Acorah Software Products - Accounts Production 16.1.300 false true false 24 June 2023 30 June 2024 30 June 2024 14958550 Mr Justin Laban Mrs Marcella Laban iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14958550 2023-06-23 14958550 2024-06-30 14958550 2023-06-24 2024-06-30 14958550 frs-core:CurrentFinancialInstruments 2024-06-30 14958550 frs-core:Non-currentFinancialInstruments 2024-06-30 14958550 frs-core:ComputerEquipment 2024-06-30 14958550 frs-core:ComputerEquipment 2023-06-24 2024-06-30 14958550 frs-core:ComputerEquipment 2023-06-23 14958550 frs-core:InvestmentPropertyIncludedWithinPPE 2024-06-30 14958550 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-24 2024-06-30 14958550 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-23 14958550 frs-core:ShareCapital 2024-06-30 14958550 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14958550 frs-bus:PrivateLimitedCompanyLtd 2023-06-24 2024-06-30 14958550 frs-bus:FilletedAccounts 2023-06-24 2024-06-30 14958550 frs-bus:SmallEntities 2023-06-24 2024-06-30 14958550 frs-bus:AuditExempt-NoAccountantsReport 2023-06-24 2024-06-30 14958550 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-24 2024-06-30 14958550 frs-bus:OrdinaryShareClass1 2023-06-24 2024-06-30 14958550 frs-bus:OrdinaryShareClass1 2024-06-30 14958550 frs-bus:Director1 2023-06-24 2024-06-30 14958550 frs-bus:Director2 2023-06-24 2024-06-30 14958550 frs-countries:EnglandWales 2023-06-24 2024-06-30
Registered number: 14958550
J&M Innovations Ltd
Unaudited Financial Statements
For the Period 24 June 2023 to 30 June 2024
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14958550
30 June 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 106,312
106,312
CURRENT ASSETS
Debtors 5 147
Cash at bank and in hand 704
851
Creditors: Amounts Falling Due Within One Year 6 (51,027 )
NET CURRENT ASSETS (LIABILITIES) (50,176 )
TOTAL ASSETS LESS CURRENT LIABILITIES 56,136
Creditors: Amounts Falling Due After More Than One Year 7 (59,242 )
NET LIABILITIES (3,106 )
CAPITAL AND RESERVES
Called up share capital 9 98
Profit and Loss Account (3,204 )
SHAREHOLDERS' FUNDS (3,106)
Page 1
Page 2
For the period ending 30 June 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 Justin Laban
Director
10/02/2025
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
J&M Innovations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14958550 . The registered office is DEB House, 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, S71 3HR.
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:
Office Equipment 25% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Investment Properties Office Equipment Total
£ £ £
Cost
As at 24 June 2023 - - -
Additions 106,198 157 106,355
As at 30 June 2024 106,198 157 106,355
Depreciation
As at 24 June 2023 - - -
Provided during the period - 43 43
As at 30 June 2024 - 43 43
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 106,198 114 106,312
As at 24 June 2023 - - -
Cost or valuation as at 30 June 2024 represented by:
Investment Properties Office Equipment Total
£ £ £
At cost 106,198 157 106,355
106,198 157 106,355
In the opinion of the directors, the market values of the investment properties at the Balance Sheet date were not materially different to cost.
5. Debtors
30 June 2024
£
Due within one year
Prepayments and accrued income 147
6. Creditors: Amounts Falling Due Within One Year
30 June 2024
£
Bank loans and overdrafts 2,700
Directors' loan accounts 48,327
51,027
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2024
£
Bank loans 59,242
8. Secured Creditors
Of the creditors the following amounts are secured.
30 June 2024
£
Bank loans and overdrafts 61,942
Page 4
Page 5
9. Share Capital
30 June 2024
Allotted, called up and fully paid £
98 Ordinary Shares of £ 1.00 each 98
Shares issued during the period: £
98 Ordinary Shares of £ 1.00 each 98
10. Directors Advances, Credits and Guarantees
The directors have givena personal guarantee in respect of the mortgage.
11. Related Party Transactions
The company is controlled by Mr J & Mrs M Laban, directors  of the company.
The balance on the director's loan account of Mr J & Mrs M Laban at 30th June 2024 was £48,327 due from the company.
Page 5