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 10072090 Mrs Jayne Dennett Mr David Townley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10072090 2023-03-31 10072090 2024-03-31 10072090 2023-04-01 2024-03-31 10072090 frs-core:Non-currentFinancialInstruments 2024-03-31 10072090 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10072090 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 10072090 frs-core:NetGoodwill 2023-04-01 2024-03-31 10072090 frs-core:ShareCapital 2024-03-31 10072090 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10072090 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10072090 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 10072090 frs-bus:SmallEntities 2023-04-01 2024-03-31 10072090 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10072090 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10072090 frs-bus:Director1 2023-04-01 2024-03-31 10072090 frs-bus:Director2 2023-04-01 2024-03-31 10072090 frs-countries:EnglandWales 2023-04-01 2024-03-31 10072090 2022-03-31 10072090 2023-03-31 10072090 2022-04-01 2023-03-31 10072090 frs-core:Non-currentFinancialInstruments 2023-03-31 10072090 frs-core:ShareCapital 2023-03-31 10072090 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10072090
JDT Accountants Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: 10072090
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,809 10,210
Tangible Assets 5 1,952 1,973
8,761 12,183
CURRENT ASSETS
Stocks 5,352 7,021
Debtors 6 9,795 11,360
Cash at bank and in hand 36,357 33,064
51,504 51,445
Creditors: Amounts Falling Due Within One Year (34,597 ) (26,282 )
NET CURRENT ASSETS (LIABILITIES) 16,907 25,163
TOTAL ASSETS LESS CURRENT LIABILITIES 25,668 37,346
PROVISIONS FOR LIABILITIES
Deferred Taxation (434 ) (470 )
NET ASSETS 25,234 36,876
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 25,232 36,874
SHAREHOLDERS' FUNDS 25,234 36,876
Page 1
Page 2
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 Profit and Loss Account and 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
Mr David Townley
Director
4 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
JDT Accountants Limited Registered number 10072090 is a limited by shares company incorporated in England & Wales. The Registered Office is 45 South Mossley Hill Road, Liverpool, L19 3PY.
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 comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to the website. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% reducing balance basis
2.6. 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.
Page 3
Page 4
2.7. Taxation
The corporation 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.
2.8. 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
Page 4
Page 5
4. Intangible Assets
Total
£
Cost
As at 1 April 2023 33,206
As at 31 March 2024 33,206
Amortisation
As at 1 April 2023 22,996
Provided during the period 3,401
As at 31 March 2024 26,397
Net Book Value
As at 31 March 2024 6,809
As at 1 April 2023 10,210
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 4,837
Additions 672
Disposals (183 )
As at 31 March 2024 5,326
Depreciation
As at 1 April 2023 2,864
Provided during the period 651
Disposals (141 )
As at 31 March 2024 3,374
Net Book Value
As at 31 March 2024 1,952
As at 1 April 2023 1,973
6. Debtors
2024 2023
£ £
Due after more than one year
Other debtors 600 600
600 600
Page 5
Page 6
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 6