Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04928980 Miss Catherine Short Mr John Short Mrs Catherine Short Mrs Catherine Short iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04928980 2022-12-31 04928980 2023-12-31 04928980 2023-01-01 2023-12-31 04928980 frs-core:CurrentFinancialInstruments 2023-12-31 04928980 frs-core:FurnitureFittings 2023-12-31 04928980 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04928980 frs-core:FurnitureFittings 2022-12-31 04928980 frs-core:NetGoodwill 2023-12-31 04928980 frs-core:NetGoodwill 2023-01-01 2023-12-31 04928980 frs-core:NetGoodwill 2022-12-31 04928980 frs-core:MotorVehicles 2023-12-31 04928980 frs-core:MotorVehicles 2023-01-01 2023-12-31 04928980 frs-core:MotorVehicles 2022-12-31 04928980 frs-core:RevaluationReserve 2022-12-31 04928980 frs-core:RevaluationReserve 2023-12-31 04928980 frs-core:ShareCapital 2023-12-31 04928980 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04928980 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04928980 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04928980 frs-bus:SmallEntities 2023-01-01 2023-12-31 04928980 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04928980 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04928980 frs-core:UnlistedNon-exchangeTraded 2023-12-31 04928980 frs-core:UnlistedNon-exchangeTraded 2022-12-31 04928980 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 04928980 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 04928980 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 04928980 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 04928980 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 04928980 frs-bus:Director1 2023-01-01 2023-12-31 04928980 frs-bus:Director2 2023-01-01 2023-12-31 04928980 frs-bus:Director3 2023-01-01 2023-12-31 04928980 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04928980 frs-countries:EnglandWales 2023-01-01 2023-12-31 04928980 2021-12-31 04928980 2022-12-31 04928980 2022-01-01 2022-12-31 04928980 frs-core:CurrentFinancialInstruments 2022-12-31 04928980 frs-core:RevaluationReserve 2022-12-31 04928980 frs-core:ShareCapital 2022-12-31 04928980 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04928980
John Short & Son Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Wynniatt-Husey Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04928980
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 2,500
Tangible Assets 5 94,651 113,442
Investments 6 135,434 134,340
230,085 250,282
CURRENT ASSETS
Stocks 7 8,332 5,564
Debtors 8 89,059 92,913
Cash at bank and in hand 95,177 169,430
192,568 267,907
Creditors: Amounts Falling Due Within One Year 9 (49,667 ) (60,402 )
NET CURRENT ASSETS (LIABILITIES) 142,901 207,505
TOTAL ASSETS LESS CURRENT LIABILITIES 372,986 457,787
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (21,978 ) (19,993 )
NET ASSETS 351,008 437,794
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Revaluation reserve 12 (616 ) (1,710 )
Profit and Loss Account 350,624 438,504
SHAREHOLDERS' FUNDS 351,008 437,794
Page 1
Page 2
For the year ending 31 December 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.
On behalf of the board
Mr John Short
Director
30 August 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
John Short & Son Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04928980 . The registered office is 3 High Street, Chasetown, Burntwood, Staffordshire, WS7 3XE.
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:
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 20% 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. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 11 (2022: 11)
11 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 50,000
As at 31 December 2023 50,000
Amortisation
As at 1 January 2023 47,500
Provided during the period 2,500
As at 31 December 2023 50,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 2,500
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 686,387 142,823 829,210
Additions - 9,427 9,427
As at 31 December 2023 686,387 152,250 838,637
Depreciation
As at 1 January 2023 612,065 103,703 715,768
Provided during the period 18,365 9,853 28,218
As at 31 December 2023 630,430 113,556 743,986
Net Book Value
As at 31 December 2023 55,957 38,694 94,651
As at 1 January 2023 74,322 39,120 113,442
Page 4
Page 5
6. Investments
Unlisted
£
Cost
As at 1 January 2023 134,340
Revaluations 1,094
As at 31 December 2023 135,434
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 135,434
As at 1 January 2023 134,340
7. Stocks
2023 2022
£ £
Stock 8,332 5,564
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 89,059 92,913
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 13,825 31,948
Corporation tax 24,339 17,208
Other taxes and social security 5,864 4,731
Net wages - 953
Other creditors 167 192
Accruals and deferred income 5,412 4,920
Directors' loan accounts 60 450
49,667 60,402
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 21,978 19,993
Page 5
Page 6
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
12. Reserves
Revaluation Reserve
£
As at 1 January 2023 (1,710 )
Deficit on revaluation 1,094
As at 31 December 2023 (616 )
Page 6