Acorah Software Products - Accounts Production 16.8.200 false true 31 January 2024 10 January 2023 false 1 February 2024 31 January 2025 31 January 2025 14582425 Mr Kerome Greaves Ms Simiatu Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14582425 2024-01-31 14582425 2025-01-31 14582425 2024-02-01 2025-01-31 14582425 frs-core:CurrentFinancialInstruments 2025-01-31 14582425 frs-core:PlantMachinery 2025-01-31 14582425 frs-core:PlantMachinery 2024-02-01 2025-01-31 14582425 frs-core:PlantMachinery 2024-01-31 14582425 frs-core:ShareCapital 2025-01-31 14582425 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 14582425 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 14582425 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 14582425 frs-bus:SmallEntities 2024-02-01 2025-01-31 14582425 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 14582425 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 14582425 frs-bus:Director1 2024-02-01 2025-01-31 14582425 frs-bus:Director1 2024-01-31 14582425 frs-bus:Director1 2025-01-31 14582425 frs-bus:Director2 2024-02-01 2025-01-31 14582425 frs-countries:EnglandWales 2024-02-01 2025-01-31 14582425 2023-01-09 14582425 2024-01-31 14582425 2023-01-10 2024-01-31 14582425 frs-core:CurrentFinancialInstruments 2024-01-31 14582425 frs-core:ShareCapital 2024-01-31 14582425 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 14582425
DAMILOLA JEWELLERY LTD
Unaudited Financial Statements
For The Year Ended 31 January 2025
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DAMILOLA JEWELLERY LTD
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—3

Page 1
DAMILOLA JEWELLERY LTD
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 14582425

| 31 January 2025 | 31 January 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,338 |  | 1,500
|  |  | 1,338 |  | 1,500
CURRENT ASSETS
Cash at bank and in hand |  | 9,831 |  | 10,000 |
|  | 9,831 |  | 10,000 |
Creditors: Amounts Falling Due Within One Year | 6 | (10,474 ) |  | - |
NET CURRENT ASSETS (LIABILITIES) |  |  | (643 ) |  | 10,000
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 695 |  | 11,500
NET ASSETS |  |  | 695 |  | 11,500
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | 595 |  | 11,400
SHAREHOLDERS' FUNDS |  |  | 695 |  | 11,500

For the year ending 31 January 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 Kerome Greaves Director
17/11/2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
DAMILOLA JEWELLERY LTD
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
DAMILOLA JEWELLERY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14582425 . The registered office is 61 Bridge Street, Kington, HR5 3DJ.
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.
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:

Plant & Machinery | 25% Reducing balance method

2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 2
Page 3
DAMILOLA JEWELLERY LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
4. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 February 2024 | 1,500
Additions | 242
As at 31 January 2025 | 1,742
Depreciation
As at 1 February 2024 | -
Provided during the period | 404
As at 31 January 2025 | 404
Net Book Value
As at 31 January 2025 | 1,338
As at 1 February 2024 | 1,500

5. Debtors

| 31 January 2025 |  | 31 January 2024
--- | --- | --- | ---
| £ |  | £
Due within one year

6. Creditors: Amounts Falling Due Within One Year

| 31 January 2025 |  | 31 January 2024
--- | --- | --- | ---
| £ |  | £
Corporation tax | 126 |  | -
VAT | 2,761 |  | -
Accruals and deferred income | 595 |  | -
Directors' loan accounts | 6,992 |  | -
| 10,474 |  | -

7. Share Capital

| 31 January 2025 |  | 31 January 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 February 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Kerome Greaves | - | (17,210 ) | 10,217 | - | (6,992 )

The above loan is unsecured, interest free and repayable on demand.
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