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 04904170 Mr B J Burr Ms R E Martin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04904170 2023-03-31 04904170 2024-03-31 04904170 2023-04-01 2024-03-31 04904170 frs-core:Non-currentFinancialInstruments 2024-03-31 04904170 frs-core:FurnitureFittings 2024-03-31 04904170 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04904170 frs-core:FurnitureFittings 2023-03-31 04904170 frs-core:MotorVehicles 2024-03-31 04904170 frs-core:MotorVehicles 2023-04-01 2024-03-31 04904170 frs-core:MotorVehicles 2023-03-31 04904170 frs-core:ShareCapital 2024-03-31 04904170 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04904170 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04904170 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04904170 frs-bus:SmallEntities 2023-04-01 2024-03-31 04904170 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04904170 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04904170 frs-bus:Director1 2023-04-01 2024-03-31 04904170 frs-bus:Director2 2023-04-01 2024-03-31 04904170 frs-countries:EnglandWales 2023-04-01 2024-03-31 04904170 2022-03-31 04904170 2023-03-31 04904170 2022-04-01 2023-03-31 04904170 frs-core:Non-currentFinancialInstruments 2023-03-31 04904170 frs-core:ShareCapital 2023-03-31 04904170 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04904170
J B Fire Systems Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Finsbury Robinson Ltd
237 Westcombe Hill
London
SE3 7DW
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 04904170
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,041 790
1,041 790
CURRENT ASSETS
Stocks 5 90,000 59,500
Debtors 150,160 208,368
Cash at bank and in hand 4,415 529
244,575 268,397
Creditors: Amounts Falling Due Within One Year (170,709 ) (212,308 )
NET CURRENT ASSETS (LIABILITIES) 73,866 56,089
TOTAL ASSETS LESS CURRENT LIABILITIES 74,907 56,879
Creditors: Amounts Falling Due After More Than One Year (74,219 ) (54,339 )
NET ASSETS 688 2,540
CAPITAL AND RESERVES
Called up share capital 6 1,100 1,100
Income Statement (412 ) 1,440
SHAREHOLDERS' FUNDS 688 2,540
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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 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
Mr B J Burr
Director
25th October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
J B Fire Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04904170 . The registered office is 237 Westcombe Hill, London, SE3 7DW.
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:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on 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.
Tax is recognised in the income statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.6. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: NIL)
4 -
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Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 1,915 31,460 33,375
Additions - 599 599
As at 31 March 2024 1,915 32,059 33,974
Depreciation
As at 1 April 2023 1,880 30,705 32,585
Provided during the period 9 339 348
As at 31 March 2024 1,889 31,044 32,933
Net Book Value
As at 31 March 2024 26 1,015 1,041
As at 1 April 2023 35 755 790
5. Stocks
2024 2023
£ £
Stock 90,000 59,500
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,100 1,100
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