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 12512803 Martin Faulkner Louise Faulkner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12512803 2023-03-31 12512803 2024-03-31 12512803 2023-04-01 2024-03-31 12512803 frs-core:CurrentFinancialInstruments 2024-03-31 12512803 frs-core:ComputerEquipment 2024-03-31 12512803 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12512803 frs-core:ComputerEquipment 2023-03-31 12512803 frs-core:PlantMachinery 2024-03-31 12512803 frs-core:PlantMachinery 2023-04-01 2024-03-31 12512803 frs-core:PlantMachinery 2023-03-31 12512803 frs-core:ShareCapital 2024-03-31 12512803 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12512803 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12512803 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12512803 frs-bus:SmallEntities 2023-04-01 2024-03-31 12512803 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12512803 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12512803 frs-bus:Director1 2023-04-01 2024-03-31 12512803 frs-bus:Director1 2023-03-31 12512803 frs-bus:Director1 2024-03-31 12512803 frs-bus:Director2 2023-04-01 2024-03-31 12512803 frs-countries:EnglandWales 2023-04-01 2024-03-31 12512803 2022-03-31 12512803 2023-03-31 12512803 2022-04-01 2023-03-31 12512803 frs-core:CurrentFinancialInstruments 2023-03-31 12512803 frs-core:ShareCapital 2023-03-31 12512803 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12512803
A L J Group Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12512803
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,318 9,032
8,318 9,032
CURRENT ASSETS
Stocks 5 410 10,104
Debtors 6 17,123 29,008
Cash at bank and in hand 6,820 2,692
24,353 41,804
Creditors: Amounts Falling Due Within One Year 7 (32,416 ) (54,633 )
NET CURRENT ASSETS (LIABILITIES) (8,063 ) (12,829 )
TOTAL ASSETS LESS CURRENT LIABILITIES 255 (3,797 )
NET ASSETS/(LIABILITIES) 255 (3,797 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 155 (3,897 )
SHAREHOLDERS' FUNDS 255 (3,797)
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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 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
Martin Faulkner
Director
01/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
A L J Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12512803 . The registered office is Parker Centre Unit 28, Parker Centre, Derby, DE21 4SZ.
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 20% reducing balance
Computer Equipment 33% reducing balance
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 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.
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: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 14,353 4,166 18,519
Additions 679 773 1,452
As at 31 March 2024 15,032 4,939 19,971
Depreciation
As at 1 April 2023 6,629 2,858 9,487
Provided during the period 1,594 572 2,166
As at 31 March 2024 8,223 3,430 11,653
Net Book Value
As at 31 March 2024 6,809 1,509 8,318
As at 1 April 2023 7,724 1,308 9,032
5. Stocks
2024 2023
£ £
Materials 410 10,104
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,838 17,728
Other debtors 10,285 11,280
17,123 29,008
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,239 20,971
Other creditors 25,177 33,662
32,416 54,633
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Martin Faulkner 30,225 (18,145 ) 4,558 - 16,637
The above loan is unsecured, interest free and repayable on demand.
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