Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08448268 Mrs Sharon Grimshaw Mr Justin Metz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08448268 2023-03-31 08448268 2024-03-31 08448268 2023-04-01 2024-03-31 08448268 frs-core:CurrentFinancialInstruments 2024-03-31 08448268 frs-core:Non-currentFinancialInstruments 2024-03-31 08448268 frs-core:ComputerEquipment 2024-03-31 08448268 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08448268 frs-core:ComputerEquipment 2023-03-31 08448268 frs-core:FurnitureFittings 2024-03-31 08448268 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08448268 frs-core:FurnitureFittings 2023-03-31 08448268 frs-core:NetGoodwill 2024-03-31 08448268 frs-core:NetGoodwill 2023-04-01 2024-03-31 08448268 frs-core:NetGoodwill 2023-03-31 08448268 frs-core:PlantMachinery 2024-03-31 08448268 frs-core:PlantMachinery 2023-04-01 2024-03-31 08448268 frs-core:PlantMachinery 2023-03-31 08448268 frs-core:ShareCapital 2024-03-31 08448268 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08448268 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08448268 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08448268 frs-bus:SmallEntities 2023-04-01 2024-03-31 08448268 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08448268 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08448268 frs-bus:Director1 2023-04-01 2024-03-31 08448268 frs-bus:Director1 2023-03-31 08448268 frs-bus:Director1 2024-03-31 08448268 frs-bus:Director2 2023-04-01 2024-03-31 08448268 frs-countries:EnglandWales 2023-04-01 2024-03-31 08448268 2022-03-31 08448268 2023-03-31 08448268 2022-04-01 2023-03-31 08448268 frs-core:CurrentFinancialInstruments 2023-03-31 08448268 frs-core:Non-currentFinancialInstruments 2023-03-31 08448268 frs-core:ShareCapital 2023-03-31 08448268 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08448268 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 08448268
J.T. Metz Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
TaxAssist Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08448268
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 37,813 17,593
37,813 17,593
CURRENT ASSETS
Debtors 6 202,107 345,458
Cash at bank and in hand (11,615 ) 53,515
190,492 398,973
Creditors: Amounts Falling Due Within One Year 7 (66,630 ) (186,343 )
NET CURRENT ASSETS (LIABILITIES) 123,862 212,630
TOTAL ASSETS LESS CURRENT LIABILITIES 161,675 230,223
Creditors: Amounts Falling Due After More Than One Year 8 (64,610 ) (88,751 )
NET ASSETS 97,065 141,472
CAPITAL AND RESERVES
Called up share capital 9 15 15
Income Statement 97,050 141,457
SHAREHOLDERS' FUNDS 97,065 141,472
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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 Justin Metz
Director
24/09/2024
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.T. Metz Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08448268 . The registered office is Cloverly, 46 Ledsham Road, Little Sutton, Ellesmere Port, Cheshire, CH66 4QJ.
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.
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 income statement over its estimated economic life of .... 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:
Plant & Machinery 15% RBM
Fixtures & Fittings 25% RBM
Computer Equipment 25% RBM
2.5. 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.
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:
2024 2023
Office and administration 2 2
2 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Amortisation
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 5,233 9,033 15,164 29,430
Additions - 32,615 - 32,615
As at 31 March 2024 5,233 41,648 15,164 62,045
Depreciation
As at 1 April 2023 3,668 2,800 5,369 11,837
Provided during the period 235 9,712 2,448 12,395
As at 31 March 2024 3,903 12,512 7,817 24,232
Net Book Value
As at 31 March 2024 1,330 29,136 7,347 37,813
As at 1 April 2023 1,565 6,233 9,795 17,593
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 85,309 58,841
Other debtors 68,732 68,732
Other debtors (1) - 122,200
VAT - 3,752
Directors' loan accounts 48,066 91,933
202,107 345,458
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 27,679 24,991
Bank loans and overdrafts 647 38,914
Corporation tax 26,789 116,506
Other taxes and social security - 868
VAT 2,960 -
Other creditors 6,468 3,310
Accruals and deferred income 2,087 1,754
66,630 186,343
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 64,610 88,751
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15 15
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Justin Metz 91,933 182,533 219,045 - 55,421
The above loan is unsecured, interest free and repayable on demand.
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