Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 04890639 Mr Jamie Eborall Mrs Kerry Eborall Mr Tim Ferris Mr Jamie Eborall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04890639 2023-11-30 04890639 2024-11-30 04890639 2023-12-01 2024-11-30 04890639 frs-core:CurrentFinancialInstruments 2024-11-30 04890639 frs-core:Non-currentFinancialInstruments 2024-11-30 04890639 frs-core:ComputerEquipment 2024-11-30 04890639 frs-core:ComputerEquipment 2023-12-01 2024-11-30 04890639 frs-core:ComputerEquipment 2023-11-30 04890639 frs-core:FurnitureFittings 2024-11-30 04890639 frs-core:FurnitureFittings 2023-12-01 2024-11-30 04890639 frs-core:FurnitureFittings 2023-11-30 04890639 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 04890639 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 04890639 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 04890639 frs-core:MotorVehicles 2024-11-30 04890639 frs-core:MotorVehicles 2023-12-01 2024-11-30 04890639 frs-core:MotorVehicles 2023-11-30 04890639 frs-core:ShareCapital 2024-11-30 04890639 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 04890639 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04890639 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 04890639 frs-bus:SmallEntities 2023-12-01 2024-11-30 04890639 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 04890639 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04890639 frs-bus:Director1 2023-12-01 2024-11-30 04890639 frs-bus:Director2 2023-12-01 2024-11-30 04890639 frs-bus:Director3 2023-12-01 2024-11-30 04890639 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 04890639 frs-core:CurrentFinancialInstruments 1 2024-11-30 04890639 frs-core:Non-currentFinancialInstruments 1 2024-11-30 04890639 frs-countries:EnglandWales 2023-12-01 2024-11-30 04890639 2022-11-30 04890639 2023-11-30 04890639 2022-12-01 2023-11-30 04890639 frs-core:CurrentFinancialInstruments 2023-11-30 04890639 frs-core:Non-currentFinancialInstruments 2023-11-30 04890639 frs-core:ShareCapital 2023-11-30 04890639 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04890639 frs-core:CurrentFinancialInstruments 1 2023-11-30 04890639 frs-core:Non-currentFinancialInstruments 1 2023-11-30
Registered number: 04890639
JTalk Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Whittles LLP
1 Richmond Road
Lytham St Annes
Lancashire
FY8 1PE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04890639
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 90,197 85,529
90,197 85,529
CURRENT ASSETS
Debtors 5 454,250 525,564
Cash at bank and in hand 821,367 567,438
1,275,617 1,093,002
Creditors: Amounts Falling Due Within One Year 6 (661,339 ) (512,175 )
NET CURRENT ASSETS (LIABILITIES) 614,278 580,827
TOTAL ASSETS LESS CURRENT LIABILITIES 704,475 666,356
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,113 ) (21,382 )
NET ASSETS 677,362 644,974
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 677,352 644,964
SHAREHOLDERS' FUNDS 677,362 644,974
Page 1
Page 2
For the year ending 30 November 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 Jamie Eborall
Director
09/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JTalk Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04890639 . The registered office is 1-3 Railton Road, Woburn Road, Industrial Estate, Kempston, Bedfordshire, MK42 7PN.
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:
Leasehold 5% Reducing Balance
Motor Vehicles 20% on Cost
Fixtures & Fittings 15% on Cost
Computer Equipment 25% on Cost
2.4. 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: 49 (2023: 41)
49 41
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 40,859 54,767 5,365 38,169 139,160
Additions - 54,605 996 20,560 76,161
Disposals - (54,767 ) - (6,017 ) (60,784 )
As at 30 November 2024 40,859 54,605 6,361 52,712 154,537
Depreciation
As at 1 December 2023 16,383 18,254 3,578 15,416 53,631
Provided during the period 1,223 18,200 875 13,178 33,476
Disposals - (18,254 ) - (4,513 ) (22,767 )
As at 30 November 2024 17,606 18,200 4,453 24,081 64,340
Net Book Value
As at 30 November 2024 23,253 36,405 1,908 28,631 90,197
As at 1 December 2023 24,476 36,513 1,787 22,753 85,529
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 316,648 393,248
Other debtors 500 1,000
Net wages 1,735 -
318,883 394,248
Due after more than one year
TJ Building Developments LLP 104,662 100,611
Tax - S455 30,705 30,705
135,367 131,316
454,250 525,564
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,222 30,375
Bank loans and overdrafts 3,912 7,750
Corporation tax 294,056 160,980
Other taxes and social security 61,639 68,376
VAT 189,054 141,238
Net wages - 1,160
...CONTINUED
Page 4
Page 5
Intercompany Loan Account - Kernow Connection Limited (1,560 ) (780 )
Accruals and deferred income 75,367 82,238
Directors' loan accounts 34,649 20,838
661,339 512,175
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 5