Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07922838 Mr L M Dunne Mr J P Dunne Mrs D Dunne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07922838 2023-01-31 07922838 2024-01-31 07922838 2023-02-01 2024-01-31 07922838 frs-core:CurrentFinancialInstruments 2024-01-31 07922838 frs-core:ComputerEquipment 2024-01-31 07922838 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07922838 frs-core:ComputerEquipment 2023-01-31 07922838 frs-core:ShareCapital 2024-01-31 07922838 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07922838 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07922838 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07922838 frs-bus:SmallEntities 2023-02-01 2024-01-31 07922838 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07922838 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07922838 frs-core:DeferredTaxation 2023-02-01 2024-01-31 07922838 frs-core:DeferredTaxation 2023-01-31 07922838 frs-core:DeferredTaxation 2024-01-31 07922838 frs-bus:Director1 2023-02-01 2024-01-31 07922838 frs-bus:Director2 2023-02-01 2024-01-31 07922838 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 07922838 frs-countries:EnglandWales 2023-02-01 2024-01-31 07922838 2022-01-31 07922838 2023-01-31 07922838 2022-02-01 2023-01-31 07922838 frs-core:CurrentFinancialInstruments 2023-01-31 07922838 frs-core:ShareCapital 2023-01-31 07922838 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07922838
JLD Automation Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07922838
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 654 1,293
654 1,293
CURRENT ASSETS
Debtors 5 20,210 19,356
20,210 19,356
Creditors: Amounts Falling Due Within One Year 6 (138,152 ) (130,660 )
NET CURRENT ASSETS (LIABILITIES) (117,942 ) (111,304 )
TOTAL ASSETS LESS CURRENT LIABILITIES (117,288 ) (110,011 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (124 ) (246 )
NET LIABILITIES (117,412 ) (110,257 )
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account (117,415 ) (110,260 )
SHAREHOLDERS' FUNDS (117,412) (110,257)
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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 L M Dunne
Director
29 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
JLD Automation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07922838 . The registered office is 9-11 Stratford Road, Shirley, Solihull, B90 3LU.
The presentation currency is pounds sterling (£).
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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
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.
2.4. 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:
Computer Equipment 20% on cost
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 5,387
As at 31 January 2024 5,387
Depreciation
As at 1 February 2023 4,094
Provided during the period 639
As at 31 January 2024 4,733
Net Book Value
As at 31 January 2024 654
As at 1 February 2023 1,293
5. Debtors
2024 2023
£ £
Due within one year
Amounts recoverable on contracts 16,750 8,280
Other debtors 832 832
VAT 2,628 10,244
20,210 19,356
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 75,780 75,779
Bank loans and overdrafts 10,241 1,547
Corporation tax 22,120 17,894
Other taxes and social security 498 661
Accruals and deferred income 4,672 4,706
Directors' loan accounts 24,841 30,073
138,152 130,660
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2023 246 246
Deferred taxation (122 ) (122 )
Balance at 31 January 2024 124 124
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr L M Dunne 84,250 62,700
10. Related Party Transactions
The directors both made an interest free loan to the company in the year.  At the 31 January 2024 the loans had balances of £24,658 (2023 £29,883) owed to James Dunne and £183 (2023 £190) owed to Liam Dunne.  Both loans are repayable on demand.
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