Acorah Software Products - Accounts Production 14.6.300 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 01158409 Mr David Cross iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01158409 2022-12-31 01158409 2023-12-31 01158409 2023-01-01 2023-12-31 01158409 frs-core:CurrentFinancialInstruments 2023-12-31 01158409 frs-core:FurnitureFittings 2023-12-31 01158409 frs-core:FurnitureFittings 2023-01-01 2023-12-31 01158409 frs-core:FurnitureFittings 2022-12-31 01158409 frs-core:PlantMachinery 2023-12-31 01158409 frs-core:PlantMachinery 2023-01-01 2023-12-31 01158409 frs-core:PlantMachinery 2022-12-31 01158409 frs-core:ShareCapital 2023-12-31 01158409 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01158409 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01158409 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01158409 frs-bus:SmallEntities 2023-01-01 2023-12-31 01158409 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01158409 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01158409 frs-bus:Director1 2023-01-01 2023-12-31 01158409 frs-countries:EnglandWales 2023-01-01 2023-12-31 01158409 2021-12-31 01158409 2022-12-31 01158409 2022-01-01 2022-12-31 01158409 frs-core:CurrentFinancialInstruments 2022-12-31 01158409 frs-core:ShareCapital 2022-12-31 01158409 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01158409
Jaxpal Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Marlow Proactive
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01158409
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,809 -
15,809 -
CURRENT ASSETS
Stocks 5 273,727 275,625
Debtors 6 1,014,500 990,637
Cash at bank and in hand 709 1,631
1,288,936 1,267,893
Creditors: Amounts Falling Due Within One Year 7 (1,190,469 ) (1,175,653 )
NET CURRENT ASSETS (LIABILITIES) 98,467 92,240
TOTAL ASSETS LESS CURRENT LIABILITIES 114,276 92,240
NET ASSETS 114,276 92,240
CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Profit and Loss Account 104,276 82,240
SHAREHOLDERS' FUNDS 114,276 92,240
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 David Cross
Director
16/07/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jaxpal Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01158409 . The registered office is Holdford Road Witton, Birmingham, West Midlands, B6 7EP.
2. Accounting Policies
2.1. 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. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in repsect of the transaction can be measured reliably.
2.4. 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 15% reducing balance
2.5. Leasing and Hire Purchase Contracts
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
Page 3
Page 4
2.6. 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.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.7. Financial Instruments
The company has decided to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Finanacial assets and liabilites are offset, with the net amounts presented in the financial statement, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilites
Financial liabilites and equity instruments are classifed according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilites classifed as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilites if payment is due withing one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Page 4
Page 5
2.8. Pensions
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2.9. Cash at Bank and In Hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities or three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilites.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 - - -
Additions 18,352 - 18,352
As at 31 December 2023 18,352 - 18,352
Depreciation
As at 1 January 2023 - - -
Provided during the period 2,543 - 2,543
As at 31 December 2023 2,543 - 2,543
Net Book Value
As at 31 December 2023 15,809 - 15,809
As at 1 January 2023 - - -
5. Stocks
2023 2022
£ £
Finished goods 273,727 275,625
Page 5
Page 6
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 316,144 423,250
Amounts owed by group undertakings 698,356 566,952
Other debtors - 435
1,014,500 990,637
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 88,722 281,756
Bank loans and overdrafts 24,167 34,167
Other creditors 294,474 372,167
Taxation and social security 783,106 487,563
1,190,469 1,175,653
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
Page 6