Acorah Software Products - Accounts Production 19.4.351 false true true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 06731700 Mr Romeo Young Mr Romeo Young Mrs Helga Young Arch Accountancy Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06731700 2024-10-31 06731700 2025-10-31 06731700 2024-11-01 2025-10-31 06731700 frs-core:CurrentFinancialInstruments 2025-10-31 06731700 frs-core:Non-currentFinancialInstruments 2025-10-31 06731700 frs-core:BetweenOneFiveYears 2025-10-31 06731700 frs-core:ComputerEquipment 2025-10-31 06731700 frs-core:ComputerEquipment 2024-11-01 2025-10-31 06731700 frs-core:ComputerEquipment 2024-10-31 06731700 frs-core:FurnitureFittings 2025-10-31 06731700 frs-core:FurnitureFittings 2024-11-01 2025-10-31 06731700 frs-core:FurnitureFittings 2024-10-31 06731700 frs-core:NetGoodwill 2025-10-31 06731700 frs-core:NetGoodwill 2024-11-01 2025-10-31 06731700 frs-core:NetGoodwill 2024-10-31 06731700 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-10-31 06731700 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-01 2025-10-31 06731700 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 06731700 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-10-31 06731700 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-01 2025-10-31 06731700 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 06731700 frs-core:MotorVehicles 2025-10-31 06731700 frs-core:MotorVehicles 2024-11-01 2025-10-31 06731700 frs-core:MotorVehicles 2024-10-31 06731700 frs-core:PlantMachinery 2025-10-31 06731700 frs-core:PlantMachinery 2024-11-01 2025-10-31 06731700 frs-core:PlantMachinery 2024-10-31 06731700 frs-core:ShareCapital 2025-10-31 06731700 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 06731700 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 06731700 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 06731700 frs-bus:SmallEntities 2024-11-01 2025-10-31 06731700 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 06731700 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 06731700 frs-bus:Director1 2024-11-01 2025-10-31 06731700 frs-bus:Director1 2024-10-31 06731700 frs-bus:Director1 2025-10-31 06731700 frs-bus:Director2 2024-11-01 2025-10-31 06731700 frs-bus:Director3 2024-11-01 2025-10-31 06731700 frs-bus:CompanySecretary1 2024-11-01 2025-10-31 06731700 frs-core:CurrentFinancialInstruments 1 2025-10-31 06731700 frs-core:Non-currentFinancialInstruments 1 2025-10-31 06731700 frs-core:CurrentFinancialInstruments 2 2025-10-31 06731700 frs-core:Non-currentFinancialInstruments 2 2025-10-31 06731700 frs-countries:EnglandWales 2024-11-01 2025-10-31 06731700 2023-10-31 06731700 2024-10-31 06731700 2023-11-01 2024-10-31 06731700 frs-core:CurrentFinancialInstruments 2024-10-31 06731700 frs-core:Non-currentFinancialInstruments 2024-10-31 06731700 frs-core:BetweenOneFiveYears 2024-10-31 06731700 frs-core:ShareCapital 2024-10-31 06731700 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 06731700 frs-core:CurrentFinancialInstruments 1 2024-10-31 06731700 frs-core:Non-currentFinancialInstruments 1 2024-10-31 06731700 frs-core:CurrentFinancialInstruments 2 2024-10-31 06731700 frs-core:Non-currentFinancialInstruments 2 2024-10-31
Registered number: 06731700
Jemtec Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Wilkinson Accounting Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06731700
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,041,864 917,584
1,041,864 917,584
CURRENT ASSETS
Debtors 6 411,960 358,120
Cash at bank and in hand 57,207 95,637
469,167 453,757
Creditors: Amounts Falling Due Within One Year 8 (217,113 ) (138,685 )
NET CURRENT ASSETS (LIABILITIES) 252,054 315,072
TOTAL ASSETS LESS CURRENT LIABILITIES 1,293,918 1,232,656
Creditors: Amounts Falling Due After More Than One Year 9 (982,668 ) (936,485 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,379 ) (12,759 )
NET ASSETS 304,871 283,412
CAPITAL AND RESERVES
Called up share capital 11 200 200
Profit and Loss Account 304,671 283,212
SHAREHOLDERS' FUNDS 304,871 283,412
Page 1
Page 2
For the year ending 31 October 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 Romeo Young
Director
21/10/2026
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
Jemtec Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06731700 . The registered office is Stuart House, East Wing, St John's Street, Peterborough, PE1 5DD.
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.
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.
2.4. 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.
2.5. 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:
Freehold Remaining NBV ÷ 40 years on Commercial Property
Leasehold N/A
Plant & Machinery Remaining NBV ÷ 5 years
Motor Vehicles N/A
Fixtures & Fittings Remaining NBV ÷ 10 years
Computer Equipment Remaining NBV ÷ 5 years
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. 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. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.9.
Trade Creditors
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts Payable are classified as current liabilities if the company does not have an unconditional right at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 8)
9 8
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4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2024 146,730
As at 31 October 2025 146,730
Amortisation
As at 1 November 2024 146,730
As at 31 October 2025 146,730
Net Book Value
As at 31 October 2025 -
As at 1 November 2024 -
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 November 2024 448,752 366,031 267,704 12,699
Additions 158,542 - 4,159 -
As at 31 October 2025 607,294 366,031 271,863 12,699
Depreciation
As at 1 November 2024 18,667 - 162,605 2,697
Provided during the period 14,716 - 21,852 1,000
As at 31 October 2025 33,383 - 184,457 3,697
Net Book Value
As at 31 October 2025 573,911 366,031 87,406 9,002
As at 1 November 2024 430,085 366,031 105,099 10,002
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2024 17,321 5,088 1,117,595
Additions - - 162,701
As at 31 October 2025 17,321 5,088 1,280,296
Depreciation
As at 1 November 2024 13,115 2,927 200,011
Provided during the period 421 432 38,421
As at 31 October 2025 13,536 3,359 238,432
...CONTINUED
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Page 6
Net Book Value
As at 31 October 2025 3,785 1,729 1,041,864
As at 1 November 2024 4,206 2,161 917,584
6. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 1,825 7,069
Corporation tax recoverable assets 64,389 -
Directors' loan accounts 186,962 190,782
253,176 197,851
Due after more than one year
Loan with Sanico 719 719
Loan with CYC 155,500 159,250
Loan with Nam RH 2,565 300
158,784 160,269
411,960 358,120
7. Current Asset Investments
8. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 16,137 30,077
Credit Card (866 ) (1,429 )
Corporation tax 173,972 97,916
PAYE creditor 12,251 4,037
Net wages 702 -
Accountancy Creditor 14,298 7,500
Other creditors (2) 619 584
217,113 138,685
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Net obligations under finance lease and hire purchase contracts 6,264 19,142
Bank loans 288,879 197,347
Loans 680,472 699,506
Performance finance (3,875 ) (437 )
Nobel loan 5,094 5,094
Covid Loan 5,834 15,833
982,668 936,485
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10. Obligations Under Finance Leases and Hire Purchase
2025 2024
as restated
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 6,264 19,142
11. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 200 200
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2024 Amounts advanced Amounts repaid Amounts written off As at 31 October 2025
£ £ £ £ £
Mr Romeo Young 190,782 - 3,808 - 186,961
The loan to Mr Romeo Young is unsecured, interest-bearing and repayable on demand. Interest of £7,789.65 was charged during the year ended 31 October 2025.
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