Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04999984 Mr Jonathan Spence Mr Nicholas Kaye Mr Christopher Manners Mr Anthony Minoprio Mr Jonathan Spence iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04999984 2022-12-31 04999984 2023-12-31 04999984 2023-01-01 2023-12-31 04999984 frs-core:CurrentFinancialInstruments 2023-12-31 04999984 frs-core:ComputerEquipment 2023-12-31 04999984 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04999984 frs-core:ComputerEquipment 2022-12-31 04999984 frs-core:FurnitureFittings 2023-12-31 04999984 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04999984 frs-core:FurnitureFittings 2022-12-31 04999984 frs-core:PlantMachinery 2023-12-31 04999984 frs-core:PlantMachinery 2023-01-01 2023-12-31 04999984 frs-core:PlantMachinery 2022-12-31 04999984 frs-core:SharePremium 2023-12-31 04999984 frs-core:ShareCapital 2023-12-31 04999984 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04999984 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04999984 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04999984 frs-bus:SmallEntities 2023-01-01 2023-12-31 04999984 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04999984 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04999984 frs-core:CostValuation 2022-12-31 04999984 frs-core:CostValuation 2023-12-31 04999984 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 04999984 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 04999984 frs-bus:Director1 2023-01-01 2023-12-31 04999984 frs-bus:Director1 2022-12-31 04999984 frs-bus:Director1 2023-12-31 04999984 frs-bus:Director2 2023-01-01 2023-12-31 04999984 frs-bus:Director3 2023-01-01 2023-12-31 04999984 frs-bus:Director4 2023-01-01 2023-12-31 04999984 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04999984 frs-countries:EnglandWales 2023-01-01 2023-12-31 04999984 2021-12-31 04999984 2022-12-31 04999984 2022-01-01 2022-12-31 04999984 frs-core:CurrentFinancialInstruments 2022-12-31 04999984 frs-core:SharePremium 2022-12-31 04999984 frs-core:ShareCapital 2022-12-31 04999984 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04999984
JOHNNO SPENCE CONSULTING LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Andrew Lillingston Limited
13 Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04999984
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,359 20,932
Investments 5 31,506 31,506
51,865 52,438
CURRENT ASSETS
Stocks 6 2,500 2,500
Debtors 7 656,024 777,139
Cash at bank and in hand 461,932 478,367
1,120,456 1,258,006
Creditors: Amounts Falling Due Within One Year 8 (552,225 ) (692,779 )
NET CURRENT ASSETS (LIABILITIES) 568,231 565,227
TOTAL ASSETS LESS CURRENT LIABILITIES 620,096 617,665
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,356 ) (3,843 )
NET ASSETS 615,740 613,822
CAPITAL AND RESERVES
Called up share capital 9 5,025 5,025
Share premium account 87,025 87,025
Profit and Loss Account 523,690 521,772
SHAREHOLDERS' FUNDS 615,740 613,822
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 Jonathan Spence
Director
24/09/2024
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
JOHNNO SPENCE CONSULTING LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04999984 . The registered office is 13 Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA.
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 rendering of services.
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% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on cost
2.4. 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.
2.5. 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 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.
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: 12 (2022: 12)
12 12
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 32,387 9,533 52,177 94,097
Additions 9,114 - - 9,114
Disposals (1,863 ) - - (1,863 )
As at 31 December 2023 39,638 9,533 52,177 101,348
Depreciation
As at 1 January 2023 14,420 8,303 50,442 73,165
Provided during the period 7,235 185 986 8,406
Disposals (582 ) - - (582 )
As at 31 December 2023 21,073 8,488 51,428 80,989
Net Book Value
As at 31 December 2023 18,565 1,045 749 20,359
As at 1 January 2023 17,967 1,230 1,735 20,932
5. Investments
Other
£
Cost
As at 1 January 2023 31,506
As at 31 December 2023 31,506
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 31,506
As at 1 January 2023 31,506
6. Stocks
2023 2022
£ £
Stock 2,500 2,500
Page 4
Page 5
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 230,324 449,688
Prepayments and accrued income 110,545 47,112
Other debtors 1,250 7,427
Corporation tax recoverable assets 61,717 61,717
VAT 27,038 -
Directors' loan accounts 225,150 211,195
656,024 777,139
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 118,609 135,732
Corporation tax 23,633 67,903
Other taxes and social security 76,449 39,850
VAT - 1,382
Other creditors 1,263 1,263
Accruals and deferred income 332,271 446,649
552,225 692,779
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 5,025 5,025
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Jonathan Spence 211,195 13,955 - - 225,150
The above loan is unsecured, interest free and repayable on demand.
11. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid - 25,125
Page 5