Acorah Software Products - Accounts Production 16.5.460 false true true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 05776194 Mr Jurgen Vallons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05776194 2024-04-30 05776194 2025-04-30 05776194 2024-05-01 2025-04-30 05776194 frs-core:Non-currentFinancialInstruments 2025-04-30 05776194 frs-core:FurnitureFittings 2024-05-01 2025-04-30 05776194 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 05776194 frs-core:MotorVehicles 2024-05-01 2025-04-30 05776194 frs-core:PlantMachinery 2024-05-01 2025-04-30 05776194 frs-core:ShareCapital 2025-04-30 05776194 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 05776194 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 05776194 frs-bus:AbridgedAccounts 2024-05-01 2025-04-30 05776194 frs-bus:SmallEntities 2024-05-01 2025-04-30 05776194 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 05776194 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 05776194 frs-bus:Director1 2024-05-01 2025-04-30 05776194 frs-countries:EnglandWales 2024-05-01 2025-04-30 05776194 2023-04-30 05776194 2024-04-30 05776194 2023-05-01 2024-04-30 05776194 frs-core:Non-currentFinancialInstruments 2024-04-30 05776194 frs-core:ShareCapital 2024-04-30 05776194 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 05776194
Jm-Imports Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 05776194
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 158,403 180,578
158,403 180,578
CURRENT ASSETS
Stocks 378,750 335,450
Debtors 85,238 177,851
Cash at bank and in hand 65,174 56,216
529,162 569,517
Creditors: Amounts Falling Due Within One Year (208,148 ) (235,167 )
NET CURRENT ASSETS (LIABILITIES) 321,014 334,350
TOTAL ASSETS LESS CURRENT LIABILITIES 479,417 514,928
Creditors: Amounts Falling Due After More Than One Year (150,476 ) (200,739 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (2,014 )
NET ASSETS 328,941 312,175
CAPITAL AND RESERVES
Called up share capital 5 1 1
Income Statement 328,940 312,174
SHAREHOLDERS' FUNDS 328,941 312,175
Page 1
Page 2
For the year ending 30 April 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.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 30 April 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Jurgen Vallons
Director
12/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Jm-Imports Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05776194 . The registered office is Unit 12 Bellway Industrial Estate, Whitley Road, Longbenton, Newcastle upon Tyne, NE12 9SW.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
Income Recognition and Work in Progress
Revenue is recognised at the point at which goods and services are supplied to customers. Where services have been performed/goods ordered and the proportion not invoiced until after the year end, specific revenue is recognised and provided for by reference to the value of work performed.
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:
Leasehold 4% Straight Line
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.5. 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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 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.
Page 3
Page 4
2.7. Research & Development
Expenditure on Research & Development is written off in the year which it is incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 13)
13 13
4. Tangible Assets
Total
£
Cost
As at 1 May 2024 405,697
Additions 13,367
As at 30 April 2025 419,064
Depreciation
As at 1 May 2024 225,119
Provided during the period 35,542
As at 30 April 2025 260,661
Net Book Value
As at 30 April 2025 158,403
As at 1 May 2024 180,578
5. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4