Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04408027 Mr Ian Swindlehurst Mrs Jennifer Swindlehurst Mrs Kathleen Swindlehurst iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04408027 2023-07-31 04408027 2024-07-31 04408027 2023-08-01 2024-07-31 04408027 frs-core:CurrentFinancialInstruments 2024-07-31 04408027 frs-core:FurnitureFittings 2024-07-31 04408027 frs-core:FurnitureFittings 2023-08-01 2024-07-31 04408027 frs-core:FurnitureFittings 2023-07-31 04408027 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 04408027 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04408027 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 04408027 frs-core:MotorVehicles 2024-07-31 04408027 frs-core:MotorVehicles 2023-08-01 2024-07-31 04408027 frs-core:MotorVehicles 2023-07-31 04408027 frs-core:PlantMachinery 2024-07-31 04408027 frs-core:PlantMachinery 2023-08-01 2024-07-31 04408027 frs-core:PlantMachinery 2023-07-31 04408027 frs-core:WithinOneYear 2024-07-31 04408027 frs-core:ShareCapital 2024-07-31 04408027 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04408027 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04408027 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04408027 frs-bus:SmallEntities 2023-08-01 2024-07-31 04408027 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04408027 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04408027 frs-bus:Director1 2023-08-01 2024-07-31 04408027 frs-bus:Director2 2023-08-01 2024-07-31 04408027 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 04408027 frs-countries:EnglandWales 2023-08-01 2024-07-31 04408027 2022-07-31 04408027 2023-07-31 04408027 2022-08-01 2023-07-31 04408027 frs-core:CurrentFinancialInstruments 2023-07-31 04408027 frs-core:BetweenOneFiveYears 2023-07-31 04408027 frs-core:WithinOneYear 2023-07-31 04408027 frs-core:ShareCapital 2023-07-31 04408027 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04408027
SFJ (Lancashire) Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04408027
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 320,856 360,332
320,856 360,332
CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 161,871 185,592
Cash at bank and in hand 313,775 426,093
485,646 621,685
Creditors: Amounts Falling Due Within One Year 7 (44,541 ) (153,605 )
NET CURRENT ASSETS (LIABILITIES) 441,105 468,080
TOTAL ASSETS LESS CURRENT LIABILITIES 761,961 828,412
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,480 ) (31,026 )
NET ASSETS 739,481 797,386
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 739,477 797,382
SHAREHOLDERS' FUNDS 739,481 797,386
Page 1
Page 2
For the year ending 31 July 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 Swindlehurst
Director
21/01/2025
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
SFJ (Lancashire) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04408027 . The registered office is Units 5-6 Anchor Court, Commercial Road, Darwen, Lancashire, BB3 0FL.
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 None
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
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.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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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
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 August 2023 110,838 133,253 282,269 13,942 540,302
Additions - - 15,371 2,633 18,004
As at 31 July 2024 110,838 133,253 297,640 16,575 558,306
Depreciation
As at 1 August 2023 - 84,073 85,802 10,095 179,970
Provided during the period - 7,377 49,265 838 57,480
As at 31 July 2024 - 91,450 135,067 10,933 237,450
Net Book Value
As at 31 July 2024 110,838 41,803 162,573 5,642 320,856
As at 1 August 2023 110,838 49,180 196,467 3,847 360,332
5. Stocks
2024 2023
£ £
Materials 10,000 10,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,042 21,966
Amounts recoverable on contracts 75,031 123,275
Prepayments and accrued income 23,499 26,305
Other debtors 1,744 -
VAT 10,555 14,046
161,871 185,592
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,652 55,382
Corporation tax 4,549 44,366
Other taxes and social security 912 4,631
Net wages - 11,012
Other creditors 4,287 6,615
Accruals and deferred income 17,127 31,211
Directors' loan accounts 14 388
44,541 153,605
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 3,438 13,750
Later than one year and not later than five years - 3,438
3,438 17,188
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