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 03846367 Mr Jason Harvey Mrs Marion Harvey Mrs Marion Harvey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03846367 2023-03-31 03846367 2024-03-31 03846367 2023-04-01 2024-03-31 03846367 frs-core:CurrentFinancialInstruments 2024-03-31 03846367 frs-core:Non-currentFinancialInstruments 2024-03-31 03846367 frs-core:BetweenOneFiveYears 2024-03-31 03846367 frs-core:ComputerEquipment 2024-03-31 03846367 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03846367 frs-core:ComputerEquipment 2023-03-31 03846367 frs-core:FurnitureFittings 2024-03-31 03846367 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03846367 frs-core:FurnitureFittings 2023-03-31 03846367 frs-core:MotorVehicles 2024-03-31 03846367 frs-core:MotorVehicles 2023-04-01 2024-03-31 03846367 frs-core:MotorVehicles 2023-03-31 03846367 frs-core:PlantMachinery 2024-03-31 03846367 frs-core:PlantMachinery 2023-04-01 2024-03-31 03846367 frs-core:PlantMachinery 2023-03-31 03846367 frs-core:WithinOneYear 2024-03-31 03846367 frs-core:ShareCapital 2024-03-31 03846367 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03846367 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03846367 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03846367 frs-bus:SmallEntities 2023-04-01 2024-03-31 03846367 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03846367 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03846367 frs-core:UnlistedNon-exchangeTraded 2024-03-31 03846367 frs-core:UnlistedNon-exchangeTraded 2023-03-31 03846367 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 03846367 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 03846367 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 03846367 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 03846367 frs-bus:Director1 2023-04-01 2024-03-31 03846367 frs-bus:Director2 2023-04-01 2024-03-31 03846367 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03846367 1 2023-04-01 2024-03-31 03846367 frs-core:CurrentFinancialInstruments 1 2024-03-31 03846367 frs-core:CurrentFinancialInstruments 2 2024-03-31 03846367 frs-core:CurrentFinancialInstruments 3 2024-03-31 03846367 frs-countries:EnglandWales 2023-04-01 2024-03-31 03846367 2022-03-31 03846367 2023-03-31 03846367 2022-04-01 2023-03-31 03846367 frs-core:CurrentFinancialInstruments 2023-03-31 03846367 frs-core:Non-currentFinancialInstruments 2023-03-31 03846367 frs-core:BetweenOneFiveYears 2023-03-31 03846367 frs-core:WithinOneYear 2023-03-31 03846367 frs-core:ShareCapital 2023-03-31 03846367 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 03846367 1 2022-04-01 2023-03-31 03846367 frs-core:CurrentFinancialInstruments 1 2023-03-31 03846367 frs-core:CurrentFinancialInstruments 2 2023-03-31 03846367 frs-core:CurrentFinancialInstruments 3 2023-03-31
Registered number: 03846367
J H Elevators Limited
Financial Statements
For The Year Ended 31 March 2024
Adams & Moore Ltd
Adams & Moore House
Instone Road
Dartford
DA1 2AG
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03846367
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 119,680 73,374
Investments 4 82,000 82,000
201,680 155,374
CURRENT ASSETS
Stocks 5 4,550 4,550
Debtors 6 422,612 461,852
Cash at bank and in hand 534,966 373,548
962,128 839,950
Creditors: Amounts Falling Due Within One Year 7 (376,033 ) (322,824 )
NET CURRENT ASSETS (LIABILITIES) 586,095 517,126
TOTAL ASSETS LESS CURRENT LIABILITIES 787,775 672,500
Creditors: Amounts Falling Due After More Than One Year 8 (73,349 ) (38,333 )
NET ASSETS 714,426 634,167
CAPITAL AND RESERVES
Called up share capital 10 1,003 1,003
Profit and Loss Account 713,423 633,164
SHAREHOLDERS' FUNDS 714,426 634,167
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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 Profit and Loss Account.
On behalf of the board
Mr Jason Harvey
Director
24/07/2024
The notes on pages 3 to 6 form part of these financial statements.
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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, 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.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
1.4. 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 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.
1.5. 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.
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1.6. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Employees 3 3
3 3
3. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 286,019 250,663 47,235 13,601 597,518
Additions - 65,095 - - 65,095
As at 31 March 2024 286,019 315,758 47,235 13,601 662,613
Depreciation
As at 1 April 2023 258,921 214,353 44,032 6,838 524,144
Provided during the period 6,774 9,523 801 1,691 18,789
As at 31 March 2024 265,695 223,876 44,833 8,529 542,933
Net Book Value
As at 31 March 2024 20,324 91,882 2,402 5,072 119,680
As at 1 April 2023 27,098 36,310 3,203 6,763 73,374
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4. Investments
Unlisted
£
Cost
As at 1 April 2023 82,000
As at 31 March 2024 82,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 82,000
As at 1 April 2023 82,000
5. Stocks
2024 2023
£ £
Finished goods 4,550 4,550
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 221,370 59,705
Prepayments and accrued income 85,786 81,615
Other debtors 86,000 173,000
VAT 29,456 31,428
422,612 345,748
Due after more than one year
Amounts owed by other participating interests - 116,104
- 116,104
422,612 461,852
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,223 1,400
Trade creditors 18,099 16,161
Bank loans and overdrafts 10,000 -
Corporation tax 125,905 89,009
Other taxes and social security 1,049 14,534
Other creditors 142,500 142,500
Company Credit card 687 4,993
CIS Withheld 7,583 24,325
Other creditors - Pension 197 -
...CONTINUED
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Accruals and deferred income 21,900 29,590
Directors' loan accounts - 312
Amounts owed to group undertakings 44,890 -
376,033 322,824
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 55,016 -
Bank loans 18,333 38,333
73,349 38,333
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The maturity of these amounts is as follows:
Within one year 3,223 1,400
Between one and five years 55,016 -
58,239 1,400
58,239 1,400
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,003 1,003
11. Contingent Liabilities
The company is a corporate member of Jordanshöshe Developments LLP and is liable to contribute to the assets of the LLP in the event of a winding-up before 1 April 2024. The maximum liability in relation to this undertaking is £250,500. The company does not believe that a winding-up of the LLP is probable and has not made provision for the liability at 31 March 2024.
The company is a corporate member of S.I. R&D LLP and is liable to contribute to the assets of the LLP in the event of a winding-up before 1 April 2024. The maximum liability in relation to this undertaking is £59,624. The company does not believe that a winding-up of the LLP is probable and has not made provision for the liability at 31 March 2024.
The company is a corporate member of Cerenet LLP and is liable to contribute to the assets of the LLP in the event of a winding-up before 1 April 2024. The maximum liability in relation to this undertaking is £182,596. The company does not believe that a winding-up of the LLP is probable and has not made provision for the liability at 31 March 2024.
12. General Information
J H Elevators Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03846367 . The registered office is Adams & Moore House, Instone Road, Dartford, DA1 2AG.
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