Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10527888 Mr Joseph Goddard Mr Harry Lane Mr Neil Lane Ms Lucie Loughlin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10527888 2023-03-31 10527888 2024-03-31 10527888 2023-04-01 2024-03-31 10527888 frs-core:CurrentFinancialInstruments 2024-03-31 10527888 frs-core:Non-currentFinancialInstruments 2024-03-31 10527888 frs-core:ComputerEquipment 2024-03-31 10527888 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10527888 frs-core:ComputerEquipment 2023-03-31 10527888 frs-core:FurnitureFittings 2024-03-31 10527888 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10527888 frs-core:FurnitureFittings 2023-03-31 10527888 frs-core:ShareCapital 2024-03-31 10527888 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10527888 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10527888 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10527888 frs-bus:SmallEntities 2023-04-01 2024-03-31 10527888 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10527888 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10527888 frs-core:UnlistedNon-exchangeTraded 2024-03-31 10527888 frs-core:UnlistedNon-exchangeTraded 2023-03-31 10527888 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 10527888 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 10527888 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 10527888 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 10527888 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 10527888 frs-bus:Director1 2023-04-01 2024-03-31 10527888 frs-bus:Director1 2023-03-31 10527888 frs-bus:Director1 2024-03-31 10527888 frs-bus:Director2 2023-04-01 2024-03-31 10527888 frs-bus:Director2 2023-03-31 10527888 frs-bus:Director2 2024-03-31 10527888 frs-bus:Director3 2023-04-01 2024-03-31 10527888 frs-bus:Director4 2023-04-01 2024-03-31 10527888 frs-countries:EnglandWales 2023-04-01 2024-03-31 10527888 2022-03-31 10527888 2023-03-31 10527888 2022-04-01 2023-03-31 10527888 frs-core:CurrentFinancialInstruments 2023-03-31 10527888 frs-core:Non-currentFinancialInstruments 2023-03-31 10527888 frs-core:ShareCapital 2023-03-31 10527888 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10527888
Jam Worldwide Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10527888
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,134 828
Investments 5 25,000 50,000
30,134 50,828
CURRENT ASSETS
Debtors 6 367,152 393,670
Cash at bank and in hand 118,150 141,297
485,302 534,967
Creditors: Amounts Falling Due Within One Year 7 (526,718 ) (449,472 )
NET CURRENT ASSETS (LIABILITIES) (41,416 ) 85,495
TOTAL ASSETS LESS CURRENT LIABILITIES (11,282 ) 136,323
Creditors: Amounts Falling Due After More Than One Year 8 (236,747 ) (134,447 )
NET (LIABILITIES)/ASSETS (248,029 ) 1,876
CAPITAL AND RESERVES
Called up share capital 9 125 111
Profit and Loss Account (248,154 ) 1,765
SHAREHOLDERS' FUNDS (248,029) 1,876
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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 Neil Lane
Director
Ms Lucie Loughlin
Director
04/12/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Jam Worldwide Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10527888 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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:
Fixtures & Fittings 33.33% Straight Line
Computer Equipment 50% Straight Line
2.4. 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.
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 15)
11 15
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 829 28,714 29,543
Additions 165 9,027 9,192
As at 31 March 2024 994 37,741 38,735
Depreciation
As at 1 April 2023 345 28,370 28,715
Provided during the period 332 4,554 4,886
As at 31 March 2024 677 32,924 33,601
Net Book Value
As at 31 March 2024 317 4,817 5,134
As at 1 April 2023 484 344 828
5. Investments
Unlisted
£
Cost
As at 1 April 2023 50,000
Disposals (25,000 )
As at 31 March 2024 25,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 25,000
As at 1 April 2023 50,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 168,903 330,698
Other debtors 188,281 39,014
357,184 369,712
Due after more than one year
Other debtors 9,968 23,958
367,152 393,670
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 114,493 158,540
Bank loans and overdrafts 26,243 6,212
Other loans 18,941 -
Other creditors 266,725 154,459
Taxation and social security 100,316 130,261
526,718 449,472
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,190 34,447
Other loans 207,557 100,000
236,747 134,447
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 125 111
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Neil Lane 10,000 73,297 - - 83,297
Ms Lucie Loughlin 10,000 73,297 - - 83,297
The above loan is unsecured, interest free and repayable on demand.
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