Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 08180851 Miss Emma Chulk Mr Lionel Mullins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08180851 2023-07-31 08180851 2024-07-31 08180851 2023-08-01 2024-07-31 08180851 frs-core:CurrentFinancialInstruments 2024-07-31 08180851 frs-core:Non-currentFinancialInstruments 2024-07-31 08180851 frs-core:BetweenOneFiveYears 2024-07-31 08180851 frs-core:ComputerEquipment 2023-08-01 2024-07-31 08180851 frs-core:MotorVehicles 2024-07-31 08180851 frs-core:MotorVehicles 2023-08-01 2024-07-31 08180851 frs-core:MotorVehicles 2023-07-31 08180851 frs-core:PlantMachinery 2024-07-31 08180851 frs-core:PlantMachinery 2023-08-01 2024-07-31 08180851 frs-core:PlantMachinery 2023-07-31 08180851 frs-core:WithinOneYear 2024-07-31 08180851 frs-core:ShareCapital 2024-07-31 08180851 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08180851 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08180851 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 08180851 frs-bus:SmallEntities 2023-08-01 2024-07-31 08180851 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08180851 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08180851 frs-bus:Director1 2023-08-01 2024-07-31 08180851 frs-bus:Director2 2023-08-01 2024-07-31 08180851 frs-countries:EnglandWales 2023-08-01 2024-07-31 08180851 2022-07-31 08180851 2023-07-31 08180851 2022-08-01 2023-07-31 08180851 frs-core:CurrentFinancialInstruments 2023-07-31 08180851 frs-core:Non-currentFinancialInstruments 2023-07-31 08180851 frs-core:BetweenOneFiveYears 2023-07-31 08180851 frs-core:WithinOneYear 2023-07-31 08180851 frs-core:ShareCapital 2023-07-31 08180851 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 08180851
LJJ Surfacing Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Arque Consulting
Addington Business Centre, 24 Vulcan Way
New Addington
Surrey
CR0 9UG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08180851
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 98,653 125,035
98,653 125,035
CURRENT ASSETS
Debtors 5 18,881 98,901
Cash at bank and in hand 71,108 42,382
89,989 141,283
Creditors: Amounts Falling Due Within One Year 6 (88,281 ) (118,374 )
NET CURRENT ASSETS (LIABILITIES) 1,708 22,909
TOTAL ASSETS LESS CURRENT LIABILITIES 100,361 147,944
Creditors: Amounts Falling Due After More Than One Year 7 (33,402 ) (78,160 )
NET ASSETS 66,959 69,784
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 66,949 69,774
SHAREHOLDERS' FUNDS 66,959 69,784
Page 1
Page 2
For the year ending 31 July 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
Miss Emma Chulk
Director
9th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LJJ Surfacing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08180851 . The registered office is Addington Business Centre, 24 Vulcan Way, New Addington, Surrey, CR0 9UG.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33.3% Straight Line
2.4. 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.
2.5. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2023 90,167 129,122 219,289
Additions 978 13,334 14,312
Disposals - (22,496 ) (22,496 )
As at 31 July 2024 91,145 119,960 211,105
Depreciation
As at 1 August 2023 45,002 49,252 94,254
Provided during the period 12,111 20,661 32,772
Disposals - (14,574 ) (14,574 )
As at 31 July 2024 57,113 55,339 112,452
Net Book Value
As at 31 July 2024 34,032 64,621 98,653
As at 1 August 2023 45,165 79,870 125,035
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,445 94,301
Prepayments and accrued income 2,436 -
Corporation tax recoverable assets - 76
VAT - 4,524
18,881 98,901
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,447 11,447
Trade creditors 1 -
Bank loans and overdrafts 33,311 33,311
Corporation tax 23,846 25,864
Other taxes and social security 15,829 18,005
VAT 1,785 -
Accruals and deferred income 600 597
Directors' loan accounts 1,462 29,150
88,281 118,374
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 23,927 35,374
Bank loans 9,475 42,786
33,402 78,160
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,447 11,447
Later than one year and not later than five years 23,927 35,374
35,374 46,821
35,374 46,821
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Miss Emma Chulk 36,000 50,500
Mr Lionel Mullins 36,000 50,500
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 72,000 78,000
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