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Registered number: 03320558
G. & J. Saunders & Sons Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
AMEC Consultancy Limited
Chartered Accountants
9 Heath Way
Burton Latimer
Kettering
Northamptonshire
NN15 5YF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03320558
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,342 48,540
37,342 48,540
CURRENT ASSETS
Stocks 5 41,408 52,091
Debtors 6 46,370 32,084
Cash at bank and in hand 1,056,548 947,970
1,144,326 1,032,145
Creditors: Amounts Falling Due Within One Year 7 (108,431 ) (97,006 )
NET CURRENT ASSETS (LIABILITIES) 1,035,895 935,139
TOTAL ASSETS LESS CURRENT LIABILITIES 1,073,237 983,679
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,335 ) (9,223 )
NET ASSETS 1,063,902 974,456
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 1,062,902 973,456
SHAREHOLDERS' FUNDS 1,063,902 974,456
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For the year ending 28 February 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 Ena Saunders
Director
Mr Ian Saunders
Director
Mr Peter Saunders
Director
30th September 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
G. & J. Saunders & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03320558 . The registered office is Bullens Farm, Great Paxton St Neots, Huntingdon, Cambridgeshire, PE19 6RW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the requirements of the Companies Act 2006 as applicable to companiues subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Montary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments as fair value. The principal accounting polices adopted are set out below.
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. 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% to 33% reducing balance
Motor Vehicles 25% 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.
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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 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.
2.6. Pensions
The company operates a defined pension contribution scheme.s on behalf of certain directors. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme and in respect of the accounting year
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 85,816 63,125 148,941
As at 28 February 2024 85,816 63,125 148,941
Depreciation
As at 1 March 2023 67,073 33,328 100,401
Provided during the period 3,749 7,449 11,198
As at 28 February 2024 70,822 40,777 111,599
Net Book Value
As at 28 February 2024 14,994 22,348 37,342
As at 1 March 2023 18,743 29,797 48,540
5. Stocks
2024 2023
£ £
Stock 41,408 52,091
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 40,137 23,749
Other debtors 6,233 8,335
46,370 32,084
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 68,758 57,345
Other creditors 9,151 11,747
Taxation and social security 30,522 27,914
108,431 97,006
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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