Acorah Software Products - Accounts Production 15.0.500 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10491413 Mrs Jaswinder Dhillon - Manchanda Mr Keith Manchanda iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10491413 2023-02-28 10491413 2024-02-28 10491413 2023-03-01 2024-02-28 10491413 frs-core:CurrentFinancialInstruments 2024-02-28 10491413 frs-core:Non-currentFinancialInstruments 2024-02-28 10491413 frs-core:BetweenOneFiveYears 2024-02-28 10491413 frs-core:NetGoodwill 2024-02-28 10491413 frs-core:NetGoodwill 2023-03-01 2024-02-28 10491413 frs-core:NetGoodwill 2023-02-28 10491413 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 10491413 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 10491413 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 10491413 frs-core:MotorVehicles 2024-02-28 10491413 frs-core:MotorVehicles 2023-03-01 2024-02-28 10491413 frs-core:MotorVehicles 2023-02-28 10491413 frs-core:PlantMachinery 2024-02-28 10491413 frs-core:PlantMachinery 2023-03-01 2024-02-28 10491413 frs-core:PlantMachinery 2023-02-28 10491413 frs-core:WithinOneYear 2024-02-28 10491413 frs-core:ShareCapital 2024-02-28 10491413 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10491413 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10491413 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10491413 frs-bus:SmallEntities 2023-03-01 2024-02-28 10491413 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10491413 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10491413 frs-bus:Director1 2023-03-01 2024-02-28 10491413 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 10491413 frs-countries:EnglandWales 2023-03-01 2024-02-28 10491413 2022-02-28 10491413 2023-02-28 10491413 2022-03-01 2023-02-28 10491413 frs-core:CurrentFinancialInstruments 2023-02-28 10491413 frs-core:Non-currentFinancialInstruments 2023-02-28 10491413 frs-core:BetweenOneFiveYears 2023-02-28 10491413 frs-core:WithinOneYear 2023-02-28 10491413 frs-core:ShareCapital 2023-02-28 10491413 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10491413
JDM & KM Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10491413
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - (2,638 )
Tangible Assets 5 45,036 46,786
45,036 44,148
CURRENT ASSETS
Stocks 6 600 600
Debtors 7 40,188 40,188
Cash at bank and in hand 5,272 12,953
46,060 53,741
Creditors: Amounts Falling Due Within One Year 8 (10,499 ) (13,030 )
NET CURRENT ASSETS (LIABILITIES) 35,561 40,711
TOTAL ASSETS LESS CURRENT LIABILITIES 80,597 84,859
Creditors: Amounts Falling Due After More Than One Year 9 (62,882 ) (68,642 )
NET ASSETS 17,715 16,217
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 17,713 16,215
SHAREHOLDERS' FUNDS 17,715 16,217
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Jaswinder Dhillon - Manchanda
Director
03/10/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
JDM & KM Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10491413 . The registered office is 107 Winn Road, Lee, London, SE12 9EZ.
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 .... years.
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:
Freehold 0%
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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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.
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: 8 (2023: 8)
8 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 17,696
As at 28 February 2024 17,696
Amortisation
As at 1 March 2023 20,334
Provided during the period (2,638 )
As at 28 February 2024 17,696
Net Book Value
As at 28 February 2024 -
As at 1 March 2023 (2,638 )
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 March 2023 23,288 6,789 65,760 95,837
Additions - - 5,500 5,500
As at 28 February 2024 23,288 6,789 71,260 101,337
...CONTINUED
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Depreciation
As at 1 March 2023 - 6,789 42,262 49,051
Provided during the period - - 7,250 7,250
As at 28 February 2024 - 6,789 49,512 56,301
Net Book Value
As at 28 February 2024 23,288 - 21,748 45,036
As at 1 March 2023 23,288 - 23,498 46,786
6. Stocks
2024 2023
£ £
Stock 600 600
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 188 188
Amounts owed by other participating interests 40,000 40,000
40,188 40,188
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,808 2,808
Corporation tax 714 2,131
VAT 5,002 7,103
Other creditors (1 ) -
Accruals and deferred income 1,976 988
10,499 13,030
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,797 6,977
Other creditors 60,085 61,665
62,882 68,642
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,808 2,808
Later than one year and not later than five years 2,797 6,977
5,605 9,785
5,605 9,785
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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