Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08665069 Mrs Suzanne O'Donnell Mr Barry O'Donnell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08665069 2023-12-31 08665069 2024-12-31 08665069 2024-01-01 2024-12-31 08665069 frs-core:CurrentFinancialInstruments 2024-12-31 08665069 frs-core:Non-currentFinancialInstruments 2024-12-31 08665069 frs-core:FurnitureFittings 2024-12-31 08665069 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08665069 frs-core:FurnitureFittings 2023-12-31 08665069 frs-core:MotorVehicles 2024-12-31 08665069 frs-core:MotorVehicles 2024-01-01 2024-12-31 08665069 frs-core:MotorVehicles 2023-12-31 08665069 frs-core:PlantMachinery 2024-12-31 08665069 frs-core:PlantMachinery 2024-01-01 2024-12-31 08665069 frs-core:PlantMachinery 2023-12-31 08665069 frs-core:ShareCapital 2024-12-31 08665069 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08665069 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08665069 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08665069 frs-bus:SmallEntities 2024-01-01 2024-12-31 08665069 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08665069 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08665069 frs-bus:Director1 2024-01-01 2024-12-31 08665069 frs-bus:Director2 2024-01-01 2024-12-31 08665069 frs-countries:EnglandWales 2024-01-01 2024-12-31 08665069 2022-12-31 08665069 2023-12-31 08665069 2023-01-01 2023-12-31 08665069 frs-core:CurrentFinancialInstruments 2023-12-31 08665069 frs-core:Non-currentFinancialInstruments 2023-12-31 08665069 frs-core:ShareCapital 2023-12-31 08665069 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08665069
Jade Fisheries Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08665069
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 109,545 50,667
109,545 50,667
CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 5,926 49,267
Cash at bank and in hand 500 500
7,426 50,767
Creditors: Amounts Falling Due Within One Year 7 (62,566 ) (39,865 )
NET CURRENT ASSETS (LIABILITIES) (55,140 ) 10,902
TOTAL ASSETS LESS CURRENT LIABILITIES 54,405 61,569
Creditors: Amounts Falling Due After More Than One Year 8 (15,766 ) (25,771 )
NET ASSETS 38,639 35,798
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 38,637 35,796
SHAREHOLDERS' FUNDS 38,639 35,798
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For the year ending 31 December 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 Barry O'Donnell
Director
15th September 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
Jade Fisheries Limited Registered number 08665069 is a limited by shares company incorporated in England & Wales. The Registered Office is 43 Mount Road, Fleetwood, Lancashire, FY7 6QZ.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 10% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 10% 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.
2.5. 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: 8 (2023: 10)
8 10
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 37,367 51,240 - 88,607
Additions - - 74,693 74,693
As at 31 December 2024 37,367 51,240 74,693 163,300
Depreciation
As at 1 January 2024 19,494 18,446 - 37,940
Provided during the period 1,787 6,559 7,469 15,815
As at 31 December 2024 21,281 25,005 7,469 53,755
Net Book Value
As at 31 December 2024 16,086 26,235 67,224 109,545
As at 1 January 2024 17,873 32,794 - 50,667
5. Stocks
2024 2023
£ £
Stock 1,000 1,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,500 1,500
Prepayments and accrued income - 25,000
VAT 4,426 22,767
5,926 49,267
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,452 15,452
Bank loans and overdrafts 46,516 19,567
Corporation tax 3,873 3,169
Other taxes and social security 42 53
Accrued expenses 1,300 1,200
Directors' loan accounts 383 424
62,566 39,865
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,766 25,771
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5