Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC451036 Dr Andrew Spragg Mr Thomas-Paul Descamps Mr Stephane Thiroloix Mrs Margaret Pax Mr Andreas Weymann Dr Andrew Spragg iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC451036 2023-12-31 SC451036 2024-12-31 SC451036 2024-01-01 2024-12-31 SC451036 frs-core:CurrentFinancialInstruments 2024-12-31 SC451036 frs-core:ComputerEquipment 2024-12-31 SC451036 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC451036 frs-core:ComputerEquipment 2023-12-31 SC451036 frs-core:FurnitureFittings 2024-12-31 SC451036 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC451036 frs-core:FurnitureFittings 2023-12-31 SC451036 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC451036 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC451036 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC451036 frs-core:SharePremium 2024-12-31 SC451036 frs-core:ShareCapital 2024-12-31 SC451036 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC451036 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC451036 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC451036 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC451036 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC451036 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC451036 frs-bus:Director1 2024-01-01 2024-12-31 SC451036 frs-bus:Director2 2024-01-01 2024-12-31 SC451036 frs-bus:Director3 2024-01-01 2024-12-31 SC451036 frs-bus:Director4 2024-01-01 2024-12-31 SC451036 frs-bus:Director5 2024-01-01 2024-12-31 SC451036 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 SC451036 frs-countries:Scotland 2024-01-01 2024-12-31 SC451036 2022-12-31 SC451036 2023-12-31 SC451036 2023-01-01 2023-12-31 SC451036 frs-core:CurrentFinancialInstruments 2023-12-31 SC451036 frs-core:SharePremium 2023-12-31 SC451036 frs-core:ShareCapital 2023-12-31 SC451036 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC451036
Jellagen Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
First Base Accountants
Pavilion 2
Castlecraig Business Park
Stirling
FK7 7SH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC451036
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 456,987 425,242
456,987 425,242
CURRENT ASSETS
Stocks 5 11,690 26,277
Debtors 6 83,033 130,821
Cash at bank and in hand 1,600,092 3,641,981
1,694,815 3,799,079
Creditors: Amounts Falling Due Within One Year 7 (350,143 ) (220,037 )
NET CURRENT ASSETS (LIABILITIES) 1,344,672 3,579,042
TOTAL ASSETS LESS CURRENT LIABILITIES 1,801,659 4,004,284
NET ASSETS 1,801,659 4,004,284
CAPITAL AND RESERVES
Called up share capital 8 1,484 1,450
Share premium account 16,772,354 16,272,380
Profit and Loss Account (14,972,179 ) (12,269,546 )
SHAREHOLDERS' FUNDS 1,801,659 4,004,284
Page 1
Page 2
For the year ending 31 December 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 Thomas-Paul Descamps
Director
19/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Jellagen Limited is a private company, limited by shares, incorporated in Scotland, registered number SC451036 . The registered office is Pavilion 2 Castlecraig Busines Park, Players Road, Stirling, FK7 7SH.
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:
Freehold £Nil
Fixtures & Fittings 50% Straight line
Production Assets 20%Straight line
2.4. 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.
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 18 (2023: 22)
18 22
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Production Assets Total
£ £ £ £
Cost
As at 1 January 2024 34,122 62,580 1,106,347 1,203,049
Additions 1,400 3,690 171,512 176,602
Disposals - (1,570 ) (14,136 ) (15,706 )
As at 31 December 2024 35,522 64,700 1,263,723 1,363,945
Depreciation
As at 1 January 2024 12,741 54,657 710,409 777,807
Provided during the period 19,039 6,397 119,421 144,857
Disposals - (1,570 ) (14,136 ) (15,706 )
As at 31 December 2024 31,780 59,484 815,694 906,958
...CONTINUED
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Net Book Value
As at 31 December 2024 3,742 5,216 448,029 456,987
As at 1 January 2024 21,381 7,923 395,938 425,242
5. Stocks
2024 2023
£ £
Materials 11,690 26,277
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 38,016
Prepayments and accrued income 29,983 19,209
VAT 53,050 73,596
83,033 130,821
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 235,346 105,784
Net wages 18,297 47,541
Accruals and deferred income 96,500 66,712
350,143 220,037
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,484 1,450
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