Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 NI044292 Mr James Turner Mrs Lorraine Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI044292 2023-01-31 NI044292 2024-01-31 NI044292 2023-02-01 2024-01-31 NI044292 frs-core:CurrentFinancialInstruments 2024-01-31 NI044292 frs-core:Non-currentFinancialInstruments 2024-01-31 NI044292 frs-core:FurnitureFittings 2024-01-31 NI044292 frs-core:FurnitureFittings 2023-02-01 2024-01-31 NI044292 frs-core:FurnitureFittings 2023-01-31 NI044292 frs-core:NetGoodwill 2024-01-31 NI044292 frs-core:NetGoodwill 2023-02-01 2024-01-31 NI044292 frs-core:NetGoodwill 2023-01-31 NI044292 frs-core:MotorVehicles 2024-01-31 NI044292 frs-core:MotorVehicles 2023-02-01 2024-01-31 NI044292 frs-core:MotorVehicles 2023-01-31 NI044292 frs-core:ShareCapital 2024-01-31 NI044292 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI044292 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI044292 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 NI044292 frs-bus:SmallEntities 2023-02-01 2024-01-31 NI044292 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 NI044292 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI044292 frs-bus:Director1 2023-02-01 2024-01-31 NI044292 frs-bus:Director2 2023-02-01 2024-01-31 NI044292 frs-countries:NorthernIreland 2023-02-01 2024-01-31 NI044292 2022-01-31 NI044292 2023-01-31 NI044292 2022-02-01 2023-01-31 NI044292 frs-core:CurrentFinancialInstruments 2023-01-31 NI044292 frs-core:Non-currentFinancialInstruments 2023-01-31 NI044292 frs-core:ShareCapital 2023-01-31 NI044292 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: NI044292
James Turner Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI044292
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 175 2,650
Tangible Assets 5 37,056 46,320
37,231 48,970
CURRENT ASSETS
Stocks 6 55,564 33,000
Debtors 7 57,847 157,049
Cash at bank and in hand 54,442 57,887
167,853 247,936
Creditors: Amounts Falling Due Within One Year 8 (75,043 ) (109,171 )
NET CURRENT ASSETS (LIABILITIES) 92,810 138,765
TOTAL ASSETS LESS CURRENT LIABILITIES 130,041 187,735
Creditors: Amounts Falling Due After More Than One Year 9 (29,380 ) (38,328 )
NET ASSETS 100,661 149,407
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 99,661 148,407
SHAREHOLDERS' FUNDS 100,661 149,407
Page 1
Page 2
For the year ending 31 January 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 James Turner
Director
16 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
James Turner Engineering Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI044292 . The registered office is 37 The New Road, Hillsborough, Co Down, BT26 6ND.
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 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 20 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 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:
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was  10 (2023: 10)
10 10
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4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 55,000
As at 31 January 2024 55,000
Amortisation
As at 1 February 2023 52,350
Provided during the period 2,475
As at 31 January 2024 54,825
Net Book Value
As at 31 January 2024 175
As at 1 February 2023 2,650
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 61,943 188,008 249,951
As at 31 January 2024 61,943 188,008 249,951
Depreciation
As at 1 February 2023 47,053 156,578 203,631
Provided during the period 2,978 6,286 9,264
As at 31 January 2024 50,031 162,864 212,895
Net Book Value
As at 31 January 2024 11,912 25,144 37,056
As at 1 February 2023 14,890 31,430 46,320
6. Stocks
2024 2023
£ £
Stock 55,564 33,000
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 54,574 154,447
Other debtors 3,273 2,602
57,847 157,049
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,412 47,791
VAT 4,486 31,829
Other creditors 1,540 2,019
Accruals and deferred income 13,715 21,914
Directors' loan accounts 26,890 5,618
75,043 109,171
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,064 34,012
Other grants 4,316 4,316
29,380 38,328
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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