Acorah Software Products - Accounts Production 14.5.601 false true 31 May 2022 1 June 2021 false 1 June 2022 31 May 2023 31 May 2023 04378976 Mr John Blythe Mr Peter Blythe Mr Matthew Collier iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04378976 2022-05-31 04378976 2023-05-31 04378976 2022-06-01 2023-05-31 04378976 frs-core:CurrentFinancialInstruments 2023-05-31 04378976 frs-core:Non-currentFinancialInstruments 2023-05-31 04378976 frs-core:BetweenOneFiveYears 2023-05-31 04378976 frs-core:NetGoodwill 2022-06-01 2023-05-31 04378976 frs-core:PlantMachinery 2023-05-31 04378976 frs-core:PlantMachinery 2022-06-01 2023-05-31 04378976 frs-core:PlantMachinery 2022-05-31 04378976 frs-core:WithinOneYear 2023-05-31 04378976 frs-core:ShareCapital 2023-05-31 04378976 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 04378976 frs-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 04378976 frs-bus:FilletedAccounts 2022-06-01 2023-05-31 04378976 frs-bus:SmallEntities 2022-06-01 2023-05-31 04378976 frs-bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 04378976 frs-bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 04378976 frs-bus:Director1 2022-06-01 2023-05-31 04378976 frs-bus:Director2 2022-06-01 2023-05-31 04378976 frs-bus:Director3 2022-06-01 2023-05-31 04378976 frs-core:CurrentFinancialInstruments 2 2023-05-31 04378976 frs-countries:EnglandWales 2022-06-01 2023-05-31 04378976 2021-05-31 04378976 2022-05-31 04378976 2021-06-01 2022-05-31 04378976 frs-core:CurrentFinancialInstruments 2022-05-31 04378976 frs-core:Non-currentFinancialInstruments 2022-05-31 04378976 frs-core:BetweenOneFiveYears 2022-05-31 04378976 frs-core:WithinOneYear 2022-05-31 04378976 frs-core:ShareCapital 2022-05-31 04378976 frs-core:RetainedEarningsAccumulatedLosses 2022-05-31 04378976 frs-core:CurrentFinancialInstruments 2 2022-05-31
Registered number: 04378976
JJ HARRISON PVC PRODUCTS LTD
Unaudited Financial Statements
For The Year Ended 31 May 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04378976
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 272,140 215,066
272,140 215,066
CURRENT ASSETS
Stocks 6 179,385 189,220
Debtors 7 1,299,793 893,979
Cash at bank and in hand 636,602 387,293
2,115,780 1,470,492
Creditors: Amounts Falling Due Within One Year 8 (1,280,677 ) (962,677 )
NET CURRENT ASSETS (LIABILITIES) 835,103 507,815
TOTAL ASSETS LESS CURRENT LIABILITIES 1,107,243 722,881
Creditors: Amounts Falling Due After More Than One Year 9 (116,946 ) (187,613 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (54,428 ) (40,863 )
NET ASSETS 935,869 494,405
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 935,769 494,305
SHAREHOLDERS' FUNDS 935,869 494,405
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For the year ending 31 May 2023 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 Peter Blythe
Director
15th March 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
JJ HARRISON PVC PRODUCTS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 04378976 . The registered office is 1 Derby Street, Leigh, Lancashire, WN7 4PF.
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.
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.
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:
Plant & Machinery 25% reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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 profit and loss account as incurred.
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.
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2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 42 (2022: 38)
42 38
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2022 452,491
Additions 147,786
As at 31 May 2023 600,277
Depreciation
As at 1 June 2022 237,424
Provided during the period 90,713
As at 31 May 2023 328,137
Net Book Value
As at 31 May 2023 272,140
As at 1 June 2022 215,067
6. Stocks
2023 2022
£ £
Materials 179,385 189,220
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 771,515 567,766
Other debtors 242,561 132,797
Other debtors (2) 142,960 102,328
VAT 142,757 91,088
1,299,793 893,979
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 17,251 22,008
Trade creditors 944,931 623,242
Bank loans and overdrafts 95,921 108,066
Corporation tax 125,371 27,731
Other taxes and social security 26,426 18,930
Other creditors 922 1,696
Accruals and deferred income 55,593 146,432
Directors' loan accounts 14,262 14,572
1,280,677 962,677
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 21,634 17,076
Bank loans 95,312 170,537
116,946 187,613
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 17,251 22,008
Later than one year and not later than five years 21,634 17,076
38,885 39,084
38,885 39,084
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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12. Related Party Transactions
At the balance sheet date the company owed two directors the following; John Blythe £5,596 and Peter Blythe £9,600.  Director Matthew Collier owed the company £935.  All loans are interest free and there are no set terms of repayment.
During the year the company paid dividends totaling £112,524 to the parent holding company, JJ Harrison PVC Limited, incorporated in England and Wales company number 12890101.  This companis is managed and controlled by the three directors Jihn Blythe, Peter Blythe and Matthew Collier.
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