Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 NI618350 Mrs Geraldine Millar Mr Stephen Millar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI618350 2023-04-30 NI618350 2024-04-30 NI618350 2023-05-01 2024-04-30 NI618350 frs-core:CurrentFinancialInstruments 2024-04-30 NI618350 frs-core:Non-currentFinancialInstruments 2024-04-30 NI618350 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 NI618350 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 NI618350 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 NI618350 frs-core:MoreThanFiveYears 2024-04-30 NI618350 frs-core:MotorVehicles 2024-04-30 NI618350 frs-core:MotorVehicles 2023-05-01 2024-04-30 NI618350 frs-core:MotorVehicles 2023-04-30 NI618350 frs-core:PlantMachinery 2024-04-30 NI618350 frs-core:PlantMachinery 2023-05-01 2024-04-30 NI618350 frs-core:PlantMachinery 2023-04-30 NI618350 frs-core:WithinOneYear 2024-04-30 NI618350 frs-core:ShareCapital 2024-04-30 NI618350 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI618350 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI618350 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 NI618350 frs-bus:SmallEntities 2023-05-01 2024-04-30 NI618350 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 NI618350 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI618350 frs-bus:Director1 2023-05-01 2024-04-30 NI618350 frs-bus:Director2 2023-05-01 2024-04-30 NI618350 frs-countries:NorthernIreland 2023-05-01 2024-04-30 NI618350 2022-04-30 NI618350 2023-04-30 NI618350 2022-05-01 2023-04-30 NI618350 frs-core:CurrentFinancialInstruments 2023-04-30 NI618350 frs-core:Non-currentFinancialInstruments 2023-04-30 NI618350 frs-core:MoreThanFiveYears 2023-04-30 NI618350 frs-core:WithinOneYear 2023-04-30 NI618350 frs-core:ShareCapital 2023-04-30 NI618350 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: NI618350
L J Millar And Sons Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
AGL Chartered Accountants
Unit 44
Strabane Enterprise Agency
Strabane
Co Tyrone
BT82 9FR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI618350
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 308,911 257,245
308,911 257,245
CURRENT ASSETS
Stocks 5 430,379 275,612
Debtors 6 201,130 217,814
Cash at bank and in hand - 162,828
631,509 656,254
Creditors: Amounts Falling Due Within One Year 7 (369,118 ) (366,461 )
NET CURRENT ASSETS (LIABILITIES) 262,391 289,793
TOTAL ASSETS LESS CURRENT LIABILITIES 571,302 547,038
Creditors: Amounts Falling Due After More Than One Year 8 (143,281 ) (94,651 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,810 ) (42,810 )
NET ASSETS 385,211 409,577
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 385,209 409,575
SHAREHOLDERS' FUNDS 385,211 409,577
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For the year ending 30 April 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 Stephen Millar
Director
17/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
L J Millar And Sons Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI618350 . The registered office is 289 Melmount Road, Victoria Bridge, Strabane, County Tyrone, BT82 9JG.
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 No depreciation
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 8)
7 8
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 May 2023 1,338 845,010 407,930 1,254,278
Additions - 181,666 - 181,666
Disposals - (64,835 ) - (64,835 )
As at 30 April 2024 1,338 961,841 407,930 1,371,109
Depreciation
As at 1 May 2023 - 595,388 401,645 997,033
Provided during the period - 92,680 1,257 93,937
Disposals - (28,772 ) - (28,772 )
As at 30 April 2024 - 659,296 402,902 1,062,198
...CONTINUED
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Net Book Value
As at 30 April 2024 1,338 302,545 5,028 308,911
As at 1 May 2023 1,338 249,622 6,285 257,245
5. Stocks
2024 2023
£ £
Work in progress 430,379 275,612
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,623 45,373
VAT 16,273 -
LJM Builders Suppliers Ltd. 170,234 172,441
201,130 217,814
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 55,656 26,471
Trade creditors 84,133 164,786
Bank loans and overdrafts 26,719 10,648
Other taxes and social security 3,115 7,286
VAT - 29,049
Other creditors 16,300 -
Accruals and deferred income 2,260 1,053
Directors' loan accounts 168,435 114,668
LJ Millar and Sons (Holdings) Ltd 12,500 12,500
369,118 366,461
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 131,602 72,912
Bank loans 11,679 21,739
143,281 94,651
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 55,656 26,471
Later than five years 131,602 72,912
187,258 99,383
187,258 99,383
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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