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 11128037 Mr John Keighley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11128037 2022-12-31 11128037 2023-12-31 11128037 2023-01-01 2023-12-31 11128037 frs-core:CurrentFinancialInstruments 2023-12-31 11128037 frs-core:Non-currentFinancialInstruments 2023-12-31 11128037 frs-core:ComputerEquipment 2023-12-31 11128037 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11128037 frs-core:ComputerEquipment 2022-12-31 11128037 frs-core:MotorVehicles 2023-12-31 11128037 frs-core:MotorVehicles 2023-01-01 2023-12-31 11128037 frs-core:MotorVehicles 2022-12-31 11128037 frs-core:PlantMachinery 2023-12-31 11128037 frs-core:PlantMachinery 2023-01-01 2023-12-31 11128037 frs-core:PlantMachinery 2022-12-31 11128037 frs-core:WithinOneYear 2023-12-31 11128037 frs-core:ShareCapital 2023-12-31 11128037 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11128037 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11128037 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11128037 frs-bus:SmallEntities 2023-01-01 2023-12-31 11128037 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11128037 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11128037 frs-bus:Director1 2023-01-01 2023-12-31 11128037 frs-countries:EnglandWales 2023-01-01 2023-12-31 11128037 2021-12-31 11128037 2022-12-31 11128037 2022-01-01 2022-12-31 11128037 frs-core:CurrentFinancialInstruments 2022-12-31 11128037 frs-core:Non-currentFinancialInstruments 2022-12-31 11128037 frs-core:BetweenOneFiveYears 2022-12-31 11128037 frs-core:WithinOneYear 2022-12-31 11128037 frs-core:ShareCapital 2022-12-31 11128037 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11128037
J. A. Keighley Construction Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Ashleaf Accountancy Ltd
Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11128037
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,311 18,030
14,311 18,030
CURRENT ASSETS
Stocks 5 2,000 2,500
Debtors 6 3,377 8,212
Cash at bank and in hand 18 1,568
5,395 12,280
Creditors: Amounts Falling Due Within One Year 7 (51,203 ) (41,870 )
NET CURRENT ASSETS (LIABILITIES) (45,808 ) (29,590 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,497 ) (11,560 )
Creditors: Amounts Falling Due After More Than One Year 8 (7,600 ) (16,444 )
NET LIABILITIES (39,097 ) (28,004 )
CAPITAL AND RESERVES
Called up share capital 11 10 10
Profit and Loss Account (39,107 ) (28,014 )
SHAREHOLDERS' FUNDS (39,097) (28,004)
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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 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 John Keighley
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. A. Keighley Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11128037 . The registered office is 337 Garstang Road, Fulwood, Preston, PR2 9UP.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The net deficit at the balance sheet date is entirely funded by the Director's Loan Account. 
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:
Plant & Machinery 20% on Reducing Balance
Motor Vehicles 25% on Reducing Balance
Computer Equipment Straight line over 3 years
2.5. 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.
2.6. 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.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was  1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 34,811 9,500 1,329 45,640
As at 31 December 2023 34,811 9,500 1,329 45,640
Depreciation
As at 1 January 2023 19,035 7,246 1,329 27,610
Provided during the period 3,155 564 - 3,719
As at 31 December 2023 22,190 7,810 1,329 31,329
Net Book Value
As at 31 December 2023 12,621 1,690 - 14,311
As at 1 January 2023 15,776 2,254 - 18,030
5. Stocks
2023 2022
£ £
Materials 2,000 2,500
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 720 2,986
Prepayments and accrued income 314 354
VAT 347 -
Other taxes and social security 1,996 4,872
3,377 8,212
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,230 4,713
Trade creditors 570 (479 )
Bank loans and overdrafts 4,800 4,800
VAT - 1,029
Other creditors (63 ) 573
Accruals and deferred income 160 173
Director's loan account 41,506 31,061
51,203 41,870
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 4,044
Bank loans 7,600 12,400
7,600 16,444
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,230 4,713
Later than one year and not later than five years - 4,044
4,230 8,757
4,230 8,757
10. Deferred Taxation
A provision for deferred taxation is made up of accelerated capital allowances offset against unrelieved tax losses. The deferred taxation balance is nil at the balance sheet date.
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
12. Related Party Transactions
Included within Creditors at the balance sheet date is a loan from the director to the company of £41,506 (2022: £31,061). The loan is unsecured, interest free and repayable on demand.
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