Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 13426575 Mr J Badger Mrs J Badger Mrs J Badger iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13426575 2024-05-31 13426575 2025-05-31 13426575 2024-06-01 2025-05-31 13426575 frs-core:CurrentFinancialInstruments 2025-05-31 13426575 frs-core:ComputerEquipment 2025-05-31 13426575 frs-core:ComputerEquipment 2024-06-01 2025-05-31 13426575 frs-core:ComputerEquipment 2024-05-31 13426575 frs-core:FurnitureFittings 2025-05-31 13426575 frs-core:FurnitureFittings 2024-06-01 2025-05-31 13426575 frs-core:FurnitureFittings 2024-05-31 13426575 frs-core:MotorVehicles 2025-05-31 13426575 frs-core:MotorVehicles 2024-06-01 2025-05-31 13426575 frs-core:MotorVehicles 2024-05-31 13426575 frs-core:ShareCapital 2025-05-31 13426575 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 13426575 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 13426575 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 13426575 frs-bus:SmallEntities 2024-06-01 2025-05-31 13426575 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 13426575 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 13426575 frs-bus:Director1 2024-06-01 2025-05-31 13426575 frs-bus:Director2 2024-06-01 2025-05-31 13426575 frs-bus:CompanySecretary1 2024-06-01 2025-05-31 13426575 frs-countries:EnglandWales 2024-06-01 2025-05-31 13426575 2023-05-31 13426575 2024-05-31 13426575 2023-06-01 2024-05-31 13426575 frs-core:CurrentFinancialInstruments 2024-05-31 13426575 frs-core:ShareCapital 2024-05-31 13426575 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 13426575
JPAQ Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13426575
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 97,565 118,041
97,565 118,041
CURRENT ASSETS
Stocks 5 124,464 67,459
Debtors 6 72,658 50,804
Cash at bank and in hand 72,694 75,296
269,816 193,559
Creditors: Amounts Falling Due Within One Year 7 (100,318 ) (50,164 )
NET CURRENT ASSETS (LIABILITIES) 169,498 143,395
TOTAL ASSETS LESS CURRENT LIABILITIES 267,063 261,436
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,391 ) (29,510 )
NET ASSETS 242,672 231,926
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 242,572 231,826
SHAREHOLDERS' FUNDS 242,672 231,926
Page 1
Page 2
For the year ending 31 May 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 J Badger
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
JPAQ Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13426575 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
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. 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:
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.4. 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.
Page 3
Page 4
2.5. 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.
2.6. 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.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
Page 4
Page 5
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2024 129,690 180 13,941 143,811
Additions - - 3,534 3,534
As at 31 May 2025 129,690 180 17,475 147,345
Depreciation
As at 1 June 2024 21,817 36 3,917 25,770
Provided during the period 21,574 36 2,400 24,010
As at 31 May 2025 43,391 72 6,317 49,780
Net Book Value
As at 31 May 2025 86,299 108 11,158 97,565
As at 1 June 2024 107,873 144 10,024 118,041
5. Stocks
2025 2024
£ £
Work in progress 124,464 67,459
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 27,020
Other debtors 72,658 23,784
72,658 50,804
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 204 803
Other creditors 7,253 2,080
Taxation and social security 92,861 47,281
100,318 50,164
Page 5
Page 6
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 6