Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 June 2024 30 June 2024 02034859 Mr D A Jeavons Mr B J Jeavons Miss K J Plant Mrs D A Jeavons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02034859 2023-11-30 02034859 2024-06-30 02034859 2023-12-01 2024-06-30 02034859 frs-core:CurrentFinancialInstruments 2024-06-30 02034859 frs-core:Non-currentFinancialInstruments 2024-06-30 02034859 frs-core:BetweenOneFiveYears 2024-06-30 02034859 frs-core:ComputerEquipment 2024-06-30 02034859 frs-core:ComputerEquipment 2023-12-01 2024-06-30 02034859 frs-core:ComputerEquipment 2023-11-30 02034859 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-01 2024-06-30 02034859 frs-core:FurnitureFittings 2024-06-30 02034859 frs-core:FurnitureFittings 2023-12-01 2024-06-30 02034859 frs-core:FurnitureFittings 2023-11-30 02034859 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 02034859 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-06-30 02034859 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 02034859 frs-core:MotorVehicles 2024-06-30 02034859 frs-core:MotorVehicles 2023-12-01 2024-06-30 02034859 frs-core:MotorVehicles 2023-11-30 02034859 frs-core:OtherResidualIntangibleAssets 2024-06-30 02034859 frs-core:OtherResidualIntangibleAssets 2023-12-01 2024-06-30 02034859 frs-core:OtherResidualIntangibleAssets 2023-11-30 02034859 frs-core:PlantMachinery 2024-06-30 02034859 frs-core:PlantMachinery 2023-12-01 2024-06-30 02034859 frs-core:PlantMachinery 2023-11-30 02034859 frs-core:WithinOneYear 2024-06-30 02034859 frs-core:SharePremium 2024-06-30 02034859 frs-core:ShareCapital 2024-06-30 02034859 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02034859 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-06-30 02034859 frs-bus:FilletedAccounts 2023-12-01 2024-06-30 02034859 frs-bus:SmallEntities 2023-12-01 2024-06-30 02034859 frs-bus:AuditExemptWithAccountantsReport 2023-12-01 2024-06-30 02034859 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-06-30 02034859 frs-bus:OrdinaryShareClass2 2023-12-01 2024-06-30 02034859 frs-bus:OrdinaryShareClass2 2024-06-30 02034859 frs-bus:OrdinaryShareClass3 2023-12-01 2024-06-30 02034859 frs-bus:OrdinaryShareClass3 2024-06-30 02034859 frs-bus:Director1 2023-12-01 2024-06-30 02034859 frs-bus:Director1 2023-11-30 02034859 frs-bus:Director1 2024-06-30 02034859 frs-bus:Director2 2023-12-01 2024-06-30 02034859 frs-bus:Director3 2023-12-01 2024-06-30 02034859 frs-bus:Director4 2023-12-01 2024-06-30 02034859 frs-countries:EnglandWales 2023-12-01 2024-06-30 02034859 2022-11-30 02034859 2023-11-30 02034859 2022-12-01 2023-11-30 02034859 frs-core:CurrentFinancialInstruments 2023-11-30 02034859 frs-core:Non-currentFinancialInstruments 2023-11-30 02034859 frs-core:BetweenOneFiveYears 2023-11-30 02034859 frs-core:MotorVehicles 2022-12-01 2023-11-30 02034859 frs-core:PlantMachinery 2022-12-01 2023-11-30 02034859 frs-core:WithinOneYear 2023-11-30 02034859 frs-core:SharePremium 2023-11-30 02034859 frs-core:ShareCapital 2023-11-30 02034859 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 02034859 frs-bus:OrdinaryShareClass2 2022-12-01 2023-11-30 02034859 frs-bus:OrdinaryShareClass3 2022-12-01 2023-11-30
Registered number: 02034859
Jeavons Eurotir Limited
Unaudited Financial Statements
For the Period 1 December 2023 to 30 June 2024
Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
B90 3LU
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Jeavons Eurotir Limited for the period 1 December 2023 to 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jeavons Eurotir Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Jeavons Eurotir Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Jeavons Eurotir Limited and state those matters that we have agreed to state to the directors of Jeavons Eurotir Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jeavons Eurotir Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Jeavons Eurotir Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Jeavons Eurotir Limited . You consider that Jeavons Eurotir Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Jeavons Eurotir Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
21 February 2025
Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
B90 3LU
Page 1
Page 2
Balance Sheet
Registered number: 02034859
30 June 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 46,968 48,508
Tangible Assets 5 2,415,678 2,367,046
2,462,646 2,415,554
CURRENT ASSETS
Stocks 6 95,000 150,000
Debtors 7 1,162,488 1,082,041
Cash at bank and in hand 75,321 108,905
1,332,809 1,340,946
Creditors: Amounts Falling Due Within One Year 8 (2,187,817 ) (2,024,539 )
NET CURRENT ASSETS (LIABILITIES) (855,008 ) (683,593 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,607,638 1,731,961
Creditors: Amounts Falling Due After More Than One Year 9 (344,984 ) (523,742 )
NET ASSETS 1,262,654 1,208,219
CAPITAL AND RESERVES
Called up share capital 12 200 200
Share premium account 179,527 179,527
Profit and Loss Account 1,082,927 1,028,492
SHAREHOLDERS' FUNDS 1,262,654 1,208,219
Page 2
Page 3
For the period 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.
