Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 04724556 Mr Joe Palmer Mrs Sarah Palmer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04724556 2023-04-30 04724556 2024-04-30 04724556 2023-05-01 2024-04-30 04724556 frs-core:CurrentFinancialInstruments 2024-04-30 04724556 frs-core:ComputerEquipment 2024-04-30 04724556 frs-core:ComputerEquipment 2023-05-01 2024-04-30 04724556 frs-core:ComputerEquipment 2023-04-30 04724556 frs-core:FurnitureFittings 2024-04-30 04724556 frs-core:FurnitureFittings 2023-05-01 2024-04-30 04724556 frs-core:FurnitureFittings 2023-04-30 04724556 frs-core:MotorVehicles 2024-04-30 04724556 frs-core:MotorVehicles 2023-05-01 2024-04-30 04724556 frs-core:MotorVehicles 2023-04-30 04724556 frs-core:PlantMachinery 2024-04-30 04724556 frs-core:PlantMachinery 2023-05-01 2024-04-30 04724556 frs-core:PlantMachinery 2023-04-30 04724556 frs-core:WithinOneYear 2024-04-30 04724556 frs-core:ShareCapital 2024-04-30 04724556 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04724556 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04724556 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 04724556 frs-bus:SmallEntities 2023-05-01 2024-04-30 04724556 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04724556 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04724556 frs-bus:Director1 2023-05-01 2024-04-30 04724556 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 04724556 frs-countries:EnglandWales 2023-05-01 2024-04-30 04724556 2022-04-30 04724556 2023-04-30 04724556 2022-05-01 2023-04-30 04724556 frs-core:CurrentFinancialInstruments 2023-04-30 04724556 frs-core:BetweenOneFiveYears 2023-04-30 04724556 frs-core:WithinOneYear 2023-04-30 04724556 frs-core:ShareCapital 2023-04-30 04724556 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 04724556
Joe Palmer Building Maintenance Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04724556
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 101,059 90,336
101,059 90,336
CURRENT ASSETS
Debtors 5 294,048 299,425
Cash at bank and in hand 136,932 11,843
430,980 311,268
Creditors: Amounts Falling Due Within One Year 6 (171,145 ) (161,020 )
NET CURRENT ASSETS (LIABILITIES) 259,835 150,248
TOTAL ASSETS LESS CURRENT LIABILITIES 360,894 240,584
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,158 ) (14,803 )
NET ASSETS 338,736 225,781
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 338,734 225,779
SHAREHOLDERS' FUNDS 338,736 225,781
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Joe Palmer
Director
18/09/2024
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
Joe Palmer Building Maintenance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04724556 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent , BR8 7PA.
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.
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 15% on reducing balance
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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 Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 32,288 134,005 867 6,481 173,641
Additions 29,510 - - 3,448 32,958
Disposals (728 ) - - (447 ) (1,175 )
As at 30 April 2024 61,070 134,005 867 9,482 205,424
Depreciation
As at 1 May 2023 10,049 69,598 130 3,528 83,305
Provided during the period 7,715 12,996 110 939 21,760
Disposals (404 ) - - (296 ) (700 )
As at 30 April 2024 17,360 82,594 240 4,171 104,365
Net Book Value
As at 30 April 2024 43,710 51,411 627 5,311 101,059
As at 1 May 2023 22,239 64,407 737 2,953 90,336
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 274,862 273,600
Other debtors 144 5,019
VAT 19,042 20,806
294,048 299,425
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 3,456
Trade creditors 10,562 40,385
Corporation tax 76,733 21,926
Other taxes and social security 73,408 81,751
Other creditors 9,525 7,020
Director's loan account 917 6,482
171,145 161,020
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 3,456
Later than one year and not later than five years - -
- 3,456
- 3,456
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 122,000 100,000
10. Related Party Transactions
Included in other creditors is an amount of £917 (2023 - £6,482), owed to the company director Mr J and Mrs S Palmer. This loan is interest free and no repayment terms have been agreed.
Page 5