Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09247404 Mr A S Hughes Mrs V Morrison Hughes Jackson Hughes Management Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09247404 2022-10-31 09247404 2023-10-31 09247404 2022-11-01 2023-10-31 09247404 frs-core:CurrentFinancialInstruments 2023-10-31 09247404 frs-core:Non-currentFinancialInstruments 2023-10-31 09247404 frs-core:ComputerEquipment 2023-10-31 09247404 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09247404 frs-core:ComputerEquipment 2022-10-31 09247404 frs-core:FurnitureFittings 2023-10-31 09247404 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09247404 frs-core:FurnitureFittings 2022-10-31 09247404 frs-core:NetGoodwill 2023-10-31 09247404 frs-core:NetGoodwill 2022-11-01 2023-10-31 09247404 frs-core:NetGoodwill 2022-10-31 09247404 frs-core:MotorVehicles 2023-10-31 09247404 frs-core:MotorVehicles 2022-11-01 2023-10-31 09247404 frs-core:MotorVehicles 2022-10-31 09247404 frs-core:PlantMachinery 2023-10-31 09247404 frs-core:PlantMachinery 2022-11-01 2023-10-31 09247404 frs-core:PlantMachinery 2022-10-31 09247404 frs-core:ShareCapital 2023-10-31 09247404 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09247404 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09247404 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09247404 frs-bus:SmallEntities 2022-11-01 2023-10-31 09247404 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09247404 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09247404 1 2022-11-01 2023-10-31 09247404 frs-bus:Director1 2022-11-01 2023-10-31 09247404 frs-bus:Director2 2022-11-01 2023-10-31 09247404 frs-countries:EnglandWales 2022-11-01 2023-10-31 09247404 2021-10-31 09247404 2022-10-31 09247404 2021-11-01 2022-10-31 09247404 frs-core:CurrentFinancialInstruments 2022-10-31 09247404 frs-core:Non-currentFinancialInstruments 2022-10-31 09247404 frs-core:ShareCapital 2022-10-31 09247404 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09247404
Jackson Hughes Consulting Limited
Financial Statements
For The Year Ended 31 October 2023
Morris Accountancy Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09247404
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 5,855 31,818
5,855 31,818
CURRENT ASSETS
Debtors 6 234,084 149,486
Cash at bank and in hand 197,622 158,214
431,706 307,700
Creditors: Amounts Falling Due Within One Year 7 (191,063 ) (174,748 )
NET CURRENT ASSETS (LIABILITIES) 240,643 132,952
TOTAL ASSETS LESS CURRENT LIABILITIES 246,498 164,770
Creditors: Amounts Falling Due After More Than One Year 8 (8,005 ) (24,611 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (45 ) -
NET ASSETS 238,448 140,159
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 238,348 140,059
SHAREHOLDERS' FUNDS 238,448 140,159
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For the year ending 31 October 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
Mrs V Morrison Hughes
Director
4 July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Jackson Hughes Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09247404 . The registered office is 30 Macclesfield Road, Wilmslow, SK9 2AF.
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 was the amount paid in connection with the acquisition of a business in 2014. It was amortised to the profit and loss account over its estimated economic life of four years, and became fully amortised in the year ending 31 October 2018.
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% Straight line
Motor Vehicles 25% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 20% Straight line
2.5. 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.
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: 8 (2022: 8)
8 8
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4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 68,000
As at 31 October 2023 68,000
Amortisation
As at 1 November 2022 68,000
As at 31 October 2023 68,000
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 3,000 47,995 1,323 16,271 68,589
Additions - - 455 709 1,164
Disposals - (47,995 ) - - (47,995 )
As at 31 October 2023 3,000 - 1,778 16,980 21,758
Depreciation
As at 1 November 2022 1,500 23,998 1,104 10,169 36,771
Provided during the period 750 8,999 216 2,164 12,129
Disposals - (32,997 ) - - (32,997 )
As at 31 October 2023 2,250 - 1,320 12,333 15,903
Net Book Value
As at 31 October 2023 750 - 458 4,647 5,855
As at 1 November 2022 1,500 23,997 219 6,102 31,818
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 143,120 122,058
Amounts owed by participating interests 32,431 27,342
Other debtors 58,533 86
234,084 149,486
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,739 4,467
Bank loans and overdrafts 3,857 3,763
Amounts owed to group undertakings (6,992 ) 9,035
Other creditors 93,765 106,892
Taxation and social security 91,694 50,591
191,063 174,748
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 8,005 11,861
Other creditors - 12,750
8,005 24,611
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At the year end the Company owed the directors £63,267 and this is repayable on demand. The directors did not charge the Company interest on this amount.
11. Ultimate Controlling Party
The company's ultimate controlling party is Jackson Hughes Management Limited by virtue of his ownership of 100% of the issued share capital in the company.
12. Government support
In August 2020 the Company took out a loan under the Coronavirus Bounce Back Loan scheme of £19,500. This is is to be repaid over six years and repayments of interest and capital will commence by the Company 13 months after the loan was first received.The Company therefore started to repay the loan in September 2021.
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