Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12397055 S C Fleet D M James S Clarke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12397055 2023-03-31 12397055 2024-03-31 12397055 2023-04-01 2024-03-31 12397055 frs-core:Non-currentFinancialInstruments 2024-03-31 12397055 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12397055 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 12397055 frs-core:FurnitureFittings 2023-04-01 2024-03-31 12397055 frs-core:PlantMachinery 2023-04-01 2024-03-31 12397055 frs-core:SharePremium 2024-03-31 12397055 frs-core:ShareCapital 2024-03-31 12397055 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12397055 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12397055 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 12397055 frs-bus:SmallEntities 2023-04-01 2024-03-31 12397055 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12397055 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12397055 frs-core:DeferredTaxation 2023-04-01 2024-03-31 12397055 frs-core:DeferredTaxation 2023-03-31 12397055 frs-core:DeferredTaxation 2024-03-31 12397055 frs-bus:Director1 2023-04-01 2024-03-31 12397055 frs-bus:Director2 2023-04-01 2024-03-31 12397055 frs-bus:Director3 2023-04-01 2024-03-31 12397055 frs-countries:EnglandWales 2023-04-01 2024-03-31 12397055 2022-03-31 12397055 2023-03-31 12397055 2022-04-01 2023-03-31 12397055 frs-core:Non-currentFinancialInstruments 2023-03-31 12397055 frs-core:SharePremium 2023-03-31 12397055 frs-core:ShareCapital 2023-03-31 12397055 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12397055
JockeyCam Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 12397055
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 5 183,648 96,209
Tangible Assets 6 259,142 234,598
442,790 330,807
CURRENT ASSETS
Debtors 295,668 148,033
Cash at bank and in hand 32,441 115,647
328,109 263,680
Creditors: Amounts Falling Due Within One Year (137,601 ) (110,065 )
NET CURRENT ASSETS (LIABILITIES) 190,508 153,615
TOTAL ASSETS LESS CURRENT LIABILITIES 633,298 484,422
Creditors: Amounts Falling Due After More Than One Year (24,074 ) (34,786 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (110,697 ) (82,702 )
NET ASSETS 498,527 366,934
CAPITAL AND RESERVES
Called up share capital 9 3 3
Share premium account 100,000 100,000
Profit and Loss Account 398,524 266,931
SHAREHOLDERS' FUNDS 498,527 366,934
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For the year ending 31 March 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
S C Fleet
Director
24 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
JockeyCam Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12397055 . The registered office is The Studio Station Yard Industrial Estate, Station Road, Chepstow, Monmouthshire, NP16 5PF.
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.
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
  • the requirements of Section 7 Statement of Cash Flows.
The presentation currency of the financial statements is the Pound Sterling (£). 
Preparation of consolidated financial statements 
The financial statements contain information about JockeyCam Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are product development costs. It is amortised to profit and loss account over its estimated economic life of 10 years.
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 10% reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.5. 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.
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2.6. 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.
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.
2.7. 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: 4 (2023: 3)
4 3
4. Prior Period Adjustment
The comparatives have been restated to move product development costs from tangible fixed assets to intangible fixed assets in accordance with FRS 102.
5. Intangible Assets
Total
£
Cost
As at 1 April 2023 111,059
Additions 109,494
Disposals -
As at 31 March 2024 220,553
Amortisation
As at 1 April 2023 14,850
Provided during the period 22,055
Disposals -
As at 31 March 2024 36,905
Net Book Value
As at 31 March 2024 183,648
As at 1 April 2023 96,209
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6. Tangible Assets
Total
£
Cost
As at 1 April 2023 256,960
Additions 59,187
Disposals (17,378 )
As at 31 March 2024 298,769
Depreciation
As at 1 April 2023 22,362
Provided during the period 20,000
Disposals (2,735 )
As at 31 March 2024 39,627
Net Book Value
As at 31 March 2024 259,142
As at 1 April 2023 234,598
7. Investments
The comapny's investments at the Balance Sheet date in the share capital of companies include the following:
Subsidiary
JockeyCam Inc.
Registered office: 1290 Marian Way, Petaluma, CA, 94954, United States of America
Nature of business: Audio visual services
Class of share: Ordinary
Holding: 100%
Aggregate capital and reserves: £151,537 (2023: £nil)
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2023 82,702 82,702
Additions 27,995 27,995
Balance at 31 March 2024 110,697 110,697
9. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 3 3
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