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 NI001398 Mrs Anna Mathers Mr Andrew Mathers Mr John Mathers Miss Rachel Mathers Mrs Ruth Toms Mr Alan Woods Mrs Anna Mathers Mrs Anna Mathers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI001398 2023-05-31 NI001398 2024-05-31 NI001398 2023-06-01 2024-05-31 NI001398 frs-core:FurnitureFittings 2023-06-01 2024-05-31 NI001398 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 NI001398 frs-core:RevaluationReserve 2023-05-31 NI001398 frs-core:RevaluationReserve 2024-05-31 NI001398 frs-core:ShareCapital 2024-05-31 NI001398 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI001398 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 NI001398 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 NI001398 frs-bus:SmallEntities 2023-06-01 2024-05-31 NI001398 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 NI001398 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 NI001398 frs-bus:Director1 2023-06-01 2024-05-31 NI001398 frs-bus:Director2 2023-06-01 2024-05-31 NI001398 frs-bus:Director3 2023-06-01 2024-05-31 NI001398 frs-bus:Director4 2023-06-01 2024-05-31 NI001398 frs-bus:Director5 2023-06-01 2024-05-31 NI001398 frs-bus:Director6 2023-06-01 2024-05-31 NI001398 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 NI001398 frs-bus:CompanySecretary2 2023-06-01 2024-05-31 NI001398 frs-countries:NorthernIreland 2023-06-01 2024-05-31 NI001398 2022-05-31 NI001398 2023-05-31 NI001398 2022-06-01 2023-05-31 NI001398 frs-core:RevaluationReserve 2023-05-31 NI001398 frs-core:ShareCapital 2023-05-31 NI001398 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: NI001398
J.A. Woodside & Co Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
MMC Ltd
Moorefield
Lurgan
CRAIGAVON
Armagh
BT66 7NJ
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: NI001398
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 934,597 934,597
934,597 934,597
CURRENT ASSETS
Debtors 27,593 44,905
Cash at bank and in hand 123,088 46,650
150,681 91,555
Creditors: Amounts Falling Due Within One Year (20,757 ) (23,126 )
NET CURRENT ASSETS (LIABILITIES) 129,924 68,429
TOTAL ASSETS LESS CURRENT LIABILITIES 1,064,521 1,003,026
NET ASSETS 1,064,521 1,003,026
CAPITAL AND RESERVES
Called up share capital 5 5,500 5,500
Revaluation reserve 6 183,219 183,219
Profit and Loss Account 875,802 814,307
SHAREHOLDERS' FUNDS 1,064,521 1,003,026
Page 1
Page 2
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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr John Mathers
Director
14/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
J.A. Woodside & Co Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI001398 . The registered office is 78 Drumlin Road, Donaghcloney, Craigavon, BT66 7NJ.
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. 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 Nil
Fixtures & Fittings 20% straight line basis
2.3. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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. Tangible Assets
Total
£
Cost
As at 1 June 2023 1,337,070
As at 31 May 2024 1,337,070
Depreciation
As at 1 June 2023 402,473
As at 31 May 2024 402,473
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 May 2024 934,597
As at 1 June 2023 934,597
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,500 5,500
6. Reserves
Revaluation Reserve
£
As at 1 June 2023 183,219
As at 31 May 2024 183,219
Page 4