Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 13852084 Mr Jason Reed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13852084 2024-01-31 13852084 2025-01-31 13852084 2024-02-01 2025-01-31 13852084 frs-core:Non-currentFinancialInstruments 2025-01-31 13852084 frs-core:ComputerEquipment 2025-01-31 13852084 frs-core:ComputerEquipment 2024-02-01 2025-01-31 13852084 frs-core:ComputerEquipment 2024-01-31 13852084 frs-core:NetGoodwill 2025-01-31 13852084 frs-core:NetGoodwill 2024-02-01 2025-01-31 13852084 frs-core:NetGoodwill 2024-01-31 13852084 frs-core:ShareCapital 2025-01-31 13852084 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 13852084 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13852084 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 13852084 frs-bus:SmallEntities 2024-02-01 2025-01-31 13852084 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13852084 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13852084 frs-bus:Director1 2024-02-01 2025-01-31 13852084 frs-countries:EnglandWales 2024-02-01 2025-01-31 13852084 2023-01-31 13852084 2024-01-31 13852084 2023-02-01 2024-01-31 13852084 frs-core:Non-currentFinancialInstruments 2024-01-31 13852084 frs-core:ShareCapital 2024-01-31 13852084 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 13852084
Jason Reed Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
James Khan
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13852084
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,400 9,600
Tangible Assets 5 144 -
8,544 9,600
CURRENT ASSETS
Debtors 289 289
Cash at bank and in hand 29,695 40,781
29,984 41,070
Creditors: Amounts Falling Due Within One Year (13,729 ) (12,058 )
NET CURRENT ASSETS (LIABILITIES) 16,255 29,012
TOTAL ASSETS LESS CURRENT LIABILITIES 24,799 38,612
Creditors: Amounts Falling Due After More Than One Year (7,250 ) (33,692 )
NET ASSETS 17,549 4,920
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 17,449 4,820
SHAREHOLDERS' FUNDS 17,549 4,920
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Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Jason Reed
Director
07/02/2025
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
Jason Reed Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13852084 . The registered office is The Embassy, 389 Newport Road, Cardiff, CF24 1TP.
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.
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 is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 10% Straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 12,000
As at 31 January 2025 12,000
Amortisation
As at 1 February 2024 2,400
Provided during the period 1,200
As at 31 January 2025 3,600
...CONTINUED
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Net Book Value
As at 31 January 2025 8,400
As at 1 February 2024 9,600
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2024 -
Additions 160
As at 31 January 2025 160
Depreciation
As at 1 February 2024 -
Provided during the period 16
As at 31 January 2025 16
Net Book Value
As at 31 January 2025 144
As at 1 February 2024 -
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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