Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 02562573 Mr Trevor Jacobs Mr Steven Lloyd Mrs Mary Jacobs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02562573 2023-07-31 02562573 2024-07-31 02562573 2023-08-01 2024-07-31 02562573 frs-core:CurrentFinancialInstruments 2024-07-31 02562573 frs-core:ComputerEquipment 2024-07-31 02562573 frs-core:ComputerEquipment 2023-08-01 2024-07-31 02562573 frs-core:ComputerEquipment 2023-07-31 02562573 frs-core:MotorVehicles 2024-07-31 02562573 frs-core:MotorVehicles 2023-08-01 2024-07-31 02562573 frs-core:MotorVehicles 2023-07-31 02562573 frs-core:ShareCapital 2024-07-31 02562573 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 02562573 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02562573 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 02562573 frs-bus:SmallEntities 2023-08-01 2024-07-31 02562573 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02562573 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 02562573 frs-bus:Director1 2023-08-01 2024-07-31 02562573 frs-bus:Director1 2023-07-31 02562573 frs-bus:Director1 2024-07-31 02562573 frs-bus:Director2 2023-08-01 2024-07-31 02562573 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 02562573 frs-countries:EnglandWales 2023-08-01 2024-07-31 02562573 2022-07-31 02562573 2023-07-31 02562573 2022-08-01 2023-07-31 02562573 frs-core:CurrentFinancialInstruments 2023-07-31 02562573 frs-core:ShareCapital 2023-07-31 02562573 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 02562573
Jacobs Construction Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02562573
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 532,661 270,614
532,661 270,614
CURRENT ASSETS
Stocks 5 65,000 45,000
Debtors 6 523,374 892,400
Cash at bank and in hand 1,538,813 1,601,472
2,127,187 2,538,872
Creditors: Amounts Falling Due Within One Year 7 (822,555 ) (1,147,656 )
NET CURRENT ASSETS (LIABILITIES) 1,304,632 1,391,216
TOTAL ASSETS LESS CURRENT LIABILITIES 1,837,293 1,661,830
PROVISIONS FOR LIABILITIES
Provisions For Charges (82,264 ) (116,472 )
Deferred Taxation (63,962 ) (41,227 )
NET ASSETS 1,691,067 1,504,131
CAPITAL AND RESERVES
Called up share capital 9 106 105
Profit and Loss Account 1,690,961 1,504,026
SHAREHOLDERS' FUNDS 1,691,067 1,504,131
Page 1
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 Steven Lloyd
Director
7 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jacobs Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02562573 . The registered office is 10 Downley Road, Havant, Hampshire, PO9 2NP.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements,
estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income, and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if the revision affects only that period or in the period of
the revision and future periods if the revision affects both current and future periods.
2.3. 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. 
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.
2.4. 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:
Motor Vehicles 20% RB
Computer Equipment 33% SL
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.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 14 (2023: 14)
14 14
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 372,316 4,513 376,829
Additions 394,322 1,705 396,027
Disposals (139,838 ) - (139,838 )
As at 31 July 2024 626,800 6,218 633,018
Depreciation
As at 1 August 2023 105,463 752 106,215
Provided during the period 48,791 1,864 50,655
Disposals (56,513 ) - (56,513 )
As at 31 July 2024 97,741 2,616 100,357
Net Book Value
As at 31 July 2024 529,059 3,602 532,661
As at 1 August 2023 266,853 3,761 270,614
5. Stocks
2024 2023
£ £
Work in progress 65,000 45,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 483,178 827,669
Amounts owed by group undertakings 15,836 15,836
Other debtors 24,360 48,895
523,374 892,400
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 96,679 183,804
Amounts owed to group undertakings 413,844 498,264
Other creditors 57,673 85,305
Taxation and social security 254,359 380,283
822,555 1,147,656
8. Secured Creditors
The company has an unlimited debenture in the banks standard form dated 2 May 1991.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 106 105
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Steven Lloyd (199 ) 90,632 91,312 - 879
The above loan is unsecured, interest free and repayable on demand.
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