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 05106389 Mrs L E McCarthy Mr O J McCarthy Mrs O Kelly Mrs S J Wildsmith Mrs L E McCarthy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05106389 2023-04-30 05106389 2024-04-30 05106389 2023-05-01 2024-04-30 05106389 frs-core:CurrentFinancialInstruments 2024-04-30 05106389 frs-core:Non-currentFinancialInstruments 2024-04-30 05106389 frs-core:ComputerEquipment 2024-04-30 05106389 frs-core:ComputerEquipment 2023-05-01 2024-04-30 05106389 frs-core:ComputerEquipment 2023-04-30 05106389 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 05106389 frs-core:FurnitureFittings 2024-04-30 05106389 frs-core:FurnitureFittings 2023-05-01 2024-04-30 05106389 frs-core:FurnitureFittings 2023-04-30 05106389 frs-core:NetGoodwill 2024-04-30 05106389 frs-core:NetGoodwill 2023-05-01 2024-04-30 05106389 frs-core:NetGoodwill 2023-04-30 05106389 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 05106389 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 05106389 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 05106389 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 05106389 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05106389 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 05106389 frs-core:MotorVehicles 2024-04-30 05106389 frs-core:MotorVehicles 2023-05-01 2024-04-30 05106389 frs-core:MotorVehicles 2023-04-30 05106389 frs-core:OtherResidualIntangibleAssets 2024-04-30 05106389 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 05106389 frs-core:OtherResidualIntangibleAssets 2023-04-30 05106389 frs-core:ShareCapital 2024-04-30 05106389 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 05106389 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05106389 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 05106389 frs-bus:SmallEntities 2023-05-01 2024-04-30 05106389 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05106389 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05106389 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 05106389 frs-bus:OrdinaryShareClass1 2024-04-30 05106389 frs-bus:OrdinaryShareClass2 2023-05-01 2024-04-30 05106389 frs-bus:OrdinaryShareClass2 2024-04-30 05106389 frs-bus:OrdinaryShareClass3 2023-05-01 2024-04-30 05106389 frs-bus:OrdinaryShareClass3 2024-04-30 05106389 frs-core:DeferredTaxation 2023-05-01 2024-04-30 05106389 frs-core:DeferredTaxation 2023-04-30 05106389 frs-core:DeferredTaxation 2024-04-30 05106389 frs-bus:Director1 2023-05-01 2024-04-30 05106389 frs-bus:Director2 2023-05-01 2024-04-30 05106389 frs-bus:Director3 2023-05-01 2024-04-30 05106389 frs-bus:Director4 2023-05-01 2024-04-30 05106389 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 05106389 frs-countries:EnglandWales 2023-05-01 2024-04-30 05106389 2022-04-30 05106389 2023-04-30 05106389 2022-05-01 2023-04-30 05106389 frs-core:CurrentFinancialInstruments 2023-04-30 05106389 frs-core:Non-currentFinancialInstruments 2023-04-30 05106389 frs-core:ShareCapital 2023-04-30 05106389 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 05106389 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30 05106389 frs-bus:OrdinaryShareClass2 2022-05-01 2023-04-30 05106389 frs-bus:OrdinaryShareClass3 2022-05-01 2023-04-30
Registered number: 05106389
Joal Interiors Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Joal Interiors Limited for the year ended 30 April 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Joal Interiors Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Joal Interiors Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Joal Interiors Limited and state those matters that we have agreed to state to the directors of Joal Interiors Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Joal Interiors Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Joal Interiors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Joal Interiors Limited . You consider that Joal Interiors Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Joal Interiors Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
31 January 2025
Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
B90 3LU
Page 1
Page 2
Balance Sheet
Registered number: 05106389
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,000 2,000
Tangible Assets 5 54,219 62,940
55,219 64,940
CURRENT ASSETS
Stocks 6 25,000 24,400
Debtors 7 38,112 26,878
Cash at bank and in hand 5,999 11,192
69,111 62,470
Creditors: Amounts Falling Due Within One Year 8 (106,739 ) (98,614 )
NET CURRENT ASSETS (LIABILITIES) (37,628 ) (36,144 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,591 28,796
Creditors: Amounts Falling Due After More Than One Year 9 (10,833 ) (20,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,449 ) (7,457 )
NET ASSETS 309 506
CAPITAL AND RESERVES
Called up share capital 11 200 200
Profit and Loss Account 109 306
SHAREHOLDERS' FUNDS 309 506
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Page 3
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.
The financial statements were approved by the board of directors on 31 January 2025 and were signed on its behalf by:
Mrs L E McCarthy
Director
Mr O J McCarthy
Director
Mrs O Kelly
Director
Mrs S J Wildsmith
Director
31 January 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Joal Interiors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05106389 . The registered office is 9-11 Stratford Road, Shirley, Solihull, B90 3LU.
The presentation currency of the financial statements is the Pound Sterling (£).
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It was amortised to profit and loss account over its estimated economic life of five years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is the development of a website. It is amortised to profit and loss account over its estimated economic life of five years.
2.5. 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 10% on cost
Leasehold Straight line over 15 years
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 10% on cost
Computer Equipment 20% on cost
2.6. 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.
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2.7. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 May 2023 5,000 5,000 10,000
As at 30 April 2024 5,000 5,000 10,000
Amortisation
As at 1 May 2023 5,000 3,000 8,000
Provided during the period - 1,000 1,000
As at 30 April 2024 5,000 4,000 9,000
Net Book Value
As at 30 April 2024 - 1,000 1,000
As at 1 May 2023 - 2,000 2,000
5. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2023 5,328 41,745 8,895 52,824
As at 30 April 2024 5,328 41,745 8,895 52,824
...CONTINUED
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Page 6
Depreciation
As at 1 May 2023 4,833 18,544 8,489 14,639
Provided during the period 495 2,922 102 4,764
As at 30 April 2024 5,328 21,466 8,591 19,403
Net Book Value
As at 30 April 2024 - 20,279 304 33,421
As at 1 May 2023 495 23,201 406 38,185
Computer Equipment Total
£ £
Cost
As at 1 May 2023 5,723 114,515
As at 30 April 2024 5,723 114,515
Depreciation
As at 1 May 2023 5,070 51,575
Provided during the period 438 8,721
As at 30 April 2024 5,508 60,296
Net Book Value
As at 30 April 2024 215 54,219
As at 1 May 2023 653 62,940
6. Stocks
2024 2023
£ £
Stock 25,000 24,400
7. Debtors
2024 2023
£ £
Due within one year
Amounts recoverable on contracts 35,500 22,000
Other debtors 2,612 4,878
38,112 26,878
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 57,294 53,502
Bank loans and overdrafts 10,000 10,000
Other creditors 12,980 4,649
Taxation and social security 26,465 30,463
106,739 98,614
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,833 20,833
10,833 20,833
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 May 2023 7,457 7,457
Deferred taxation (1,008 ) (1,008 )
Balance at 30 April 2024 6,449 6,449
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
0 Ordinary Shares of £ 0 each - 200
110 Ordinary A shares of £ 1 each 110 -
90 Ordinary B shares of £ 1 each 90 -
200 200
12. Related Party Transactions
During the period, total dividends of £20,574 (2023: £33,580) were paid to the directors.
Additionally, the directors provided loans to the company amounting to £1,011 (2023: £642). The loans are unsecured, interest-free, and repayable on demand.
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