Acorah Software Products - Accounts Production 16.3.350 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07006468 Mr John Mark Garner J M Garner & L A Garner true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07006468 2023-09-30 07006468 2024-09-30 07006468 2023-10-01 2024-09-30 07006468 frs-core:CurrentFinancialInstruments 2024-09-30 07006468 frs-core:ComputerEquipment 2024-09-30 07006468 frs-core:ComputerEquipment 2023-10-01 2024-09-30 07006468 frs-core:ComputerEquipment 2023-09-30 07006468 frs-core:ShareCapital 2024-09-30 07006468 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07006468 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07006468 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07006468 frs-bus:SmallEntities 2023-10-01 2024-09-30 07006468 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07006468 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07006468 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30 07006468 frs-bus:OrdinaryShareClass1 2024-09-30 07006468 1 2023-10-01 2024-09-30 07006468 frs-bus:Director1 2023-10-01 2024-09-30 07006468 frs-bus:Director1 2023-09-30 07006468 frs-bus:Director1 2024-09-30 07006468 frs-core:CurrentFinancialInstruments 1 2024-09-30 07006468 frs-core:CurrentFinancialInstruments 2 2024-09-30 07006468 frs-core:CurrentFinancialInstruments 3 2024-09-30 07006468 frs-countries:EnglandWales 2023-10-01 2024-09-30 07006468 2022-09-30 07006468 2023-09-30 07006468 2022-10-01 2023-09-30 07006468 frs-core:CurrentFinancialInstruments 2023-09-30 07006468 frs-core:ShareCapital 2023-09-30 07006468 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 07006468 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30 07006468 frs-core:CurrentFinancialInstruments 1 2023-09-30 07006468 frs-core:CurrentFinancialInstruments 2 2023-09-30 07006468 frs-core:CurrentFinancialInstruments 3 2023-09-30
Registered number: 07006468
JMG Business Development Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07006468
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 8
- 8
CURRENT ASSETS
Debtors 5 12,204 12,743
Cash at bank and in hand 304 374
12,508 13,117
Creditors: Amounts Falling Due Within One Year 6 (26,085 ) (23,113 )
NET CURRENT ASSETS (LIABILITIES) (13,577 ) (9,996 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,577 ) (9,988 )
NET LIABILITIES (13,577 ) (9,988 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (13,579 ) (9,990 )
SHAREHOLDERS' FUNDS (13,577) (9,988)
For the year ending 30 September 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 John Mark Garner
Director
17 June 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
JMG Business Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07006468 . The registered office is Brookman, 145/147 Hatfield Road, St Albans , Hertfordshire , AL1 4JY.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. 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:
Computer Equipment 25% on cost
2.5. 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:
2024 2023
Office and administration 1 1
1 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 3,363
As at 30 September 2024 3,363
Depreciation
As at 1 October 2023 3,355
Provided during the period 8
As at 30 September 2024 3,363
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 8
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - ABNS Intercompany 5,540 6,079
S455 Tax 3,001 3,001
Corporation tax recoverable assets 3,663 3,663
12,204 12,743
Included in Amounts owed by group undertakings is a balance of £5,540 (2023: £6,079) which is owed by A Brand New Start Ltd (Company number 07006570), of which John Garner is director.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security - 251
VAT 463 453
Credit card 679 765
Other creditors - Capitalontap 7,091 4,884
Bounce Back Loan 12,963 15,185
Director's loan account 4,889 1,575
26,085 23,113
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
Page 3
Page 4
8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr John Mark Garner (1,575 ) 2,997 (6,311 ) - (4,889 )
The above loan is unsecured, interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling parties are J M Garner & L A Garner by virtue of their ownership of 50% each of the issued share capital in the company.
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