Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 00989376 Mr Mark Darlington Mr Samuel Darlington Mrs Dawn Darlington Mrs Dawn Darlington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00989376 2023-09-30 00989376 2024-09-30 00989376 2023-10-01 2024-09-30 00989376 frs-core:CurrentFinancialInstruments 2024-09-30 00989376 frs-core:Non-currentFinancialInstruments 2024-09-30 00989376 frs-core:BetweenOneFiveYears 2024-09-30 00989376 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 00989376 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 00989376 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 00989376 frs-core:MotorVehicles 2024-09-30 00989376 frs-core:MotorVehicles 2023-10-01 2024-09-30 00989376 frs-core:MotorVehicles 2023-09-30 00989376 frs-core:PlantMachinery 2024-09-30 00989376 frs-core:PlantMachinery 2023-10-01 2024-09-30 00989376 frs-core:PlantMachinery 2023-09-30 00989376 frs-core:WithinOneYear 2024-09-30 00989376 frs-core:RevaluationReserve 2023-09-30 00989376 frs-core:RevaluationReserve 2024-09-30 00989376 frs-core:ShareCapital 2024-09-30 00989376 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 00989376 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00989376 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 00989376 frs-bus:SmallEntities 2023-10-01 2024-09-30 00989376 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00989376 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 00989376 frs-bus:Director1 2023-10-01 2024-09-30 00989376 frs-bus:Director2 2023-10-01 2024-09-30 00989376 frs-bus:Director3 2023-10-01 2024-09-30 00989376 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 00989376 frs-countries:EnglandWales 2023-10-01 2024-09-30 00989376 2022-09-30 00989376 2023-09-30 00989376 2022-10-01 2023-09-30 00989376 frs-core:CurrentFinancialInstruments 2023-09-30 00989376 frs-core:Non-currentFinancialInstruments 2023-09-30 00989376 frs-core:BetweenOneFiveYears 2023-09-30 00989376 frs-core:WithinOneYear 2023-09-30 00989376 frs-core:RevaluationReserve 2023-09-30 00989376 frs-core:ShareCapital 2023-09-30 00989376 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 00989376
J.F. Turner And Company (Carpets) Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00989376
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 124,267 102,207
124,267 102,207
CURRENT ASSETS
Stocks 5 36,375 34,500
Debtors 6 7,313 6,671
Cash at bank and in hand 199,071 168,160
242,759 209,331
Creditors: Amounts Falling Due Within One Year 7 (177,920 ) (127,551 )
NET CURRENT ASSETS (LIABILITIES) 64,839 81,780
TOTAL ASSETS LESS CURRENT LIABILITIES 189,106 183,987
Creditors: Amounts Falling Due After More Than One Year 8 (12,292 ) (23,542 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,681 ) (17,323 )
NET ASSETS 162,133 143,122
CAPITAL AND RESERVES
Called up share capital 10 35 35
Revaluation reserve 11 76 76
Profit and Loss Account 162,022 143,011
SHAREHOLDERS' FUNDS 162,133 143,122
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Page 2
For the year ending 30 September 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 Mark Darlington
Director
26 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
J.F. Turner And Company (Carpets) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00989376 . The registered office is 224 Moss Lane, Bramhall, Stockport, Cheshire, SK7 1BD.
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:
Leasehold 10% Straight line
Plant & Machinery 20% Reducing balance
Motor Vehicles 25% Reducing balance
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.
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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.
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: 8 (2023: 8)
8 8
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 October 2023 54,254 36,210 164,118 254,582
Additions - 26,500 20,500 47,000
As at 30 September 2024 54,254 62,710 184,618 301,582
Depreciation
As at 1 October 2023 54,254 30,095 68,026 152,375
Provided during the period - 917 24,023 24,940
As at 30 September 2024 54,254 31,012 92,049 177,315
Net Book Value
As at 30 September 2024 - 31,698 92,569 124,267
As at 1 October 2023 - 6,115 96,092 102,207
5. Stocks
2024 2023
£ £
Stock 18,250 17,400
Work in progress 18,125 17,100
36,375 34,500
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6. Debtors
2024 2023
£ £
Due within one year
Other debtors 7,313 6,671
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,250 13,750
Trade creditors 46,763 50,882
Other creditors 76,382 22,077
Taxation and social security 43,525 40,842
177,920 127,551
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,292 23,542
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,250 13,750
Later than one year and not later than five years 12,292 23,542
23,542 37,292
23,542 37,292
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 35 35
11. Reserves
Revaluation Reserve
£
As at 1 October 2023 76
As at 30 September 2024 76
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