Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 13284242 Mrs Maria Queralt Ferrer Josa Mr Oscar Lopez Ramirez iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13284242 2023-02-28 13284242 2024-02-28 13284242 2023-03-01 2024-02-28 13284242 frs-core:CurrentFinancialInstruments 2024-02-28 13284242 frs-core:Non-currentFinancialInstruments 2024-02-28 13284242 frs-core:PlantMachinery 2024-02-28 13284242 frs-core:PlantMachinery 2023-03-01 2024-02-28 13284242 frs-core:PlantMachinery 2023-02-28 13284242 frs-core:ShareCapital 2024-02-28 13284242 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13284242 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13284242 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13284242 frs-bus:SmallEntities 2023-03-01 2024-02-28 13284242 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13284242 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13284242 frs-bus:Director1 2023-03-01 2024-02-28 13284242 frs-bus:Director2 2023-03-01 2024-02-28 13284242 frs-countries:EnglandWales 2023-03-01 2024-02-28 13284242 2022-02-28 13284242 2023-02-28 13284242 2022-03-01 2023-02-28 13284242 frs-core:CurrentFinancialInstruments 2023-02-28 13284242 frs-core:Non-currentFinancialInstruments 2023-02-28 13284242 frs-core:ShareCapital 2023-02-28 13284242 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13284242
QFJC LTD
Unaudited Financial Statements
For The Year Ended 28 February 2024
Wilkie Randall Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13284242
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 63 158
63 158
CURRENT ASSETS
Stocks 5 12,062 12,687
Debtors 6 1,311 1,660
Cash at bank and in hand 410 2,991
13,783 17,338
Creditors: Amounts Falling Due Within One Year 7 (37,654 ) (23,022 )
NET CURRENT ASSETS (LIABILITIES) (23,871 ) (5,684 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,808 ) (5,526 )
Creditors: Amounts Falling Due After More Than One Year 8 (205,000 ) (205,000 )
NET LIABILITIES (228,808 ) (210,526 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (228,810 ) (210,528 )
SHAREHOLDERS' FUNDS (228,808) (210,526)
Page 1
Page 2
For the year ending 28 February 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 Oscar Lopez Ramirez
Director
15/04/2024
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
QFJC LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13284242 . The registered office is 47 Rivermead Court, Ranelagh Gardens, London, SW6 3RX.
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 straight line over 3 years
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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 285
As at 28 February 2024 285
...CONTINUED
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Page 4
Depreciation
As at 1 March 2023 127
Provided during the period 95
As at 28 February 2024 222
Net Book Value
As at 28 February 2024 63
As at 1 March 2023 158
5. Stocks
2024 2023
£ £
Stock 12,062 12,687
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 211
VAT 1,311 1,449
1,311 1,660
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 3,955 1,799
Directors' loan accounts 33,699 21,223
37,654 23,022
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 205,000 205,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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