Acorah Software Products - Accounts Production 16.1.300 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 02910616 Mr John McGill Pinstripe Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02910616 2023-09-30 02910616 2024-09-30 02910616 2023-10-01 2024-09-30 02910616 frs-core:CurrentFinancialInstruments 2024-09-30 02910616 frs-core:ComputerEquipment 2024-09-30 02910616 frs-core:ComputerEquipment 2023-10-01 2024-09-30 02910616 frs-core:ComputerEquipment 2023-09-30 02910616 frs-core:FurnitureFittings 2024-09-30 02910616 frs-core:FurnitureFittings 2023-10-01 2024-09-30 02910616 frs-core:FurnitureFittings 2023-09-30 02910616 frs-core:MotorVehicles 2023-10-01 2024-09-30 02910616 frs-core:PlantMachinery 2024-09-30 02910616 frs-core:PlantMachinery 2023-10-01 2024-09-30 02910616 frs-core:PlantMachinery 2023-09-30 02910616 frs-core:ShareCapital 2024-09-30 02910616 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 02910616 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02910616 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 02910616 frs-bus:SmallEntities 2023-10-01 2024-09-30 02910616 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02910616 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 02910616 frs-bus:OrdinaryShareClass2 2023-10-01 2024-09-30 02910616 frs-bus:OrdinaryShareClass2 2024-09-30 02910616 frs-bus:OrdinaryShareClass3 2023-10-01 2024-09-30 02910616 frs-bus:OrdinaryShareClass3 2024-09-30 02910616 frs-core:DeferredTaxation 2023-10-01 2024-09-30 02910616 frs-core:DeferredTaxation 2023-09-30 02910616 frs-bus:Director1 2023-10-01 2024-09-30 02910616 frs-bus:Director1 2023-09-30 02910616 frs-bus:Director1 2024-09-30 02910616 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 02910616 frs-countries:EnglandWales 2023-10-01 2024-09-30 02910616 2022-09-30 02910616 2023-09-30 02910616 2022-10-01 2023-09-30 02910616 frs-core:CurrentFinancialInstruments 2023-09-30 02910616 frs-core:ShareCapital 2023-09-30 02910616 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 02910616 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30 02910616 frs-bus:OrdinaryShareClass3 2022-10-01 2023-09-30
Registered number: 02910616
J R McGill (Construction) Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02910616
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,090 1,369
1,090 1,369
CURRENT ASSETS
Debtors 5 11,966 101,756
Cash at bank and in hand 88,357 22,491
100,323 124,247
Creditors: Amounts Falling Due Within One Year 6 (3,855 ) (5,786 )
NET CURRENT ASSETS (LIABILITIES) 96,468 118,461
TOTAL ASSETS LESS CURRENT LIABILITIES 97,558 119,830
PROVISIONS FOR LIABILITIES
Deferred Taxation - (260 )
NET ASSETS 97,558 119,570
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 97,458 119,470
SHAREHOLDERS' FUNDS 97,558 119,570
Page 1
Page 2
For the year ending 30 September 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 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 John McGill
Director
30 January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
J R McGill (Construction) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02910616 . The registered office is 39 Alma Vale Road, Clifton, Bristol, BS8 2HL.
The presentation currency of the financial statements is the Pound Sterling (£)
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. Going Concern Disclosure
The financial statements have been prepared on the going concern basis on the grounds that the shareholders will continue to provide financial support.
2.3. Turnover
Turnover, which is stated net of Value Added Tax, represents the value of services provided to third parties including long-term contract work in progress where turnover represents sales value of work done in the year including amounts not invoiced.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses
Depreciation is provided at following annual rates in order to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.6. Stock and long term contracts
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.
Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
The average number of employees, including directors, during the year was 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 338 900 4,495 5,733
Additions - - 541 541
As at 30 September 2024 338 900 5,036 6,274
Depreciation
As at 1 October 2023 338 900 3,126 4,364
Provided during the period - - 820 820
As at 30 September 2024 338 900 3,946 5,184
Net Book Value
As at 30 September 2024 - - 1,090 1,090
As at 1 October 2023 - - 1,369 1,369
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,605 93,057
Other debtors 4,361 8,699
11,966 101,756
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,368 3,309
Other creditors 2,478 2,402
Taxation and social security 9 75
3,855 5,786
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2023 260 260
Deferred taxation (260 ) (260 )
The provision for deferred taxation is made up of accelerated capital allowances.
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
75 Ordinary A shares of £ 1.000 each 75 75
25 Ordinary B shares of £ 1.000 each 25 25
100 100
Page 5
Page 6
9. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the financial year were as follows:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr John McGill 4,220 2,464 (6,000 ) - 684
Other than movements on the directors' loan accounts with the company, there were no other advances, credits and guarantees with the directors during the accounting period.
These loans are unsecured, interest free and repayable on demand.
The above loan was repaid on 30th January 2025.
10. Related Party Transactions
J R McGill, director, has ultimate control of the company by virtue of his shareholding.
Mr J R McGill is a director and shareholder of Moorpoint Limited. The company traded with Moorpoint Limited during the accounting period generating sales transactions amounting to £14,031 (2023: £28,091) net of Value Added Tax.
Mr J R McGill is a director and shareholder of McGill Estates Limited. The company traded with McGill Estates Limited during the accounting period generating sales transactions amounting to £640 (2023: £0) net of Value Added Tax and purchase transactions amount to £6,600 (2023: £4,400) net of Value Added Tax.
Mr J R McGill is a director and shareholder of John R McGill Limited. The company traded with John R McGill Limited during the accounting period generating sales transactions amounting to £6,948 (2023: £79,114) net of Value Added Tax.
Mr J R McGill is a proprietor of Property Solutions. The company traded with Property Solutions during the accounting period generating sales transactions amounting to £3,424 (2023: £3,424) net of Value Added Tax and purchase transactions amount to £3,616 (2023: £2,000) net of Value Added Tax.
All transactions were undertaken at arms length.
The company's bank overdraft facility is personally guaranteed by the director.
Page 6