Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 12559926 Mr Jamie Booth-Wilde Mrs Louise Booth-Wilde iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12559926 2023-04-30 12559926 2024-04-30 12559926 2023-05-01 2024-04-30 12559926 frs-core:CurrentFinancialInstruments 2024-04-30 12559926 frs-core:Non-currentFinancialInstruments 2024-04-30 12559926 frs-core:BetweenOneFiveYears 2024-04-30 12559926 frs-core:ComputerEquipment 2024-04-30 12559926 frs-core:ComputerEquipment 2023-05-01 2024-04-30 12559926 frs-core:ComputerEquipment 2023-04-30 12559926 frs-core:FurnitureFittings 2024-04-30 12559926 frs-core:FurnitureFittings 2023-05-01 2024-04-30 12559926 frs-core:FurnitureFittings 2023-04-30 12559926 frs-core:MotorVehicles 2024-04-30 12559926 frs-core:MotorVehicles 2023-05-01 2024-04-30 12559926 frs-core:MotorVehicles 2023-04-30 12559926 frs-core:ShareCapital 2024-04-30 12559926 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 12559926 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12559926 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 12559926 frs-bus:SmallEntities 2023-05-01 2024-04-30 12559926 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12559926 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12559926 frs-bus:Director1 2023-05-01 2024-04-30 12559926 frs-bus:Director1 2023-04-30 12559926 frs-bus:Director1 2024-04-30 12559926 frs-bus:Director2 2023-05-01 2024-04-30 12559926 frs-countries:EnglandWales 2023-05-01 2024-04-30 12559926 2022-04-30 12559926 2023-04-30 12559926 2022-05-01 2023-04-30 12559926 frs-core:CurrentFinancialInstruments 2023-04-30 12559926 frs-core:Non-currentFinancialInstruments 2023-04-30 12559926 frs-core:BetweenOneFiveYears 2023-04-30 12559926 frs-core:ShareCapital 2023-04-30 12559926 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 12559926
Jlab Consulting Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Royle Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12559926
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,944 49,344
38,944 49,344
CURRENT ASSETS
Debtors 5 149,202 106,269
149,202 106,269
Creditors: Amounts Falling Due Within One Year 6 (162,506 ) (123,433 )
NET CURRENT ASSETS (LIABILITIES) (13,304 ) (17,164 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,640 32,180
Creditors: Amounts Falling Due After More Than One Year 7 (20,741 ) (27,241 )
NET ASSETS 4,899 4,939
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 4,799 4,839
SHAREHOLDERS' FUNDS 4,899 4,939
Page 1
Page 2
For the year ending 30 April 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 Jamie Booth-Wilde
Director
24/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jlab Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12559926 . The registered office is Unit 1 Pluto House, 19-33 Station Road, Ashford, Kent, WC2H 9JQ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Motor Vehicles 25% Reducing Balance Method
Fixtures & Fittings 25% Reducing Balance Method
Computer Equipment 25% Reducing Balance Method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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 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.
...CONTINUED
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2.5. Taxation - continued
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: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 67,549 7,940 12,876 88,365
Additions - 819 1,764 2,583
As at 30 April 2024 67,549 8,759 14,640 90,948
Depreciation
As at 1 May 2023 30,098 3,773 5,150 39,021
Provided during the period 9,363 1,247 2,373 12,983
As at 30 April 2024 39,461 5,020 7,523 52,004
Net Book Value
As at 30 April 2024 28,088 3,739 7,117 38,944
As at 1 May 2023 37,451 4,167 7,726 49,344
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 80,201 -
Other taxes and social security - 1,518
Directors' loan accounts 51,351 78,218
Called up share capital not paid 100 100
131,652 79,836
Due after more than one year
Corporation tax recoverable assets 17,550 26,433
149,202 106,269
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 30,083 25,207
Corporation tax 68,659 56,045
Other taxes and social security 129 -
VAT 63,635 42,181
162,506 123,433
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,741 27,241
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 20,741 27,241
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Jamie Booth-Wilde 78,218 - 26,867 - 51,351
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr Jamie Booth-Wilde 48,750 3,400
Mrs Louise Booth-Wilde 16,250 1,500
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 65,000 4,900
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