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 10268515 Mr Meirion Jones Ms Elinor Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10268515 2022-07-31 10268515 2023-07-31 10268515 2022-08-01 2023-07-31 10268515 frs-core:CurrentFinancialInstruments 2023-07-31 10268515 frs-core:Non-currentFinancialInstruments 2023-07-31 10268515 frs-core:ComputerEquipment 2023-07-31 10268515 frs-core:ComputerEquipment 2022-08-01 2023-07-31 10268515 frs-core:ComputerEquipment 2022-07-31 10268515 frs-core:FurnitureFittings 2023-07-31 10268515 frs-core:FurnitureFittings 2022-08-01 2023-07-31 10268515 frs-core:FurnitureFittings 2022-07-31 10268515 frs-core:MotorVehicles 2023-07-31 10268515 frs-core:MotorVehicles 2022-08-01 2023-07-31 10268515 frs-core:MotorVehicles 2022-07-31 10268515 frs-core:PlantMachinery 2023-07-31 10268515 frs-core:PlantMachinery 2022-08-01 2023-07-31 10268515 frs-core:PlantMachinery 2022-07-31 10268515 frs-core:ShareCapital 2023-07-31 10268515 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10268515 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10268515 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10268515 frs-bus:SmallEntities 2022-08-01 2023-07-31 10268515 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10268515 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10268515 frs-bus:Director1 2022-08-01 2023-07-31 10268515 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 10268515 frs-countries:EnglandWales 2022-08-01 2023-07-31 10268515 2021-07-31 10268515 2022-07-31 10268515 2021-08-01 2022-07-31 10268515 frs-core:CurrentFinancialInstruments 2022-07-31 10268515 frs-core:Non-currentFinancialInstruments 2022-07-31 10268515 frs-core:ShareCapital 2022-07-31 10268515 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 10268515
Storfa JJ Stores Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
DN Accounting Solutions
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10268515
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,476 53,597
42,476 53,597
CURRENT ASSETS
Stocks 5 73,021 70,000
Debtors 6 1,590 19,315
Cash at bank and in hand 19,029 15,848
93,640 105,163
Creditors: Amounts Falling Due Within One Year 7 (182,432 ) (177,409 )
NET CURRENT ASSETS (LIABILITIES) (88,792 ) (72,246 )
TOTAL ASSETS LESS CURRENT LIABILITIES (46,316 ) (18,649 )
Creditors: Amounts Falling Due After More Than One Year 8 (48,026 ) (48,982 )
NET LIABILITIES (94,342 ) (67,631 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (94,344 ) (67,633 )
SHAREHOLDERS' FUNDS (94,342) (67,631)
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 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 Meirion Jones
Director
24/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Storfa JJ Stores Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10268515 . The registered office is Rivendell, Pentrecwrt, Llandysul, SA44 5AT.
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% RB
Motor Vehicles 25% SL
Fixtures & Fittings 10% RB
Computer Equipment 33% SL
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
Sales, marketing and distribution 8 7
9 8
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2022 69,616 14,200 9,718 2,071 95,605
Additions 5,506 7,500 389 433 13,828
As at 31 July 2023 75,122 21,700 10,107 2,504 109,433
Depreciation
As at 1 August 2022 35,983 3,550 1,202 1,273 42,008
Provided during the period 9,785 5,425 8,904 835 24,949
As at 31 July 2023 45,768 8,975 10,106 2,108 66,957
Net Book Value
As at 31 July 2023 29,354 12,725 1 396 42,476
As at 1 August 2022 33,633 10,650 8,516 798 53,597
5. Stocks
2023 2022
£ £
Finished goods 73,021 70,000
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,590 12,138
VAT - 7,177
1,590 19,315
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 32,196 21,425
Corporation tax 1 1
VAT 5,781 -
Net wages - 6,669
Other creditors 39,215 43,714
Director's loan account 105,239 105,600
182,432 177,409
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 48,026 48,982
48,026 48,982
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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