Acorah Software Products - Accounts Production 16.2.850 false true true 30 April 2023 1 May 2022 false 1 May 2023 29 April 2024 29 April 2024 07150993 Mr Jason Atherton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07150993 2023-04-30 07150993 2024-04-29 07150993 2023-05-01 2024-04-29 07150993 frs-core:CurrentFinancialInstruments 2024-04-29 07150993 frs-core:Non-currentFinancialInstruments 2024-04-29 07150993 frs-core:NetGoodwill 2024-04-29 07150993 frs-core:NetGoodwill 2023-05-01 2024-04-29 07150993 frs-core:NetGoodwill 2023-04-30 07150993 frs-core:ShareCapital 2024-04-29 07150993 frs-core:RetainedEarningsAccumulatedLosses 2024-04-29 07150993 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-29 07150993 frs-bus:FilletedAccounts 2023-05-01 2024-04-29 07150993 frs-bus:SmallEntities 2023-05-01 2024-04-29 07150993 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-29 07150993 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-29 07150993 frs-bus:Director1 2023-05-01 2024-04-29 07150993 frs-bus:Director1 2023-04-30 07150993 frs-bus:Director1 2024-04-29 07150993 frs-countries:EnglandWales 2023-05-01 2024-04-29 07150993 2022-04-30 07150993 2023-04-30 07150993 2022-05-01 2023-04-30 07150993 frs-core:CurrentFinancialInstruments 2023-04-30 07150993 frs-core:Non-currentFinancialInstruments 2023-04-30 07150993 frs-core:ShareCapital 2023-04-30 07150993 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07150993
JASON ATHERTON LIMITED
Financial Statements
For The Year Ended 29 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07150993
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,469 1,871
1,469 1,871
CURRENT ASSETS
Debtors 5 2,026,370 2,158,060
Cash at bank and in hand 17 28
2,026,387 2,158,088
Creditors: Amounts Falling Due Within One Year 6 (1,856,558 ) (1,760,938 )
NET CURRENT ASSETS (LIABILITIES) 169,829 397,150
TOTAL ASSETS LESS CURRENT LIABILITIES 171,298 399,021
Creditors: Amounts Falling Due After More Than One Year 7 (358,366 ) (541,500 )
NET LIABILITIES (187,068 ) (142,479 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (187,168 ) (142,579 )
SHAREHOLDERS' FUNDS (187,068) (142,479)
For the year ending 29 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
Mr Jason Atherton
Director
15/01/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
JASON ATHERTON LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07150993 . The registered office is 13 Pollen Street, London, W1S 1NH.
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. Going Concern Disclosure
The balance sheet is showing net liabilities of £142479.00 (2022: £70,581) but net current assets of £397,150.00 (2022:
369,646). The director has reviewed the position and is confident the company can meet its liabilities as they fall
due with the continued support of the company's bankers and creditors.
2.3. 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
Revenue from a contract to provide services is recognised in the period in which the services are provided in
accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
2.4. 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 .... years.
2.5. Financial Instruments
(i) Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured
at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest rate method.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value
of the future payments discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
2.6. Taxation
The tax expense for the year comprises current and deferred tax.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised
as other comprehensive income or to an item recognised directly in equity is also recognised in other
comprehensive income or directly in equity respectively.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by
the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have
been met.
Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 6,025
As at 29 April 2024 6,025
Amortisation
As at 1 May 2023 4,154
Provided during the period 402
As at 29 April 2024 4,556
Net Book Value
As at 29 April 2024 1,469
As at 1 May 2023 1,871
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 471,133 609,171
VAT 2,298 2,302
Other taxes and social security 15,605 15,605
Director's loan account 1,537,334 1,530,982
2,026,370 2,158,060
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,854,308 -
Other creditors - 1,758,688
Accruals and deferred income 2,250 2,250
1,856,558 1,760,938
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 370,500 541,500
Corporation tax (12,134 ) -
358,366 541,500
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3
Page 4
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 29 April 2024
£ £ £ £ £
Mr Jason Atherton 1,530,981 - - - 1,537,333
The above loan is unsecured, interest free and repayable on demand.
Page 4