Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 03233569 Mr Stanley John Mr Edward John Ms Bhanumati John iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03233569 2022-11-30 03233569 2023-11-30 03233569 2022-12-01 2023-11-30 03233569 frs-core:CurrentFinancialInstruments 2023-11-30 03233569 frs-core:Non-currentFinancialInstruments 2023-11-30 03233569 frs-core:BetweenOneFiveYears 2023-11-30 03233569 frs-core:ComputerEquipment 2023-11-30 03233569 frs-core:ComputerEquipment 2022-12-01 2023-11-30 03233569 frs-core:ComputerEquipment 2022-11-30 03233569 frs-core:FurnitureFittings 2023-11-30 03233569 frs-core:FurnitureFittings 2022-12-01 2023-11-30 03233569 frs-core:FurnitureFittings 2022-11-30 03233569 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 03233569 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 03233569 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 03233569 frs-core:MotorVehicles 2023-11-30 03233569 frs-core:MotorVehicles 2022-12-01 2023-11-30 03233569 frs-core:MotorVehicles 2022-11-30 03233569 frs-core:PlantMachinery 2023-11-30 03233569 frs-core:PlantMachinery 2022-12-01 2023-11-30 03233569 frs-core:PlantMachinery 2022-11-30 03233569 frs-core:WithinOneYear 2023-11-30 03233569 frs-core:CapitalRedemptionReserve 2023-11-30 03233569 frs-core:OtherReservesSubtotal 2023-11-30 03233569 frs-core:ShareCapital 2023-11-30 03233569 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 03233569 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 03233569 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 03233569 frs-bus:SmallEntities 2022-12-01 2023-11-30 03233569 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 03233569 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 03233569 frs-bus:OrdinaryShareClass2 2022-12-01 2023-11-30 03233569 frs-bus:OrdinaryShareClass2 2023-11-30 03233569 frs-bus:OrdinaryShareClass3 2022-12-01 2023-11-30 03233569 frs-bus:OrdinaryShareClass3 2023-11-30 03233569 frs-bus:OrdinaryShareClass4 2022-12-01 2023-11-30 03233569 frs-bus:OrdinaryShareClass4 2023-11-30 03233569 frs-bus:Director1 2022-12-01 2023-11-30 03233569 frs-bus:Director2 2022-12-01 2023-11-30 03233569 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 03233569 frs-countries:EnglandWales 2022-12-01 2023-11-30 03233569 2021-11-30 03233569 2022-11-30 03233569 2021-12-01 2022-11-30 03233569 frs-core:CurrentFinancialInstruments 2022-11-30 03233569 frs-core:Non-currentFinancialInstruments 2022-11-30 03233569 frs-core:BetweenOneFiveYears 2022-11-30 03233569 frs-core:WithinOneYear 2022-11-30 03233569 frs-core:CapitalRedemptionReserve 2022-11-30 03233569 frs-core:OtherReservesSubtotal 2022-11-30 03233569 frs-core:ShareCapital 2022-11-30 03233569 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 03233569 frs-bus:OrdinaryShareClass2 2021-12-01 2022-11-30 03233569 frs-bus:OrdinaryShareClass3 2021-12-01 2022-11-30 03233569 frs-bus:OrdinaryShareClass4 2021-12-01 2022-11-30
Registered number: 03233569
Stanley John Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 03233569
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 259,446 457,519
259,446 457,519
CURRENT ASSETS
Stocks 5 349,413 321,404
Debtors 6 1,709,057 1,595,058
Cash at bank and in hand 56,966 135,376
2,115,436 2,051,838
Creditors: Amounts Falling Due Within One Year 7 (1,433,023 ) (1,650,952 )
NET CURRENT ASSETS (LIABILITIES) 682,413 400,886
TOTAL ASSETS LESS CURRENT LIABILITIES 941,859 858,405
Creditors: Amounts Falling Due After More Than One Year 8 (280,173 ) (243,435 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (40,945 ) (39,867 )
NET ASSETS 620,741 575,103
CAPITAL AND RESERVES
Called up share capital 10 320 220
Capital redemption reserve 80 80
Other reserves 147,028 147,028
Profit and Loss Account 473,313 427,775
SHAREHOLDERS' FUNDS 620,741 575,103
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For the year ending 30 November 2023 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.
The financial statements were approved by the board of directors on 30 August 2024 and were signed on its behalf by:
Mr Stanley John
Director
Mr Edward John
Director
30/08/2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Stanley John Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03233569 . The registered office is Express Way, Hambridge Lane, Newbury, RG14 5TJ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The
estimates and associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of
the revision and future periods where the revision affects both current and future periods.
2.4. 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.
2.5. 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 Nil
Plant & Machinery 5% on costs
Motor Vehicles 10% reducing balance
Fixtures & Fittings 5% on costs
Computer Equipment 33.33% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the
carrying value of the asset, and is credited or charged to profit or loss.
2.6. 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.
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2.7. 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.
2.8. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other
Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price
including transaction costs and are subsequently carried at amortised cost using the effective interest method unless
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after
deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that
are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method.
2.9. 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.
2.10. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks,
other short-term highly liquid investments that mature in no more than three months from the date of acquisition and
are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
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2.11. Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required
to be recognised as part of the cost of stock of fixed assets.
2.12. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends
payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2022: 21)
19 21
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2022 191,722 296,653 224,164 4,214
Additions - 37,368 - -
Disposals (191,722 ) - (59,830 ) -
As at 30 November 2023 - 334,021 164,334 4,214
Depreciation
As at 1 December 2022 - 77,414 177,608 4,213
Provided during the period - 14,832 4,656 -
Disposals - - (35,599 ) -
As at 30 November 2023 - 92,246 146,665 4,213
Net Book Value
As at 30 November 2023 - 241,775 17,669 1
As at 1 December 2022 191,722 219,239 46,556 1
Computer Equipment Total
£ £
Cost
As at 1 December 2022 3,233 719,986
Additions - 37,368
Disposals - (251,552 )
As at 30 November 2023 3,233 505,802
Depreciation
As at 1 December 2022 3,232 262,467
Provided during the period - 19,488
Disposals - (35,599 )
As at 30 November 2023 3,232 246,356
Net Book Value
As at 30 November 2023 1 259,446
As at 1 December 2022 1 457,519
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5. Stocks
2023 2022
£ £
Stock 349,413 321,404
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 964,569 1,156,507
Amounts owed by group undertakings 682,102 376,265
Other debtors 62,386 62,286
1,709,057 1,595,058
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 27,096 54,262
Trade creditors 861,369 992,884
Bank loans and overdrafts 451,898 516,647
Other creditors 12,254 16,563
Taxation and social security 80,406 70,596
1,433,023 1,650,952
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 71,240 76,018
Bank loans 118,417 167,417
Other loans 90,516 -
280,173 243,435
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 27,096 54,262
Later than one year and not later than five years 71,240 76,018
98,336 130,280
98,336 130,280
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10. Share Capital
2023 2022
Allotted, called up and fully paid £ £
120 Ordinary A shares of £ 1.00 each 120 120
100 Ordinary B shares of £ 1.00 each 100 100
100 Ordinary C shares of £ 1.00 each 100 -
320 220
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