Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10185956 Mr J P Jackson Miss G E Jackson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10185956 2022-07-31 10185956 2023-07-31 10185956 2022-08-01 2023-07-31 10185956 frs-core:CurrentFinancialInstruments 2023-07-31 10185956 frs-core:Non-currentFinancialInstruments 2023-07-31 10185956 frs-core:FurnitureFittings 2023-07-31 10185956 frs-core:FurnitureFittings 2022-08-01 2023-07-31 10185956 frs-core:FurnitureFittings 2022-07-31 10185956 frs-core:NetGoodwill 2023-07-31 10185956 frs-core:NetGoodwill 2022-08-01 2023-07-31 10185956 frs-core:NetGoodwill 2022-07-31 10185956 frs-core:MotorVehicles 2023-07-31 10185956 frs-core:MotorVehicles 2022-08-01 2023-07-31 10185956 frs-core:MotorVehicles 2022-07-31 10185956 frs-core:PlantMachinery 2023-07-31 10185956 frs-core:PlantMachinery 2022-08-01 2023-07-31 10185956 frs-core:PlantMachinery 2022-07-31 10185956 frs-core:ShareCapital 2023-07-31 10185956 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10185956 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10185956 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10185956 frs-bus:SmallEntities 2022-08-01 2023-07-31 10185956 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10185956 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10185956 frs-bus:Director1 2022-08-01 2023-07-31 10185956 frs-bus:Director2 2022-08-01 2023-07-31 10185956 frs-countries:EnglandWales 2022-08-01 2023-07-31 10185956 2021-07-31 10185956 2022-07-31 10185956 2021-08-01 2022-07-31 10185956 frs-core:CurrentFinancialInstruments 2022-07-31 10185956 frs-core:Non-currentFinancialInstruments 2022-07-31 10185956 frs-core:ShareCapital 2022-07-31 10185956 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 10185956
Jubilee Motor Services Limited
Financial Statements
For The Year Ended 31 July 2023
Cound & Co LLP
Chartered Accountants
1 Princes Court Royal Way
Loughborough
LE11 5XR
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10185956
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,000 14,000
Tangible Assets 5 48,088 38,964
60,088 52,964
CURRENT ASSETS
Stocks 6 11,363 2,150
Debtors 7 97,632 84,432
Cash at bank and in hand 32,419 31,299
141,414 117,881
Creditors: Amounts Falling Due Within One Year 8 (92,138 ) (83,524 )
NET CURRENT ASSETS (LIABILITIES) 49,276 34,357
TOTAL ASSETS LESS CURRENT LIABILITIES 109,364 87,321
Creditors: Amounts Falling Due After More Than One Year 9 (18,262 ) (28,887 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,890 ) (7,103 )
NET ASSETS 82,212 51,331
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 82,112 51,231
SHAREHOLDERS' FUNDS 82,212 51,331
Page 1
Page 2
For the year 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 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 J P Jackson
Director
9th February 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
Jubilee Motor Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10185956 . The registered office is 1 Princes Court, Royal Way, Loughborough, Leicestershire, LE11 5XR.
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. 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 profit and loss account over its estimated economic life of 10 years.
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 20% pa of the reducing balance
Motor Vehicles 25% pa of the reducing balance
Fixtures & Fittings 20% pa of the reducing balance
2.5. 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.
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2.6. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered a net liability may crystallise.

3. Average Number of Employees
Average number of employees, including directors, during the year was  6 (2022: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 20,000
As at 31 July 2023 20,000
Amortisation
As at 1 August 2022 6,000
Provided during the period 2,000
As at 31 July 2023 8,000
Net Book Value
As at 31 July 2023 12,000
As at 1 August 2022 14,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2022 59,168 1,000 6,478 66,646
Additions 15,310 5,750 471 21,531
As at 31 July 2023 74,478 6,750 6,949 88,177
Depreciation
As at 1 August 2022 24,816 578 2,288 27,682
Provided during the period 9,934 1,544 929 12,407
As at 31 July 2023 34,750 2,122 3,217 40,089
...CONTINUED
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Net Book Value
As at 31 July 2023 39,728 4,628 3,732 48,088
As at 1 August 2022 34,352 422 4,190 38,964
6. Stocks
2023 2022
£ £
Stock 11,363 -
Materials - 2,150
11,363 2,150
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 48,377 37,868
Prepayments and accrued income 6,488 6,976
Other debtors 5,668 3,588
Amounts owed by associates 37,099 36,000
97,632 84,432
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 23,612 19,910
Bank loans and overdrafts 10,000 10,000
Corporation tax 8,831 2,999
Other taxes and social security 2,368 2,734
VAT 9,357 8,107
Other creditors 29,984 36,899
Accruals and deferred income 5,908 2,698
Directors' loan accounts 2,078 177
92,138 83,524
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 18,262 28,887
18,262 28,887
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10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
The company paid rent for its trading premises to Mr J Jackson during the year of £12,000 ( 2022 - £11,100.)
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