Acorah Software Products - Accounts Production 15.0.600 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 07948406 Mr A Jepson A Peterkin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07948406 2023-04-05 07948406 2024-04-05 07948406 2023-04-06 2024-04-05 07948406 frs-core:CurrentFinancialInstruments 2024-04-05 07948406 frs-core:Non-currentFinancialInstruments 2024-04-05 07948406 frs-core:ComputerEquipment 2024-04-05 07948406 frs-core:ComputerEquipment 2023-04-06 2024-04-05 07948406 frs-core:ComputerEquipment 2023-04-05 07948406 frs-core:FurnitureFittings 2024-04-05 07948406 frs-core:FurnitureFittings 2023-04-06 2024-04-05 07948406 frs-core:FurnitureFittings 2023-04-05 07948406 frs-core:MotorVehicles 2024-04-05 07948406 frs-core:MotorVehicles 2023-04-06 2024-04-05 07948406 frs-core:MotorVehicles 2023-04-05 07948406 frs-core:PlantMachinery 2024-04-05 07948406 frs-core:PlantMachinery 2023-04-06 2024-04-05 07948406 frs-core:PlantMachinery 2023-04-05 07948406 frs-core:RevaluationReserve 2023-04-06 2024-04-05 07948406 frs-core:RevaluationReserve 2024-04-05 07948406 frs-core:ShareCapital 2024-04-05 07948406 frs-core:RetainedEarningsAccumulatedLosses 2024-04-05 07948406 frs-bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 07948406 frs-bus:FilletedAccounts 2023-04-06 2024-04-05 07948406 frs-bus:SmallEntities 2023-04-06 2024-04-05 07948406 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 07948406 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 07948406 frs-bus:Director1 2023-04-06 2024-04-05 07948406 frs-bus:Director1 2023-04-05 07948406 frs-bus:Director1 2024-04-05 07948406 frs-bus:CompanySecretary1 2023-04-06 2024-04-05 07948406 frs-countries:EnglandWales 2023-04-06 2024-04-05 07948406 2022-04-05 07948406 2023-04-05 07948406 2022-04-06 2023-04-05 07948406 frs-core:CurrentFinancialInstruments 2023-04-05 07948406 frs-core:Non-currentFinancialInstruments 2023-04-05 07948406 frs-core:RevaluationReserve 2023-04-05 07948406 frs-core:ShareCapital 2023-04-05 07948406 frs-core:RetainedEarningsAccumulatedLosses 2023-04-05
Registered number: 07948406
Jepson Gardening Services Ltd
Financial Statements
For The Year Ended 5 April 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07948406
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 15,116 7,725
15,116 7,725
CURRENT ASSETS
Debtors 4 7,631 4,785
Cash at bank and in hand 6,522 3,075
14,153 7,860
Creditors: Amounts Falling Due Within One Year 5 (5,838 ) (4,417 )
NET CURRENT ASSETS (LIABILITIES) 8,315 3,443
TOTAL ASSETS LESS CURRENT LIABILITIES 23,431 11,168
Creditors: Amounts Falling Due After More Than One Year 6 (4,347 ) (6,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (592 ) (1,468 )
NET ASSETS 18,492 3,367
CAPITAL AND RESERVES
Called up share capital 7 3 3
Revaluation reserve 9 12,000 -
Profit and Loss Account 6,489 3,364
SHAREHOLDERS' FUNDS 18,492 3,367
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For the year ending 5 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 A Jepson
Director
27 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 33% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 33% straight line
1.4. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: 1)
1 1
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3. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 6 April 2023 4,168 18,032 6,497 4,485 33,182
Additions 1,760 - - 115 1,875
Disposals (972 ) - - (2,109 ) (3,081 )
Revaluation - 12,000 - - 12,000
As at 5 April 2024 4,956 30,032 6,497 2,491 43,976
Depreciation
As at 6 April 2023 3,661 13,524 4,098 4,174 25,457
Provided during the period 828 4,508 799 349 6,484
Disposals (972 ) - - (2,109 ) (3,081 )
As at 5 April 2024 3,517 18,032 4,897 2,414 28,860
Net Book Value
As at 5 April 2024 1,439 12,000 1,600 77 15,116
As at 6 April 2023 507 4,508 2,399 311 7,725
The vehicle was revalued during the year to it's correct market value of £12,000. The future depreciation rate for vehicle fixed assets are to be revised.
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 94 -
Director's loan account 7,537 4,785
7,631 4,785
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 96 96
Bank loans and overdrafts 833 833
Corporation tax 4,142 3,200
Other taxes and social security 479 -
Accruals and deferred income 288 288
5,838 4,417
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,347 6,333
4,347 6,333
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
8. Directors Advances, Credits and Guarantees
At the balance sheet date, the director loan account position is as follows:
As at 6 April 2023 Amounts advanced Amounts repaid Amounts written off As at 5 April 2024
£ £ £ £ £
Mr Anthony Jepson 4,785 28,725 25,973 - 7,537
The above loan account was repaid within 9 months after the year end. The loan is unsecured, interest free and repayable on demand.
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 12,000
As at 5 April 2024 12,000
10. General Information
Jepson Gardening Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07948406 . The registered office is 550 Valley Road, Basford, Nottingham, NG5 1JJ.
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