Acorah Software Products - Accounts Production 15.0.500 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07958712 J E Willis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07958712 2023-03-31 07958712 2024-03-31 07958712 2023-04-01 2024-03-31 07958712 frs-core:CurrentFinancialInstruments 2024-03-31 07958712 frs-core:ComputerEquipment 2024-03-31 07958712 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07958712 frs-core:ComputerEquipment 2023-03-31 07958712 frs-core:ShareCapital 2024-03-31 07958712 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07958712 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07958712 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07958712 frs-bus:SmallEntities 2023-04-01 2024-03-31 07958712 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07958712 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07958712 frs-bus:Director1 2023-04-01 2024-03-31 07958712 frs-countries:EnglandWales 2023-04-01 2024-03-31 07958712 2022-03-31 07958712 2023-03-31 07958712 2022-04-01 2023-03-31 07958712 frs-core:CurrentFinancialInstruments 2023-03-31 07958712 frs-core:ShareCapital 2023-03-31 07958712 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07958712
J W Tractors Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Shaw Austin
Chartered Accountants
45 City Road
Chester
CH1 3AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07958712
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 121 242
121 242
CURRENT ASSETS
Stocks 5 2,500 1,200
Debtors 6 304 2,816
2,804 4,016
Creditors: Amounts Falling Due Within One Year 7 (24,898 ) (23,143 )
NET CURRENT ASSETS (LIABILITIES) (22,094 ) (19,127 )
TOTAL ASSETS LESS CURRENT LIABILITIES (21,973 ) (18,885 )
NET LIABILITIES (21,973 ) (18,885 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (21,974 ) (18,886 )
SHAREHOLDERS' FUNDS (21,973) (18,885)
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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.
On behalf of the board
J E Willis
Director
29 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
J W Tractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07958712 . The registered office is 4 Parc Ffos, Ffosyffin, Aberaeron, Ceredigion, SA46 0HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. As the director will continue to make funds available to the company in future, he believes that the going concern basis is appropriate for these financial statements.
2.3. 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 agricultural equipment and parts. 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.
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:
Computer Equipment 25% on cost
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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 486
As at 31 March 2024 486
Depreciation
As at 1 April 2023 244
Provided during the period 121
As at 31 March 2024 365
Net Book Value
As at 31 March 2024 121
As at 1 April 2023 242
5. Stocks
2024 2023
£ £
Materials 2,500 1,200
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 304 2,146
Other debtors - 670
304 2,816
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,146 2,070
Bank loans and overdrafts 1,849 2,666
Other creditors 21,826 17,937
Taxation and social security 77 470
24,898 23,143
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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9. Related Party Transactions
The director makes an interest free loan available to the company throughout the period, repayable on demand. The amount outstanding at the year end is £20,881, (2023 - £17,037).
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