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Registered number: 07387846
JOLLYROGER LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 07387846
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,865 13,990
Tangible Assets 5 798,041 797,229
809,906 811,219
CURRENT ASSETS
Stocks 6 98,908 83,980
Debtors 7 28,257 22,617
Cash at bank and in hand 306,207 370,601
433,372 477,198
Creditors: Amounts Falling Due Within One Year 8 (126,816 ) (173,546 )
NET CURRENT ASSETS (LIABILITIES) 306,556 303,652
TOTAL ASSETS LESS CURRENT LIABILITIES 1,116,462 1,114,871
PROVISIONS FOR LIABILITIES
Deferred Taxation (39,873 ) (37,138 )
NET ASSETS 1,076,589 1,077,733
CAPITAL AND RESERVES
Called up share capital 9 1 1
Income Statement 1,076,588 1,077,732
SHAREHOLDERS' FUNDS 1,076,589 1,077,733
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Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr C A Sims
Director
23/12/2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
JOLLYROGER LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07387846 . The registered office is The Mill, St Johns Lane, Bovey Tracey, Devon, TQ13 9FF.
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.
2.3. 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. It is amortised to income statement over its estimated economic life of 20 years.
2.4. 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:
Freehold 2% reducing balance
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
No depreciation is provided on Freehold land.
2.5. Stocks and Work in Progress
Stocks 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. 
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2.6. Financial Instruments
Financial instruments are classified and accounted for, according to substance of contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any comtract that evidences a residual interest in the assets of the company after deducting all its liabilities.
2.7. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.  The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units. 
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2.9. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises. 
2.10. Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 5)
7 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 42,500
As at 31 March 2025 42,500
Amortisation
As at 1 April 2024 28,510
Provided during the period 2,125
As at 31 March 2025 30,635
Net Book Value
As at 31 March 2025 11,865
As at 1 April 2024 13,990
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2024 787,081 181,576 80,182 1,048,839
Additions - 47,564 - 47,564
Disposals - (14,846 ) - (14,846 )
As at 31 March 2025 787,081 214,294 80,182 1,081,557
Depreciation
As at 1 April 2024 80,291 112,969 58,350 251,610
Provided during the period 11,290 28,722 5,458 45,470
Disposals - (13,564 ) - (13,564 )
As at 31 March 2025 91,581 128,127 63,808 283,516
Net Book Value
As at 31 March 2025 695,500 86,167 16,374 798,041
As at 1 April 2024 706,790 68,607 21,832 797,229
6. Stocks
2025 2024
£ £
Finished goods 96,769 80,732
Work in progress 2,139 3,248
98,908 83,980
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 19,235 1,062
Prepayments and accrued income 8,803 6,164
Other debtors - 15,391
Other taxes and social security 219 -
28,257 22,617
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 10,773 10,568
Corporation tax 8,483 25,406
Other taxes and social security - 1,638
VAT 6,230 33,927
Other creditors 6,097 -
Pension Creditor 398 386
Accruals and deferred income 1,982 1,903
Director's loan account 92,853 94,159
Payments on account - 5,559
126,816 173,546
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
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