Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05979303 Mr Ian Johnson Mrs Sarah Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05979303 2023-12-31 05979303 2024-12-31 05979303 2024-01-01 2024-12-31 05979303 frs-core:CurrentFinancialInstruments 2024-12-31 05979303 frs-core:Non-currentFinancialInstruments 2024-12-31 05979303 frs-core:BetweenOneFiveYears 2024-12-31 05979303 frs-core:ComputerEquipment 2024-12-31 05979303 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05979303 frs-core:ComputerEquipment 2023-12-31 05979303 frs-core:FurnitureFittings 2024-12-31 05979303 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05979303 frs-core:FurnitureFittings 2023-12-31 05979303 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 05979303 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05979303 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 05979303 frs-core:MotorVehicles 2024-12-31 05979303 frs-core:MotorVehicles 2024-01-01 2024-12-31 05979303 frs-core:MotorVehicles 2023-12-31 05979303 frs-core:PlantMachinery 2024-12-31 05979303 frs-core:PlantMachinery 2024-01-01 2024-12-31 05979303 frs-core:PlantMachinery 2023-12-31 05979303 frs-core:WithinOneYear 2024-12-31 05979303 frs-core:ShareCapital 2024-12-31 05979303 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05979303 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05979303 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05979303 frs-bus:SmallEntities 2024-01-01 2024-12-31 05979303 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05979303 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05979303 frs-bus:Director1 2024-01-01 2024-12-31 05979303 frs-bus:Director1 2023-12-31 05979303 frs-bus:Director1 2024-12-31 05979303 frs-bus:Director2 2024-01-01 2024-12-31 05979303 frs-countries:EnglandWales 2024-01-01 2024-12-31 05979303 2022-12-31 05979303 2023-12-31 05979303 2023-01-01 2023-12-31 05979303 frs-core:CurrentFinancialInstruments 2023-12-31 05979303 frs-core:Non-currentFinancialInstruments 2023-12-31 05979303 frs-core:BetweenOneFiveYears 2023-12-31 05979303 frs-core:WithinOneYear 2023-12-31 05979303 frs-core:ShareCapital 2023-12-31 05979303 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05979303
I S J Farming Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05979303
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,646,586 1,667,343
1,646,586 1,667,343
CURRENT ASSETS
Stocks 5 49,290 6,000
Debtors 6 13,451 142,540
Cash at bank and in hand 178 264
62,919 148,804
Creditors: Amounts Falling Due Within One Year 7 (752,548 ) (783,744 )
NET CURRENT ASSETS (LIABILITIES) (689,629 ) (634,940 )
TOTAL ASSETS LESS CURRENT LIABILITIES 956,957 1,032,403
Creditors: Amounts Falling Due After More Than One Year 8 (648,344 ) (775,776 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (87,824 ) (87,824 )
NET ASSETS 220,789 168,803
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 220,787 168,801
SHAREHOLDERS' FUNDS 220,789 168,803
Page 1
Page 2
For the year ending 31 December 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 Ian Johnson
Director
13/01/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
I S J Farming Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05979303 . The registered office is The Greenhouse, 106-108 Ashbourne Road, Derby, DE22 3AG.
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 4% straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 1,580,706 258,082 80,450 186,826
Additions - 22,040 - -
As at 31 December 2024 1,580,706 280,122 80,450 186,826
Depreciation
As at 1 January 2024 88,153 168,792 42,567 139,231
Provided during the period 6,900 15,873 12,862 7,140
As at 31 December 2024 95,053 184,665 55,429 146,371
Net Book Value
As at 31 December 2024 1,485,653 95,457 25,021 40,455
As at 1 January 2024 1,492,553 89,290 37,883 47,595
Computer Equipment Total
£ £
Cost
As at 1 January 2024 20,614 2,126,678
Additions - 22,040
As at 31 December 2024 20,614 2,148,718
Depreciation
As at 1 January 2024 20,592 459,335
Provided during the period 22 42,797
As at 31 December 2024 20,614 502,132
Net Book Value
As at 31 December 2024 - 1,646,586
As at 1 January 2024 22 1,667,343
5. Stocks
2024 2023
£ £
Stock 49,290 6,000
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 178 142,093
Prepayments and accrued income 8,757 -
VAT 4,516 447
13,451 142,540
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,423 21,216
Trade creditors 54,707 181,484
Bank loans and overdrafts 219,845 121,590
Other creditors 1,999 1,999
Directors' loan accounts 456,574 457,455
752,548 783,744
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,691 31,374
Bank loans 612,653 744,402
648,344 775,776
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,423 21,216
Later than one year and not later than five years 35,691 31,374
55,114 52,590
55,114 52,590
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5
Page 6
11. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Ian Johnson 457,455 18,068 17,187 - 456,574
The above loan is unsecured, interest free and repayable on demand.
Page 6