Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05813751 Mr John o Leary Mr Peter Hayes Mrs Katharine Hayes Mrs Katharine Hayes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05813751 2023-08-31 05813751 2024-08-31 05813751 2023-09-01 2024-08-31 05813751 frs-core:CurrentFinancialInstruments 2024-08-31 05813751 frs-core:Non-currentFinancialInstruments 2024-08-31 05813751 frs-core:FurnitureFittings 2024-08-31 05813751 frs-core:FurnitureFittings 2023-09-01 2024-08-31 05813751 frs-core:FurnitureFittings 2023-08-31 05813751 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 05813751 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 05813751 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 05813751 frs-core:ShareCapital 2024-08-31 05813751 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05813751 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05813751 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05813751 frs-bus:SmallEntities 2023-09-01 2024-08-31 05813751 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05813751 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05813751 frs-bus:Director1 2023-09-01 2024-08-31 05813751 frs-bus:Director1 2023-08-31 05813751 frs-bus:Director1 2024-08-31 05813751 frs-bus:Director2 2023-09-01 2024-08-31 05813751 frs-bus:Director2 2023-08-31 05813751 frs-bus:Director2 2024-08-31 05813751 frs-bus:Director3 2023-09-01 2024-08-31 05813751 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 05813751 frs-core:CurrentFinancialInstruments 1 2024-08-31 05813751 frs-countries:EnglandWales 2023-09-01 2024-08-31 05813751 2022-08-31 05813751 2023-08-31 05813751 2022-09-01 2023-08-31 05813751 frs-core:CurrentFinancialInstruments 2023-08-31 05813751 frs-core:Non-currentFinancialInstruments 2023-08-31 05813751 frs-core:ShareCapital 2023-08-31 05813751 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 05813751 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: 05813751
IJ Tours Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
TaxAssist Accountants Bolton
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05813751
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,478 24,275
19,478 24,275
CURRENT ASSETS
Stocks 5 1,000 4,909
Debtors 6 67,710 40,988
Cash at bank and in hand 410,785 368,286
479,495 414,183
Creditors: Amounts Falling Due Within One Year 7 (244,942 ) (271,866 )
NET CURRENT ASSETS (LIABILITIES) 234,553 142,317
TOTAL ASSETS LESS CURRENT LIABILITIES 254,031 166,592
Creditors: Amounts Falling Due After More Than One Year 8 (17,500 ) (27,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,968 ) (3,687 )
NET ASSETS 233,563 135,405
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 233,463 135,305
SHAREHOLDERS' FUNDS 233,563 135,405
Page 1
Page 2
For the year ending 31 August 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 John o Leary
Director
Mr Peter Hayes
Director
24/01/2025
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
IJ Tours Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05813751 . The registered office is 5th Floor, Arthur House, 13-15 Chorlton Street, Manchester, M1 3FH.
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:
Leasehold straight line over 5 years
Fixtures & Fittings 25% 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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 40 (2023: 40)
40 40
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 59,568 75,680 135,248
Additions - 1,696 1,696
As at 31 August 2024 59,568 77,376 136,944
Depreciation
As at 1 September 2023 52,688 58,285 110,973
Provided during the period 1,720 4,773 6,493
As at 31 August 2024 54,408 63,058 117,466
Net Book Value
As at 31 August 2024 5,160 14,318 19,478
As at 1 September 2023 6,880 17,395 24,275
5. Stocks
2024 2023
£ £
Finished goods 1,000 4,909
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 58,135 32,727
Other debtors 5,761 5,761
VAT 1,661 -
Directors' loan accounts 2,153 2,500
67,710 40,988
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,963 11,975
Bank loans and overdrafts 1,197 463
Corporation tax 66,165 35,272
Other taxes and social security 18,001 8,735
VAT - 4,757
Other creditors 1,933 1,029
Other creditors (1) 12,881 11,224
Accruals and deferred income 140,802 198,293
Directors' loan accounts - 118
244,942 271,866
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,500 27,500
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr John o Leary 2,500 - 2,500 - -
Mr Peter Hayes - 2,153 - - 2,153
The above loan is unsecured, interest free and repayable on demand.
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