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 SC249266 Mr Peter McBean Ms Judith McLaren iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC249266 2023-05-31 SC249266 2024-05-31 SC249266 2023-06-01 2024-05-31 SC249266 frs-core:CurrentFinancialInstruments 2024-05-31 SC249266 frs-core:Non-currentFinancialInstruments 2024-05-31 SC249266 frs-core:ComputerEquipment 2024-05-31 SC249266 frs-core:ComputerEquipment 2023-06-01 2024-05-31 SC249266 frs-core:ComputerEquipment 2023-05-31 SC249266 frs-core:NetGoodwill 2024-05-31 SC249266 frs-core:NetGoodwill 2023-06-01 2024-05-31 SC249266 frs-core:NetGoodwill 2023-05-31 SC249266 frs-core:PlantMachinery 2024-05-31 SC249266 frs-core:PlantMachinery 2023-06-01 2024-05-31 SC249266 frs-core:PlantMachinery 2023-05-31 SC249266 frs-core:WithinOneYear 2024-05-31 SC249266 frs-core:ShareCapital 2024-05-31 SC249266 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC249266 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC249266 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC249266 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC249266 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC249266 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC249266 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 SC249266 frs-bus:OrdinaryShareClass1 2024-05-31 SC249266 frs-bus:Director1 2023-06-01 2024-05-31 SC249266 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 SC249266 frs-core:CurrentFinancialInstruments 1 2024-05-31 SC249266 frs-countries:Scotland 2023-06-01 2024-05-31 SC249266 2022-05-31 SC249266 2023-05-31 SC249266 2022-06-01 2023-05-31 SC249266 frs-core:CurrentFinancialInstruments 2023-05-31 SC249266 frs-core:Non-currentFinancialInstruments 2023-05-31 SC249266 frs-core:BetweenOneFiveYears 2023-05-31 SC249266 frs-core:WithinOneYear 2023-05-31 SC249266 frs-core:ShareCapital 2023-05-31 SC249266 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 SC249266 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31 SC249266 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: SC249266
PJM Joinery & Building Ltd.
Unaudited Financial Statements
For The Year Ended 31 May 2024
D Napier Accountancy
ACCA
Office 2, 30/2 Eskbank Office Complex
Hardengreen Industrial Estate
Dalkeith
EH22 3NX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC249266
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 31,635 26,176
31,635 26,176
CURRENT ASSETS
Stocks 6 15,000 15,000
Debtors 7 43,035 46,712
Cash at bank and in hand 173,757 58,203
231,792 119,915
Creditors: Amounts Falling Due Within One Year 8 (249,504 ) (117,759 )
NET CURRENT ASSETS (LIABILITIES) (17,712 ) 2,156
TOTAL ASSETS LESS CURRENT LIABILITIES 13,923 28,332
Creditors: Amounts Falling Due After More Than One Year 9 (16,337 ) (28,077 )
NET (LIABILITIES)/ASSETS (2,414 ) 255
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account (2,415 ) 254
SHAREHOLDERS' FUNDS (2,414) 255
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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 Peter McBean
Director
18th October 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
PJM Joinery & Building Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC249266 . The registered office is 3 The Maltings, Haddington, EH41 4EF.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was amortised evenly over its estimated useful life of nine years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at sufficient rates to write off each asset over its estimated useful life. 
Plant & Machinery 20-25% Reducing Balance
Computer Equipment 10-33% 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. 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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2.7. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was  6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 7,500
As at 31 May 2024 7,500
Amortisation
As at 1 June 2023 7,500
As at 31 May 2024 7,500
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 87,371 486 87,857
Additions 14,500 1,786 16,286
As at 31 May 2024 101,871 2,272 104,143
...CONTINUED
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Depreciation
As at 1 June 2023 61,559 122 61,681
Provided during the period 10,078 749 10,827
As at 31 May 2024 71,637 871 72,508
Net Book Value
As at 31 May 2024 30,234 1,401 31,635
As at 1 June 2023 25,812 364 26,176
6. Stocks
2024 2023
£ £
Stock 15,000 15,000
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 43,035 41,780
Director's loan account - 4,932
43,035 46,712
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,733 2,600
Trade creditors 17,486 9,818
Bank loans and overdrafts 9,747 9,747
Corporation tax 88,243 73,198
Other taxes and social security 1,486 601
VAT 36,460 21,013
Other creditors 94 -
Other creditors (1) 7,632 (18 )
Accruals and deferred income 85,679 800
Director's loan account 944 -
249,504 117,759
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 1,733
Bank loans 16,337 26,344
16,337 28,077
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,733 2,600
Later than one year and not later than five years - 1,733
1,733 4,333
1,733 4,333
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 0.01 each 1 1
12. Related Party Transactions
Other debtors also includes a loan of £43,035 to PJM Office Solutions Ltd, a company in which the director is the sole shareholder. 
This loan is interest free, unsecured and repayable on demand.
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