Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08858332 Mr Paul Crook Mr Simon Wilkin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08858332 2023-01-31 08858332 2024-01-31 08858332 2023-02-01 2024-01-31 08858332 frs-core:ComputerEquipment 2024-01-31 08858332 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08858332 frs-core:ComputerEquipment 2023-01-31 08858332 frs-core:MotorVehicles 2024-01-31 08858332 frs-core:MotorVehicles 2023-02-01 2024-01-31 08858332 frs-core:MotorVehicles 2023-01-31 08858332 frs-core:PlantMachinery 2024-01-31 08858332 frs-core:PlantMachinery 2023-02-01 2024-01-31 08858332 frs-core:PlantMachinery 2023-01-31 08858332 frs-core:ShareCapital 2024-01-31 08858332 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08858332 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08858332 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08858332 frs-bus:SmallEntities 2023-02-01 2024-01-31 08858332 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08858332 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08858332 frs-bus:Director1 2023-02-01 2024-01-31 08858332 frs-bus:Director2 2023-02-01 2024-01-31 08858332 frs-countries:EnglandWales 2023-02-01 2024-01-31 08858332 2022-01-31 08858332 2023-01-31 08858332 2022-02-01 2023-01-31 08858332 frs-core:CurrentFinancialInstruments 2023-01-31 08858332 frs-core:ShareCapital 2023-01-31 08858332 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08858332
JAI Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Whyfield Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08858332
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,116 8,086
9,116 8,086
CURRENT ASSETS
Stocks 5 162,000 500,000
Debtors 6 1,659 1,419
Cash at bank and in hand 236,710 16,959
400,369 518,378
Creditors: Amounts Falling Due Within One Year 7 (235,989 ) (623,933 )
NET CURRENT ASSETS (LIABILITIES) 164,380 (105,555 )
TOTAL ASSETS LESS CURRENT LIABILITIES 173,496 (97,469 )
NET ASSETS/(LIABILITIES) 173,496 (97,469 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 173,396 (97,569 )
SHAREHOLDERS' FUNDS 173,496 (97,469)
Page 1
Page 2
For the year ending 31 January 2024 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 Profit and Loss Account.
On behalf of the board
Mr Paul Crook
Director
09/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JAI Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08858332 . The registered office is Whyfield Limited, Ground Floor, Building A , Greencourt , Truro Business Park, TR4 9LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. 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:
Plant & Machinery 3 year straight line
Motor Vehicles 15% reducing balance
Computer Equipment 5 year straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 1,177 23,812 741 25,730
Additions 789 - 637 1,426
As at 31 January 2024 1,966 23,812 1,378 27,156
Depreciation
As at 1 February 2023 515 16,666 463 17,644
Provided during the period 303 - 93 396
As at 31 January 2024 818 16,666 556 18,040
Net Book Value
As at 31 January 2024 1,148 7,146 822 9,116
As at 1 February 2023 662 7,146 278 8,086
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Page 4
5. Stocks
2024 2023
£ £
Stock 162,000 500,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,659 1,419
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 235,989 618,613
Taxation and social security - 5,320
235,989 623,933
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4