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 07606493 Mr Jonathan Salomon Mrs Valerie Salomon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07606493 2023-03-31 07606493 2024-03-31 07606493 2023-04-01 2024-03-31 07606493 frs-core:CurrentFinancialInstruments 2024-03-31 07606493 frs-core:Non-currentFinancialInstruments 2024-03-31 07606493 frs-core:ComputerEquipment 2024-03-31 07606493 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07606493 frs-core:ComputerEquipment 2023-03-31 07606493 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 07606493 frs-core:FurnitureFittings 2024-03-31 07606493 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07606493 frs-core:FurnitureFittings 2023-03-31 07606493 frs-core:NetGoodwill 2024-03-31 07606493 frs-core:NetGoodwill 2023-04-01 2024-03-31 07606493 frs-core:NetGoodwill 2023-03-31 07606493 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 07606493 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07606493 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 07606493 frs-core:OtherResidualIntangibleAssets 2024-03-31 07606493 frs-core:OtherResidualIntangibleAssets 2023-03-31 07606493 frs-core:PlantMachinery 2024-03-31 07606493 frs-core:PlantMachinery 2023-04-01 2024-03-31 07606493 frs-core:PlantMachinery 2023-03-31 07606493 frs-core:RevaluationReserve 2023-03-31 07606493 frs-core:RevaluationReserve 2024-03-31 07606493 frs-core:ShareCapital 2024-03-31 07606493 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07606493 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07606493 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07606493 frs-bus:SmallEntities 2023-04-01 2024-03-31 07606493 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07606493 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07606493 frs-bus:Director1 2023-04-01 2024-03-31 07606493 frs-bus:Director2 2023-04-01 2024-03-31 07606493 frs-countries:EnglandWales 2023-04-01 2024-03-31 07606493 2022-03-31 07606493 2023-03-31 07606493 2022-04-01 2023-03-31 07606493 frs-core:CurrentFinancialInstruments 2023-03-31 07606493 frs-core:Non-currentFinancialInstruments 2023-03-31 07606493 frs-core:RevaluationReserve 2023-03-31 07606493 frs-core:ShareCapital 2023-03-31 07606493 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07606493
Jomoval Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07606493
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 51 51
Tangible Assets 5 162,729 163,223
162,780 163,274
CURRENT ASSETS
Stocks 6 89,632 119,590
Debtors 7 21,417 30,409
Cash at bank and in hand 18,451 28,100
129,500 178,099
Creditors: Amounts Falling Due Within One Year 8 (74,976 ) (104,131 )
NET CURRENT ASSETS (LIABILITIES) 54,524 73,968
TOTAL ASSETS LESS CURRENT LIABILITIES 217,304 237,242
Creditors: Amounts Falling Due After More Than One Year 9 (6,884 ) (11,850 )
NET ASSETS 210,420 225,392
CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Revaluation reserve 11 48,260 48,260
Profit and Loss Account 152,160 167,132
SHAREHOLDERS' FUNDS 210,420 225,392
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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.
On behalf of the board
Mr Jonathan Salomon
Director
18/10/2024
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
Jomoval Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07606493 . The registered office is 23 HIGH STREET, BAGSHOT, GU19 5AF.
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. 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 are Website development.  It is amortised to profit and loss account over its estimated economic life of 4 years.
2.5. 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:
Freehold 5% on cost prior to revaluation
Plant & Machinery 15% on straight line basis
Fixtures & Fittings 15% on straight line basis
Computer Equipment 33% on straight line basis
We have changed the depreciation policy for Freehold Land and Buildings in this year's accounts. The policy was 5% on cost before the property was revalued. Depreciation stopped when the property was revalued. This year we have reversed the depreciation that was previously accounted for.
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.
2.7. 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.
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2.8. 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: 5 (2023: 5)
5 5
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2023 43,356 21,277 64,633
As at 31 March 2024 43,356 21,277 64,633
Amortisation
As at 1 April 2023 43,306 21,276 64,582
As at 31 March 2024 43,306 21,276 64,582
Net Book Value
As at 31 March 2024 50 1 51
As at 1 April 2023 50 1 51
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 156,450 24,197 15,147 7,977 203,771
Additions - 1,641 - - 1,641
Disposals - - - (5,452 ) (5,452 )
As at 31 March 2024 156,450 25,838 15,147 2,525 199,960
Depreciation
As at 1 April 2023 - 17,442 15,142 7,964 40,548
Provided during the period - 2,128 - - 2,128
Disposals - - - (5,445 ) (5,445 )
As at 31 March 2024 - 19,570 15,142 2,519 37,231
Net Book Value
As at 31 March 2024 156,450 6,268 5 6 162,729
As at 1 April 2023 156,450 6,755 5 13 163,223
6. Stocks
2024 2023
£ £
Finished goods 89,632 119,590
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,254 6,106
Prepayments and accrued income 18,147 24,303
Other taxes and social security 16 -
21,417 30,409
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,851 12,775
Bank loans and overdrafts 5,358 5,448
Corporation tax (14 ) 8,954
Other taxes and social security - 165
VAT 4,214 6,571
Other creditors 41 89
Accruals and deferred income 1,532 1,301
Directors' loan accounts 57,994 68,828
74,976 104,131
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,884 11,850
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
11. Reserves
Revaluation Reserve
£
As at 1 April 2023 48,260
As at 31 March 2024 48,260
The property was revalued in 2018 and 2022. It is not thought to have significantly changed since then.
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