The financial statements were approved by the board of directors on 21 February 2025 and were signed on its behalf by:
Mr D A Jeavons
Director
Mr B J Jeavons
Director
Miss K J Plant
Director
Mrs D A Jeavons
Director
21 February 2025
The notes on pages 4 to 8 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Jeavons Eurotir Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02034859 . The registered office is Unit 4 Seeleys Park Seeleys Road, Tyseley, Birmingham, West Midlands, B11 2LR.
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. 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 - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Computer software is being amortised evenly over its estimated useful life of ten years.
Website has been amortised evenly over its estimated useful life of three 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:
Leasehold 5% on reducing balance
Plant & Machinery 10% on reducing balance and 10% on cost
Motor Vehicles 10% on reducing balance and 10% on cost
Fixtures & Fittings 15% and 5% on red. bal., and 10% and 15% on cost
Computer Equipment 15% on reducing balance
2.5. 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.
2.6. 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.
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2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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.
No provision for deferred taxation has been made by the company.
If provision were to be made for deferred taxation on the basis of the full potential liability, the total provision would be £415,503 (2023: £531,901) and the tax charge for the year would decrease by £(116,519) (2023: £151,451).
3. Average Number of Employees
Average number of employees, including directors, during the period was: 52 (2023: 59)
52 59
4. Intangible Assets
Other
£
Cost
As at 1 December 2023 122,247
Additions 6,000
As at 30 June 2024 128,247
Amortisation
As at 1 December 2023 73,739
Provided during the period 7,540
As at 30 June 2024 81,279
Net Book Value
As at 30 June 2024 46,968
As at 1 December 2023 48,508
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2023 111,012 1,122,767 2,054,098 150,064
Additions - 62,550 131,000 -
Disposals - (18,600 ) - -
As at 30 June 2024 111,012 1,166,717 2,185,098 150,064
...CONTINUED
Page 5
Page 6
Depreciation
As at 1 December 2023 12,204 479,298 563,843 37,661
Provided during the period 2,882 39,385 88,117 10,033
Disposals - (15,489 ) - -
As at 30 June 2024 15,086 503,194 651,960 47,694
Net Book Value
As at 30 June 2024 95,926 663,523 1,533,138 102,370
As at 1 December 2023 98,808 643,469 1,490,255 112,403
Computer Equipment Total
£ £
Cost
As at 1 December 2023 38,823 3,476,764
Additions 560 194,110
Disposals - (18,600 )
As at 30 June 2024 39,383 3,652,274
Depreciation
As at 1 December 2023 16,712 1,109,718
Provided during the period 1,950 142,367
Disposals - (15,489 )
As at 30 June 2024 18,662 1,236,596
Net Book Value
As at 30 June 2024 20,721 2,415,678
As at 1 December 2023 22,111 2,367,046
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
30 June 2024 30 November 2023
£ £
Plant & Machinery 172,398 233,192
Motor Vehicles 1,323,007 1,321,605
1,495,405 1,554,797
6. Stocks
30 June 2024 30 November 2023
£ £
Stock 95,000 150,000
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7. Debtors
30 June 2024 30 November 2023
£ £
Due within one year
Trade debtors 1,056,951 869,599
Other debtors 105,537 212,442
1,162,488 1,082,041
Of the trade debtors, £902,774 (2023: £772,416) are subject to financing arrangements.
8. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts 398,502 543,112
Trade creditors 836,829 620,726
Other loans 68,981 23,222
Other creditors 730,537 751,862
Taxation and social security 152,968 85,617
2,187,817 2,024,539
9. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts 344,984 523,742
10. Secured Creditors
Of the creditors the following amounts are secured.
The hire purchase contracts and finance leases are secured on the assets to which they relate and the amounts owed to factor (contained in other creditors) are secured on the trade debtors which are subject to the financing arrangement.
30 June 2024 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts 808,607 1,066,854
Other Creditors 692,102 716,909
11. Obligations Under Finance Leases and Hire Purchase
30 June 2024 30 November 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 398,502 543,112
Later than one year and not later than five years 344,984 523,742
743,486 1,066,854
743,486 1,066,854
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12. Share Capital
30 June 2024 30 November 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1 each 100 100
100 Ordinary B shares of £ 1 each 100 100
200 200
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Darren Jeavons - 10,000 - - 10,000
The above loan is unsecured and interest-free. It was repaid on 31 January 2025.
14. Related Party Transactions
During the year, total dividends of £48,018 (2023: £146,346) were paid to the directors.
A director of the company has guaranteed the overdraft of the company up to a limit of £50,000.
Page 8