Jayprop Software Limited
Registered number: 12639043
Statement of Financial Position
as at 31 December 2024
Notes 31/12/24 30/6/24
£ £
Fixed assets
Tangible assets 4 - 179
Financial assets 101 15,572
101 15,751
Current assets
Debtors 5 15,469 83,664
Cash at bank and in hand 166,879 74,398
182,348 158,062
Creditors: amounts falling due within one year 6 (6,143) (16,074)
Net current assets 176,205 141,988
Net assets 176,306 157,739
Capital and reserves
Called up share capital 100 100
Profit and loss account 176,206 157,639
Shareholder's funds 176,306 157,739
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ivan Jenkins
Director
Approved by the board on 29 January 2025
Jayprop Software Limited
Notes to the Accounts
for the period from 1 July 2024 to 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

Unlisted investments (other than investments in subsidiaries, associates and joint ventures) are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.

Listed investments are measured at fair value.

Changes in fair value/Impairment losses are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Exceptional items 31/12/24 30/6/24
£ £
Value adjustments on fixed assets and current asset investments (6,595) 860
(6,595) 860
3 Employees and directors 31/12/24 30/6/24
Number Number
Average number of directors and persons employed by the company 1 1
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024 722
At 31 December 2024 722
Depreciation
At 1 July 2024 543
Charge for the period 179
At 31 December 2024 722
Net book value
At 31 December 2024 -
At 30 June 2024 179
5 Debtors 31/12/24 30/6/24
£ £
Other debtors 15,469 83,664
6 Creditors: amounts falling due within one year 31/12/24 30/6/24
£ £
Accruals 1,331 1,331
Corporation tax 4,683 14,614
Other creditors 129 129
6,143 16,074
7 Other information
Jayprop Software Limited is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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