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 04496086 Mr K Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04496086 2023-03-31 04496086 2024-03-31 04496086 2023-04-01 2024-03-31 04496086 frs-core:CurrentFinancialInstruments 2024-03-31 04496086 frs-core:ComputerEquipment 2024-03-31 04496086 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04496086 frs-core:ComputerEquipment 2023-03-31 04496086 frs-core:FurnitureFittings 2024-03-31 04496086 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04496086 frs-core:FurnitureFittings 2023-03-31 04496086 frs-core:NetGoodwill 2024-03-31 04496086 frs-core:NetGoodwill 2023-04-01 2024-03-31 04496086 frs-core:NetGoodwill 2023-03-31 04496086 frs-core:MotorVehicles 2024-03-31 04496086 frs-core:MotorVehicles 2023-04-01 2024-03-31 04496086 frs-core:MotorVehicles 2023-03-31 04496086 frs-core:PlantMachinery 2024-03-31 04496086 frs-core:PlantMachinery 2023-04-01 2024-03-31 04496086 frs-core:PlantMachinery 2023-03-31 04496086 frs-core:ShareCapital 2024-03-31 04496086 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04496086 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04496086 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04496086 frs-bus:SmallEntities 2023-04-01 2024-03-31 04496086 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04496086 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04496086 frs-bus:Director1 2023-04-01 2024-03-31 04496086 frs-countries:EnglandWales 2023-04-01 2024-03-31 04496086 2022-03-31 04496086 2023-03-31 04496086 2022-04-01 2023-03-31 04496086 frs-core:CurrentFinancialInstruments 2023-03-31 04496086 frs-core:ShareCapital 2023-03-31 04496086 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04496086
Johnsons the Florists Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04496086
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 21,575 25,279
21,575 25,279
CURRENT ASSETS
Stocks 6 3,875 3,125
Debtors 7 5,669 3,191
Cash at bank and in hand 60,484 19,858
70,028 26,174
Creditors: Amounts Falling Due Within One Year 8 (45,697 ) (22,208 )
NET CURRENT ASSETS (LIABILITIES) 24,331 3,966
TOTAL ASSETS LESS CURRENT LIABILITIES 45,906 29,245
NET ASSETS 45,906 29,245
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 45,806 29,145
SHAREHOLDERS' FUNDS 45,906 29,245
Page 1
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 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 K Johnson
Director
21 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
Johnsons the Florists Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04496086 . The registered office is 93 High Street, Burton On Trent, Staffordshire, DE14 1LJ.
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 .... years.
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:
Plant & Machinery 20% on reducing balance
Motor Vehicles 33% on reducing balance
Fixtures & Fittings 10% on reducing balance
Computer Equipment 25% on reducing balance
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 40,350
As at 31 March 2024 40,350
Amortisation
As at 1 April 2023 40,350
As at 31 March 2024 40,350
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 1,229 31,993 9,754 668 43,644
As at 31 March 2024 1,229 31,993 9,754 668 43,644
Depreciation
As at 1 April 2023 1,090 12,610 4,210 455 18,365
Provided during the period 28 3,051 555 70 3,704
As at 31 March 2024 1,118 15,661 4,765 525 22,069
Net Book Value
As at 31 March 2024 111 16,332 4,989 143 21,575
As at 1 April 2023 139 19,383 5,544 213 25,279
6. Stocks
2024 2023
£ £
Stock 3,875 3,125
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,310 1,514
Other debtors 1,359 1,677
5,669 3,191
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,152 209
Corporation tax 11,448 2,580
Other taxes and social security 12,584 9,216
Other creditors 7,491 786
Accruals and deferred income 1,750 1,750
Director's loan account 7,272 7,667
45,697 22,208
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At the balance sheet date £7,272 (2023: £7,667) was due from the company to it's directors. The amount is unsecured, interest free and has no fixed repayment date
Page 5