Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 13 May 2022 false 1 April 2023 31 March 2024 31 March 2024 14105902 Mr Joe Weaver Mr Paul Weaver Mrs Angela Manfredi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14105902 2023-03-31 14105902 2024-03-31 14105902 2023-04-01 2024-03-31 14105902 frs-core:CurrentFinancialInstruments 2024-03-31 14105902 frs-core:Non-currentFinancialInstruments 2024-03-31 14105902 frs-core:BetweenOneFiveYears 2024-03-31 14105902 frs-core:ComputerEquipment 2024-03-31 14105902 frs-core:ComputerEquipment 2023-04-01 2024-03-31 14105902 frs-core:ComputerEquipment 2023-03-31 14105902 frs-core:MotorVehicles 2024-03-31 14105902 frs-core:MotorVehicles 2023-04-01 2024-03-31 14105902 frs-core:MotorVehicles 2023-03-31 14105902 frs-core:WithinOneYear 2024-03-31 14105902 frs-core:ShareCapital 2024-03-31 14105902 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14105902 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14105902 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 14105902 frs-bus:SmallEntities 2023-04-01 2024-03-31 14105902 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14105902 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 14105902 frs-bus:Director1 2023-04-01 2024-03-31 14105902 frs-bus:Director2 2023-04-01 2024-03-31 14105902 frs-bus:Director3 2023-04-01 2024-03-31 14105902 frs-countries:EnglandWales 2023-04-01 2024-03-31 14105902 2022-05-12 14105902 2023-03-31 14105902 2022-05-13 2023-03-31 14105902 frs-core:CurrentFinancialInstruments 2023-03-31 14105902 frs-core:Non-currentFinancialInstruments 2023-03-31 14105902 frs-core:BetweenOneFiveYears 2023-03-31 14105902 frs-core:MotorVehicles 2022-05-13 2023-03-31 14105902 frs-core:WithinOneYear 2023-03-31 14105902 frs-core:ShareCapital 2023-03-31 14105902 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 14105902
JPA Machinery Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14105902
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,326 6,744
31,326 6,744
CURRENT ASSETS
Stocks 5 70,850 14,981
Debtors 6 84,443 13,483
Cash at bank and in hand 7,303 5,520
162,596 33,984
Creditors: Amounts Falling Due Within One Year 7 (151,887 ) (32,678 )
NET CURRENT ASSETS (LIABILITIES) 10,709 1,306
TOTAL ASSETS LESS CURRENT LIABILITIES 42,035 8,050
Creditors: Amounts Falling Due After More Than One Year 8 (22,351 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,951 ) (1,117 )
NET ASSETS 13,733 6,933
CAPITAL AND RESERVES
Called up share capital 10 99 99
Profit and Loss Account 13,634 6,834
SHAREHOLDERS' FUNDS 13,733 6,933
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 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 Joe Weaver
Director
7 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JPA Machinery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14105902 . The registered office is 9 Greenhall Road, Eckington, Sheffield, S21 4GX.
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:
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight Line
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.
Page 3
Page 4
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 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: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 6,600 290 6,890
Additions 28,045 - 28,045
As at 31 March 2024 34,645 290 34,935
Depreciation
As at 1 April 2023 138 8 146
Provided during the period 3,368 95 3,463
As at 31 March 2024 3,506 103 3,609
Net Book Value
As at 31 March 2024 31,139 187 31,326
As at 1 April 2023 6,462 282 6,744
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
31 March 2024 31 March 2023
£ £
Motor Vehicles 26,292 -
Page 4
Page 5
5. Stocks
31 March 2024 31 March 2023
£ £
Finished goods 70,850 14,981
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 82,890 11,428
Other debtors 1,553 2,055
84,443 13,483
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 30,224 -
Trade creditors 38,729 480
Other creditors 72,891 32,197
Taxation and social security 10,043 1
151,887 32,678
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,351 -
9. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 March 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 32,042 -
Later than one year and not later than five years 27,411 -
59,453 -
Less: Finance charges allocated to future periods 6,878 -
52,575 -
10. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 99 99
Page 5