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 08494196 Paul Alexander Airey Paul Alexander Airey 71-75 Shelton Street, Covent Garden London, WC2H 9JQ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08494196 2023-04-30 08494196 2024-04-30 08494196 2023-05-01 2024-04-30 08494196 frs-core:CurrentFinancialInstruments 2024-04-30 08494196 frs-core:Non-currentFinancialInstruments 2024-04-30 08494196 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 08494196 frs-core:FurnitureFittings 2024-04-30 08494196 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08494196 frs-core:FurnitureFittings 2023-04-30 08494196 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 08494196 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 08494196 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 08494196 frs-core:OtherResidualIntangibleAssets 2024-04-30 08494196 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 08494196 frs-core:OtherResidualIntangibleAssets 2023-04-30 08494196 frs-core:PlantMachinery 2024-04-30 08494196 frs-core:PlantMachinery 2023-05-01 2024-04-30 08494196 frs-core:PlantMachinery 2023-04-30 08494196 frs-core:ShareCapital 2024-04-30 08494196 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08494196 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08494196 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08494196 frs-bus:SmallEntities 2023-05-01 2024-04-30 08494196 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08494196 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08494196 1 2023-05-01 2024-04-30 08494196 frs-bus:Director1 2023-05-01 2024-04-30 08494196 frs-countries:EnglandWales 2023-05-01 2024-04-30 08494196 2022-04-30 08494196 2023-04-30 08494196 2022-05-01 2023-04-30 08494196 frs-core:CurrentFinancialInstruments 2023-04-30 08494196 frs-core:Non-currentFinancialInstruments 2023-04-30 08494196 frs-core:ShareCapital 2023-04-30 08494196 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 08494196
Jpg Operations Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08494196
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 23,999 31,999
Tangible Assets 5 25,210 31,796
49,209 63,795
CURRENT ASSETS
Debtors 6 64,728 48,574
Cash at bank and in hand - 22,639
64,728 71,213
Creditors: Amounts Falling Due Within One Year 7 (61,841 ) (61,145 )
NET CURRENT ASSETS (LIABILITIES) 2,887 10,068
TOTAL ASSETS LESS CURRENT LIABILITIES 52,096 73,863
Creditors: Amounts Falling Due After More Than One Year 8 (43,051 ) -
NET ASSETS 9,045 73,863
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 8,945 73,763
SHAREHOLDERS' FUNDS 9,045 73,863
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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 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
Paul Alexander Airey
Director
29 January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Jpg Operations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08494196 . The registered office is 49 Kent House Devonshire Street, London, W4 2JS.
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
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Revenue from rendering of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.
For continuing services, revenue 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.
Interest income
Revenue is recognised as interest accrues using the effective interest method.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Franchise Fee. It is amortised to profit and loss account over its estimated economic life of 5 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:
Leasehold 10 years (Straight line method)
Plant & Machinery 10 years (Straight line method)
Furniture, fixtures and equipment 5 years (Straight line method)
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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.
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: 6 (2023: 6)
6 6
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 39,999
As at 30 April 2024 39,999
Amortisation
As at 1 May 2023 8,000
Provided during the period 8,000
As at 30 April 2024 16,000
Net Book Value
As at 30 April 2024 23,999
As at 1 May 2023 31,999
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Furniture, fixtures and equipment Total
£ £ £ £
Cost
As at 1 May 2023 19,209 14,715 162,173 196,097
Additions - - 3,642 3,642
As at 30 April 2024 19,209 14,715 165,815 199,739
Depreciation
As at 1 May 2023 12,805 4,528 146,968 164,301
Provided during the period 1,920 1,471 6,837 10,228
As at 30 April 2024 14,725 5,999 153,805 174,529
Net Book Value
As at 30 April 2024 4,484 8,716 12,010 25,210
As at 1 May 2023 6,404 10,187 15,205 31,796
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,122 7,604
Prepayments and accrued income 6,719 12,817
Amounts owed by group undertakings 43,891 28,153
Amounts owed by other related parties 2,996 -
64,728 48,574
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,230 15,506
Bank loans and overdrafts 5,884 -
Corporation tax 3,690 7,191
Other taxes and social security 12,837 901
VAT 9,531 10,696
...CONTINUED
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Other creditors 1,694 1,831
Accruals and deferred income 21,608 25,020
Director's loan account 3,367 -
61,841 61,145
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 43,051 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included in debtors due within one year is an amount of £43,891 (2023:£28,153) owed by the group undertaking. The amount is interest free and repayable on demand.
Included in debtors due within one year is an amount of £2,996 (2023:£0) owed by the related party. The amount is interest free and repayable on demand.
Included in creditors due within one year is an amount of £3,367 (2023:£0) owed to its directors. The amount is interest-free and repayable on demand.
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Airstrong Ltd . Airstrong Ltd was incorporated in England and Wales. Copies of the parent company's financial statements may be obtained from the secretary, 71-75 Shelton Street, Covent Garden London, WC2H 9JQ . The ultimate controlling party is Paul Alexander Airey .
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