Acorah Software Products - Accounts Production 16.0.110 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05479560 Mr John Mills iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05479560 2023-06-30 05479560 2024-06-30 05479560 2023-07-01 2024-06-30 05479560 frs-core:CurrentFinancialInstruments 2024-06-30 05479560 frs-core:Non-currentFinancialInstruments 2024-06-30 05479560 frs-core:NetGoodwill 2024-06-30 05479560 frs-core:NetGoodwill 2023-07-01 2024-06-30 05479560 frs-core:NetGoodwill 2023-06-30 05479560 frs-core:MotorVehicles 2024-06-30 05479560 frs-core:MotorVehicles 2023-07-01 2024-06-30 05479560 frs-core:MotorVehicles 2023-06-30 05479560 frs-core:PlantMachinery 2024-06-30 05479560 frs-core:PlantMachinery 2023-07-01 2024-06-30 05479560 frs-core:PlantMachinery 2023-06-30 05479560 frs-core:ShareCapital 2024-06-30 05479560 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05479560 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05479560 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05479560 frs-bus:SmallEntities 2023-07-01 2024-06-30 05479560 frs-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05479560 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05479560 frs-bus:Director1 2023-07-01 2024-06-30 05479560 frs-countries:EnglandWales 2023-07-01 2024-06-30 05479560 2022-06-30 05479560 2023-06-30 05479560 2022-07-01 2023-06-30 05479560 frs-core:CurrentFinancialInstruments 2023-06-30 05479560 frs-core:Non-currentFinancialInstruments 2023-06-30 05479560 frs-core:ShareCapital 2023-06-30 05479560 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 05479560
J D Mills Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Swann Accounting Limited
First Floor Offices Rock-A-Nore Road
Hastings
TN34 3DW
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of J D Mills Ltd for the year ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of J D Mills Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of J D Mills Ltd , as a body, in accordance with the terms of our engagement letter dated 21 December 2023. Our work has been undertaken solely to prepare for your approval the accounts of J D Mills Ltd and state those matters that we have agreed to state to the director of J D Mills Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J D Mills Ltd and its director as a body for our work or for this report.
It is your duty to ensure that J D Mills Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of J D Mills Ltd . You consider that J D Mills Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J D Mills Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
08/11/2024
Swann Accounting Limited
ACCA
First Floor Offices Rock-A-Nore Road
Hastings
TN34 3DW
Page 1
Page 2
Balance Sheet
Registered number: 05479560
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,523 3,039
Tangible Assets 5 11,404 15,205
12,927 18,244
CURRENT ASSETS
Debtors 6 3,058 9,992
Cash at bank and in hand 22,212 -
25,270 9,992
Creditors: Amounts Falling Due Within One Year 7 (19,764 ) (32,796 )
NET CURRENT ASSETS (LIABILITIES) 5,506 (22,804 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,433 (4,560 )
Creditors: Amounts Falling Due After More Than One Year 8 (26,318 ) (20,919 )
NET LIABILITIES (7,885 ) (25,479 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (7,887 ) (25,481 )
SHAREHOLDERS' FUNDS (7,885) (25,479)
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Page 3
For the year ending 30 June 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 John Mills
Director
08/11/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
J D Mills Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05479560 . The registered office is C/O Swann Accounting Limited, First Floor Offices, Hastings Fishmarket, Rock-A-Nore Road, Hastings, East Sussex, TN34 3DW.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. Whilst the company's liabilities exceed its assets, the director has confirmed his continued support fo the company. 
2.3. 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.
2.4. 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. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.5. 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
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.
...CONTINUED
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2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 30,327
As at 30 June 2024 30,327
Amortisation
As at 1 July 2023 27,288
Provided during the period 1,516
As at 30 June 2024 28,804
Net Book Value
As at 30 June 2024 1,523
As at 1 July 2023 3,039
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 July 2023 10,028 39,753 49,781
As at 30 June 2024 10,028 39,753 49,781
Depreciation
As at 1 July 2023 9,663 24,913 34,576
Provided during the period 91 3,710 3,801
As at 30 June 2024 9,754 28,623 38,377
Net Book Value
As at 30 June 2024 274 11,130 11,404
As at 1 July 2023 365 14,840 15,205
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Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 7,763
VAT 3,058 2,229
3,058 9,992
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 6,166
Bank loans and overdrafts 4,815 21,412
Corporation tax 7,266 1,991
Other taxes and social security 3,498 889
Other creditors 667 1,351
Accruals and deferred income 800 900
Director's loan account 2,718 87
19,764 32,796
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,318 20,919
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
At the year end a directors loan account exists and the director Mr J Mills was owed £2,718 (2023: £87). There is no interest charged on this amount and it is repayable upon demand. 
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