Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06853334 Mr Jordan Preece iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06853334 2023-03-31 06853334 2024-03-31 06853334 2023-04-01 2024-03-31 06853334 frs-core:CurrentFinancialInstruments 2024-03-31 06853334 frs-core:ComputerEquipment 2024-03-31 06853334 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06853334 frs-core:ComputerEquipment 2023-03-31 06853334 frs-core:FurnitureFittings 2024-03-31 06853334 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06853334 frs-core:FurnitureFittings 2023-03-31 06853334 frs-core:NetGoodwill 2024-03-31 06853334 frs-core:NetGoodwill 2023-04-01 2024-03-31 06853334 frs-core:NetGoodwill 2023-03-31 06853334 frs-core:MotorVehicles 2024-03-31 06853334 frs-core:MotorVehicles 2023-04-01 2024-03-31 06853334 frs-core:MotorVehicles 2023-03-31 06853334 frs-core:PlantMachinery 2023-04-01 2024-03-31 06853334 frs-core:ShareCapital 2024-03-31 06853334 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06853334 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06853334 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 06853334 frs-bus:SmallEntities 2023-04-01 2024-03-31 06853334 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06853334 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06853334 frs-bus:Director1 2023-04-01 2024-03-31 06853334 frs-countries:EnglandWales 2023-04-01 2024-03-31 06853334 2022-03-31 06853334 2023-03-31 06853334 2022-04-01 2023-03-31 06853334 frs-core:CurrentFinancialInstruments 2023-03-31 06853334 frs-core:ShareCapital 2023-03-31 06853334 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06853334
J P Tiling Contractors Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
CJM Associates
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06853334
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 124,348 107,065
124,348 107,065
CURRENT ASSETS
Debtors 6 475,188 445,024
Cash at bank and in hand 366,199 292,458
841,387 737,482
Creditors: Amounts Falling Due Within One Year 7 (508,158 ) (455,406 )
NET CURRENT ASSETS (LIABILITIES) 333,229 282,076
TOTAL ASSETS LESS CURRENT LIABILITIES 457,577 389,141
PROVISIONS FOR LIABILITIES
Deferred Taxation (31,000 ) -
NET ASSETS 426,577 389,141
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 426,477 389,041
SHAREHOLDERS' FUNDS 426,577 389,141
Page 1
Page 2
For the year ending 31 March 2024 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 for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Jordan Preece
Director
30/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
J P Tiling Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06853334 . The registered office is St Thomas House, 83 Wolverhampton Road, Cannock, Staffordshire, WS11 1AR.
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 .... 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 33% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 33% reducing balance
Computer Equipment 33% on cost
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 9,600
As at 31 March 2024 9,600
Amortisation
As at 1 April 2023 9,600
As at 31 March 2024 9,600
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 160,648 5,519 3,377 169,544
Additions 49,167 1,369 391 50,927
Disposals (30,571 ) - - (30,571 )
As at 31 March 2024 179,244 6,888 3,768 189,900
Depreciation
As at 1 April 2023 56,774 3,176 2,529 62,479
Provided during the period 27,879 848 269 28,996
Disposals (25,923 ) - - (25,923 )
As at 31 March 2024 58,730 4,024 2,798 65,552
Net Book Value
As at 31 March 2024 120,514 2,864 970 124,348
As at 1 April 2023 103,874 2,343 848 107,065
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 353,266 293,993
Other debtors 121,922 151,031
475,188 445,024
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 151,507 101,463
Amounts owed to group undertakings 195,626 241,044
Other creditors 74,666 105,742
Taxation and social security 86,359 7,157
508,158 455,406
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5