Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08424608 Mr Jeffrey Carrier Mrs Petra Carrier Mr Ashely Carrier Miss Olivia Carrier iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08424608 2023-06-30 08424608 2024-06-30 08424608 2023-07-01 2024-06-30 08424608 frs-core:CurrentFinancialInstruments 2024-06-30 08424608 frs-core:ComputerEquipment 2023-07-01 2024-06-30 08424608 frs-core:NetGoodwill 2024-06-30 08424608 frs-core:NetGoodwill 2023-07-01 2024-06-30 08424608 frs-core:NetGoodwill 2023-06-30 08424608 frs-core:MotorVehicles 2024-06-30 08424608 frs-core:MotorVehicles 2023-07-01 2024-06-30 08424608 frs-core:MotorVehicles 2023-06-30 08424608 frs-core:PlantMachinery 2024-06-30 08424608 frs-core:PlantMachinery 2023-07-01 2024-06-30 08424608 frs-core:PlantMachinery 2023-06-30 08424608 frs-core:ShareCapital 2024-06-30 08424608 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08424608 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08424608 frs-bus:AbridgedAccounts 2023-07-01 2024-06-30 08424608 frs-bus:SmallEntities 2023-07-01 2024-06-30 08424608 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08424608 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08424608 frs-bus:Director1 2023-07-01 2024-06-30 08424608 frs-bus:Director2 2023-07-01 2024-06-30 08424608 frs-bus:Director3 2023-07-01 2024-06-30 08424608 frs-bus:Director4 2023-07-01 2024-06-30 08424608 frs-core:CurrentFinancialInstruments 1 2024-06-30 08424608 frs-countries:EnglandWales 2023-07-01 2024-06-30 08424608 2022-06-30 08424608 2023-06-30 08424608 2022-07-01 2023-06-30 08424608 frs-core:CurrentFinancialInstruments 2023-06-30 08424608 frs-core:ShareCapital 2023-06-30 08424608 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 08424608 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 08424608
J. C. Gas (Parkstone) Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
PC Accountancy
ACCA
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08424608
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 22,189 33,281
Tangible Assets 5 50,136 20,497
72,325 53,778
CURRENT ASSETS
Stocks 6 8,322 10,683
Debtors 7 18,532 18,034
Cash at bank and in hand 55,256 28,305
82,110 57,022
Creditors: Amounts Falling Due Within One Year 8 (133,085 ) (98,024 )
NET CURRENT ASSETS (LIABILITIES) (50,975 ) (41,002 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,350 12,776
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,526 ) (3,894 )
NET ASSETS 11,824 8,882
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 11,724 8,782
SHAREHOLDERS' FUNDS 11,824 8,882
Page 1
Page 2
For the year ending 30 June 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Petra Carrier
Director
4th October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
J. C. Gas (Parkstone) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08424608 . The registered office is J C Gas, 42 Churchill Road, Parkstone, Poole, Dorset, BH12 2LT.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% 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. 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 year 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 8)
7 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 130,500
As at 30 June 2024 130,500
Amortisation
As at 1 July 2023 97,219
Provided during the period 11,092
As at 30 June 2024 108,311
Net Book Value
As at 30 June 2024 22,189
As at 1 July 2023 33,281
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 July 2023 9,487 41,375 50,862
Additions - 46,350 46,350
As at 30 June 2024 9,487 87,725 97,212
Depreciation
As at 1 July 2023 8,206 22,159 30,365
Provided during the period 320 16,391 16,711
As at 30 June 2024 8,526 38,550 47,076
Net Book Value
As at 30 June 2024 961 49,175 50,136
As at 1 July 2023 1,281 19,216 20,497
6. Stocks
2024 2023
£ £
Stock 8,322 10,683
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,592 9,666
Prepayments and accrued income 7,940 8,368
18,532 18,034
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 48,386 35,944
Bank loans and overdrafts 13,000 -
Corporation tax 2,216 1,271
Other taxes and social security 3,611 6,085
VAT 13,745 14,179
Other creditors (1) 13,702 2,576
Accruals and deferred income 11,257 10,855
Directors' loan accounts 27,168 27,114
133,085 98,024
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5