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 03687199 Mrs Christine Jarvis Mr Lee Jarvis Mrs Vicki Jarvis Mrs Christine Jarvis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03687199 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 03687199 2023-03-31 03687199 2024-03-31 03687199 2023-04-01 2024-03-31 03687199 frs-core:CurrentFinancialInstruments 2024-03-31 03687199 frs-core:Non-currentFinancialInstruments 2024-03-31 03687199 frs-core:BetweenOneFiveYears 2024-03-31 03687199 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03687199 frs-core:NetGoodwill 2024-03-31 03687199 frs-core:NetGoodwill 2023-04-01 2024-03-31 03687199 frs-core:NetGoodwill 2023-03-31 03687199 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03687199 frs-core:MotorVehicles 2023-04-01 2024-03-31 03687199 frs-core:PlantMachinery 2024-03-31 03687199 frs-core:PlantMachinery 2023-04-01 2024-03-31 03687199 frs-core:PlantMachinery 2023-03-31 03687199 frs-core:WithinOneYear 2024-03-31 03687199 frs-core:RevaluationReserve 2023-04-01 2024-03-31 03687199 frs-core:RevaluationReserve 2024-03-31 03687199 frs-core:ShareCapital 2024-03-31 03687199 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03687199 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03687199 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03687199 frs-bus:SmallEntities 2023-04-01 2024-03-31 03687199 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03687199 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03687199 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 03687199 frs-bus:OrdinaryShareClass1 2024-03-31 03687199 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 03687199 frs-bus:OrdinaryShareClass2 2024-03-31 03687199 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 03687199 frs-bus:OrdinaryShareClass3 2024-03-31 03687199 frs-bus:OrdinaryShareClass4 2023-04-01 2024-03-31 03687199 frs-bus:OrdinaryShareClass4 2024-03-31 03687199 frs-bus:Director1 2023-04-01 2024-03-31 03687199 frs-bus:Director2 2023-04-01 2024-03-31 03687199 frs-bus:Director3 2023-04-01 2024-03-31 03687199 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03687199 frs-countries:EnglandWales 2023-04-01 2024-03-31 03687199 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 03687199 2022-03-31 03687199 2023-03-31 03687199 2022-04-01 2023-03-31 03687199 frs-core:CurrentFinancialInstruments 2023-03-31 03687199 frs-core:Non-currentFinancialInstruments 2023-03-31 03687199 frs-core:BetweenOneFiveYears 2023-03-31 03687199 frs-core:PlantMachinery 2022-04-01 2023-03-31 03687199 frs-core:WithinOneYear 2023-03-31 03687199 frs-core:RevaluationReserve 2023-03-31 03687199 frs-core:ShareCapital 2023-03-31 03687199 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 03687199 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 03687199 frs-bus:OrdinaryShareClass2 2022-04-01 2023-03-31 03687199 frs-bus:OrdinaryShareClass3 2022-04-01 2023-03-31 03687199 frs-bus:OrdinaryShareClass4 2022-04-01 2023-03-31
Registered number: 03687199
B. Jarvis Roofing Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Association of Chartered Certified Accountants (ACCA)
Key Accountants
Office 5, The Forest Rock Offices
Leicester Road, Whitwick
Leicestershire
LE67 5GQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 03687199
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 170,850 198,748
Investment Properties 6 1,006,064 858,290
1,176,914 1,057,038
CURRENT ASSETS
Debtors 7 519,436 355,610
Cash at bank and in hand 1,107,244 1,137,880
1,626,680 1,493,490
Creditors: Amounts Falling Due Within One Year 8 (571,115 ) (553,654 )
NET CURRENT ASSETS (LIABILITIES) 1,055,565 939,836
TOTAL ASSETS LESS CURRENT LIABILITIES 2,232,479 1,996,874
Creditors: Amounts Falling Due After More Than One Year 9 (408,374 ) (439,044 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (36,475 ) (37,762 )
NET ASSETS 1,787,630 1,520,068
CAPITAL AND RESERVES
Called up share capital 12 100 100
Revaluation reserve 13 147,774 -
Profit and Loss Account 1,639,756 1,519,968
SHAREHOLDERS' FUNDS 1,787,630 1,520,068
Page 1
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 Profit and Loss Account.
On behalf of the board
Mr Lee Jarvis
Director
13th August 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
B. Jarvis Roofing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03687199 . The registered office is 31-35 Knighton Lane, Leicester, Leicestershire, LE2 8BG.
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. 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 10 years.
2.4. 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:
Freehold not depreciated
Plant & Machinery 25% reducing balance basis
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 25% reducing balance basis
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. 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.
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Page 4
2.7. 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: 28 (2023: 28)
28 28
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 150,000
As at 31 March 2024 150,000
Amortisation
As at 1 April 2023 150,000
As at 31 March 2024 150,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery
£
Cost or Valuation
As at 1 April 2023 368,745
Additions 41,530
Disposals (36,803 )
As at 31 March 2024 373,472
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 169,997
Provided during the period 57,006
Disposals (24,381 )
As at 31 March 2024 202,622
Net Book Value
As at 31 March 2024 170,850
As at 1 April 2023 198,748
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 63,889 85,186
6. Investment Property
2024
£
Fair Value
As at 1 April 2023 858,290
Revaluations 147,774
As at 31 March 2024 1,006,064
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 858,290 858,290
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 227,763 291,861
Prepayments and accrued income 276,937 57,763
VAT 14,736 5,986
519,436 355,610
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,894 32,637
Trade creditors 370,645 351,159
Bank loans and overdrafts 23,000 23,000
Corporation tax 81,030 74,040
Other taxes and social security 49,842 35,935
Other creditors 26,704 36,883
571,115 553,654
Page 5
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,720 30,245
Bank loans 395,654 408,799
408,374 439,044
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 328,000 328,000
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,614 62,882
Bank loans and overdrafts 418,654 431,799
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,894 32,637
Later than one year and not later than five years 12,720 30,245
32,614 62,882
32,614 62,882
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
0 Ordinary Shares of £ 0.000 each - 100
40 Ordinary A shares of £ 1.000 each 40 -
26 Ordinary B shares of £ 1.000 each 26 -
34 Ordinary C shares of £ 1.000 each 34 -
100 100
Shares issued during the period: £
40 Ordinary A shares of £ 1.000 each 40
26 Ordinary B shares of £ 1.000 each 26
34 Ordinary C shares of £ 1.000 each 34
100
Shares disposed during the period: £
100 Ordinary Shares of £ 1.000 each (100)
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13. Reserves
Revaluation Reserve
£
Net investment property revaluation reserve 147,774
As at 31 March 2024 147,774
Page 7