Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13256094 Mr J Cundy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13256094 2023-03-31 13256094 2024-03-31 13256094 2023-04-01 2024-03-31 13256094 frs-core:CurrentFinancialInstruments 2024-03-31 13256094 frs-core:Non-currentFinancialInstruments 2024-03-31 13256094 frs-core:ComputerEquipment 2024-03-31 13256094 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13256094 frs-core:ComputerEquipment 2023-03-31 13256094 frs-core:FurnitureFittings 2024-03-31 13256094 frs-core:FurnitureFittings 2023-04-01 2024-03-31 13256094 frs-core:FurnitureFittings 2023-03-31 13256094 frs-core:PlantMachinery 2024-03-31 13256094 frs-core:PlantMachinery 2023-04-01 2024-03-31 13256094 frs-core:PlantMachinery 2023-03-31 13256094 frs-core:ShareCapital 2024-03-31 13256094 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13256094 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13256094 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13256094 frs-bus:SmallEntities 2023-04-01 2024-03-31 13256094 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13256094 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13256094 frs-bus:Director1 2023-04-01 2024-03-31 13256094 frs-countries:EnglandWales 2023-04-01 2024-03-31 13256094 2022-03-31 13256094 2023-03-31 13256094 2022-04-01 2023-03-31 13256094 frs-core:CurrentFinancialInstruments 2023-03-31 13256094 frs-core:Non-currentFinancialInstruments 2023-03-31 13256094 frs-core:BetweenOneFiveYears 2023-03-31 13256094 frs-core:WithinOneYear 2023-03-31 13256094 frs-core:ShareCapital 2023-03-31 13256094 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13256094
Jamie Cundy Golf Limited
Financial Statements
For The Year Ended 31 March 2024
Oakensen (Bristol)
Chartered Accountants
Westbury Court Church Road
Westbury On Trym
Bristol
BS9 3EF
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13256094
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 15,642 18,402
15,642 18,402
CURRENT ASSETS
Stocks 4 84,632 51,000
Debtors 5 4,554 13,404
Cash at bank and in hand 20,134 36,217
109,320 100,621
Creditors: Amounts Falling Due Within One Year 6 (51,791 ) (72,907 )
NET CURRENT ASSETS (LIABILITIES) 57,529 27,714
TOTAL ASSETS LESS CURRENT LIABILITIES 73,171 46,116
Creditors: Amounts Falling Due After More Than One Year 7 - (200 )
NET ASSETS 73,171 45,916
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 73,170 45,915
SHAREHOLDERS' FUNDS 73,171 45,916
Page 1
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 J Cundy
Director
31 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable 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.
1.3. 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 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% reducing balance
1.4. Stocks and Work in Progress
Stock is 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.
1.5. Taxation
Income tax expense represents the sum of the tax currently payable 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.
Current 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 tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 (2023: 3)
4 3
Page 3
Page 4
3. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 5,400 19,783 1,081 26,264
As at 31 March 2024 5,400 19,783 1,081 26,264
Depreciation
As at 1 April 2023 1,620 5,934 308 7,862
Provided during the period 567 2,077 116 2,760
As at 31 March 2024 2,187 8,011 424 10,622
Net Book Value
As at 31 March 2024 3,213 11,772 657 15,642
As at 1 April 2023 3,780 13,849 773 18,402
4. Stocks
2024 2023
£ £
Stock 84,632 51,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,271 9,877
Prepayments and accrued income 283 -
Other debtors - 3,527
4,554 13,404
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 3,261
Trade creditors 21,481 1,426
Other taxes and social security 11,358 18,277
Other creditors 17,143 49,193
Accruals and deferred income 1,809 750
51,791 72,907
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 200
- 200
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The maturity of these amounts is as follows:
Within one year - 3,261
Between one and five years - 200
- 3,461
- 3,461
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. General Information
Jamie Cundy Golf Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13256094 . The registered office is Henbury Golf Shop, Henbury Lane, Bristol, Bristol, BS10 7QB.
Page 5