Acorah Software Products - Accounts Production 12.4.002 false true true James Ahmed false 2 January 2021 30 June 2022 30 June 2022 13108214 Mr James Ahmed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13108214 2021-01-01 13108214 2022-06-30 13108214 2021-01-02 2022-06-30 13108214 frs-core:CurrentFinancialInstruments 2022-06-30 13108214 frs-core:CurrentFinancialInstruments 2021-01-02 2022-06-30 13108214 frs-core:Non-currentFinancialInstruments 2022-06-30 13108214 frs-core:Non-currentFinancialInstruments 2021-01-02 2022-06-30 13108214 frs-core:CurrentFinancialInstruments 2021-01-02 2022-06-30 13108214 frs-core:CurrentFinancialInstruments 2022-06-30 13108214 frs-core:AfterOneYear 2021-01-02 2022-06-30 13108214 frs-core:BetweenOneFiveYears 2021-01-02 2022-06-30 13108214 frs-core:BetweenOneFiveYears 2022-06-30 13108214 frs-core:ComputerEquipment 2022-06-30 13108214 frs-core:ComputerEquipment 2021-01-02 2022-06-30 13108214 frs-core:ComputerEquipment 2021-01-01 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Registered number: 13108214
J4 Electrical Ltd
Unaudited Financial Statements
For the Period 2 January 2021 to 30 June 2022
Lockwood & Co Accountancy

7 Bell Yard
London
Greater London
WC2A 2JR
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Director Mr James Ahmed
Company Number 13108214
Registered Office 273 Barnsley Road
Sheffield
S4 7AD
Accountants Lockwood & Co Accountancy
7 Bell Yard
London
Greater London
WC2A 2JR
Page 1
Page 2
Balance Sheet
Registered number: 13108214
30 June 2022
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,225
2,225
CURRENT ASSETS
Stocks 5 175
Debtors 6 2,765
Cash at bank and in hand 2,512
5,452
Creditors: Amounts Falling Due Within One Year 7 (7,200 )
NET CURRENT ASSETS (LIABILITIES) (1,748 )
TOTAL ASSETS LESS CURRENT LIABILITIES 477
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (139 )
NET ASSETS 338
CAPITAL AND RESERVES
Called up share capital 10 4
Profit and Loss Account 334
SHAREHOLDERS' FUNDS 338
Page 2
Page 3
For the period ending 30 June 2022 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 Profit and Loss Account.
On behalf of the board
Mr James Ahmed
Director
3rd September 2022
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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.
1.3. 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.
1.4. 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:
Plant & Machinery 15% on reducing balance
Computer Equipment 33% on reducing balance
1.5. 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. 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.
Page 4
Page 5
1.6. 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 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 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.
1.7. 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.
1.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 2 January 2021 - - -
Additions 2,000 783 2,783
As at 30 June 2022 2,000 783 2,783
Depreciation
As at 2 January 2021 - - -
Provided during the period 300 258 558
As at 30 June 2022 300 258 558
Net Book Value
As at 30 June 2022 1,700 525 2,225
As at 2 January 2021 - - -
5. Stocks
30 June 2022
£
Stock - materials 175
175
6. Debtors
30 June 2022
£
Due within one year
Trade debtors 468
Other debtors 2,297
2,765
7. Creditors: Amounts Falling Due Within One Year
30 June 2022
£
Trade creditors 2,185
Other creditors 3,077
Taxation and social security 1,938
7,200
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8. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
30 June 2022
£
Deferred tax 139
139
9. Provisions for Liabilities
Deferred Tax
£
Additions 139
Balance at 30 June 2022 139
10. Share Capital
30 June 2022
Allotted, Called up and fully paid 4
Value Number 30 June 2022
Allotted, called up and fully paid £ £
Ordinary Shares 1 4 4
11. Controlling Party
The company's controlling party is James Ahmed by virtue of his ownership of 75% of the issued share capital in the company.
12. General Information
J4 Electrical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13108214 . The registered office is 273 Barnsley Road, Sheffield, S4 7AD.
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