Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12147989 Mr Tom Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12147989 2023-08-31 12147989 2024-08-31 12147989 2023-09-01 2024-08-31 12147989 frs-core:CurrentFinancialInstruments 2024-08-31 12147989 frs-core:Non-currentFinancialInstruments 2024-08-31 12147989 frs-core:PlantMachinery 2024-08-31 12147989 frs-core:PlantMachinery 2023-09-01 2024-08-31 12147989 frs-core:PlantMachinery 2023-08-31 12147989 frs-core:OtherReservesSubtotal 2024-08-31 12147989 frs-core:ShareCapital 2024-08-31 12147989 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12147989 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12147989 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12147989 frs-bus:SmallEntities 2023-09-01 2024-08-31 12147989 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12147989 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12147989 frs-bus:Director1 2023-09-01 2024-08-31 12147989 frs-countries:EnglandWales 2023-09-01 2024-08-31 12147989 2022-08-31 12147989 2023-08-31 12147989 2022-09-01 2023-08-31 12147989 frs-core:CurrentFinancialInstruments 2023-08-31 12147989 frs-core:Non-currentFinancialInstruments 2023-08-31 12147989 frs-core:OtherReservesSubtotal 2023-08-31 12147989 frs-core:ShareCapital 2023-08-31 12147989 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12147989
Joov Sports Products Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
J.Watts Accountancy Services
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12147989
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,963 5,012
3,963 5,012
CURRENT ASSETS
Stocks 5 5,969 1,179
Debtors 6 1,550 7,701
Cash at bank and in hand (1,856 ) 2,952
5,663 11,832
Creditors: Amounts Falling Due Within One Year 7 (17,769 ) (17,800 )
NET CURRENT ASSETS (LIABILITIES) (12,106 ) (5,968 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,143 ) (956 )
Creditors: Amounts Falling Due After More Than One Year 8 (9,498 ) (10,000 )
NET LIABILITIES (17,641 ) (10,956 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Other reserves (5,655 ) (5,655 )
Income Statement (11,987 ) (5,302 )
SHAREHOLDERS' FUNDS (17,641) (10,956)
Page 1
Page 2
For the year ending 31 August 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 Income Statement.
On behalf of the board
Mr Tom Johnson
Director
20/03/2025
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
Joov Sports Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12147989 . The registered office is 77 Church Road, Newport, Gwent, NP19 7EH.
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.
Revenue from the sale of goods is recognised when the significant risks and rewards of
ownership have transferred to the buyer (usually on despatch of the goods); the amount of
revenue can be measured reliably; it is probable that the associated economic benefits will flow to
the entity; and the costs incurred or to be incurred in respect of the transactions can be measured
reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
comprehensive income and accumulated in equity, except to the extent it reverses a revaluation
decrease of the same asset previously recognised in profit or loss. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other comprehensive income to the
extent of any previously recognised revaluation increase accumulated in equity in respect of that
asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in
equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows:
Plant & Machinery 20% Reducing Balance method
2.4. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and
sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
the stock to its present location and condition.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2023 8,630
As at 31 August 2024 8,630
Depreciation
As at 1 September 2023 3,618
Provided during the period 1,049
As at 31 August 2024 4,667
Net Book Value
As at 31 August 2024 3,963
As at 1 September 2023 5,012
5. Stocks
2024 2023
£ £
Stock 5,969 1,179
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,550 7,701
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 191 820
Bank loans and overdrafts 1,775 1,208
Other creditors 13,831 14,142
Taxation and social security 1,972 1,630
17,769 17,800
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,498 10,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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