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 01359045 Mr Reehad Buglow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01359045 2023-03-31 01359045 2024-03-31 01359045 2023-04-01 2024-03-31 01359045 frs-core:CurrentFinancialInstruments 2024-03-31 01359045 frs-core:Non-currentFinancialInstruments 2024-03-31 01359045 frs-core:ComputerEquipment 2024-03-31 01359045 frs-core:ComputerEquipment 2023-04-01 2024-03-31 01359045 frs-core:ComputerEquipment 2023-03-31 01359045 frs-core:FurnitureFittings 2024-03-31 01359045 frs-core:FurnitureFittings 2023-04-01 2024-03-31 01359045 frs-core:FurnitureFittings 2023-03-31 01359045 frs-core:MotorVehicles 2024-03-31 01359045 frs-core:MotorVehicles 2023-04-01 2024-03-31 01359045 frs-core:MotorVehicles 2023-03-31 01359045 frs-core:PlantMachinery 2024-03-31 01359045 frs-core:PlantMachinery 2023-04-01 2024-03-31 01359045 frs-core:PlantMachinery 2023-03-31 01359045 frs-core:ShareCapital 2024-03-31 01359045 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01359045 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01359045 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01359045 frs-bus:SmallEntities 2023-04-01 2024-03-31 01359045 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01359045 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01359045 frs-bus:Director1 2023-04-01 2024-03-31 01359045 frs-countries:EnglandWales 2023-04-01 2024-03-31 01359045 2022-03-31 01359045 2023-03-31 01359045 2022-04-01 2023-03-31 01359045 frs-core:CurrentFinancialInstruments 2023-03-31 01359045 frs-core:Non-currentFinancialInstruments 2023-03-31 01359045 frs-core:ShareCapital 2023-03-31 01359045 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 01359045
J J Searle (Builders) Limited
Unaudited 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: 01359045
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,664 1,749
1,664 1,749
CURRENT ASSETS
Stocks 5 289,936 118,200
Debtors 6 30,555 150,925
Cash at bank and in hand 35,403 52,540
355,894 321,665
Creditors: Amounts Falling Due Within One Year 7 (218,402 ) (199,769 )
NET CURRENT ASSETS (LIABILITIES) 137,492 121,896
TOTAL ASSETS LESS CURRENT LIABILITIES 139,156 123,645
Creditors: Amounts Falling Due After More Than One Year 8 (13,222 ) (22,389 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (275 ) (275 )
NET ASSETS 125,659 100,981
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 125,559 100,881
SHAREHOLDERS' FUNDS 125,659 100,981
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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 Reehad Buglow
Director
10/10/2024
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
J J Searle (Builders) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01359045 . The registered office is The Old Barn Off Wood Street, Swanley Village, Swanley, Kent, BR8 7PA.
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.
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:
Plant & Machinery 25% WDV
Motor Vehicles 25% WDV
Fixtures & Fittings 25% WDV
Computer Equipment 25% WDV
2.4. 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.
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 2,172 10,495 444 915 14,026
Additions - - - 340 340
As at 31 March 2024 2,172 10,495 444 1,255 14,366
Depreciation
As at 1 April 2023 1,001 10,345 440 491 12,277
Provided during the period 196 37 1 191 425
As at 31 March 2024 1,197 10,382 441 682 12,702
Net Book Value
As at 31 March 2024 975 113 3 573 1,664
As at 1 April 2023 1,171 150 4 424 1,749
5. Stocks
2024 2023
£ £
Work in progress 289,936 118,200
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 150,925
Director's loan account 30,555 -
30,555 150,925
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 53,200 52,999
Bank loans and overdrafts 10,000 10,000
Corporation tax 20,831 20,922
Other taxes and social security 6,209 2,434
VAT 3,243 30,414
Director's loan account - 831
Amounts owed to related parties 124,919 82,169
218,402 199,769
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,222 22,389
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included in the Other Debtors is an amount owed from the company director Mr R Buglow totalling £30,555 (2023 - £831 Creditor), no interest is to be charged.
Included in the Other Creditors is an amount owed to Buglow Electrical Contractors Ltd totalling £111,805 (2023 - £69,055), for which Mr R Buglow is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to Lyncourt Management Ltd totalling £13,114 (2023 - £13,114), for which Mr R Buglow is a director. No interest is to be charged and no repayment terms have been agreed.
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