Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09409833 Mrs Catherine Scott Mrs Joanne Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09409833 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-02-29 09409833 2023-02-28 09409833 2024-02-29 09409833 2023-03-01 2024-02-29 09409833 frs-core:CurrentFinancialInstruments 2024-02-29 09409833 frs-core:Non-currentFinancialInstruments 2024-02-29 09409833 frs-core:ComputerEquipment 2024-02-29 09409833 frs-core:ComputerEquipment 2023-03-01 2024-02-29 09409833 frs-core:ComputerEquipment 2023-02-28 09409833 frs-core:FurnitureFittings 2024-02-29 09409833 frs-core:FurnitureFittings 2023-03-01 2024-02-29 09409833 frs-core:FurnitureFittings 2023-02-28 09409833 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 09409833 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 09409833 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 09409833 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 09409833 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09409833 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 09409833 frs-core:MotorVehicles 2024-02-29 09409833 frs-core:MotorVehicles 2023-03-01 2024-02-29 09409833 frs-core:MotorVehicles 2023-02-28 09409833 frs-core:PlantMachinery 2024-02-29 09409833 frs-core:PlantMachinery 2023-03-01 2024-02-29 09409833 frs-core:PlantMachinery 2023-02-28 09409833 frs-core:ShareCapital 2024-02-29 09409833 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09409833 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09409833 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09409833 frs-bus:SmallEntities 2023-03-01 2024-02-29 09409833 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09409833 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09409833 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-29 09409833 frs-bus:Director1 2023-03-01 2024-02-29 09409833 frs-bus:Director2 2023-03-01 2024-02-29 09409833 frs-core:CurrentFinancialInstruments 1 2024-02-29 09409833 frs-countries:EnglandWales 2023-03-01 2024-02-29 09409833 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-02-28 09409833 2022-02-28 09409833 2023-02-28 09409833 2022-03-01 2023-02-28 09409833 frs-core:CurrentFinancialInstruments 2023-02-28 09409833 frs-core:Non-currentFinancialInstruments 2023-02-28 09409833 frs-core:ShareCapital 2023-02-28 09409833 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 09409833 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28 09409833 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 09409833
Johnson And Scott Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Mumby Heppenstall
Chartered Accountants
Wellingore Hall
Wellingore
Lincoln
LN5 0HX
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 09409833
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 508,690 501,187
508,690 501,187
CURRENT ASSETS
Stocks 5 59,888 65,759
Debtors 6 33,085 55,036
Cash at bank and in hand 199,383 60,777
292,356 181,572
Creditors: Amounts Falling Due Within One Year 7 (203,030 ) (176,944 )
NET CURRENT ASSETS (LIABILITIES) 89,326 4,628
TOTAL ASSETS LESS CURRENT LIABILITIES 598,016 505,815
Creditors: Amounts Falling Due After More Than One Year 8 (195,575 ) (205,843 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,283 ) (10,773 )
NET ASSETS 384,158 289,199
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair Value Reserve 11 22,500 -
Income Statement 361,558 289,099
SHAREHOLDERS' FUNDS 384,158 289,199
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For the year ending 29 February 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 Income Statement.
On behalf of the board
Mrs Catherine Scott
Director
Mrs Joanne Johnson
Director
25th September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Johnson And Scott Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09409833 . The registered office is Needhams Farm 186 Main Street, Witchford, Ely, Cambridgeshire, CB6 2HT.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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. 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:
Freehold 2% straight line
Leasehold 10% straight line
Plant & Machinery 20% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
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. 
2.6. Financial Instruments
The company only has financial assets and financial liaiblities of a kind that qualify as basic financial instruments.  Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of future payments discounted at a market rate of interest for a similar debt instrument.  Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
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2.7. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company makes contributions to a workplace pension under auto-enrolment and to the directors' personal pension scheme.  The contributions payable for the year are charged to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 20)
23 20
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost or Valuation
As at 1 March 2023 456,976 19,083 76,520 29,515
Additions - - 7,302 -
Revaluation 30,000 - - -
As at 29 February 2024 486,976 19,083 83,822 29,515
Depreciation
As at 1 March 2023 24,556 15,266 68,440 7,379
Provided during the period 4,740 1,908 4,766 5,534
As at 29 February 2024 29,296 17,174 73,206 12,913
Net Book Value
As at 29 February 2024 457,680 1,909 10,616 16,602
As at 1 March 2023 432,420 3,817 8,080 22,136
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Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 March 2023 48,091 30,878 661,063
Additions - - 7,302
Revaluation - - 30,000
As at 29 February 2024 48,091 30,878 698,365
Depreciation
As at 1 March 2023 20,410 23,825 159,876
Provided during the period 8,765 4,086 29,799
As at 29 February 2024 29,175 27,911 189,675
Net Book Value
As at 29 February 2024 18,916 2,967 508,690
As at 1 March 2023 27,681 7,053 501,187
5. Stocks
2024 2023
£ £
Stock 59,888 65,759
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,433 5,700
Prepayments and accrued income 9,913 6,893
Other debtors 17,572 42,272
Other taxes and social security 167 171
33,085 55,036
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,731 32,643
Bank loans and overdrafts 10,667 10,634
Corporation tax 78,285 54,688
VAT 45,270 42,033
Nest 2,302 2,168
Accruals and deferred income 10,649 16,565
Directors' loan accounts 18,126 18,213
203,030 176,944
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 195,575 205,843
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 144,009 155,446
9. Secured Creditors
Of the creditors the following amounts are secured on freehold property at Wisbech road, Littleport, Ely, CB6 1JJ and by an unlimited debenture dated 13 August 2020 from Johnson and Scott Ltd.
2024 2023
£ £
Bank loans and overdrafts 206,242 216,477
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Fair Value Reserve
£
Movements in fair value reserve 22,500
As at 29 February 2024 22,500
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