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 04664843 Mr F Broadway Mrs S John iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04664843 2023-02-28 04664843 2024-02-29 04664843 2023-03-01 2024-02-29 04664843 frs-core:CurrentFinancialInstruments 2024-02-29 04664843 frs-core:Non-currentFinancialInstruments 2024-02-29 04664843 frs-core:ComputerEquipment 2024-02-29 04664843 frs-core:ComputerEquipment 2023-03-01 2024-02-29 04664843 frs-core:ComputerEquipment 2023-02-28 04664843 frs-core:FurnitureFittings 2024-02-29 04664843 frs-core:FurnitureFittings 2023-03-01 2024-02-29 04664843 frs-core:FurnitureFittings 2023-02-28 04664843 frs-core:NetGoodwill 2024-02-29 04664843 frs-core:NetGoodwill 2023-03-01 2024-02-29 04664843 frs-core:NetGoodwill 2023-02-28 04664843 frs-core:MotorVehicles 2024-02-29 04664843 frs-core:MotorVehicles 2023-03-01 2024-02-29 04664843 frs-core:MotorVehicles 2023-02-28 04664843 frs-core:PlantMachinery 2024-02-29 04664843 frs-core:PlantMachinery 2023-03-01 2024-02-29 04664843 frs-core:PlantMachinery 2023-02-28 04664843 frs-core:ShareCapital 2024-02-29 04664843 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 04664843 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04664843 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 04664843 frs-bus:SmallEntities 2023-03-01 2024-02-29 04664843 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 04664843 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 04664843 frs-bus:Director1 2023-03-01 2024-02-29 04664843 frs-bus:Director1 2023-02-28 04664843 frs-bus:Director1 2024-02-29 04664843 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 04664843 frs-countries:EnglandWales 2023-03-01 2024-02-29 04664843 2022-02-28 04664843 2023-02-28 04664843 2022-03-01 2023-02-28 04664843 frs-core:CurrentFinancialInstruments 2023-02-28 04664843 frs-core:Non-currentFinancialInstruments 2023-02-28 04664843 frs-core:ShareCapital 2023-02-28 04664843 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 04664843
J & P Service Centre Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Charlton Baker (Trowbridge)
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04664843
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 20,045 13,435
20,045 13,435
CURRENT ASSETS
Stocks 6 500 500
Debtors 7 39,661 31,599
Cash at bank and in hand 83,399 66,070
123,560 98,169
Creditors: Amounts Falling Due Within One Year 8 (66,841 ) (77,339 )
NET CURRENT ASSETS (LIABILITIES) 56,719 20,830
TOTAL ASSETS LESS CURRENT LIABILITIES 76,764 34,265
Creditors: Amounts Falling Due After More Than One Year 9 (21,490 ) (31,740 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,132 ) (1,832 )
NET ASSETS 52,142 693
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 52,042 593
SHAREHOLDERS' FUNDS 52,142 693
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 F Broadway
Director
29/11/2024
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 & P Service Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04664843 . The registered office is Ashton Mills, West Ashton Road, TROWBRIDGE, Wiltshire, BA14 7BA.
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 income statement over its estimated economic life of five 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 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% SL
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.
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.
...CONTINUED
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2.6. Taxation - continued
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: 9)
8 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 22,000
As at 29 February 2024 22,000
Amortisation
As at 1 March 2023 22,000
As at 29 February 2024 22,000
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 53,377 18,891 7,445 5,299 85,012
Additions 3,000 8,250 2,168 - 13,418
As at 29 February 2024 56,377 27,141 9,613 5,299 98,430
Depreciation
As at 1 March 2023 43,438 16,505 6,786 4,848 71,577
Provided during the period 3,235 2,660 707 206 6,808
As at 29 February 2024 46,673 19,165 7,493 5,054 78,385
Net Book Value
As at 29 February 2024 9,704 7,976 2,120 245 20,045
As at 1 March 2023 9,939 2,386 659 451 13,435
6. Stocks
2024 2023
£ £
Materials 500 500
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,996 3,995
Prepayments and accrued income - 618
Corporation tax recoverable assets 5,498 7,483
Director's loan account 27,167 19,503
39,661 31,599
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,859 38,015
Bank loans and overdrafts 9,512 9,130
Other creditors 2,655 6,452
Taxation and social security 39,815 23,742
66,841 77,339
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,490 31,740
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Frederick Broadway 19,504 7,664 - - 27,168
The above loan is unsecured, interest free and repayable on demand. This loan has been repaid 9 months after the year end. 
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