Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05278084 E A Farmer J L Farmer E A Farmer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05278084 2023-03-31 05278084 2024-03-31 05278084 2023-04-01 2024-03-31 05278084 frs-core:CurrentFinancialInstruments 2024-03-31 05278084 frs-core:Non-currentFinancialInstruments 2024-03-31 05278084 frs-core:FurnitureFittings 2024-03-31 05278084 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05278084 frs-core:FurnitureFittings 2023-03-31 05278084 frs-core:PlantMachinery 2024-03-31 05278084 frs-core:PlantMachinery 2023-04-01 2024-03-31 05278084 frs-core:PlantMachinery 2023-03-31 05278084 frs-core:ShareCapital 2024-03-31 05278084 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05278084 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05278084 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05278084 frs-bus:SmallEntities 2023-04-01 2024-03-31 05278084 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05278084 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05278084 frs-bus:Director1 2023-04-01 2024-03-31 05278084 frs-bus:Director2 2023-04-01 2024-03-31 05278084 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05278084 frs-core:CurrentFinancialInstruments 2 2024-03-31 05278084 frs-countries:EnglandWales 2023-04-01 2024-03-31 05278084 2022-03-31 05278084 2023-03-31 05278084 2022-04-01 2023-03-31 05278084 frs-core:CurrentFinancialInstruments 2023-03-31 05278084 frs-core:Non-currentFinancialInstruments 2023-03-31 05278084 frs-core:ShareCapital 2023-03-31 05278084 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 05278084 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 05278084
J F Electrical Services (Midlands) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
The Boss Partnership
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05278084
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 980 1,250
980 1,250
CURRENT ASSETS
Debtors 5 63,998 13,941
Cash at bank and in hand 1,317 621
65,315 14,562
Creditors: Amounts Falling Due Within One Year 6 (72,093 ) (100,187 )
NET CURRENT ASSETS (LIABILITIES) (6,778 ) (85,625 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,798 ) (84,375 )
Creditors: Amounts Falling Due After More Than One Year 7 (28,229 ) (34,210 )
NET LIABILITIES (34,027 ) (118,585 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (34,127 ) (118,685 )
SHAREHOLDERS' FUNDS (34,027) (118,585)
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
E A Farmer
Director
20/08/2024
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
J F Electrical Services (Midlands) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05278084 . The registered office is No1 Parkside Court, Greenhough Road, Lichfield, Staffordshire, WS13 7FE.
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:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 6)
4 6
Page 3
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 5,795 1,562 7,357
As at 31 March 2024 5,795 1,562 7,357
Depreciation
As at 1 April 2023 4,820 1,287 6,107
Provided during the period 215 55 270
As at 31 March 2024 5,035 1,342 6,377
Net Book Value
As at 31 March 2024 760 220 980
As at 1 April 2023 975 275 1,250
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 61,540 11,483
Prepayments and accrued income 233 233
Other debtors 2,225 2,225
63,998 13,941
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,254 26,775
Bank loans and overdrafts 8,735 5,605
Other taxes and social security 1,766 9,466
VAT 45,657 49,612
Net wages - 1,344
Pension liability 22 128
Accruals and deferred income 1,600 1,482
Directors' loan accounts 3,059 5,775
72,093 100,187
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,229 34,210
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5