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 11429096 D Rice C Rice iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11429096 2023-06-30 11429096 2024-06-30 11429096 2023-07-01 2024-06-30 11429096 frs-core:CurrentFinancialInstruments 2024-06-30 11429096 frs-core:ComputerEquipment 2024-06-30 11429096 frs-core:ComputerEquipment 2023-07-01 2024-06-30 11429096 frs-core:ComputerEquipment 2023-06-30 11429096 frs-core:FurnitureFittings 2024-06-30 11429096 frs-core:FurnitureFittings 2023-07-01 2024-06-30 11429096 frs-core:FurnitureFittings 2023-06-30 11429096 frs-core:PlantMachinery 2024-06-30 11429096 frs-core:PlantMachinery 2023-07-01 2024-06-30 11429096 frs-core:PlantMachinery 2023-06-30 11429096 frs-core:ShareCapital 2024-06-30 11429096 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11429096 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11429096 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11429096 frs-bus:SmallEntities 2023-07-01 2024-06-30 11429096 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11429096 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11429096 frs-bus:Director1 2023-07-01 2024-06-30 11429096 frs-bus:Director2 2023-07-01 2024-06-30 11429096 frs-countries:EnglandWales 2023-07-01 2024-06-30 11429096 2022-06-30 11429096 2023-06-30 11429096 2022-07-01 2023-06-30 11429096 frs-core:CurrentFinancialInstruments 2023-06-30 11429096 frs-core:ShareCapital 2023-06-30 11429096 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 11429096
J C Smartbuys Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Directors D Rice
C Rice
Company Number 11429096
Registered Office Unit 8 Wheatcroft Business Park
Landmere Lane
Edwalton
Nottingham
NG12 4DG
Accountants NG Accounting Limited
Unit 8 Wheatcroft Business Park
Landmere Lane
Edwalton
Nottingham
NG12 4DG
Page 1
Page 2
Balance Sheet
Registered number: 11429096
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,595 -
6,595 -
CURRENT ASSETS
Cash at bank and in hand 11,623 100
11,623 100
Creditors: Amounts Falling Due Within One Year 5 (6,041 ) -
NET CURRENT ASSETS (LIABILITIES) 5,582 100
TOTAL ASSETS LESS CURRENT LIABILITIES 12,177 100
NET ASSETS 12,177 100
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 12,077 -
SHAREHOLDERS' FUNDS 12,177 100
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
C Rice
Director
3rd March 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
J C Smartbuys Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11429096 . The registered office is Unit 8 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham, NG12 4DG.
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 comprises revenue earned from the sale of goods. 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.
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:
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Straight-line
Computer Equipment 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 - - - -
Additions 6,000 230 1,727 7,957
As at 30 June 2024 6,000 230 1,727 7,957
Depreciation
As at 1 July 2023 - - - -
Provided during the period 1,015 38 309 1,362
As at 30 June 2024 1,015 38 309 1,362
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 4,985 192 1,418 6,595
As at 1 July 2023 - - - -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 4,218 -
Other taxes and social security 61 -
Other creditors 1,762 -
6,041 -
6. Related Party Transactions
As at 30 June 2024 the busines owed the directors £135 (2023: £nil).
Page 4