Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10527713 K Gorman R Wong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10527713 2023-06-30 10527713 2024-06-30 10527713 2023-07-01 2024-06-30 10527713 frs-core:CurrentFinancialInstruments 2024-06-30 10527713 frs-core:Non-currentFinancialInstruments 2024-06-30 10527713 frs-core:ComputerEquipment 2024-06-30 10527713 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10527713 frs-core:ComputerEquipment 2023-06-30 10527713 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 10527713 frs-core:FurnitureFittings 2024-06-30 10527713 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10527713 frs-core:FurnitureFittings 2023-06-30 10527713 frs-core:MotorVehicles 2024-06-30 10527713 frs-core:MotorVehicles 2023-07-01 2024-06-30 10527713 frs-core:MotorVehicles 2023-06-30 10527713 frs-core:OtherResidualIntangibleAssets 2024-06-30 10527713 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 10527713 frs-core:OtherResidualIntangibleAssets 2023-06-30 10527713 frs-core:PlantMachinery 2024-06-30 10527713 frs-core:PlantMachinery 2023-07-01 2024-06-30 10527713 frs-core:PlantMachinery 2023-06-30 10527713 frs-core:ShareCapital 2024-06-30 10527713 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10527713 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10527713 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10527713 frs-bus:SmallEntities 2023-07-01 2024-06-30 10527713 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10527713 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10527713 frs-core:ListedExchangeTraded 2024-06-30 10527713 frs-core:ListedExchangeTraded 2023-06-30 10527713 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-06-30 10527713 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-06-30 10527713 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-06-30 10527713 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-06-30 10527713 frs-bus:Director1 2023-07-01 2024-06-30 10527713 frs-bus:Director1 2023-06-30 10527713 frs-bus:Director1 2024-06-30 10527713 frs-bus:Director2 2023-07-01 2024-06-30 10527713 frs-bus:Director2 2023-06-30 10527713 frs-bus:Director2 2024-06-30 10527713 frs-countries:EnglandWales 2023-07-01 2024-06-30 10527713 2022-06-30 10527713 2023-06-30 10527713 2022-07-01 2023-06-30 10527713 frs-core:CurrentFinancialInstruments 2023-06-30 10527713 frs-core:Non-currentFinancialInstruments 2023-06-30 10527713 frs-core:ShareCapital 2023-06-30 10527713 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10527713
Jamkam Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10527713
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,291 4,387
Tangible Assets 5 36,267 47,818
Investments 6 89,808 89,808
129,366 142,013
CURRENT ASSETS
Stocks 7 18,427 20,300
Debtors 8 724,424 515,020
Cash at bank and in hand 100 4,377
742,951 539,697
Creditors: Amounts Falling Due Within One Year 9 (807,699 ) (515,000 )
NET CURRENT ASSETS (LIABILITIES) (64,748 ) 24,697
TOTAL ASSETS LESS CURRENT LIABILITIES 64,618 166,710
Creditors: Amounts Falling Due After More Than One Year 10 (20,000 ) (44,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,086 ) (8,240 )
NET ASSETS 41,532 114,470
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 41,432 114,370
SHAREHOLDERS' FUNDS 41,532 114,470
Page 1
Page 2
For the year 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
K Gorman
Director
5 February 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jamkam Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10527713 . The registered office is Stanway House Almondsbury Business Centre, Woodlands, Bristol, BS32 4QH.
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 - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... 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:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.5. 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.
2.6. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 42 (2023: 44)
42 44
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 13,000
As at 30 June 2024 13,000
Amortisation
As at 1 July 2023 8,613
Provided during the period 1,096
As at 30 June 2024 9,709
Net Book Value
As at 30 June 2024 3,291
As at 1 July 2023 4,387
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 44,538 10,000 8,297 18,500 81,335
Additions 1,713 - - 4,655 6,368
As at 30 June 2024 46,251 10,000 8,297 23,155 87,703
Depreciation
As at 1 July 2023 16,606 2,917 2,819 11,175 33,517
Provided during the period 10,241 2,500 2,074 3,104 17,919
As at 30 June 2024 26,847 5,417 4,893 14,279 51,436
Net Book Value
As at 30 June 2024 19,404 4,583 3,404 8,876 36,267
As at 1 July 2023 27,932 7,083 5,478 7,325 47,818
6. Investments
Listed
£
Cost
As at 1 July 2023 89,808
As at 30 June 2024 89,808
Provision
As at 1 July 2023 -
As at 30 June 2024 -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 June 2024 89,808
As at 1 July 2023 89,808
7. Stocks
2024 2023
£ £
Stock 18,427 20,300
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors (54,862 ) -
Other debtors 235,766 108,325
180,904 108,325
Due after more than one year
Amounts owed by participating interests 543,520 406,695
724,424 515,020
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 82,362 89,980
Bank loans and overdrafts 232,699 128,580
Other creditors 79,193 60,816
Taxation and social security 413,445 235,624
807,699 515,000
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 20,000 44,000
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5
Page 6
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mrs Kam Gorman 55,881 47,222 - - 103,104
Rosie Wong 2,596 2,457 - - 5,053
The above loan is unsecured, interest free and repayable on demand.
Page 6