Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 08793268 Mr James Law Ms Roisin Murphy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08793268 2022-08-31 08793268 2023-08-31 08793268 2022-09-01 2023-08-31 08793268 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-09-01 2023-08-31 08793268 frs-core:ShareCapital 2023-08-31 08793268 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 08793268 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08793268 frs-bus:AbridgedAccounts 2022-09-01 2023-08-31 08793268 frs-bus:SmallEntities 2022-09-01 2023-08-31 08793268 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08793268 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 08793268 frs-bus:Director1 2022-09-01 2023-08-31 08793268 frs-bus:Director1 2022-08-31 08793268 frs-bus:Director1 2023-08-31 08793268 frs-bus:Director2 2022-09-01 2023-08-31 08793268 frs-countries:EnglandWales 2022-09-01 2023-08-31 08793268 2021-08-31 08793268 2022-08-31 08793268 2021-09-01 2022-08-31 08793268 frs-core:ShareCapital 2022-08-31 08793268 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 08793268
James Law Author Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 08793268
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
1 1
CURRENT ASSETS
Debtors 84,367 97,215
Cash at bank and in hand 934 1,447
85,301 98,662
Creditors: Amounts Falling Due Within One Year (10,943 ) (14,754 )
NET CURRENT ASSETS (LIABILITIES) 74,358 83,908
TOTAL ASSETS LESS CURRENT LIABILITIES 74,359 83,909
NET ASSETS 74,359 83,909
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 74,358 83,908
SHAREHOLDERS' FUNDS 74,359 83,909
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For the year ending 31 August 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr James Law
Director
14/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
James Law Author Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08793268 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
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 represents royalties (including associated advances) earned during the period as per the memorandums of agreement, excluding any value added tax.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Copyrights are initially measured at cost. After initial recognition, copyrights are measured at cost less any accumulated amortisation and any accumulated impairment losses. They have been fully amortised to the profit and loss account in proportion to the expected commercial sales of the literature covered by the assignment of copyright dated 1 September 2014 as follows:
On contract signature with publisher: 40%
After one year - between signature and one year: 30%
After two years - between one and two years: 20%
After three years - between two and three years: 10%
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 years 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.
...CONTINUED
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2.4. Taxation - continued
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 assets reflect 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.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
The average number of persons employed under contracts of service during the year was:  NIL (2022: NIL)
- -
4. Intangible Assets
Total
£
Cost
As at 1 September 2022 10,361
As at 31 August 2023 10,361
Amortisation
As at 1 September 2022 10,360
As at 31 August 2023 10,360
Net Book Value
As at 31 August 2023 1
As at 1 September 2022 1
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5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2022 Amounts advanced Amounts repaid Amounts written off As at 31 August 2023
£ £ £ £ £
Mr James Law 73,724 1,933 (9,040 ) - 66,617
Interest of £1,395 (2022: £1,489) was charged on the above loan at a rate of 2.00%.
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