Acorah Software Products - Accounts Production 14.6.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09600172 John Bearman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09600172 2023-01-31 09600172 2024-01-31 09600172 2023-02-01 2024-01-31 09600172 frs-core:CurrentFinancialInstruments 2024-01-31 09600172 frs-core:FurnitureFittings 2024-01-31 09600172 frs-core:FurnitureFittings 2023-02-01 2024-01-31 09600172 frs-core:FurnitureFittings 2023-01-31 09600172 frs-core:ShareCapital 2024-01-31 09600172 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09600172 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09600172 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09600172 frs-bus:SmallEntities 2023-02-01 2024-01-31 09600172 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09600172 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09600172 frs-core:UnlistedNon-exchangeTraded 2024-01-31 09600172 frs-core:UnlistedNon-exchangeTraded 2023-01-31 09600172 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-01-31 09600172 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 09600172 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-01-31 09600172 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 09600172 frs-bus:Director1 2023-02-01 2024-01-31 09600172 frs-countries:EnglandWales 2023-02-01 2024-01-31 09600172 2022-01-31 09600172 2023-01-31 09600172 2022-02-01 2023-01-31 09600172 frs-core:CurrentFinancialInstruments 2023-01-31 09600172 frs-core:ShareCapital 2023-01-31 09600172 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09600172
SJS Capital Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09600172
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 987 1,316
Investments 4 250,000 250,000
250,987 251,316
CURRENT ASSETS
Debtors 5 769,315 394,347
Cash at bank and in hand 4,409 376,730
773,724 771,077
Creditors: Amounts Falling Due Within One Year 6 (6,057 ) (188,644 )
NET CURRENT ASSETS (LIABILITIES) 767,667 582,433
TOTAL ASSETS LESS CURRENT LIABILITIES 1,018,654 833,749
NET ASSETS 1,018,654 833,749
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 1,018,644 833,739
SHAREHOLDERS' FUNDS 1,018,654 833,749
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
John Bearman
Director
30/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is recognised at the fair value of the amounts received on monthly trading statements.
1.3. 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:
Fixtures & Fittings Reducing balance @ 25%
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is credited or charged to profit or loss.
1.4. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12
‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
shares that are classified as debt, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future
payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are
not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
1.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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1.6. 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.
1.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8. Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: 1)
1 1
3. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 4,807
As at 31 January 2024 4,807
Depreciation
As at 1 February 2023 3,491
Provided during the period 329
As at 31 January 2024 3,820
Net Book Value
As at 31 January 2024 987
As at 1 February 2023 1,316
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4. Investments
Unlisted
£
Cost
As at 1 February 2023 250,000
As at 31 January 2024 250,000
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 250,000
As at 1 February 2023 250,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 769,315 394,347
769,315 394,347
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,500 188,644
Taxation and social security 4,557 -
6,057 188,644
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. General Information
SJS Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09600172 . The registered office is First Floor, 3 Cumbrian House, 217 Marsh Wall, London, E14 9FJ.
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