Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11202528 A Gillespie-Smith M James M Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11202528 2023-02-28 11202528 2024-02-29 11202528 2023-03-01 2024-02-29 11202528 frs-core:CurrentFinancialInstruments 2024-02-29 11202528 frs-core:Non-currentFinancialInstruments 2024-02-29 11202528 frs-core:ComputerEquipment 2024-02-29 11202528 frs-core:ComputerEquipment 2023-03-01 2024-02-29 11202528 frs-core:ComputerEquipment 2023-02-28 11202528 frs-core:FurnitureFittings 2024-02-29 11202528 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11202528 frs-core:FurnitureFittings 2023-02-28 11202528 frs-core:PlantMachinery 2024-02-29 11202528 frs-core:PlantMachinery 2023-03-01 2024-02-29 11202528 frs-core:PlantMachinery 2023-02-28 11202528 frs-core:ShareCapital 2024-02-29 11202528 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11202528 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11202528 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11202528 frs-bus:SmallEntities 2023-03-01 2024-02-29 11202528 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11202528 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11202528 frs-bus:Director1 2023-03-01 2024-02-29 11202528 frs-bus:Director2 2023-03-01 2024-02-29 11202528 frs-bus:Director3 2023-03-01 2024-02-29 11202528 frs-countries:EnglandWales 2023-03-01 2024-02-29 11202528 2022-02-28 11202528 2023-02-28 11202528 2022-03-01 2023-02-28 11202528 frs-core:CurrentFinancialInstruments 2023-02-28 11202528 frs-core:Non-currentFinancialInstruments 2023-02-28 11202528 frs-core:ShareCapital 2023-02-28 11202528 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11202528
JMS Vehicle Conversions Ltd
Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11202528
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,331 4,019
3,331 4,019
CURRENT ASSETS
Stocks 5 86,536 157,504
Debtors 6 27,357 21,470
Cash at bank and in hand 22,468 280
136,361 179,254
Creditors: Amounts Falling Due Within One Year 7 (68,792 ) (95,296 )
NET CURRENT ASSETS (LIABILITIES) 67,569 83,958
TOTAL ASSETS LESS CURRENT LIABILITIES 70,900 87,977
Creditors: Amounts Falling Due After More Than One Year 8 (69,611 ) (115,111 )
NET ASSETS/(LIABILITIES) 1,289 (27,134 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 1,189 (27,234 )
SHAREHOLDERS' FUNDS 1,289 (27,134)
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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
M Johnson
Director
2 September 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
JMS Vehicle Conversions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11202528 . The registered office is Marine House, 151 Western Road, Haywards Heath, RH16 3LH.
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 5 years straight line
Fixtures & Fittings 5 years straight line
Computer Equipment 4 years straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 4,302 1,674 399 6,375
Additions 650 - 117 767
As at 29 February 2024 4,952 1,674 516 7,142
Depreciation
As at 1 March 2023 1,609 514 233 2,356
Provided during the period 991 335 129 1,455
As at 29 February 2024 2,600 849 362 3,811
...CONTINUED
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Net Book Value
As at 29 February 2024 2,352 825 154 3,331
As at 1 March 2023 2,693 1,160 166 4,019
5. Stocks
2024 2023
£ £
Stock and WIP 86,536 157,504
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,343 1,601
Other debtors 16,014 19,869
27,357 21,470
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,781 37,743
Bank loans and overdrafts 5,500 5,500
Other creditors 34,310 48,793
Taxation and social security 12,201 3,260
68,792 95,296
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,875 12,375
Other creditors 62,736 102,736
69,611 115,111
9. Related Party Transactions
During the year, the company has invoiced £6,658 (2023: £7,149) to JMS Vehicle Storage Ltd.  The directors M Johnson and M James both have a controlling interest in JMS Vehicle Storage Ltd. 
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