Acorah Software Products - Accounts Production 16.0.110 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 00423504 Mr Graham Saul Mr Richard Saul Mr Darren Saul iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00423504 2023-08-31 00423504 2024-08-31 00423504 2023-09-01 2024-08-31 00423504 frs-core:CurrentFinancialInstruments 2024-08-31 00423504 frs-core:ComputerEquipment 2023-09-01 2024-08-31 00423504 frs-core:FurnitureFittings 2023-09-01 2024-08-31 00423504 frs-core:LandBuildings 2024-08-31 00423504 frs-core:LandBuildings 2023-09-01 2024-08-31 00423504 frs-core:LandBuildings 2023-08-31 00423504 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 00423504 frs-core:PlantMachinery 2024-08-31 00423504 frs-core:PlantMachinery 2023-09-01 2024-08-31 00423504 frs-core:PlantMachinery 2023-08-31 00423504 frs-core:OtherReservesSubtotal 2024-08-31 00423504 frs-core:RevaluationReserve 2023-08-31 00423504 frs-core:RevaluationReserve 2024-08-31 00423504 frs-core:ShareCapital 2024-08-31 00423504 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 00423504 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 00423504 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 00423504 frs-bus:SmallEntities 2023-09-01 2024-08-31 00423504 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 00423504 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 00423504 frs-bus:Director1 2023-09-01 2024-08-31 00423504 frs-bus:Director2 2023-09-01 2024-08-31 00423504 frs-bus:Director3 2023-09-01 2024-08-31 00423504 frs-countries:EnglandWales 2023-09-01 2024-08-31 00423504 2022-08-31 00423504 2023-08-31 00423504 2022-09-01 2023-08-31 00423504 frs-core:CurrentFinancialInstruments 2023-08-31 00423504 frs-core:OtherReservesSubtotal 2023-08-31 00423504 frs-core:RevaluationReserve 2023-08-31 00423504 frs-core:ShareCapital 2023-08-31 00423504 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 00423504
Joyride Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Mostons
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 00423504
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 300,000 300,399
300,000 300,399
CURRENT ASSETS
Debtors 5 - 12,960
Cash at bank and in hand 136,415 99,418
136,415 112,378
Creditors: Amounts Falling Due Within One Year 6 (57,289 ) (29,878 )
NET CURRENT ASSETS (LIABILITIES) 79,126 82,500
TOTAL ASSETS LESS CURRENT LIABILITIES 379,126 382,899
NET ASSETS 379,126 382,899
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Revaluation reserve 8 293,883 293,883
Other reserves 10,000 10,000
Profit and Loss Account 74,243 78,016
SHAREHOLDERS' FUNDS 379,126 382,899
Page 1
Page 2
For the year ending 31 August 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 Richard Saul
Director
Mr Darren Saul
Director
03/12/2024
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
Joyride Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00423504 . The registered office is 29 The Green, Winchmore Hill, London, N21 1HS.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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:
Freehold at market value
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 September 2023 300,000 39,514 339,514
Disposals - (9,093 ) (9,093 )
As at 31 August 2024 300,000 30,421 330,421
Depreciation
As at 1 September 2023 - 39,115 39,115
Provided during the period - 399 399
Disposals - (9,093 ) (9,093 )
As at 31 August 2024 - 30,421 30,421
Net Book Value
As at 31 August 2024 300,000 - 300,000
As at 1 September 2023 300,000 399 300,399
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 12,960
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 10,144 4,101
Other creditors 24,826 -
Accruals and deferred income 1,000 1,000
Directors' loan accounts 21,319 24,777
57,289 29,878
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Reserves
Revaluation Reserve
£
As at 1 September 2023 293,883
As at 31 August 2024 293,883
Page 4