Acorah Software Products - Accounts Production 19.4.300 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 10167246 Mr Lee Morgan Mrs Joanne Morgan Mr Lee Morgan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10167246 2024-08-31 10167246 2025-08-31 10167246 2024-09-01 2025-08-31 10167246 frs-core:CurrentFinancialInstruments 2025-08-31 10167246 frs-core:Non-currentFinancialInstruments 2025-08-31 10167246 frs-core:BetweenOneFiveYears 2025-08-31 10167246 frs-core:ComputerEquipment 2025-08-31 10167246 frs-core:ComputerEquipment 2024-09-01 2025-08-31 10167246 frs-core:ComputerEquipment 2024-08-31 10167246 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-01 2025-08-31 10167246 frs-core:FurnitureFittings 2025-08-31 10167246 frs-core:FurnitureFittings 2024-09-01 2025-08-31 10167246 frs-core:FurnitureFittings 2024-08-31 10167246 frs-core:NetGoodwill 2025-08-31 10167246 frs-core:NetGoodwill 2024-09-01 2025-08-31 10167246 frs-core:NetGoodwill 2024-08-31 10167246 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-08-31 10167246 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-01 2025-08-31 10167246 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 10167246 frs-core:MotorVehicles 2025-08-31 10167246 frs-core:MotorVehicles 2024-09-01 2025-08-31 10167246 frs-core:MotorVehicles 2024-08-31 10167246 frs-core:OtherResidualIntangibleAssets 2025-08-31 10167246 frs-core:OtherResidualIntangibleAssets 2024-09-01 2025-08-31 10167246 frs-core:OtherResidualIntangibleAssets 2024-08-31 10167246 frs-core:PlantMachinery 2025-08-31 10167246 frs-core:PlantMachinery 2024-09-01 2025-08-31 10167246 frs-core:PlantMachinery 2024-08-31 10167246 frs-core:WithinOneYear 2025-08-31 10167246 frs-core:SharePremium 2025-08-31 10167246 frs-core:ShareCapital 2025-08-31 10167246 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 10167246 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 10167246 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 10167246 frs-bus:SmallEntities 2024-09-01 2025-08-31 10167246 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 10167246 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 10167246 frs-bus:Director1 2024-09-01 2025-08-31 10167246 frs-bus:Director2 2024-09-01 2025-08-31 10167246 frs-bus:Director2 2024-08-31 10167246 frs-bus:Director2 2025-08-31 10167246 frs-bus:Director3 2024-09-01 2025-08-31 10167246 frs-countries:EnglandWales 2024-09-01 2025-08-31 10167246 2023-08-31 10167246 2024-08-31 10167246 2023-09-01 2024-08-31 10167246 frs-core:CurrentFinancialInstruments 2024-08-31 10167246 frs-core:Non-currentFinancialInstruments 2024-08-31 10167246 frs-core:BetweenOneFiveYears 2024-08-31 10167246 frs-core:WithinOneYear 2024-08-31 10167246 frs-core:SharePremium 2024-08-31 10167246 frs-core:ShareCapital 2024-08-31 10167246 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 10167246
Jolee Fabrics Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10167246
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,150 10,750
Tangible Assets 5 23,415 29,126
29,565 39,876
CURRENT ASSETS
Stocks 6 61,916 62,915
Debtors 7 381,547 365,639
Cash at bank and in hand 33,771 36,587
477,234 465,141
Creditors: Amounts Falling Due Within One Year 8 (413,073 ) (401,962 )
NET CURRENT ASSETS (LIABILITIES) 64,161 63,179
TOTAL ASSETS LESS CURRENT LIABILITIES 93,726 103,055
Creditors: Amounts Falling Due After More Than One Year 9 (12,287 ) (25,853 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,449 ) (5,698 )
NET ASSETS 76,990 71,504
CAPITAL AND RESERVES
Called up share capital 11 100 100
Share premium account 76,597 76,597
Profit and Loss Account 293 (5,193 )
SHAREHOLDERS' FUNDS 76,990 71,504
Page 1
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For the year ending 31 August 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 Lee Morgan
Director
29/05/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jolee Fabrics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10167246 . The registered office is Unit 5 Bishops Court Gardens, Bishops Court Lane, Clyst St Mary, Devon, EX5 1DH.
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. 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 the profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.5. 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 15% Reducing Balance
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.7. 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.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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: 6 (2024: )
6 -
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 September 2024 46,000 2,700 48,700
As at 31 August 2025 46,000 2,700 48,700
Amortisation
As at 1 September 2024 37,950 - 37,950
Provided during the period 4,600 - 4,600
As at 31 August 2025 42,550 - 42,550
Net Book Value
As at 31 August 2025 3,450 2,700 6,150
As at 1 September 2024 8,050 2,700 10,750
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 September 2024 15,597 14,732 22,543 8,296
Additions - - - 96
As at 31 August 2025 15,597 14,732 22,543 8,392
Depreciation
As at 1 September 2024 9,317 11,628 11,173 5,134
Provided during the period 942 863 2,843 815
As at 31 August 2025 10,259 12,491 14,016 5,949
Net Book Value
As at 31 August 2025 5,338 2,241 8,527 2,443
As at 1 September 2024 6,280 3,104 11,370 3,162
Computer Equipment Total
£ £
Cost
As at 1 September 2024 17,182 78,350
Additions 1,278 1,374
As at 31 August 2025 18,460 79,724
Depreciation
As at 1 September 2024 11,972 49,224
Provided during the period 1,622 7,085
As at 31 August 2025 13,594 56,309
Net Book Value
As at 31 August 2025 4,866 23,415
As at 1 September 2024 5,210 29,126
6. Stocks
2025 2024
£ £
Stock 61,916 62,915
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 28,307 9,732
Other debtors 268,030 271,227
296,337 280,959
Due after more than one year
Other debtors 85,210 84,680
381,547 365,639
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,187 3,787
Trade creditors 98,818 133,142
Bank loans and overdrafts 15,491 10,677
Other creditors 15,892 15,932
Taxation and social security 277,685 238,424
413,073 401,962
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,918 10,732
Bank loans 5,369 15,121
12,287 25,853
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,187 3,787
Later than one year and not later than five years 6,918 10,732
12,105 14,519
12,105 14,519
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2024 Amounts advanced Amounts repaid Amounts written off As at 31 August 2025
£ £ £ £ £
Mr Lee Morgan 253,387 56,669 53,320 - 256,735
The above loan has interest charged at 3.75%. 
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