Acorah Software Products - Accounts Production 15.0.400 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09055645 Mr David Jenkins Mrs Donna Jenkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09055645 2023-05-31 09055645 2024-05-31 09055645 2023-06-01 2024-05-31 09055645 frs-core:CurrentFinancialInstruments 2024-05-31 09055645 frs-core:ComputerEquipment 2024-05-31 09055645 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09055645 frs-core:ComputerEquipment 2023-05-31 09055645 frs-core:NetGoodwill 2024-05-31 09055645 frs-core:NetGoodwill 2023-06-01 2024-05-31 09055645 frs-core:NetGoodwill 2023-05-31 09055645 frs-core:MotorVehicles 2024-05-31 09055645 frs-core:MotorVehicles 2023-06-01 2024-05-31 09055645 frs-core:MotorVehicles 2023-05-31 09055645 frs-core:PlantMachinery 2024-05-31 09055645 frs-core:PlantMachinery 2023-06-01 2024-05-31 09055645 frs-core:PlantMachinery 2023-05-31 09055645 frs-core:CapitalRedemptionReserve 2024-05-31 09055645 frs-core:ShareCapital 2024-05-31 09055645 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09055645 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09055645 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09055645 frs-bus:SmallEntities 2023-06-01 2024-05-31 09055645 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09055645 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09055645 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 09055645 frs-bus:OrdinaryShareClass1 2024-05-31 09055645 frs-bus:Director1 2023-06-01 2024-05-31 09055645 frs-bus:Director2 2023-06-01 2024-05-31 09055645 frs-countries:EnglandWales 2023-06-01 2024-05-31 09055645 2022-05-31 09055645 2023-05-31 09055645 2022-06-01 2023-05-31 09055645 frs-core:CurrentFinancialInstruments 2023-05-31 09055645 frs-core:CapitalRedemptionReserve 2023-05-31 09055645 frs-core:ShareCapital 2023-05-31 09055645 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 09055645 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31
Registered number: 09055645
Jenkins & Falvey Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Yates & Co (Accountants) Limited
Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09055645
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 25,000
Tangible Assets 5 24,160 2,791
24,160 27,791
CURRENT ASSETS
Stocks 6 8,577 22,500
Debtors 7 196,262 205,177
Cash at bank and in hand 1,565,634 1,493,498
1,770,473 1,721,175
Creditors: Amounts Falling Due Within One Year 8 (85,548 ) (160,018 )
NET CURRENT ASSETS (LIABILITIES) 1,684,925 1,561,157
TOTAL ASSETS LESS CURRENT LIABILITIES 1,709,085 1,588,948
NET ASSETS 1,709,085 1,588,948
CAPITAL AND RESERVES
Called up share capital 9 1 1
Capital redemption reserve 1 1
Profit and Loss Account 1,709,083 1,588,946
SHAREHOLDERS' FUNDS 1,709,085 1,588,948
Page 1
Page 2
For the year ending 31 May 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 David Jenkins
Director
19/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jenkins & Falvey Limited Registered number 09055645 is a limited by shares company incorporated in England & Wales. The Registered Office is 7 St. Georges Yard, Castle Street, Farnham, Surrey, GU9 7LW.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
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
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 250,000
As at 31 May 2024 250,000
Amortisation
As at 1 June 2023 225,000
Provided during the period 25,000
As at 31 May 2024 250,000
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 25,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 725 22,588 1,579 24,892
Additions - 28,578 - 28,578
Disposals - (18,889 ) - (18,889 )
As at 31 May 2024 725 32,277 1,579 34,581
Depreciation
As at 1 June 2023 651 19,994 1,456 22,101
Provided during the period 19 5,622 31 5,672
Disposals - (17,352 ) - (17,352 )
As at 31 May 2024 670 8,264 1,487 10,421
Net Book Value
As at 31 May 2024 55 24,013 92 24,160
As at 1 June 2023 74 2,594 123 2,791
6. Stocks
2024 2023
£ £
Work in progress 8,577 22,500
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,215 61,840
Other debtors 150,047 143,337
196,262 205,177
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,238 5,240
Other creditors 85 2,095
Taxation and social security 80,225 152,683
85,548 160,018
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
5 Ordinary Shares of £ 0.20 each 1 1
Share Capital at 31st May 2023 consisted of:
5 Ordinary £0.20 shares
2 Ordinary A £0.20 shares
Page 5