Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 NI012637 Mr Richard Conlin Mr Thomas Conlin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI012637 2022-12-31 NI012637 2023-12-31 NI012637 2023-01-01 2023-12-31 NI012637 frs-core:CurrentFinancialInstruments 2023-12-31 NI012637 frs-core:Non-currentFinancialInstruments 2023-12-31 NI012637 frs-core:FurnitureFittings 2023-12-31 NI012637 frs-core:FurnitureFittings 2023-01-01 2023-12-31 NI012637 frs-core:FurnitureFittings 2022-12-31 NI012637 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 NI012637 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 NI012637 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 NI012637 frs-core:MotorVehicles 2023-12-31 NI012637 frs-core:MotorVehicles 2023-01-01 2023-12-31 NI012637 frs-core:MotorVehicles 2022-12-31 NI012637 frs-core:CapitalRedemptionReserve 2023-12-31 NI012637 frs-core:ShareCapital 2023-12-31 NI012637 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI012637 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI012637 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI012637 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI012637 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI012637 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI012637 frs-core:CostValuation 2022-12-31 NI012637 frs-core:CostValuation 2023-12-31 NI012637 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 NI012637 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 NI012637 frs-bus:Director1 2023-01-01 2023-12-31 NI012637 frs-bus:Director2 2023-01-01 2023-12-31 NI012637 frs-core:CurrentFinancialInstruments 1 2023-12-31 NI012637 frs-core:Non-currentFinancialInstruments 1 2023-12-31 NI012637 frs-countries:NorthernIreland 2023-01-01 2023-12-31 NI012637 2021-12-31 NI012637 2022-12-31 NI012637 2022-01-01 2022-12-31 NI012637 frs-core:CurrentFinancialInstruments 2022-12-31 NI012637 frs-core:Non-currentFinancialInstruments 2022-12-31 NI012637 frs-core:CapitalRedemptionReserve 2022-12-31 NI012637 frs-core:ShareCapital 2022-12-31 NI012637 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI012637 frs-core:CurrentFinancialInstruments 1 2022-12-31 NI012637 frs-core:Non-currentFinancialInstruments 1 2022-12-31
Registered number: NI012637
J. & T. Enterprises Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI012637
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,210 21,827
Investments 5 53,157 53,157
86,367 74,984
CURRENT ASSETS
Stocks 6 80,127 95,214
Debtors 7 164,628 153,643
Cash at bank and in hand 468 1,108
245,223 249,965
Creditors: Amounts Falling Due Within One Year 8 (200,088 ) (200,459 )
NET CURRENT ASSETS (LIABILITIES) 45,135 49,506
TOTAL ASSETS LESS CURRENT LIABILITIES 131,502 124,490
Creditors: Amounts Falling Due After More Than One Year 9 (56,123 ) (60,549 )
NET ASSETS 75,379 63,941
CAPITAL AND RESERVES
Called up share capital 10 44,667 44,667
Capital redemption reserve 5,333 5,333
Profit and Loss Account 25,379 13,941
SHAREHOLDERS' FUNDS 75,379 63,941
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Page 2
For the year ending 31 December 2023 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 Richard Conlin
Director
26/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
J. & T. Enterprises Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI012637 . The registered office is 8h Knockmore Industrial Estate, Lisburn, Co Antrim, BT28 2EJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have considered the financial position over the next twelve months and have not identified any material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Leasehold 10% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 10% & 33.3% straight line
2.5. Stocks and Work in Progress
Stocks 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.
2.6. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 7)
6 7
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4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 10,000 19,325 231,162 260,487
Additions - 7,800 7,365 15,165
Disposals - (6,000 ) - (6,000 )
As at 31 December 2023 10,000 21,125 238,527 269,652
Depreciation
As at 1 January 2023 10,000 14,775 213,885 238,660
Provided during the period - 310 1,972 2,282
Disposals - (4,500 ) - (4,500 )
As at 31 December 2023 10,000 10,585 215,857 236,442
Net Book Value
As at 31 December 2023 - 10,540 22,670 33,210
As at 1 January 2023 - 4,550 17,277 21,827
5. Investments
Other
£
Cost
As at 1 January 2023 53,157
As at 31 December 2023 53,157
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 53,157
As at 1 January 2023 53,157
The company owns 99.6% of M J Campbell ltd, a dormant company registered in Northern Ireland and having capital and reserves of £53,364.
6. Stocks
2023 2022
£ £
Finished goods 80,127 95,214
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 152,320 145,465
Prepayments and accrued income 12,308 8,178
164,628 153,643
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 125,940 124,158
Bank loans and overdrafts 35,034 32,745
Other taxes and social security 6,036 3,032
VAT 15,716 14,615
Other creditors 1,968 801
Other loan 3,600 4,000
Accruals and deferred income 11,468 20,607
Directors' loan accounts 326 501
200,088 200,459
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loan > 1 year 3,462 7,888
Amounts owed to group undertakings 52,661 52,661
56,123 60,549
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 44,667 44,667
11. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 3,350 5,360
A final dividend of 7.5p per share was approved and paid for 2023.
12. Taxation
No provision for taxation is necessary because of losses brought forward.
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