Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 09015276 Mr Jeffrey Hollyman Mr Andrew Jenkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09015276 2023-04-30 09015276 2024-04-30 09015276 2023-05-01 2024-04-30 09015276 frs-core:CurrentFinancialInstruments 2024-04-30 09015276 frs-core:Non-currentFinancialInstruments 2024-04-30 09015276 frs-core:BetweenOneFiveYears 2024-04-30 09015276 frs-core:MotorVehicles 2024-04-30 09015276 frs-core:MotorVehicles 2023-05-01 2024-04-30 09015276 frs-core:MotorVehicles 2023-04-30 09015276 frs-core:PlantMachinery 2024-04-30 09015276 frs-core:PlantMachinery 2023-05-01 2024-04-30 09015276 frs-core:PlantMachinery 2023-04-30 09015276 frs-core:WithinOneYear 2024-04-30 09015276 frs-core:ShareCapital 2024-04-30 09015276 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09015276 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09015276 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09015276 frs-bus:SmallEntities 2023-05-01 2024-04-30 09015276 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09015276 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09015276 frs-bus:Director1 2023-05-01 2024-04-30 09015276 frs-bus:Director1 2023-04-30 09015276 frs-bus:Director1 2024-04-30 09015276 frs-bus:Director2 2023-05-01 2024-04-30 09015276 frs-bus:Director2 2023-04-30 09015276 frs-bus:Director2 2024-04-30 09015276 frs-countries:EnglandWales 2023-05-01 2024-04-30 09015276 2022-04-30 09015276 2023-04-30 09015276 2022-05-01 2023-04-30 09015276 frs-core:CurrentFinancialInstruments 2023-04-30 09015276 frs-core:Non-currentFinancialInstruments 2023-04-30 09015276 frs-core:BetweenOneFiveYears 2023-04-30 09015276 frs-core:MotorVehicles 2022-05-01 2023-04-30 09015276 frs-core:WithinOneYear 2023-04-30 09015276 frs-core:ShareCapital 2023-04-30 09015276 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 09015276
HJEC LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2024
CACD LLP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 09015276
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,022 37,140
39,022 37,140
CURRENT ASSETS
Stocks 5 825 675
Debtors 6 150,476 169,929
Cash at bank and in hand 109,140 150,033
260,441 320,637
Creditors: Amounts Falling Due Within One Year 7 (155,605 ) (205,211 )
NET CURRENT ASSETS (LIABILITIES) 104,836 115,426
TOTAL ASSETS LESS CURRENT LIABILITIES 143,858 152,566
Creditors: Amounts Falling Due After More Than One Year 8 (27,183 ) (44,439 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,709 ) -
NET ASSETS 106,966 108,127
CAPITAL AND RESERVES
Called up share capital 11 100 100
Income Statement 106,866 108,027
SHAREHOLDERS' FUNDS 106,966 108,127
Page 1
Page 2
For the year ending 30 April 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
Mr Jeffrey Hollyman
Director
Mr Andrew Jenkins
Director
23/08/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
HJEC LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09015276 . The registered office is Unit 21, Crosby Yard, Bridgend, CF31 1JZ.
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.
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:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
2.4. 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 income statement 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 income statement as incurred.
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 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.
...CONTINUED
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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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 10)
11 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 19,230 55,638 74,868
Additions - 13,795 13,795
Disposals - (18,838 ) (18,838 )
As at 30 April 2024 19,230 50,595 69,825
Depreciation
As at 1 May 2023 13,873 23,855 37,728
Provided during the period 1,262 7,447 8,709
Disposals - (15,634 ) (15,634 )
As at 30 April 2024 15,135 15,668 30,803
Net Book Value
As at 30 April 2024 4,095 34,927 39,022
As at 1 May 2023 5,357 31,783 37,140
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 24,150 27,600
5. Stocks
2024 2023
£ £
Materials 825 675
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Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 120,857 149,963
Other debtors 10,116 127
Directors' loan accounts 19,503 19,839
150,476 169,929
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,405 6,186
Trade creditors 60,465 98,204
Bank loans and overdrafts 10,273 9,850
Other taxes and social security 76,812 67,245
Other creditors - 2,174
Accruals 2,650 21,552
155,605 205,211
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,702 22,888
Bank loans 10,481 21,551
27,183 44,439
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,107 27,641
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,405 6,186
Later than one year and not later than five years 16,702 22,888
22,107 29,074
22,107 29,074
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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12. Directors Advances, Credits and Guarantees
Dividends totalling £166,000 (2023 - £210,000) were paid in the year in respect of shares held by the company's directors and their wives.
As at 30 April 2024 amounts owed by the directors to thge company were £19,502 (2023 - £19,839) and these were included within other debtors falling due within one year. The amounts are interest free, unsecured and repayable on demand.
The directors' loans were repaid in full after the year end.
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Jeffrey Hollyman 9,996 20,551 20,796 - 9,751
Mr Andrew Jenkins 9,843 20,704 20,796 - 9,751
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