Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 04234450 Mrs Jennifer Callen Mrs Carolyn Gore J Callen true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04234450 2022-11-30 04234450 2023-11-30 04234450 2022-12-01 2023-11-30 04234450 frs-core:CurrentFinancialInstruments 2023-11-30 04234450 frs-core:Non-currentFinancialInstruments 2023-11-30 04234450 frs-core:FurnitureFittings 2023-11-30 04234450 frs-core:FurnitureFittings 2022-12-01 2023-11-30 04234450 frs-core:FurnitureFittings 2022-11-30 04234450 frs-core:MotorVehicles 2022-12-01 2023-11-30 04234450 frs-core:PlantMachinery 2023-11-30 04234450 frs-core:PlantMachinery 2022-12-01 2023-11-30 04234450 frs-core:PlantMachinery 2022-11-30 04234450 frs-core:WithinOneYear 2023-11-30 04234450 frs-core:ShareCapital 2023-11-30 04234450 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04234450 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04234450 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 04234450 frs-bus:SmallEntities 2022-12-01 2023-11-30 04234450 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04234450 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 04234450 1 2022-12-01 2023-11-30 04234450 frs-bus:Director1 2022-12-01 2023-11-30 04234450 frs-bus:Director1 2022-11-30 04234450 frs-bus:Director1 2023-11-30 04234450 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 04234450 frs-countries:EnglandWales 2022-12-01 2023-11-30 04234450 2021-11-30 04234450 2022-11-30 04234450 2021-12-01 2022-11-30 04234450 frs-core:CurrentFinancialInstruments 2022-11-30 04234450 frs-core:Non-currentFinancialInstruments 2022-11-30 04234450 frs-core:BetweenOneFiveYears 2022-11-30 04234450 frs-core:PlantMachinery 2021-12-01 2022-11-30 04234450 frs-core:WithinOneYear 2022-11-30 04234450 frs-core:ShareCapital 2022-11-30 04234450 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 04234450
Jennychem Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04234450
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 124,651 80,585
124,651 80,585
CURRENT ASSETS
Stocks 5 6,847 -
Debtors 6 821,217 809,741
Cash at bank and in hand 31,026 162,217
859,090 971,958
Creditors: Amounts Falling Due Within One Year 7 (281,975 ) (372,101 )
NET CURRENT ASSETS (LIABILITIES) 577,115 599,857
TOTAL ASSETS LESS CURRENT LIABILITIES 701,766 680,442
Creditors: Amounts Falling Due After More Than One Year 8 - (5,439 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (27,211 ) (15,311 )
NET ASSETS 674,555 659,692
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 674,455 659,592
SHAREHOLDERS' FUNDS 674,555 659,692
Page 1
Page 2
For the year ending 30 November 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 her 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
Mrs Jennifer Callen
Director
22 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Jennychem Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04234450 . The registered office is Canada House, First Floor, 20/20 Business Park, Maidstone, Kent, ME16 0LS.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
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.

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 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. 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.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2022: 14)
25 14
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 129,345 5,632 134,977
Additions 70,234 375 70,609
As at 30 November 2023 199,579 6,007 205,586
Depreciation
As at 1 December 2022 53,856 536 54,392
Provided during the period 25,410 1,133 26,543
As at 30 November 2023 79,266 1,669 80,935
...CONTINUED
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Net Book Value
As at 30 November 2023 120,313 4,338 124,651
As at 1 December 2022 75,489 5,096 80,585
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Plant & Machinery 7,476 9,345
5. Stocks
2023 2022
£ £
Stock 6,847 -
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 51,809 560,300
Prepayments and accrued income 622,420 2,453
674,229 562,753
Due after more than one year
Other debtors 146,988 246,988
821,217 809,741
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,334 3,605
Trade creditors 159,134 215,646
Corporation tax 3,860 42,025
Other taxes and social security 7,887 6,165
VAT 24,155 40,035
Other creditors 32,828 -
Accruals and deferred income 5,857 4,350
Director's loan account 44,920 60,275
281,975 372,101
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 5,439
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9. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,333 9,044
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,924 4,195
Later than one year and not later than five years - 6,620
3,924 10,815
Less: Finance charges allocated to future periods 590 1,771
3,334 9,044
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 27,211 15,311
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
13. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mrs Jennifer Callen 60,275 15,355 - - 44,920
The above loan is unsecured, interest free and repayable on demand, ranks equally with other unsecured creditors of the company.
14. Related Party Transactions
The company has accrued management charges of £531,400 to recognised the share of overhead costs which benefited a soletrade business, which is controlled by the director of the company.
15. Ultimate Controlling Party
The company's ultimate controlling party is J Callen by virtue of her ownership of 100% of the issued share capital in the company.
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