Acorah Software Products - Accounts Production 15.0.500 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 13422990 Mr Jordan Rix Miss Charlotte Bangay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13422990 2023-05-31 13422990 2024-05-31 13422990 2023-06-01 2024-05-31 13422990 frs-core:CurrentFinancialInstruments 2024-05-31 13422990 frs-core:ComputerEquipment 2024-05-31 13422990 frs-core:ComputerEquipment 2023-06-01 2024-05-31 13422990 frs-core:ComputerEquipment 2023-05-31 13422990 frs-core:MotorVehicles 2024-05-31 13422990 frs-core:MotorVehicles 2023-06-01 2024-05-31 13422990 frs-core:MotorVehicles 2023-05-31 13422990 frs-core:PlantMachinery 2024-05-31 13422990 frs-core:PlantMachinery 2023-06-01 2024-05-31 13422990 frs-core:PlantMachinery 2023-05-31 13422990 frs-core:SharePremium 2024-05-31 13422990 frs-core:ShareCapital 2024-05-31 13422990 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 13422990 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13422990 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 13422990 frs-bus:SmallEntities 2023-06-01 2024-05-31 13422990 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13422990 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13422990 frs-bus:Director1 2023-06-01 2024-05-31 13422990 frs-bus:Director2 2023-06-01 2024-05-31 13422990 frs-countries:EnglandWales 2023-06-01 2024-05-31 13422990 2022-05-31 13422990 2023-05-31 13422990 2022-06-01 2023-05-31 13422990 frs-core:CurrentFinancialInstruments 2023-05-31 13422990 frs-core:SharePremium 2023-05-31 13422990 frs-core:ShareCapital 2023-05-31 13422990 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 13422990
J R Electrical (Anglia) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13422990
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 18,160 22,056
18,160 22,056
CURRENT ASSETS
Stocks 4 2,000 2,000
Debtors 5 34,464 23,193
Cash at bank and in hand 43,535 19,568
79,999 44,761
Creditors: Amounts Falling Due Within One Year 6 (69,447 ) (44,037 )
NET CURRENT ASSETS (LIABILITIES) 10,552 724
TOTAL ASSETS LESS CURRENT LIABILITIES 28,712 22,780
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,540 ) (4,191 )
NET ASSETS 24,172 18,589
CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium account 17,999 17,999
Profit and Loss Account 6,073 490
SHAREHOLDERS' FUNDS 24,172 18,589
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For the year ending 31 May 2024 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 Jordan Rix
Director
01/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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 rendering of services and sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.3. 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
Computer Equipment 25% reducing balance
1.4. 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.
1.5. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 (2023: 3)
4 3
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3. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 1,325 31,798 - 33,123
Additions - - 1,900 1,900
As at 31 May 2024 1,325 31,798 1,900 35,023
Depreciation
As at 1 June 2023 530 10,537 - 11,067
Provided during the period 199 5,315 282 5,796
As at 31 May 2024 729 15,852 282 16,863
Net Book Value
As at 31 May 2024 596 15,946 1,618 18,160
As at 1 June 2023 795 21,261 - 22,056
4. Stocks
2024 2023
£ £
Materials 2,000 2,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,902 276
Prepayments and accrued income 2,180 2,266
VAT - 5,161
Other taxes and social security 1,382 15,490
34,464 23,193
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 336 16,522
Corporation tax 18,272 4,936
VAT 3,721 -
Accruals and deferred income 23 1,100
Directors' loan accounts 47,095 21,479
69,447 44,037
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. General Information
J R Electrical (Anglia) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13422990 . The registered office is 7 Bell Yard, London, England, WC2A 2JR.
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