Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10849256 Mr Ian Jacobson Mrs Caroline Jacobson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10849256 2022-07-31 10849256 2023-07-31 10849256 2022-08-01 2023-07-31 10849256 frs-core:CurrentFinancialInstruments 2023-07-31 10849256 frs-core:ComputerEquipment 2023-07-31 10849256 frs-core:ComputerEquipment 2022-08-01 2023-07-31 10849256 frs-core:ComputerEquipment 2022-07-31 10849256 frs-core:ShareCapital 2023-07-31 10849256 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10849256 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10849256 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10849256 frs-bus:SmallEntities 2022-08-01 2023-07-31 10849256 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10849256 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10849256 frs-bus:Director1 2022-08-01 2023-07-31 10849256 frs-bus:Director1 2022-07-31 10849256 frs-bus:Director1 2023-07-31 10849256 frs-bus:Director2 2022-08-01 2023-07-31 10849256 frs-countries:EnglandWales 2022-08-01 2023-07-31 10849256 2021-07-31 10849256 2022-07-31 10849256 2021-08-01 2022-07-31 10849256 frs-core:CurrentFinancialInstruments 2022-07-31 10849256 frs-core:ShareCapital 2022-07-31 10849256 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 10849256
IHJ Consultancy Ltd
Financial Statements
For The Year Ended 31 July 2023
One Plus One Ltd
34/36 Fore Street
Bovey Tracey
Devon
TQ13 9AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10849256
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 645 459
645 459
CURRENT ASSETS
Debtors 5 5,625 5,600
Cash at bank and in hand 7,209 10,143
12,834 15,743
Creditors: Amounts Falling Due Within One Year 6 (12,423 ) (11,532 )
NET CURRENT ASSETS (LIABILITIES) 411 4,211
TOTAL ASSETS LESS CURRENT LIABILITIES 1,056 4,670
NET ASSETS 1,056 4,670
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 956 4,570
SHAREHOLDERS' FUNDS 1,056 4,670
Page 1
Page 2
For the year ending 31 July 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 Ian Jacobson
Director
16 April 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
IHJ Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10849256 . The registered office is The Old Temperance House, 34/36 Fore Street, Bovey Tracey, Devon, TQ13 9AE.
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:
Computer Equipment 33.33% straight line
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: 2 (2022: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2022 1,554
Additions 1,058
As at 31 July 2023 2,612
Depreciation
As at 1 August 2022 1,095
Provided during the period 872
As at 31 July 2023 1,967
Net Book Value
As at 31 July 2023 645
As at 1 August 2022 459
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 5,625 5,600
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 689
Corporation tax 8,257 6,430
Accruals and deferred income 1,057 984
Directors' loan accounts 3,109 3,429
12,423 11,532
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Ian Jacobson 3,429 4,624 4,305 - 3,110
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
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2023 2022
£ £
Mr Ian Jacobson 19,500 15,500
Mrs Caroline Jacobson 19,500 15,500
Page 5