Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05786258 Mr Robin Townsend Mr Edward Townsend Mr Robin Townsend Robin Townsend true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05786258 2023-03-31 05786258 2024-03-31 05786258 2023-04-01 2024-03-31 05786258 frs-core:CurrentFinancialInstruments 2024-03-31 05786258 frs-core:FurnitureFittings 2024-03-31 05786258 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05786258 frs-core:FurnitureFittings 2023-03-31 05786258 frs-core:NetGoodwill 2024-03-31 05786258 frs-core:NetGoodwill 2023-04-01 2024-03-31 05786258 frs-core:NetGoodwill 2023-03-31 05786258 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 05786258 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05786258 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 05786258 frs-core:PlantMachinery 2024-03-31 05786258 frs-core:PlantMachinery 2023-04-01 2024-03-31 05786258 frs-core:PlantMachinery 2023-03-31 05786258 frs-core:ShareCapital 2024-03-31 05786258 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05786258 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05786258 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05786258 frs-bus:SmallEntities 2023-04-01 2024-03-31 05786258 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05786258 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05786258 1 2023-04-01 2024-03-31 05786258 frs-bus:Director1 2023-04-01 2024-03-31 05786258 frs-bus:Director2 2023-04-01 2024-03-31 05786258 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05786258 frs-countries:EnglandWales 2023-04-01 2024-03-31 05786258 2022-03-31 05786258 2023-03-31 05786258 2022-04-01 2023-03-31 05786258 frs-core:CurrentFinancialInstruments 2023-03-31 05786258 frs-core:ShareCapital 2023-03-31 05786258 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05786258
Jarrot Engines Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
R J Boggon
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05786258
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 7,589 7,589
7,590 7,590
CURRENT ASSETS
Stocks 6 1,500 5,750
Debtors 7 100 3,444
Cash at bank and in hand 4,102 16,862
5,702 26,056
Creditors: Amounts Falling Due Within One Year 8 (133,891 ) (149,103 )
NET CURRENT ASSETS (LIABILITIES) (128,189 ) (123,047 )
TOTAL ASSETS LESS CURRENT LIABILITIES (120,599 ) (115,457 )
NET LIABILITIES (120,599 ) (115,457 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (120,600 ) (115,458 )
SHAREHOLDERS' FUNDS (120,599) (115,457)
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Page 2
For the year ending 31 March 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 Robin Townsend
Director
20/09/2024
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
Jarrot Engines Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05786258 . The registered office is Woodland Cottage, Marley Lane, Chalford, Stroud, Gloucestershire, GL6 8DX.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold no depreciation
Plant & Machinery 25% on cost
Fixtures & Fittings 25% on cost
2.5. 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.
2.6. Going Concern
The Director, and sole shareholder, Robin Townsend will as in the past continue to support the company through its losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Manufacturing 1 1
1 1
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 25,000
As at 31 March 2024 25,000
Amortisation
As at 1 April 2023 24,999
As at 31 March 2024 24,999
Net Book Value
As at 31 March 2024 1
As at 1 April 2023 1
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 7,588 13,591 8,411 29,590
As at 31 March 2024 7,588 13,591 8,411 29,590
Depreciation
As at 1 April 2023 - 13,590 8,411 22,001
As at 31 March 2024 - 13,590 8,411 22,001
Net Book Value
As at 31 March 2024 7,588 1 - 7,589
As at 1 April 2023 7,588 1 - 7,589
6. Stocks
2024 2023
£ £
Stock 1,000 4,500
Work in progress 500 1,250
1,500 5,750
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 100 36
VAT - 3,408
100 3,444
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Other creditors - 6,000
Accruals and deferred income 1,006 1,006
Directors' loan accounts 132,884 142,096
133,891 149,103
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Ultimate Controlling Party
The company's ultimate controlling party is Robin Townsend by virtue of his ownership of 100% of the issued share capital in the company.
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