Acorah Software Products - Accounts Production 14.5.501 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04622821 Mrs Helen Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04622821 2023-03-31 04622821 2024-03-31 04622821 2023-04-01 2024-03-31 04622821 frs-core:CurrentFinancialInstruments 2024-03-31 04622821 frs-core:ComputerEquipment 2024-03-31 04622821 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04622821 frs-core:ComputerEquipment 2023-03-31 04622821 frs-core:FurnitureFittings 2024-03-31 04622821 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04622821 frs-core:FurnitureFittings 2023-03-31 04622821 frs-core:NetGoodwill 2024-03-31 04622821 frs-core:NetGoodwill 2023-04-01 2024-03-31 04622821 frs-core:NetGoodwill 2023-03-31 04622821 frs-core:ShareCapital 2024-03-31 04622821 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04622821 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04622821 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04622821 frs-bus:SmallEntities 2023-04-01 2024-03-31 04622821 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04622821 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04622821 frs-bus:Director1 2023-04-01 2024-03-31 04622821 frs-countries:EnglandWales 2023-04-01 2024-03-31 04622821 2022-03-31 04622821 2023-03-31 04622821 2022-04-01 2023-03-31 04622821 frs-core:CurrentFinancialInstruments 2023-03-31 04622821 frs-core:ShareCapital 2023-03-31 04622821 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04622821
R L & H E Johnson Limited
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: 04622821
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 721 974
721 974
CURRENT ASSETS
Stocks 6 19,238 31,480
Debtors 7 600 -
Cash at bank and in hand 2,959 1,647
22,797 33,127
Creditors: Amounts Falling Due Within One Year 8 (8,893 ) (10,134 )
NET CURRENT ASSETS (LIABILITIES) 13,904 22,993
TOTAL ASSETS LESS CURRENT LIABILITIES 14,625 23,967
PROVISIONS FOR LIABILITIES
Deferred Taxation (137 ) (185 )
NET ASSETS 14,488 23,782
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 14,486 23,780
SHAREHOLDERS' FUNDS 14,488 23,782
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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
Mrs Helen Johnson
Director
12 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
R L & H E Johnson Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04622821 . The registered office is 16 Queen Street, Ilkeston, Derby, DE7 5GT.
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:
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% reducing balance
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.
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 60,000
As at 31 March 2024 60,000
Amortisation
As at 1 April 2023 60,000
As at 31 March 2024 60,000
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 5,333 2,075 7,408
As at 31 March 2024 5,333 2,075 7,408
Depreciation
As at 1 April 2023 4,947 1,487 6,434
Provided during the period 58 195 253
As at 31 March 2024 5,005 1,682 6,687
Net Book Value
As at 31 March 2024 328 393 721
As at 1 April 2023 386 588 974
6. Stocks
2024 2023
£ £
Stock 19,238 31,480
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 600 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 180 180
Corporation tax 5,406 6,307
Other taxes and social security 64 267
VAT 2,323 2,325
Accruals and deferred income 920 1,055
8,893 10,134
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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