Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 05707961 Mr S J Eyre Mrs W M Eyre iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05707961 2023-02-28 05707961 2024-02-29 05707961 2023-03-01 2024-02-29 05707961 frs-core:CurrentFinancialInstruments 2024-02-29 05707961 frs-core:ShareCapital 2024-02-29 05707961 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05707961 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05707961 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 05707961 frs-bus:SmallEntities 2023-03-01 2024-02-29 05707961 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05707961 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05707961 frs-bus:Director1 2023-03-01 2024-02-29 05707961 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 05707961 frs-countries:EnglandWales 2023-03-01 2024-02-29 05707961 2022-02-28 05707961 2023-02-28 05707961 2022-03-01 2023-02-28 05707961 frs-core:CurrentFinancialInstruments 2023-02-28 05707961 frs-core:ShareCapital 2023-02-28 05707961 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 05707961
Joint Premium Finance Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05707961
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 92,953 94,452
Cash at bank and in hand 10,927 5,517
103,880 99,969
Creditors: Amounts Falling Due Within One Year 5 (51,742 ) (57,791 )
NET CURRENT ASSETS (LIABILITIES) 52,138 42,178
TOTAL ASSETS LESS CURRENT LIABILITIES 52,138 42,178
NET ASSETS 52,138 42,178
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 52,038 42,078
SHAREHOLDERS' FUNDS 52,138 42,178
For the year ending 29 February 2024 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 S J Eyre
Director
19th March 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Joint Premium Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05707961 . The registered office is 4 Cross Street , Beeston, Nottingham, NG9 2NX.
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 the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current 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 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: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 92,862 94,361
Prepayments and accrued income 91 91
92,953 94,452
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,315 49,891
Corporation tax 2,336 2,371
Accruals and deferred income 800 550
Director's loan account 5,291 4,979
51,742 57,791
Page 2
Page 3
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3