Acorah Software Products - Accounts Production 14.5.601 false true false 18 July 2022 31 July 2023 31 July 2023 14238931 Mr Oliver Ford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14238931 2022-07-17 14238931 2023-07-31 14238931 2022-07-18 2023-07-31 14238931 frs-core:Non-currentFinancialInstruments 2023-07-31 14238931 frs-core:BetweenOneFiveYears 2023-07-31 14238931 frs-core:MotorVehicles 2022-07-18 2023-07-31 14238931 frs-core:PlantMachinery 2022-07-18 2023-07-31 14238931 frs-core:WithinOneYear 2023-07-31 14238931 frs-core:ShareCapital 2023-07-31 14238931 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 14238931 frs-bus:PrivateLimitedCompanyLtd 2022-07-18 2023-07-31 14238931 frs-bus:AbridgedAccounts 2022-07-18 2023-07-31 14238931 frs-bus:SmallEntities 2022-07-18 2023-07-31 14238931 frs-bus:AuditExempt-NoAccountantsReport 2022-07-18 2023-07-31 14238931 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-18 2023-07-31 14238931 frs-bus:Director1 2022-07-18 2023-07-31 14238931 frs-bus:Director1 2022-07-17 14238931 frs-bus:Director1 2023-07-31 14238931 frs-countries:EnglandWales 2022-07-18 2023-07-31
Registered number: 14238931
OJF Electrical Limited
Unaudited ABRIDGED Financial Statements
For the Period 18 July 2022 to 31 July 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 14238931
31 July 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 12,192
12,192
CURRENT ASSETS
Debtors 10,210
Cash at bank and in hand 5,885
16,095
Creditors: Amounts Falling Due Within One Year (15,845 )
NET CURRENT ASSETS (LIABILITIES) 250
TOTAL ASSETS LESS CURRENT LIABILITIES 12,442
Creditors: Amounts Falling Due After More Than One Year (12,146 )
NET ASSETS 296
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account 196
SHAREHOLDERS' FUNDS 296
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Page 2
For the period ending 31 July 2023 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Oliver Ford
Director
6th April 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
OJF Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14238931 . The registered office is 46 Hullbridge Road, South Woodham Ferrers, Essex, CM3 5NG.
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. 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
Motor Vehicles 25% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Total
£
Cost
As at 18 July 2022 -
Additions 16,256
As at 31 July 2023 16,256
...CONTINUED
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Depreciation
As at 18 July 2022 -
Provided during the period 4,064
As at 31 July 2023 4,064
Net Book Value
As at 31 July 2023 12,192
As at 18 July 2022 -
5. Obligations Under Finance Leases and Hire Purchase
31 July 2023
£
The future minimum finance lease payments are as follows:
Not later than one year 4,850
Later than one year and not later than five years 12,146
16,996
16,996
6. Share Capital
31 July 2023
£
Allotted, Called up and fully paid 100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 18 July 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Oliver Ford - 5,996 - - 5,996
The above loan is unsecured, interest free and repayable on demand.
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