Acorah Software Products - Accounts Production 14.5.601 false true true 28 February 2023 1 March 2021 false 1 March 2023 29 February 2024 29 February 2024 09461321 Mr N Bowler Mrs J Bowler Mr.Nigel Bowler and Mrs.Jennifer Bowler true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09461321 2023-02-28 09461321 2024-02-29 09461321 2023-03-01 2024-02-29 09461321 frs-core:CurrentFinancialInstruments 2024-02-29 09461321 frs-core:PlantMachinery 2024-02-29 09461321 frs-core:PlantMachinery 2023-03-01 2024-02-29 09461321 frs-core:PlantMachinery 2023-02-28 09461321 frs-core:ShareCapital 2024-02-29 09461321 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09461321 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09461321 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09461321 frs-bus:SmallEntities 2023-03-01 2024-02-29 09461321 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09461321 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09461321 1 2023-03-01 2024-02-29 09461321 frs-bus:Director1 2023-03-01 2024-02-29 09461321 frs-bus:Director2 2023-03-01 2024-02-29 09461321 frs-countries:EnglandWales 2023-03-01 2024-02-29 09461321 2021-02-28 09461321 2023-02-28 09461321 2021-03-01 2023-02-28 09461321 frs-core:CurrentFinancialInstruments 2023-02-28 09461321 frs-core:ShareCapital 2023-02-28 09461321 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09461321
NJ Hire Services Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09461321
29 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 81,416 102,310
81,416 102,310
CURRENT ASSETS
Debtors 5 3,297 12,290
Cash at bank and in hand 118,251 52,095
121,548 64,385
Creditors: Amounts Falling Due Within One Year 6 (21,576 ) (9,480 )
NET CURRENT ASSETS (LIABILITIES) 99,972 54,905
TOTAL ASSETS LESS CURRENT LIABILITIES 181,388 157,215
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,992 ) (18,962 )
NET ASSETS 166,396 138,253
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 166,395 138,252
SHAREHOLDERS' FUNDS 166,396 138,253
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For the year ending 29 February 2024 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 N Bowler
Director
10 April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
NJ Hire Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09461321 . The registered office is North Lodge, Hawkesyard, Rugeley, Staffordshire, WS15 1PS.
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
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements. 
2.3. Turnover
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. 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 10%
2.5. Financial Instruments
The company only enters in to basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other creditors, loans from banks and other third parties and loans to related parties.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 208,932
As at 29 February 2024 208,932
Depreciation
As at 1 March 2023 106,622
Provided during the period 20,894
As at 29 February 2024 127,516
Net Book Value
As at 29 February 2024 81,416
As at 1 March 2023 102,310
5. Debtors
29 February 2024 28 February 2023
£ £
Due within one year
Trade debtors 3,297 12,290
3,297 12,290
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6. Creditors: Amounts Falling Due Within One Year
29 February 2024 28 February 2023
£ £
Trade creditors - 2
Corporation tax 13,251 3,396
VAT 3,769 2,045
Accruals and deferred income 500 488
Directors' loan accounts 4,056 3,549
21,576 9,480
7. Share Capital
29 February 2024 28 February 2023
£ £
Allotted, Called up and fully paid 1 1
8. Ultimate Controlling Party
The company's ultimate controlling parties are Mr.Nigel Bowler and Mrs.Jennifer Bowler by virtue of their ownership of 100% of the issued share capital in the company.
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