Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03841248 Mr Geoffrey Gysin Mr Hans Holmen Mr Jan Jensen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03841248 2022-12-31 03841248 2023-12-31 03841248 2023-01-01 2023-12-31 03841248 frs-core:CurrentFinancialInstruments 2023-12-31 03841248 frs-core:ComputerEquipment 2023-12-31 03841248 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03841248 frs-core:ComputerEquipment 2022-12-31 03841248 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 03841248 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 03841248 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 03841248 frs-core:FurnitureFittings 2023-12-31 03841248 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03841248 frs-core:FurnitureFittings 2022-12-31 03841248 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 03841248 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03841248 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 03841248 frs-core:PlantMachinery 2023-12-31 03841248 frs-core:PlantMachinery 2023-01-01 2023-12-31 03841248 frs-core:PlantMachinery 2022-12-31 03841248 frs-core:ShareCapital 2023-12-31 03841248 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03841248 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03841248 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03841248 frs-bus:SmallEntities 2023-01-01 2023-12-31 03841248 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03841248 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03841248 frs-bus:Director1 2023-01-01 2023-12-31 03841248 frs-bus:Director2 2023-01-01 2023-12-31 03841248 frs-bus:Director3 2023-01-01 2023-12-31 03841248 frs-countries:EnglandWales 2023-01-01 2023-12-31 03841248 2021-12-31 03841248 2022-12-31 03841248 2022-01-01 2022-12-31 03841248 frs-core:CurrentFinancialInstruments 2022-12-31 03841248 frs-core:ShareCapital 2022-12-31 03841248 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03841248
Jensen Skandinavia Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Muftals Accountancy Ltd
1 Bromley Lane
Chislehurst
BR7 6LH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03841248
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 37,361 61,943
Tangible Assets 5 41,568 4,349
78,929 66,292
CURRENT ASSETS
Stocks 6 214,211 115,574
Debtors 7 368,217 700,388
Cash at bank and in hand 99,174 280,049
681,602 1,096,011
Creditors: Amounts Falling Due Within One Year 8 (1,546,338 ) (1,899,177 )
NET CURRENT ASSETS (LIABILITIES) (864,736 ) (803,166 )
TOTAL ASSETS LESS CURRENT LIABILITIES (785,807 ) (736,874 )
NET LIABILITIES (785,807 ) (736,874 )
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Profit and Loss Account (795,807 ) (746,874 )
SHAREHOLDERS' FUNDS (785,807) (736,874)
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 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 Hans Holmen
Director
10/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jensen Skandinavia Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03841248 . The registered office is 304 Design Centre East Third Floor Chelsea Harbour, Lots Road, London, SW10 0XF.
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
These financial statements have been prepared on a going concern basis
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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.
2.5. 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:
Leasehold 25% straight line
Plant & Machinery 25% straight line
Fixtures & Fittings 25% Straight Line
Computer Equipment 50% Straight line
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.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2022: 9)
10 9
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4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2023 105,386
As at 31 December 2023 105,386
Amortisation
As at 1 January 2023 43,443
Impairment losses 24,582
As at 31 December 2023 68,025
Net Book Value
As at 31 December 2023 37,361
As at 1 January 2023 61,943
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 20,672 11,275 252,562 3,626 288,135
Additions 7,760 - 50,825 - 58,585
As at 31 December 2023 28,432 11,275 303,387 3,626 346,720
Depreciation
As at 1 January 2023 17,651 10,932 252,572 2,631 283,786
Provided during the period 3,103 394 16,874 995 21,366
As at 31 December 2023 20,754 11,326 269,446 3,626 305,152
Net Book Value
As at 31 December 2023 7,678 (51 ) 33,941 - 41,568
As at 1 January 2023 3,021 343 (10 ) 995 4,349
6. Stocks
2023 2022
£ £
Finished goods 214,211 115,574
Page 4
Page 5
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 216,031 543,537
Prepayments and accrued income 25,739 27,697
Other debtors 118,046 118,046
VAT 8,401 4,642
Other taxes and social security - 6,466
368,217 700,388
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 269,067 319,196
Other taxes and social security 7,781 -
Other creditors 133,320 193,811
Accruals and deferred income 97,875 97,875
Amounts owed to other participating interests 1,038,295 1,288,295
1,546,338 1,899,177
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
Page 5