Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC480068 Mrs Julie McDuff Mr Vincent McDuff true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC480068 2023-06-30 SC480068 2024-06-30 SC480068 2023-07-01 2024-06-30 SC480068 frs-core:CurrentFinancialInstruments 2024-06-30 SC480068 frs-core:Non-currentFinancialInstruments 2024-06-30 SC480068 frs-core:ComputerEquipment 2024-06-30 SC480068 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC480068 frs-core:ComputerEquipment 2023-06-30 SC480068 frs-core:MotorVehicles 2024-06-30 SC480068 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC480068 frs-core:MotorVehicles 2023-06-30 SC480068 frs-core:PlantMachinery 2024-06-30 SC480068 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC480068 frs-core:PlantMachinery 2023-06-30 SC480068 frs-core:ShareCapital 2024-06-30 SC480068 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC480068 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC480068 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC480068 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC480068 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC480068 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC480068 1 2023-07-01 2024-06-30 SC480068 frs-core:DeferredTaxation 2023-07-01 2024-06-30 SC480068 frs-core:DeferredTaxation 2023-06-30 SC480068 frs-core:DeferredTaxation 2024-06-30 SC480068 frs-bus:Director1 2023-07-01 2024-06-30 SC480068 frs-bus:Director2 2023-07-01 2024-06-30 SC480068 frs-countries:Scotland 2023-07-01 2024-06-30 SC480068 2022-06-30 SC480068 2023-06-30 SC480068 2022-07-01 2023-06-30 SC480068 frs-core:CurrentFinancialInstruments 2023-06-30 SC480068 frs-core:Non-currentFinancialInstruments 2023-06-30 SC480068 frs-core:ShareCapital 2023-06-30 SC480068 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC480068
JVM Property Services Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Calculus Accountants (Scotland) Ltd
10 Avonhead Road
Condorrat
Glasgow
G67 4RA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC480068
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,819 3,689
2,819 3,689
CURRENT ASSETS
Stocks 5 2,870 2,669
Debtors 6 2,272 1,819
Cash at bank and in hand 7,195 4,736
12,337 9,224
Creditors: Amounts Falling Due Within One Year 7 (10,840 ) (6,385 )
NET CURRENT ASSETS (LIABILITIES) 1,497 2,839
TOTAL ASSETS LESS CURRENT LIABILITIES 4,316 6,528
Creditors: Amounts Falling Due After More Than One Year 8 (3,536 ) (7,336 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (705 ) (701 )
NET ASSETS/(LIABILITIES) 75 (1,509 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (25 ) (1,609 )
SHAREHOLDERS' FUNDS 75 (1,509)
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For the year ending 30 June 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 Vincent McDuff
Director
14/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
JVM Property Services Limited Registered number SC480068 is a limited by shares company incorporated in Scotland. The Registered Office is 15 Middlerigg Road, Balloch, Cumbernauld, Glasgow, G68 9DP.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts, where relevant.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 basis:
Plant & Machinery 25% - Reducing balance basis
Motor Vehicles 25% - Reducing balance basis
Computer Equipment 20% - Reducing balance basis
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. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. 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
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 3,085 1,795 2,527 7,407
As at 30 June 2024 3,085 1,795 2,527 7,407
Depreciation
As at 1 July 2023 771 1,467 1,480 3,718
Provided during the period 579 82 209 870
As at 30 June 2024 1,350 1,549 1,689 4,588
Net Book Value
As at 30 June 2024 1,735 246 838 2,819
As at 1 July 2023 2,314 328 1,047 3,689
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5. Stocks
2024 2023
£ £
Materials 1,050 985
Work in progress 1,820 1,684
2,870 2,669
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,377 1,694
Prepayments and accrued income 895 112
PAYE and NIC - 13
2,272 1,819
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,200 898
Bank loans and overdrafts 3,800 3,800
Corporation tax 889 109
PAYE and NIC 4 -
Subcontractors CIS tax deductions 690 448
Accrued charges 1,516 672
Directors' loan accounts 2,741 458
10,840 6,385
The directors loan accounts are unsecured, interest free and have no fixed terms of repayment.
The bank loan was obtained in terms of the Bounce Back Loan Scheme following the Covid19 pandemic in May 2020 and is accordance with the terms thereof.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,536 7,336
The bank loan was obtained in terms of the Bounce Back Loan Scheme following the Covid19 pandemic in May 2020 and is accordance with the terms thereof.
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2024 2023
£ £
Other timing differences 705 701
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10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2023 701 701
Additions 4 4
Balance at 30 June 2024 705 705
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Ultimate Controlling Party
The company's ultimate controlling party is the director Mrs Julie McDuff by virtue of her ownership of 75% of the issued share capital in the company.
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