Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 SC636058 Mr Peter Joyce Mrs Margaret Joyce Mr Rory Joyce iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC636058 2023-07-31 SC636058 2024-07-31 SC636058 2023-08-01 2024-07-31 SC636058 frs-core:Non-currentFinancialInstruments 2024-07-31 SC636058 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC636058 frs-core:NetGoodwill 2023-08-01 2024-07-31 SC636058 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC636058 frs-core:MotorVehicles 2023-08-01 2024-07-31 SC636058 frs-core:PlantMachinery 2023-08-01 2024-07-31 SC636058 frs-core:ShareCapital 2024-07-31 SC636058 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC636058 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC636058 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC636058 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC636058 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC636058 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC636058 frs-bus:Director1 2023-08-01 2024-07-31 SC636058 frs-bus:Director2 2023-08-01 2024-07-31 SC636058 frs-bus:Director3 2023-08-01 2024-07-31 SC636058 frs-countries:Scotland 2023-08-01 2024-07-31 SC636058 2022-07-31 SC636058 2023-07-31 SC636058 2022-08-01 2023-07-31 SC636058 frs-core:Non-currentFinancialInstruments 2023-07-31 SC636058 frs-core:ShareCapital 2023-07-31 SC636058 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: SC636058
Peter Joyce & Son Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
C.I.K. Accounting Solutions
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC636058
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets - 2,400
Tangible Assets 223,488 45,191
223,488 47,591
CURRENT ASSETS
Stocks 66,314 22,732
Debtors 80,984 142,133
Cash at bank and in hand 84,987 94,372
232,285 259,237
Creditors: Amounts Falling Due Within One Year (273,103 ) (165,023 )
NET CURRENT ASSETS (LIABILITIES) (40,818 ) 94,214
TOTAL ASSETS LESS CURRENT LIABILITIES 182,670 141,805
Creditors: Amounts Falling Due After More Than One Year (8,333 ) (18,333 )
NET ASSETS 174,337 123,472
CAPITAL AND RESERVES
Called up share capital 4 180 180
Profit and Loss Account 174,157 123,292
SHAREHOLDERS' FUNDS 174,337 123,472
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Page 2
For the year ending 31 July 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 Peter Joyce
Director
14/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Peter Joyce & Son Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC636058 . The registered office is 16 South Quarry View, Gorebridge, Midlothian, EH23 4GT.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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
Plant & Machinery 20% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 33% Straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 1 1
Manufacturing 18 14
20 16
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4. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 180 180
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