Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 04554006 Mr Farzin Atraki Mr Vijaya Nayar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04554006 2022-10-31 04554006 2023-10-31 04554006 2022-11-01 2023-10-31 04554006 frs-core:CurrentFinancialInstruments 2023-10-31 04554006 frs-core:Non-currentFinancialInstruments 2023-10-31 04554006 frs-core:ComputerEquipment 2023-10-31 04554006 frs-core:ComputerEquipment 2022-11-01 2023-10-31 04554006 frs-core:ComputerEquipment 2022-10-31 04554006 frs-core:FurnitureFittings 2023-10-31 04554006 frs-core:FurnitureFittings 2022-11-01 2023-10-31 04554006 frs-core:FurnitureFittings 2022-10-31 04554006 frs-core:PlantMachinery 2023-10-31 04554006 frs-core:PlantMachinery 2022-11-01 2023-10-31 04554006 frs-core:PlantMachinery 2022-10-31 04554006 frs-core:ShareCapital 2023-10-31 04554006 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04554006 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04554006 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 04554006 frs-bus:SmallEntities 2022-11-01 2023-10-31 04554006 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04554006 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04554006 frs-core:ListedExchangeTraded 2023-10-31 04554006 frs-core:ListedExchangeTraded 2022-10-31 04554006 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-10-31 04554006 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-10-31 04554006 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-10-31 04554006 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-10-31 04554006 frs-bus:Director1 2022-11-01 2023-10-31 04554006 frs-bus:Director2 2022-11-01 2023-10-31 04554006 frs-countries:EnglandWales 2022-11-01 2023-10-31 04554006 2021-10-31 04554006 2022-10-31 04554006 2021-11-01 2022-10-31 04554006 frs-core:CurrentFinancialInstruments 2022-10-31 04554006 frs-core:Non-currentFinancialInstruments 2022-10-31 04554006 frs-core:ShareCapital 2022-10-31 04554006 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 04554006
J & L Finance Management Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
TaxAssist Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04554006
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,226 17,591
Investments 5 1,000 1,000
13,226 18,591
CURRENT ASSETS
Debtors 6 48,440 38,305
Cash at bank and in hand 28,189 45,824
76,629 84,129
Creditors: Amounts Falling Due Within One Year 7 (35,134 ) (32,647 )
NET CURRENT ASSETS (LIABILITIES) 41,495 51,482
TOTAL ASSETS LESS CURRENT LIABILITIES 54,721 70,073
Creditors: Amounts Falling Due After More Than One Year 8 (52,650 ) (67,994 )
NET ASSETS 2,071 2,079
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,971 1,979
SHAREHOLDERS' FUNDS 2,071 2,079
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For the year ending 31 October 2023 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 Farzin Atraki
Director
27/03/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
J & L Finance Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04554006 . The registered office is 191 Shirley Road, Shirley, Southampton, Hampshire, SO15 3FG.
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 and from the rendering of services. 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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 5)
4 5
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 14,940 17,131 8,567 40,638
As at 31 October 2023 14,940 17,131 8,567 40,638
Depreciation
As at 1 November 2022 7,470 10,857 4,720 23,047
Provided during the period 1,880 2,109 1,376 5,365
As at 31 October 2023 9,350 12,966 6,096 28,412
Net Book Value
As at 31 October 2023 5,590 4,165 2,471 12,226
As at 1 November 2022 7,470 6,274 3,847 17,591
5. Investments
Listed
£
Cost
As at 1 November 2022 1,000
As at 31 October 2023 1,000
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 1,000
As at 1 November 2022 1,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 48,440 38,305
48,440 38,305
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) (1 )
Bank loans and overdrafts 15,960 15,334
Corporation tax 8,937 6,507
VAT 10,238 10,807
35,134 32,647
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 52,650 67,994
52,650 67,994
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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