Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 05715096 Mr Kevin Shaun Gibson Mr Jonathan Edward Ellis Mr Jonathan Edward Ellis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05715096 2023-02-28 05715096 2024-02-28 05715096 2023-03-01 2024-02-28 05715096 frs-core:Non-currentFinancialInstruments 2024-02-28 05715096 frs-core:OtherReservesSubtotal 2024-02-28 05715096 frs-core:SharePremium 2024-02-28 05715096 frs-core:ShareCapital 2024-02-28 05715096 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 05715096 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 05715096 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 05715096 frs-bus:SmallEntities 2023-03-01 2024-02-28 05715096 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 05715096 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 05715096 frs-bus:Director1 2023-03-01 2024-02-28 05715096 frs-bus:Director2 2023-03-01 2024-02-28 05715096 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 05715096 frs-countries:EnglandWales 2023-03-01 2024-02-28 05715096 2022-02-28 05715096 2023-02-28 05715096 2022-03-01 2023-02-28 05715096 frs-core:Non-currentFinancialInstruments 2023-02-28 05715096 frs-core:OtherReservesSubtotal 2023-02-28 05715096 frs-core:SharePremium 2023-02-28 05715096 frs-core:ShareCapital 2023-02-28 05715096 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 05715096
Jiva Technology Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
CBS Accountants Ltd
Chartered Accountants
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05715096
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 1,307 740
1,307 740
Creditors: Amounts Falling Due Within One Year 4 (2,040 ) (2,040 )
NET CURRENT ASSETS (LIABILITIES) (733 ) (1,300 )
TOTAL ASSETS LESS CURRENT LIABILITIES (733 ) (1,300 )
Creditors: Amounts Falling Due After More Than One Year 5 (1,360,164 ) (1,357,112 )
NET LIABILITIES (1,360,897 ) (1,358,412 )
CAPITAL AND RESERVES
Called up share capital 6 1,197 1,197
Share premium account 1,201,189 1,201,189
Other reserves (7,941 ) (7,941 )
Profit and Loss Account (2,555,342 ) (2,552,857 )
SHAREHOLDERS' FUNDS (1,360,897) (1,358,412)
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For the year ending 28 February 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 Jonathan Edward Ellis
Director
18/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jiva Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05715096 . The registered office is Manor End Scot Lane, Chew Stoke, Bristol, BS40 8UW.
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. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements,estimates and assumptions that affect the amounts reported.These estimates and judgementsare continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.There were no significant judgements or estimations used in the preparation of these accounts.
2.3. Financial Instruments
Basic financial instruments are recognized at amortised cost using the effective interest method.
Other financial instruments are initially measured at fair value, which is normally the transaction price.
Such assets are subsequently carried at fair value and the changes in fair value are recognized in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,040 2,040
5. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 1,360,164 1,357,112
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,197 1,197
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7. Related Party Transactions
The company has loans in the form of debentures from one of the directors, Mr Kevin Gibson.No additional debenture loans were given this year Contracts exist which state the repayment terms to be within 5 years and interest is normally charged at 3% above the Bank of England base rate. however, as the company is currently not trading, the director has agreed to forfeit the interest during the dormant period. The loans are deemed to be shown at fair value being the original value plus the interest charged.
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