Acorah Software Products - Accounts Production 16.4.675 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 03859907 J Lishak A How Kee Chun iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03859907 2023-10-31 03859907 2024-10-31 03859907 2023-11-01 2024-10-31 03859907 frs-core:CurrentFinancialInstruments 2024-10-31 03859907 frs-core:Non-currentFinancialInstruments 2024-10-31 03859907 frs-core:ComputerEquipment 2024-10-31 03859907 frs-core:ComputerEquipment 2023-11-01 2024-10-31 03859907 frs-core:ComputerEquipment 2023-10-31 03859907 frs-core:FurnitureFittings 2024-10-31 03859907 frs-core:FurnitureFittings 2023-11-01 2024-10-31 03859907 frs-core:FurnitureFittings 2023-10-31 03859907 frs-core:NetGoodwill 2024-10-31 03859907 frs-core:NetGoodwill 2023-11-01 2024-10-31 03859907 frs-core:NetGoodwill 2023-10-31 03859907 frs-core:MotorVehicles 2024-10-31 03859907 frs-core:MotorVehicles 2023-11-01 2024-10-31 03859907 frs-core:MotorVehicles 2023-10-31 03859907 frs-core:ShareCapital 2024-10-31 03859907 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 03859907 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03859907 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 03859907 frs-bus:SmallEntities 2023-11-01 2024-10-31 03859907 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03859907 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03859907 frs-bus:Director1 2023-11-01 2024-10-31 03859907 frs-bus:Director2 2023-11-01 2024-10-31 03859907 frs-countries:EnglandWales 2023-11-01 2024-10-31 03859907 2022-10-31 03859907 2023-10-31 03859907 2022-11-01 2023-10-31 03859907 frs-core:CurrentFinancialInstruments 2023-10-31 03859907 frs-core:Non-currentFinancialInstruments 2023-10-31 03859907 frs-core:ShareCapital 2023-10-31 03859907 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 03859907
Jones & Partners Limited
Financial Statements
For The Year Ended 31 October 2024
Jones & Partners Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03859907
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 23,251 48,948
23,251 48,948
CURRENT ASSETS
Debtors 6 1,223,187 1,150,994
Cash at bank and in hand 35 10
1,223,222 1,151,004
Creditors: Amounts Falling Due Within One Year 7 (872,979 ) (784,342 )
NET CURRENT ASSETS (LIABILITIES) 350,243 366,662
TOTAL ASSETS LESS CURRENT LIABILITIES 373,494 415,610
Creditors: Amounts Falling Due After More Than One Year 8 (193,836 ) (249,166 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,418 ) (9,300 )
NET ASSETS 175,240 157,144
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 175,238 157,142
SHAREHOLDERS' FUNDS 175,240 157,144
Page 1
Page 2
For the year ending 31 October 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
J Lishak
Director
31 July 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jones & Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03859907 . The registered office is 2nd Floor, Butler House, 177-178 Tottenham Court Road, 1-9 Romford Road, London, W1T 7AF.
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 are closely monitoring the impact of COVID-19 on the activities of the company and after making appropriate enquiries, they have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, having taken into account the
impact of the pandemic on the business.
Based on the directors' assessment, the company continues to adopt the going concern basis in preparing the financial statements.
2.3. Turnover
Turnover represents net invoiced sales of services excluding value added tax.
Services provided to customers which at the balance sheet date have not been billed, have been recognised as revenue. Revenue recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the contract.
Revenue is only recognised where the company has a contractual right to receive consideration for work undertaken.
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.
Goodwill is tested annually for impairment and carried at cost less accumulated impairment losses. Any impairment is recognised immediately in the profit and loss account. Subsequent reversals of impairment losses for goodwill are not recognised.
It is amortised to profit and loss account over its estimated economic life of 5 years.
Page 3
Page 4
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:
Motor Vehicles Straight line over 4 years
Fixtures & Fittings 25% on written down value
Computer Equipment 25% on written down value
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.7. Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of
the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 12)
14 12
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 990,000
As at 31 October 2024 990,000
Amortisation
As at 1 November 2023 990,000
As at 31 October 2024 990,000
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 94,775 99,728 41,167 235,670
Additions - 633 4,222 4,855
As at 31 October 2024 94,775 100,361 45,389 240,525
Depreciation
As at 1 November 2023 69,878 84,445 32,399 186,722
Provided during the period 23,688 3,900 2,964 30,552
As at 31 October 2024 93,566 88,345 35,363 217,274
Net Book Value
As at 31 October 2024 1,209 12,016 10,026 23,251
As at 1 November 2023 24,897 15,283 8,768 48,948
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 615,265 675,311
Prepayments and accrued income 345,411 271,568
Other debtors 262,511 204,115
1,223,187 1,150,994
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 177,342 148,063
Bank loans and overdrafts 55,121 65,335
Corporation tax 94,988 141,775
Other taxes and social security 17,770 16,560
VAT 270,981 229,190
Other creditors 118,901 65,096
Accruals and deferred income 137,876 118,323
872,979 784,342
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 193,836 205,750
Other creditors - 43,416
193,836 249,166
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 192,355 197,277
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Contingent Liabilities
A technical issue relating to the treatment of intangible assets has been raised by HMRC in the company's accounts for the year ended 31 October 2016 and discussions on this matter are ongoing. The company has engaged external advisers who have confirmed their agreement with the original treatment and are confident that there should be no material change to the treatment originally adopted by the company. If on the conclusion of the discussions an adjustment is necessary, this may give rise to additional tax liabilities, both for this and earlier years, but it is not currently possible to quantify what that adjustment might be at this stage, due to the uncertainty of the outcome of the enquiry and therefore no liability has been provided in these accounts.
12. Related Party Transactions
As at the year end, the debt owed from J Lishak, a director and shareholder, was £233,572 (2023 - £176,563)
This loan was interest free and £150,000 repaid on 30 April 2025.
Page 6