Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 04528021 Mr B R Jordan Mr P R Coulby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04528021 2023-10-31 04528021 2024-10-31 04528021 2023-11-01 2024-10-31 04528021 frs-core:CurrentFinancialInstruments 2024-10-31 04528021 frs-core:Non-currentFinancialInstruments 2024-10-31 04528021 frs-core:BetweenOneFiveYears 2024-10-31 04528021 frs-core:FurnitureFittings 2024-10-31 04528021 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04528021 frs-core:FurnitureFittings 2023-10-31 04528021 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 04528021 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04528021 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 04528021 frs-core:MotorVehicles 2024-10-31 04528021 frs-core:MotorVehicles 2023-11-01 2024-10-31 04528021 frs-core:MotorVehicles 2023-10-31 04528021 frs-core:PlantMachinery 2024-10-31 04528021 frs-core:PlantMachinery 2023-11-01 2024-10-31 04528021 frs-core:PlantMachinery 2023-10-31 04528021 frs-core:WithinOneYear 2024-10-31 04528021 frs-core:ShareCapital 2024-10-31 04528021 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04528021 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04528021 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04528021 frs-bus:SmallEntities 2023-11-01 2024-10-31 04528021 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04528021 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04528021 frs-core:ListedExchangeTraded 2024-10-31 04528021 frs-core:ListedExchangeTraded 2023-10-31 04528021 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-10-31 04528021 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-10-31 04528021 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-10-31 04528021 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-10-31 04528021 frs-bus:Director1 2023-11-01 2024-10-31 04528021 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04528021 frs-countries:EnglandWales 2023-11-01 2024-10-31 04528021 2022-10-31 04528021 2023-10-31 04528021 2022-11-01 2023-10-31 04528021 frs-core:CurrentFinancialInstruments 2023-10-31 04528021 frs-core:Non-currentFinancialInstruments 2023-10-31 04528021 frs-core:BetweenOneFiveYears 2023-10-31 04528021 frs-core:WithinOneYear 2023-10-31 04528021 frs-core:ShareCapital 2023-10-31 04528021 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04528021 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 04528021
Jordan Road Surfacing Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04528021
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,467,859 2,613,593
Investments 5 320,000 320,000
2,787,859 2,933,593
CURRENT ASSETS
Stocks 6 128,874 82,874
Debtors 7 2,073,709 2,373,600
Cash at bank and in hand 312,485 17,244
2,515,068 2,473,718
Creditors: Amounts Falling Due Within One Year 8 (1,606,318 ) (1,863,587 )
NET CURRENT ASSETS (LIABILITIES) 908,750 610,131
TOTAL ASSETS LESS CURRENT LIABILITIES 3,696,609 3,543,724
Creditors: Amounts Falling Due After More Than One Year 9 (860,173 ) (1,251,128 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (360,149 ) (389,296 )
NET ASSETS 2,476,287 1,903,300
CAPITAL AND RESERVES
Called up share capital 11 250 250
Profit and Loss Account 2,476,037 1,903,050
SHAREHOLDERS' FUNDS 2,476,287 1,903,300
Page 1
Page 2
For the year ending 31 October 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 B R Jordan
Director
22 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
Jordan Road Surfacing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04528021 . The registered office is 550 Valley Road, Basford, Nottingham, NG5 1JJ.
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:
Freehold None
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
2.4. 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.
2.5. 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.
Page 3
Page 4
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2023: 35)
30 35
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 November 2023 170,078 2,982,716 1,363,126 47,194 4,563,114
Additions - 176,091 148,000 548 324,639
Disposals - (117,245 ) (54,495 ) - (171,740 )
As at 31 October 2024 170,078 3,041,562 1,456,631 47,742 4,716,013
Depreciation
As at 1 November 2023 - 1,087,523 836,822 25,176 1,949,521
Provided during the period - 217,039 107,347 1,095 325,481
Disposals - (26,848 ) - - (26,848 )
As at 31 October 2024 - 1,277,714 944,169 26,271 2,248,154
Net Book Value
As at 31 October 2024 170,078 1,763,848 512,462 21,471 2,467,859
As at 1 November 2023 170,078 1,895,193 526,304 22,018 2,613,593
5. Investments
Listed
£
Cost
As at 1 November 2023 320,000
As at 31 October 2024 320,000
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 320,000
As at 1 November 2023 320,000
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 128,874 82,874
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,443,226 1,548,526
Prepayments and accrued income 537,703 604,414
Other debtors 92,780 93,876
Other debtors (1) - 113,224
VAT - 13,560
2,073,709 2,373,600
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 488,421 526,377
Trade creditors 838,435 873,508
Bank loans and overdrafts 50,000 63,328
Other taxes and social security 84,714 86,408
VAT 43,529 -
Other creditors 71,614 65,326
Accruals and deferred income 29,605 248,640
1,606,318 1,863,587
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 826,839 1,167,794
Bank loans 33,334 83,334
860,173 1,251,128
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 488,421 526,377
Later than one year and not later than five years 826,839 1,167,794
1,315,260 1,694,171
1,315,260 1,694,171
Page 5
Page 6
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 250 250
Page 6