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Registered number: 05678527
BJ Skip Hire (Wigan) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Wilburn Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05678527
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 379,491 305,685
379,491 305,685
CURRENT ASSETS
Debtors 6 152,590 146,815
Cash at bank and in hand 29,611 22,472
182,201 169,287
Creditors: Amounts Falling Due Within One Year 7 (232,640 ) (249,034 )
NET CURRENT ASSETS (LIABILITIES) (50,439 ) (79,747 )
TOTAL ASSETS LESS CURRENT LIABILITIES 329,052 225,938
Creditors: Amounts Falling Due After More Than One Year 8 (166,625 ) (96,081 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (56,555 ) (40,536 )
NET ASSETS 105,872 89,321
CAPITAL AND RESERVES
Called up share capital 12 45 45
Capital redemption reserve 55 55
Profit and Loss Account 105,772 89,221
SHAREHOLDERS' FUNDS 105,872 89,321
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For the year ending 31 January 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.
On behalf of the board
Mrs Lisa Jackson
Director
29/10/2024
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
BJ Skip Hire (Wigan) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05678527 . The registered office is Unit 1a Miry Lane Industrial Estate, Wigan, Lancashire, WN6 7TG.
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. Goodwill is fully amortised.
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:
Leasehold over the term of the lease
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on cost
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.
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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.
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 13)
14 13
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 53,500
As at 31 January 2024 53,500
Amortisation
As at 1 February 2023 53,500
As at 31 January 2024 53,500
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
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5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 February 2023 93,309 879,329 972,638
Additions 6,000 187,533 193,533
Disposals - (44,000 ) (44,000 )
As at 31 January 2024 99,309 1,022,862 1,122,171
Depreciation
As at 1 February 2023 8,750 658,203 666,953
Provided during the period 4,965 87,950 92,915
Disposals - (17,188 ) (17,188 )
As at 31 January 2024 13,715 728,965 742,680
Net Book Value
As at 31 January 2024 85,594 293,897 379,491
As at 1 February 2023 84,559 221,126 305,685
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 146,381 144,980
Prepayments and accrued income 2,452 1,835
Other debtors 3,757 -
152,590 146,815
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 60,726 35,565
Trade creditors 67,305 79,652
Bank loans and overdrafts 9,999 9,999
Corporation tax - 7,465
Other taxes and social security 63,960 64,831
Other creditors 23,081 30,462
Accruals and deferred income 2,646 3,354
Directors' loan accounts 4,923 17,706
232,640 249,034
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 152,580 72,144
Bank loans 14,045 23,937
166,625 96,081
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Other Creditors 213,306 107,709
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 60,726 35,565
Later than one year and not later than five years 152,580 72,144
213,306 107,709
213,306 107,709
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2023 40,536 40,536
Additions 16,019 16,019
Balance at 31 January 2024 56,555 56,555
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 45 45
13. Directors Advances, Credits and Guarantees
Bank overdrafts are secured by way of  a personal guarantee.
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