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 10008207 Mr Jain Sebastian Mrs Rejimol Sebastian iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10008207 2023-02-28 10008207 2024-02-28 10008207 2023-03-01 2024-02-28 10008207 frs-core:CurrentFinancialInstruments 2024-02-28 10008207 frs-core:ComputerEquipment 2024-02-28 10008207 frs-core:ComputerEquipment 2023-03-01 2024-02-28 10008207 frs-core:ComputerEquipment 2023-02-28 10008207 frs-core:FurnitureFittings 2024-02-28 10008207 frs-core:FurnitureFittings 2023-03-01 2024-02-28 10008207 frs-core:FurnitureFittings 2023-02-28 10008207 frs-core:ShareCapital 2024-02-28 10008207 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10008207 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10008207 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10008207 frs-bus:SmallEntities 2023-03-01 2024-02-28 10008207 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10008207 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10008207 frs-bus:Director1 2023-03-01 2024-02-28 10008207 frs-bus:Director2 2023-03-01 2024-02-28 10008207 frs-countries:EnglandWales 2023-03-01 2024-02-28 10008207 2022-02-28 10008207 2023-02-28 10008207 2022-03-01 2023-02-28 10008207 frs-core:CurrentFinancialInstruments 2023-02-28 10008207 frs-core:ShareCapital 2023-02-28 10008207 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10008207
Rjain Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Total Accounting Solutions
71 Far Gosford Street
Coventry
West Midlands
CV1 5DZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10008207
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 532 701
532 701
CURRENT ASSETS
Debtors 5 - 31,229
Cash at bank and in hand 132,141 26,824
132,141 58,053
Creditors: Amounts Falling Due Within One Year 6 (72,885 ) (10,286 )
NET CURRENT ASSETS (LIABILITIES) 59,256 47,767
TOTAL ASSETS LESS CURRENT LIABILITIES 59,788 48,468
PROVISIONS FOR LIABILITIES
Deferred Taxation (106 ) (140 )
NET ASSETS 59,682 48,328
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 59,672 48,318
SHAREHOLDERS' FUNDS 59,682 48,328
Page 1
Page 2
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 Jain Sebastian
Director
08/10/2024
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
Rjain Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10008207 . The registered office is 40 Sycamore Close, Fulwood, Preston, Lancashire, PR2 9NA.
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 goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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:
Fixtures & Fittings 15% on reducing balance
Computer Equipment 25% on reducing balance
2.4. 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 year 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 asset reflects 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: 6 (2023: 26)
6 26
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 210 1,884 2,094
As at 28 February 2024 210 1,884 2,094
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 143 1,250 1,393
Provided during the period 10 159 169
As at 28 February 2024 153 1,409 1,562
Net Book Value
As at 28 February 2024 57 475 532
As at 1 March 2023 67 634 701
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 31,229
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,728 1,244
Accruals and deferred income 600 550
Directors' loan accounts 69,557 8,492
72,885 10,286
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
9. Dividends
Page 4