Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11771560 Mr Stuart Lee Mr S J Lee. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11771560 2023-01-31 11771560 2024-01-31 11771560 2023-02-01 2024-01-31 11771560 frs-core:CurrentFinancialInstruments 2024-01-31 11771560 frs-core:Non-currentFinancialInstruments 2024-01-31 11771560 frs-core:BetweenOneFiveYears 2024-01-31 11771560 frs-core:ComputerEquipment 2024-01-31 11771560 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11771560 frs-core:ComputerEquipment 2023-01-31 11771560 frs-core:FurnitureFittings 2024-01-31 11771560 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11771560 frs-core:FurnitureFittings 2023-01-31 11771560 frs-core:MotorVehicles 2024-01-31 11771560 frs-core:MotorVehicles 2023-02-01 2024-01-31 11771560 frs-core:MotorVehicles 2023-01-31 11771560 frs-core:WithinOneYear 2024-01-31 11771560 frs-core:ShareCapital 2024-01-31 11771560 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11771560 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11771560 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11771560 frs-bus:SmallEntities 2023-02-01 2024-01-31 11771560 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11771560 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11771560 1 2023-02-01 2024-01-31 11771560 frs-bus:Director1 2023-02-01 2024-01-31 11771560 frs-countries:EnglandWales 2023-02-01 2024-01-31 11771560 2022-01-31 11771560 2023-01-31 11771560 2022-02-01 2023-01-31 11771560 frs-core:CurrentFinancialInstruments 2023-01-31 11771560 frs-core:Non-currentFinancialInstruments 2023-01-31 11771560 frs-core:BetweenOneFiveYears 2023-01-31 11771560 frs-core:WithinOneYear 2023-01-31 11771560 frs-core:ShareCapital 2023-01-31 11771560 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11771560
JTOMM Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Clouders (Audit & Accounts) Ltd
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11771560
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 77,734 68,432
77,734 68,432
CURRENT ASSETS
Debtors 5 209,795 1,451
Cash at bank and in hand 37 23,784
209,832 25,235
Creditors: Amounts Falling Due Within One Year 6 (136,046 ) (49,846 )
NET CURRENT ASSETS (LIABILITIES) 73,786 (24,611 )
TOTAL ASSETS LESS CURRENT LIABILITIES 151,520 43,821
Creditors: Amounts Falling Due After More Than One Year 7 (71,280 ) (64,785 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,185 ) (1,482 )
NET ASSETS/(LIABILITIES) 75,055 (22,446 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 74,955 (22,546 )
SHAREHOLDERS' FUNDS 75,055 (22,446)
Page 1
Page 2
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 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 Stuart Lee
Director
23/09/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JTOMM Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11771560 . The registered office is Charter House, 103-105 Leigh Road, Leigh-on-Sea, Essex, SS9 1JL.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% on cost
2.4. 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.
Page 3
Page 4
2.5. 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.
2.6. 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: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 64,500 2,992 6,347 73,839
Additions 32,910 241 2,338 35,489
As at 31 January 2024 97,410 3,233 8,685 109,328
Depreciation
As at 1 February 2023 2,688 244 2,475 5,407
Provided during the period 23,680 707 1,800 26,187
As at 31 January 2024 26,368 951 4,275 31,594
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 January 2024 71,042 2,282 4,410 77,734
As at 1 February 2023 61,812 2,748 3,872 68,432
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 195,125 -
Other debtors 13,030 1,451
VAT 1,640 -
209,795 1,451
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,489 5,266
Trade creditors 1,183 323
Bank loans and overdrafts 27,210 7,000
Corporation tax 27,726 14,548
Other taxes and social security - 8,655
VAT - 5,660
Other creditors 6,824 5,475
Accrued expenses 2,215 2,734
Director's loan account 61,399 185
136,046 49,846
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 58,447 44,952
Bank loans 12,833 19,833
71,280 64,785
Page 5
Page 6
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,489 5,266
Later than one year and not later than five years 58,447 44,952
67,936 50,218
67,936 50,218
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Post Balance Sheet Events
After the year-end, the company won a court case relating to disputed fees. The value of the settlement is in excess of £150,000 and a provision has been entered accordingly.
11. Related Party Transactions
The company purchases marketing services from TJAM Limited. The director of TJAM Limited is the spouse of the director of this company. During the year, the company paid £2,000 (2023 - £3,000) for these services, none of which remained outstanding at the year-end. 
The company also maintained a loan account with TJAM Limited and £210 remained outstanding at the year end, shown in other creditors (2023 - £359 debtor).
The company maintains a loan account with Southbourne Agencies Limited. The director of JTOMM Limited is a Person of Significant Control in this company. At the year end, £2,674  remained outstanding and is shown in other creditors (2023 - £592 debtor).
The company maintains a loan account with Crowstone Agencies Limited. The director of JTOMM Limited is a Person of Significant Control in this company. At the year end, £12,530 remained outstanding at the year end, shown in other debtors (2023 - £134 creditor).
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr S J Lee.
Page 6