Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 00755673 Mr Thomas John Kirkham Mr Harry Kirkham Mrs Jean Anne Kirkham Mrs Julia Elizabeth Worlock Mrs Jacqueline Anne Myerscough Mr Thomas John Kirkham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00755673 2023-02-28 00755673 2024-02-29 00755673 2023-03-01 2024-02-29 00755673 frs-core:CurrentFinancialInstruments 2024-02-29 00755673 frs-core:FurnitureFittings 2024-02-29 00755673 frs-core:FurnitureFittings 2023-03-01 2024-02-29 00755673 frs-core:FurnitureFittings 2023-02-28 00755673 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 00755673 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 00755673 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 00755673 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 00755673 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 00755673 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 00755673 frs-core:MotorVehicles 2024-02-29 00755673 frs-core:MotorVehicles 2023-03-01 2024-02-29 00755673 frs-core:MotorVehicles 2023-02-28 00755673 frs-core:ShareCapital 2024-02-29 00755673 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 00755673 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 00755673 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 00755673 frs-bus:SmallEntities 2023-03-01 2024-02-29 00755673 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 00755673 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 00755673 frs-bus:Director1 2023-03-01 2024-02-29 00755673 frs-bus:Director2 2023-03-01 2024-02-29 00755673 frs-bus:Director3 2023-03-01 2024-02-29 00755673 frs-bus:Director4 2023-03-01 2024-02-29 00755673 frs-bus:Director5 2023-03-01 2024-02-29 00755673 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 00755673 frs-countries:EnglandWales 2023-03-01 2024-02-29 00755673 2022-02-28 00755673 2023-02-28 00755673 2022-03-01 2023-02-28 00755673 frs-core:CurrentFinancialInstruments 2023-02-28 00755673 frs-core:ShareCapital 2023-02-28 00755673 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 00755673
J.W. Kirkham & Sons (Eastham) Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00755673
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 558,355 594,188
558,355 594,188
CURRENT ASSETS
Stocks 629,118 508,398
Debtors 5 508,913 452,903
Cash at bank and in hand 358,284 903,790
1,496,315 1,865,091
Creditors: Amounts Falling Due Within One Year 6 (803,320 ) (1,205,000 )
NET CURRENT ASSETS (LIABILITIES) 692,995 660,091
TOTAL ASSETS LESS CURRENT LIABILITIES 1,251,350 1,254,279
PROVISIONS FOR LIABILITIES
Deferred Taxation (54,500 ) (46,600 )
NET ASSETS 1,196,850 1,207,679
CAPITAL AND RESERVES
Called up share capital 7 5,500 5,500
Profit and Loss Account 1,191,350 1,202,179
SHAREHOLDERS' FUNDS 1,196,850 1,207,679
Page 1
Page 2
For the year ending 29 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 Harry Kirkham
Director
28 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
J.W. Kirkham & Sons (Eastham) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00755673 . The registered office is Eastham Hall Holiday Park, Saltcotes Road, Lytham St. Annes, Lancashire, FY8 4LS.
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:
Freehold land and buildings 2% on cost
Expenditure on buildings situated on land not owned by the company 2% on cost
Motor vehicles 25% on written down value
Fixtures and equipment 15% on written down value or 25% on cost
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.
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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.
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: 15 (2023: 16)
15 16
4. Tangible Assets
Land & Property
Freehold land and buildings Expenditure on buildings situated on land not owned by the company Motor vehicles Fixtures and equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 308,041 137,811 284,398 529,611 1,259,861
Additions - - - 32,776 32,776
Disposals - - - (18,000 ) (18,000 )
As at 29 February 2024 308,041 137,811 284,398 544,387 1,274,637
...CONTINUED
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Depreciation
As at 1 March 2023 54,535 89,727 175,459 345,952 665,673
Provided during the period 1,588 2,755 27,237 32,629 64,209
Disposals - - - (13,600 ) (13,600 )
As at 29 February 2024 56,123 92,482 202,696 364,981 716,282
Net Book Value
As at 29 February 2024 251,918 45,329 81,702 179,406 558,355
As at 1 March 2023 253,506 48,084 108,939 183,659 594,188
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 144,985 106,744
Other debtors 363,928 346,159
508,913 452,903
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 102,320 441,208
Other creditors 632,114 628,208
Taxation and social security 68,886 135,584
803,320 1,205,000
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,500 5,500
8. Related Party Transactions
The company is controlled by Mr. H. Kirkham who is a director.
Certain specific expenses have been recharged to J. W. Kirkham & Sons, a company of which Mrs. J. E. Worlock, Mrs. J. A. Myerscough and Mr. T. J. Kirkham are directors and shareholders. Directors' emoluments of £5,000, together with related national insurance and management charge of £2,000 have been charged to J. W. Kirkham & Sons. Other debtors include an amount of £13,462 due by J. W. Kirkham & Sons.
Rent of £50,000 has been charged on land used by the company which is owned by Eastham Developments Limited, a company of which Mr. T. J. Kirkham is a director and shareholder and Mrs. J. E. Worlock and Mrs. J. A. Myerscough are shareholders. Other creditors include an amount of £20,810 due to Eastham Developments Limited.
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