Acorah Software Products - Accounts Production 16.3.350 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 13122921 Mr Karundeep Bal Mr Ryan Khaira Mr Ryan Khaira iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13122921 2024-01-31 13122921 2025-01-31 13122921 2024-02-01 2025-01-31 13122921 frs-core:CurrentFinancialInstruments 2025-01-31 13122921 frs-core:Non-currentFinancialInstruments 2025-01-31 13122921 frs-core:FurnitureFittings 2024-02-01 2025-01-31 13122921 frs-core:NetGoodwill 2025-01-31 13122921 frs-core:NetGoodwill 2024-02-01 2025-01-31 13122921 frs-core:NetGoodwill 2024-01-31 13122921 frs-core:LandBuildings 2025-01-31 13122921 frs-core:LandBuildings 2024-02-01 2025-01-31 13122921 frs-core:LandBuildings 2024-01-31 13122921 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 13122921 frs-core:PlantMachinery 2025-01-31 13122921 frs-core:PlantMachinery 2024-02-01 2025-01-31 13122921 frs-core:PlantMachinery 2024-01-31 13122921 frs-core:ShareCapital 2025-01-31 13122921 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 13122921 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13122921 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 13122921 frs-bus:SmallEntities 2024-02-01 2025-01-31 13122921 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13122921 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13122921 frs-bus:Director1 2024-02-01 2025-01-31 13122921 frs-bus:Director2 2024-02-01 2025-01-31 13122921 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 13122921 frs-countries:EnglandWales 2024-02-01 2025-01-31 13122921 2023-01-31 13122921 2024-01-31 13122921 2023-02-01 2024-01-31 13122921 frs-core:CurrentFinancialInstruments 2024-01-31 13122921 frs-core:Non-currentFinancialInstruments 2024-01-31 13122921 frs-core:ShareCapital 2024-01-31 13122921 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 13122921
Jaysons Optical Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 13122921
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 208,250 238,000
Tangible Assets 5 247,765 252,192
456,015 490,192
CURRENT ASSETS
Stocks 6 17,350 18,920
Debtors 7 78,455 15,278
Cash at bank and in hand 5,474 32,135
101,279 66,333
Creditors: Amounts Falling Due Within One Year 8 (178,567 ) (180,242 )
NET CURRENT ASSETS (LIABILITIES) (77,288 ) (113,909 )
TOTAL ASSETS LESS CURRENT LIABILITIES 378,727 376,283
Creditors: Amounts Falling Due After More Than One Year 9 (320,300 ) (362,107 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,888 ) (2,995 )
NET ASSETS 56,539 11,181
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 56,439 11,081
SHAREHOLDERS' FUNDS 56,539 11,181
Page 1
Page 2
For the year ending 31 January 2025 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 Ryan Khaira
Director
30 May 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jaysons Optical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13122921 . The registered office is 32 De Montfort Street , Leicester, Leicestershire, LE1 7GD.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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
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.
2.4. 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 ten years.
2.5. 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 not depreciated
Fixtures & Fittings 25% on cost
Page 3
Page 4
2.6. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.8. 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.
2.9. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10. 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 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.
Page 4
Page 5
2.11. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.12. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 9)
10 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 297,500
As at 31 January 2025 297,500
Amortisation
As at 1 February 2024 59,500
Provided during the period 29,750
As at 31 January 2025 89,250
Net Book Value
As at 31 January 2025 208,250
As at 1 February 2024 238,000
Page 5
Page 6
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 February 2024 240,213 17,706 257,919
As at 31 January 2025 240,213 17,706 257,919
Depreciation
As at 1 February 2024 - 5,727 5,727
Provided during the period - 4,427 4,427
As at 31 January 2025 - 10,154 10,154
Net Book Value
As at 31 January 2025 240,213 7,552 247,765
As at 1 February 2024 240,213 11,979 252,192
6. Stocks
2025 2024
£ £
Finished goods 17,350 18,920
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 21,234 9,226
Other debtors 57,221 6,052
78,455 15,278
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 1,752
Bank loans and overdrafts 44,774 41,808
Other creditors 106,919 112,356
Taxation and social security 26,874 24,326
178,567 180,242
Page 6
Page 7
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 320,300 362,107
Page 7