5 years 64,750
83,250
10. General Information
J&O Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13065232 . The registered office is Wells Road Business Centre, Unit 3, Wells Road, Ilkley, West Yorkshire, LS29 9JB.

The company changed its registered address from 1 Mitford Cottages, Bolton Abbey, Skipton, BD23 6EY to Wells Road Businesss Centre, Unit 3, Wells Road, Ilkley, West Yorkshire, LS29 9JB on 4 August 2022.

The trading address is 8 The Square, Grassington, Skipton, North Yorkshire, BD23 5AQ.
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