Acorah Software Products - Accounts Production 15.0.400 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13181653 Mr Nicholas Johnson Mrs Masuma Johnson Ms Layla Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13181653 2023-02-28 13181653 2024-02-29 13181653 2023-03-01 2024-02-29 13181653 frs-core:CurrentFinancialInstruments 2024-02-29 13181653 frs-core:Non-currentFinancialInstruments 2024-02-29 13181653 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 13181653 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13181653 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 13181653 frs-core:ShareCapital 2024-02-29 13181653 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13181653 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13181653 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13181653 frs-bus:SmallEntities 2023-03-01 2024-02-29 13181653 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13181653 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13181653 frs-bus:Director1 2023-03-01 2024-02-29 13181653 frs-bus:Director2 2023-03-01 2024-02-29 13181653 frs-bus:Director3 2023-03-01 2024-02-29 13181653 frs-countries:EnglandWales 2023-03-01 2024-02-29 13181653 2022-02-28 13181653 2023-02-28 13181653 2022-03-01 2023-02-28 13181653 frs-core:CurrentFinancialInstruments 2023-02-28 13181653 frs-core:Non-currentFinancialInstruments 2023-02-28 13181653 frs-core:ShareCapital 2023-02-28 13181653 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13181653
Johnson Family Investments Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13181653
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 343,705 343,705
343,705 343,705
CURRENT ASSETS
Debtors 5 (1 ) (1 )
Cash at bank and in hand 5 504
4 503
Creditors: Amounts Falling Due Within One Year 6 (180,880 ) (170,998 )
NET CURRENT ASSETS (LIABILITIES) (180,876 ) (170,495 )
TOTAL ASSETS LESS CURRENT LIABILITIES 162,829 173,210
Creditors: Amounts Falling Due After More Than One Year 7 (174,727 ) (180,221 )
NET LIABILITIES (11,898 ) (7,011 )
CAPITAL AND RESERVES
Called up share capital 8 9 9
Profit and Loss Account (11,907 ) (7,020 )
SHAREHOLDERS' FUNDS (11,898) (7,011)
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Page 2
For the year ending 29 February 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 Nicholas Johnson
Director
14/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Johnson Family Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13181653 . The registered office is DEB House, 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, S71 3HR.
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 0% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 March 2023 343,705
As at 29 February 2024 343,705
Net Book Value
As at 29 February 2024 343,705
As at 1 March 2023 343,705
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors (1 ) (1 )
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 11,400 11,400
PAYE Creditors - 440
Net wages 9,183 1,760
Accruals and deferred income 12,072 12,397
Directors' loan accounts 148,225 145,001
180,880 170,998
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loan more than 1 year 174,727 180,221
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 9 9
9. Related Party Transactions
The company is controlled by Mr & Mrs Johnson and Ms L M Johnson, directors and shareholders of the company.
The balance on the directors' loan account of Mr & Mrs Johnson at 28th February 2024 was £148,225 due from the company (2023 - £ 145,001)
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