Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 04734419 Mr Jeffrey Davies JN Davies true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04734419 2023-05-31 04734419 2024-05-31 04734419 2023-06-01 2024-05-31 04734419 frs-core:CurrentFinancialInstruments 2024-05-31 04734419 frs-core:Non-currentFinancialInstruments 2024-05-31 04734419 frs-core:BetweenOneFiveYears 2024-05-31 04734419 frs-core:FurnitureFittings 2023-06-01 2024-05-31 04734419 frs-core:NetGoodwill 2024-05-31 04734419 frs-core:NetGoodwill 2023-06-01 2024-05-31 04734419 frs-core:NetGoodwill 2023-05-31 04734419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 04734419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04734419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 04734419 frs-core:MotorVehicles 2024-05-31 04734419 frs-core:MotorVehicles 2023-06-01 2024-05-31 04734419 frs-core:MotorVehicles 2023-05-31 04734419 frs-core:PlantMachinery 2024-05-31 04734419 frs-core:PlantMachinery 2023-06-01 2024-05-31 04734419 frs-core:PlantMachinery 2023-05-31 04734419 frs-core:WithinOneYear 2024-05-31 04734419 frs-core:ShareCapital 2024-05-31 04734419 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 04734419 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04734419 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 04734419 frs-bus:SmallEntities 2023-06-01 2024-05-31 04734419 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04734419 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04734419 1 2023-06-01 2024-05-31 04734419 frs-bus:Director1 2023-06-01 2024-05-31 04734419 frs-countries:EnglandWales 2023-06-01 2024-05-31 04734419 2022-05-31 04734419 2023-05-31 04734419 2022-06-01 2023-05-31 04734419 frs-core:CurrentFinancialInstruments 2023-05-31 04734419 frs-core:Non-currentFinancialInstruments 2023-05-31 04734419 frs-core:BetweenOneFiveYears 2023-05-31 04734419 frs-core:WithinOneYear 2023-05-31 04734419 frs-core:ShareCapital 2023-05-31 04734419 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 04734419
Jeff Davies Carpets Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04734419
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 67,018 72,392
67,018 72,392
CURRENT ASSETS
Debtors 6 6,402 1,994
Cash at bank and in hand 3,248 16,903
9,650 18,897
Creditors: Amounts Falling Due Within One Year 7 (34,534 ) (46,238 )
NET CURRENT ASSETS (LIABILITIES) (24,884 ) (27,341 )
TOTAL ASSETS LESS CURRENT LIABILITIES 42,134 45,051
Creditors: Amounts Falling Due After More Than One Year 8 - (4,001 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,021 ) (2,042 )
NET ASSETS 41,113 39,008
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 41,112 39,007
SHAREHOLDERS' FUNDS 41,113 39,008
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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 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 Profit and Loss Account.
On behalf of the board
Mr Jeffrey Davies
Director
15 January 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
Jeff Davies Carpets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04734419 . The registered office is 21 Dunraven Street, Tonypandy, Mid Glamorgan, CF40 1QG.
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:
Freehold Over 30 years
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
2.5. 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.
2.6. 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 3 4
3 4
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 30,000
As at 31 May 2024 30,000
Amortisation
As at 1 June 2023 30,000
As at 31 May 2024 30,000
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 June 2023 61,647 845 27,495 89,987
As at 31 May 2024 61,647 845 27,495 89,987
Depreciation
As at 1 June 2023 - 845 16,750 17,595
Provided during the period - - 5,374 5,374
As at 31 May 2024 - 845 22,124 22,969
Net Book Value
As at 31 May 2024 61,647 - 5,371 67,018
As at 1 June 2023 61,647 - 10,745 72,392
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,402 1,994
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,001 4,365
Trade creditors 9,395 18,473
Corporation tax 9,658 3,181
VAT 5,591 6,016
Accruals and deferred income 5,274 5,414
Director's loan account 615 8,789
34,534 46,238
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 4,001
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,001 4,365
Later than one year and not later than five years - 4,001
4,001 8,366
4,001 8,366
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Ultimate Controlling Party
The company's ultimate controlling party is JN Davies by virtue of his ownership of 100% of the issued share capital in the company.
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