Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09588528 Mr Adam Slough Mrs Caroline Slough iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09588528 2023-01-31 09588528 2024-01-31 09588528 2023-02-01 2024-01-31 09588528 frs-core:CurrentFinancialInstruments 2024-01-31 09588528 frs-core:ComputerEquipment 2024-01-31 09588528 frs-core:ComputerEquipment 2023-02-01 2024-01-31 09588528 frs-core:ComputerEquipment 2023-01-31 09588528 frs-core:FurnitureFittings 2024-01-31 09588528 frs-core:FurnitureFittings 2023-02-01 2024-01-31 09588528 frs-core:FurnitureFittings 2023-01-31 09588528 frs-core:MotorVehicles 2024-01-31 09588528 frs-core:MotorVehicles 2023-02-01 2024-01-31 09588528 frs-core:MotorVehicles 2023-01-31 09588528 frs-core:PlantMachinery 2024-01-31 09588528 frs-core:PlantMachinery 2023-02-01 2024-01-31 09588528 frs-core:PlantMachinery 2023-01-31 09588528 frs-core:WithinOneYear 2024-01-31 09588528 frs-core:ShareCapital 2024-01-31 09588528 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09588528 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09588528 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09588528 frs-bus:SmallEntities 2023-02-01 2024-01-31 09588528 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09588528 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09588528 frs-bus:Director1 2023-02-01 2024-01-31 09588528 frs-bus:Director2 2023-02-01 2024-01-31 09588528 frs-countries:EnglandWales 2023-02-01 2024-01-31 09588528 2022-01-31 09588528 2023-01-31 09588528 2022-02-01 2023-01-31 09588528 frs-core:CurrentFinancialInstruments 2023-01-31 09588528 frs-core:WithinOneYear 2023-01-31 09588528 frs-core:ShareCapital 2023-01-31 09588528 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09588528
JSL Events (Hereford) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09588528
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 148,601 98,777
148,601 98,777
CURRENT ASSETS
Stocks 5 29,409 31,744
Debtors 6 92,758 56,993
Cash at bank and in hand 933,739 1,071,559
1,055,906 1,160,296
Creditors: Amounts Falling Due Within One Year 7 (379,337 ) (465,160 )
NET CURRENT ASSETS (LIABILITIES) 676,569 695,136
TOTAL ASSETS LESS CURRENT LIABILITIES 825,170 793,913
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,952 ) (12,085 )
NET ASSETS 803,218 781,828
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 803,118 781,728
SHAREHOLDERS' FUNDS 803,218 781,828
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For the year ending 31 January 2024 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 Adam Slough
Director
18 September 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
JSL Events (Hereford) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09588528 . The registered office is Village Farm, Allensmore, Hereford, HR2 9AF.
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 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.
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. 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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 7 years straight line
Computer Equipment 3 years straight line
2.4. 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.
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2.5. 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.
2.6. Financial Instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year or on demand are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other operating expenses.

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in nonconvertible preference and non puttable orrdinary shares which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are intially recorded at cost andthereafter at fair value with changes recognised in profit or loss.

Directors loans are recognised at transaction price.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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.
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2.9. 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.
2.10. 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.
2.11. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 5,484 68,100 100,000 750 174,334
Additions - 23,700 50,000 1,723 75,423
Disposals - (2,500 ) - - (2,500 )
As at 31 January 2024 5,484 89,300 150,000 2,473 247,257
Depreciation
As at 1 February 2023 4,496 57,097 13,214 750 75,557
Provided during the period 247 7,604 17,143 271 25,265
Disposals - (2,166 ) - - (2,166 )
As at 31 January 2024 4,743 62,535 30,357 1,021 98,656
Net Book Value
As at 31 January 2024 741 26,765 119,643 1,452 148,601
As at 1 February 2023 988 11,003 86,786 - 98,777
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5. Stocks
2024 2023
£ £
Finished goods 29,409 31,744
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,349 16,262
Prepayments and accrued income 83,067 40,731
Net wages 342 -
92,758 56,993
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 16,576
Corporation tax 1,766 52,030
Other taxes and social security 1,228 1,460
VAT 31,058 35,783
Net wages - 600
Other creditors 965 2,523
Accruals and deferred income 332,320 348,291
Directors' loan accounts 12,000 7,897
379,337 465,160
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 1,453 1,453
1,453 1,453
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