Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08767936 Mr John Ryan Mr Darren Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08767936 2022-12-31 08767936 2023-12-31 08767936 2023-01-01 2023-12-31 08767936 frs-core:CurrentFinancialInstruments 2023-12-31 08767936 frs-core:Non-currentFinancialInstruments 2023-12-31 08767936 frs-core:BetweenOneFiveYears 2023-12-31 08767936 frs-core:ComputerEquipment 2023-12-31 08767936 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08767936 frs-core:ComputerEquipment 2022-12-31 08767936 frs-core:FurnitureFittings 2023-12-31 08767936 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08767936 frs-core:FurnitureFittings 2022-12-31 08767936 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 08767936 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08767936 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 08767936 frs-core:MoreThanFiveYears 2023-12-31 08767936 frs-core:MotorVehicles 2023-12-31 08767936 frs-core:MotorVehicles 2023-01-01 2023-12-31 08767936 frs-core:MotorVehicles 2022-12-31 08767936 frs-core:PlantMachinery 2023-12-31 08767936 frs-core:PlantMachinery 2023-01-01 2023-12-31 08767936 frs-core:PlantMachinery 2022-12-31 08767936 frs-core:WithinOneYear 2023-12-31 08767936 frs-core:ShareCapital 2023-12-31 08767936 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08767936 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08767936 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08767936 frs-bus:SmallEntities 2023-01-01 2023-12-31 08767936 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08767936 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08767936 frs-core:CostValuation 2022-12-31 08767936 frs-core:AdditionsToInvestments 2023-12-31 08767936 frs-core:CostValuation 2023-12-31 08767936 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 08767936 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 08767936 frs-bus:Director1 2023-01-01 2023-12-31 08767936 frs-bus:Director1 2022-12-31 08767936 frs-bus:Director1 2023-12-31 08767936 frs-bus:Director2 2023-01-01 2023-12-31 08767936 frs-core:CurrentFinancialInstruments 1 2023-12-31 08767936 frs-countries:EnglandWales 2023-01-01 2023-12-31 08767936 2021-12-31 08767936 2022-12-31 08767936 2022-01-01 2022-12-31 08767936 frs-core:CurrentFinancialInstruments 2022-12-31 08767936 frs-core:Non-currentFinancialInstruments 2022-12-31 08767936 frs-core:BetweenOneFiveYears 2022-12-31 08767936 frs-core:MoreThanFiveYears 2022-12-31 08767936 frs-core:WithinOneYear 2022-12-31 08767936 frs-core:ShareCapital 2022-12-31 08767936 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08767936 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 08767936
John Ryan Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
P J Hamson & Co. Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08767936
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,440,758 1,106,634
Investments 5 691,500 35,041
2,132,258 1,141,675
CURRENT ASSETS
Stocks 6 525,130 630,826
Debtors 7 1,227,489 1,269,119
Cash at bank and in hand 343,131 169,727
2,095,750 2,069,672
Creditors: Amounts Falling Due Within One Year 8 (1,894,694 ) (1,469,730 )
NET CURRENT ASSETS (LIABILITIES) 201,056 599,942
TOTAL ASSETS LESS CURRENT LIABILITIES 2,333,314 1,741,617
Creditors: Amounts Falling Due After More Than One Year 9 (1,252,259 ) (746,940 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (151,152 ) (81,144 )
NET ASSETS 929,903 913,533
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 929,901 913,531
SHAREHOLDERS' FUNDS 929,903 913,533
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For the year ending 31 December 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 Darren Jones
Director
2nd August 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
John Ryan Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08767936 . The registered office is 7 Queen Street, Long Eaton, Nottingham, NG10 1BJ.
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:
Freehold 2% straight line
Plant & Machinery 25% reducing balance method
Motor Vehicles 25% reducing balance method
Fixtures & Fittings 25% reducing balance method
Computer Equipment 25% reducing balance method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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
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 year 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 asset reflects 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: 46 (2022: 51)
46 51
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 535,500 165,303 708,609 3,991
Additions - 284,259 488,406 2,015
Disposals - - (225,459 ) -
As at 31 December 2023 535,500 449,562 971,556 6,006
Depreciation
As at 1 January 2023 7,133 49,476 280,312 1,545
Provided during the period 7,133 100,022 192,871 1,115
Disposals - - (80,239 ) -
As at 31 December 2023 14,266 149,498 392,944 2,660
Net Book Value
As at 31 December 2023 521,234 300,064 578,612 3,346
As at 1 January 2023 528,367 115,827 428,297 2,446
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Page 5
Computer Equipment Total
£ £
Cost
As at 1 January 2023 61,043 1,474,446
Additions 18,306 792,986
Disposals - (225,459 )
As at 31 December 2023 79,349 2,041,973
Depreciation
As at 1 January 2023 29,346 367,812
Provided during the period 12,501 313,642
Disposals - (80,239 )
As at 31 December 2023 41,847 601,215
Net Book Value
As at 31 December 2023 37,502 1,440,758
As at 1 January 2023 31,697 1,106,634
5. Investments
Subsidiaries
£
Cost
As at 1 January 2023 35,041
Additions 656,459
As at 31 December 2023 691,500
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 691,500
As at 1 January 2023 35,041
6. Stocks
2023 2022
£ £
Materials 120,000 116,931
Work in progress 405,130 513,895
525,130 630,826
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 882,959 1,168,246
Prepayments and accrued income 17,570 4,560
Other debtors 76,674 96,313
Inter company loans 121,458 -
Corporation tax recoverable assets 15,323 -
Directors' loan accounts 45,402 -
Amounts owed by subsidiaries 68,103 -
1,227,489 1,269,119
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 152,280 118,651
Trade creditors 955,942 840,447
Bank loans and overdrafts 7,589 24,431
Other loans 40,000 -
Corporation tax 37,817 22,494
Other taxes and social security 167,713 136,504
VAT 377,834 135,329
Other creditors 155,437 191,871
Directors' loan accounts 82 3
1,894,694 1,469,730
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 804,276 428,210
Bank loans 327,983 318,730
Other loans 120,000 -
1,252,259 746,940
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 152,280 118,651
Later than one year and not later than five years 804,276 428,210
956,556 546,861
956,556 546,861
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11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
12. Capital Commitments
At the end of the period, the company had capital commitments contracted for but not provided in these financial statements
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 63,732 52,575
Later than one year and not later than five years 174,158 157,294
Later than five years 61,667 98,667
299,557 308,536
14. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Darren Jones - 45,402 - - 45,402
The above loan is unsecured and repayable on demand. Interest is charged at the official prescribed rate.
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