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AJLBS Ltd
Financial Statements
For The Year Ended 31 December 2024
TaxAssist Accountants
133 Station Road
Sidcup
DA15 7AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09932635
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,256 385
Investment Properties 5 95,340 95,340
96,596 95,725
CURRENT ASSETS
Debtors 6 60,993 113,436
Cash at bank and in hand 75,177 36,496
136,170 149,932
Creditors: Amounts Falling Due Within One Year 7 (182,601 ) (193,173 )
NET CURRENT ASSETS (LIABILITIES) (46,431 ) (43,241 )
TOTAL ASSETS LESS CURRENT LIABILITIES 50,165 52,484
Creditors: Amounts Falling Due After More Than One Year 8 (5,256 ) (13,988 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,214 ) (18,188 )
NET ASSETS 20,695 20,308
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 20,693 20,306
SHAREHOLDERS' FUNDS 20,695 20,308
Page 1
Page 2
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 Daniel Leonard
Director
24 September 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
AJLBS Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09932635 . The registered office is 9 Larch Grove, Sidcup, Kent, DA15 8WQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
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.
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:
Fixtures & Fittings 25% Straightline
Computer Equipment 25% Straightline
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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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: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 4,222 11,802 16,024
Additions 377 1,298 1,675
As at 31 December 2024 4,599 13,100 17,699
Depreciation
As at 1 January 2024 3,968 11,671 15,639
Provided during the period 349 455 804
As at 31 December 2024 4,317 12,126 16,443
Net Book Value
As at 31 December 2024 282 974 1,256
As at 1 January 2024 254 131 385
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5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 95,340
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,199 40,400
Other debtors 17,794 73,036
60,993 113,436
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 41,611 41,870
Other creditors 1,275 1,075
Taxation and social security 139,715 150,228
182,601 193,173
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,256 13,988
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Daniel Leonard 73,035 - 55,241 - 17,794
The above loan is unsecured, repayable on demand and has interest charged at the HMRC official rate of 2.25%.
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