Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 NI667951 Mr Jamie Graham Mr Dara Graham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI667951 2023-02-28 NI667951 2024-02-28 NI667951 2023-03-01 2024-02-28 NI667951 frs-core:CurrentFinancialInstruments 2024-02-28 NI667951 frs-core:PlantMachinery 2024-02-28 NI667951 frs-core:PlantMachinery 2023-03-01 2024-02-28 NI667951 frs-core:PlantMachinery 2023-02-28 NI667951 frs-core:WithinOneYear 2024-02-28 NI667951 frs-core:ShareCapital 2024-02-28 NI667951 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 NI667951 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 NI667951 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 NI667951 frs-bus:SmallEntities 2023-03-01 2024-02-28 NI667951 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 NI667951 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 NI667951 frs-bus:Director1 2023-03-01 2024-02-28 NI667951 frs-bus:Director2 2023-03-01 2024-02-28 NI667951 frs-countries:NorthernIreland 2023-03-01 2024-02-28 NI667951 2022-02-28 NI667951 2023-02-28 NI667951 2022-03-01 2023-02-28 NI667951 frs-core:CurrentFinancialInstruments 2023-02-28 NI667951 frs-core:WithinOneYear 2023-02-28 NI667951 frs-core:ShareCapital 2023-02-28 NI667951 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: NI667951
JNG Electrical Services Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Lakeview CA Ltd
Chartered Accountants
142 Station Road
Saintfield
Co Down
BT24 7EL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI667951
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,178 44,767
44,178 44,767
CURRENT ASSETS
Stocks 5 25,000 22,500
Debtors 6 51,287 106,422
Cash at bank and in hand 82 5,344
76,369 134,266
Creditors: Amounts Falling Due Within One Year 7 (157,306 ) (138,979 )
NET CURRENT ASSETS (LIABILITIES) (80,937 ) (4,713 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,759 ) 40,054
NET (LIABILITIES)/ASSETS (36,759 ) 40,054
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (36,859 ) 39,954
SHAREHOLDERS' FUNDS (36,759) 40,054
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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
Mr Jamie Graham
Director
16/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
JNG Electrical Services Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI667951 . The registered office is 46a Riverside Road, Ballynahinch, Down, BT24 8TY.
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.
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 20% RB
2.4. 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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: )
5 -
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 64,885
Additions 28,206
Disposals (17,750 )
As at 28 February 2024 75,341
Depreciation
As at 1 March 2023 20,118
Provided during the period 11,045
As at 28 February 2024 31,163
Net Book Value
As at 28 February 2024 44,178
As at 1 March 2023 44,767
5. Stocks
2024 2023
£ £
Stock 25,000 22,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,287 99,421
Other debtors - 7,001
51,287 106,422
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,887 19,565
Trade creditors 31,800 35,495
Bank loans and overdrafts 28,978 16,126
Other creditors 77,483 67,793
Taxation and social security 4,158 -
157,306 138,979
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,887 19,565
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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