Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 6 January 2022 false 1 February 2023 31 January 2024 31 January 2024 13831452 Mr B Barnard Mr J Storer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13831452 2023-01-31 13831452 2024-01-31 13831452 2023-02-01 2024-01-31 13831452 frs-core:CurrentFinancialInstruments 2024-01-31 13831452 frs-core:Non-currentFinancialInstruments 2024-01-31 13831452 frs-core:ShareCapital 2024-01-31 13831452 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13831452 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13831452 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13831452 frs-bus:SmallEntities 2023-02-01 2024-01-31 13831452 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13831452 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13831452 frs-bus:Director1 2023-02-01 2024-01-31 13831452 frs-bus:Director2 2023-02-01 2024-01-31 13831452 frs-countries:EnglandWales 2023-02-01 2024-01-31 13831452 2022-01-05 13831452 2023-01-31 13831452 2022-01-06 2023-01-31 13831452 frs-core:CurrentFinancialInstruments 2023-01-31 13831452 frs-core:Non-currentFinancialInstruments 2023-01-31 13831452 frs-core:ShareCapital 2023-01-31 13831452 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13831452
JGS Croft Meadow Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr B Barnard
Mr J Storer
Company Number 13831452
Registered Office 9 The Old Yard
Attleborough
Norfolk
NR17 1SS
Accountants GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
Page 1
Page 2
Balance Sheet
Registered number: 13831452
31 January 2024 31 January 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,060,948 435,399
Debtors 5 11,224 8,974
Cash at bank and in hand 54,080 712
1,126,252 445,085
Creditors: Amounts Falling Due Within One Year 6 (23,594 ) (13,700 )
NET CURRENT ASSETS (LIABILITIES) 1,102,658 431,385
TOTAL ASSETS LESS CURRENT LIABILITIES 1,102,658 431,385
Creditors: Amounts Falling Due After More Than One Year 7 (1,161,334 ) (433,803 )
NET LIABILITIES (58,676 ) (2,418 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (58,677 ) (2,419 )
SHAREHOLDERS' FUNDS (58,676) (2,418)
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For the year ending 31 January 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 B Barnard
Director
12/09/2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
JGS Croft Meadow Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13831452 . The registered office is 9 The Old Yard, Attleborough, Norfolk, NR17 1SS.
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. 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.
2.4. 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
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2.4. 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: NIL (2023: NIL)
- -
4. Stocks
31 January 2024 31 January 2023
£ £
Work in progress 1,060,948 435,399
5. Debtors
31 January 2024 31 January 2023
£ £
Due within one year
Other debtors 11,224 8,974
6. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 January 2023
£ £
Trade creditors 20,895 -
Amounts owed to participating interests - 12,200
Other creditors 1,250 2,952
Taxation and social security 1,449 (1,452 )
23,594 13,700
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7. Creditors: Amounts Falling Due After More Than One Year
31 January 2024 31 January 2023
£ £
Bank loans 724,297 -
Other creditors 437,037 433,803
1,161,334 433,803
Bank loans falling due after one year are secured against the assets of the company by a fixed and floating charge.
8. Share Capital
31 January 2024 31 January 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included in the debtors is a loan to the directors of £1,500 (2023: £NIL). This loan is unsecured, interest free and repayable on demand. 
Included in the creditors due after more than one year is a loan from the directors of £437,037 (2023: £433,803). This loan is unsecured and repayable on demand. Interest is charge on this loan at a rate of 1%. 
10. Related Party Transactions
Included within the creditors is a loan from a company related by virtue of common control of £35 (2023 £12,200). This loan is unsecured,  interest free and repayable on demand.  
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