Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05706787 Mr R Perera Mr S Mel Corporate Office Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05706787 2023-03-31 05706787 2024-03-31 05706787 2023-04-01 2024-03-31 05706787 frs-core:CurrentFinancialInstruments 2024-03-31 05706787 frs-core:ComputerEquipment 2024-03-31 05706787 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05706787 frs-core:ComputerEquipment 2023-03-31 05706787 frs-core:ShareCapital 2024-03-31 05706787 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05706787 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05706787 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05706787 frs-bus:SmallEntities 2023-04-01 2024-03-31 05706787 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05706787 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05706787 frs-bus:Director1 2023-04-01 2024-03-31 05706787 frs-bus:Director2 2023-04-01 2024-03-31 05706787 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05706787 frs-core:CurrentFinancialInstruments 3 2024-03-31 05706787 frs-countries:EnglandWales 2023-04-01 2024-03-31 05706787 2022-03-31 05706787 2023-03-31 05706787 2022-04-01 2023-03-31 05706787 frs-core:CurrentFinancialInstruments 2023-03-31 05706787 frs-core:ShareCapital 2023-03-31 05706787 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 05706787 frs-core:CurrentFinancialInstruments 3 2023-03-31
Registered number: 05706787
Jubilee Power Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Hargreaves & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05706787
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,923 5,843
4,923 5,843
CURRENT ASSETS
Stocks 5 76,500 37,501
Debtors 6 578,779 454,469
Cash at bank and in hand 93,132 159,816
748,411 651,786
Creditors: Amounts Falling Due Within One Year 7 (748,458 ) (585,329 )
NET CURRENT ASSETS (LIABILITIES) (47 ) 66,457
TOTAL ASSETS LESS CURRENT LIABILITIES 4,876 72,300
NET ASSETS 4,876 72,300
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 4,776 72,200
SHAREHOLDERS' FUNDS 4,876 72,300
Page 1
Page 2
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 R Perera
Director
31 January 2025
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
Jubilee Power Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05706787 . The registered office is PO Box 1106, West Drayton, Middlesex, UB8 9WQ.
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:
Computer Equipment 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 35,864
Additions 541
As at 31 March 2024 36,405
Depreciation
As at 1 April 2023 30,021
Provided during the period 1,461
As at 31 March 2024 31,482
Net Book Value
As at 31 March 2024 4,923
As at 1 April 2023 5,843
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock 54,500 37,501
Work in progress 22,000 -
76,500 37,501
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 527,460 402,936
Jubilee Power Plant Limited 44,150 44,150
VAT 7,159 7,383
Net wages 10 -
578,779 454,469
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 630,208 470,032
Corporation tax 161 161
Social security and other taxes (889 ) (1,342 )
Accruals expenses 5,996 4,120
Directors' loan accounts 112,982 112,358
748,458 585,329
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The company was controlled throughout the year by the directors and shareholders, Mr R Perera and S De Mel.
Page 4