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Registered number: 13020034
JM UPVC LTD
Financial Statements
For The Year Ended 30 November 2024
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of JM UPVC LTD for the year ended 30 November 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of JM UPVC LTD 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 director of JM UPVC LTD , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of JM UPVC LTD and state those matters that we have agreed to state to the director of JM UPVC LTD , 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 JM UPVC LTD and its director as a body for our work or for this report.
It is your duty to ensure that JM UPVC LTD 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 JM UPVC LTD . You consider that JM UPVC LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of JM UPVC LTD . 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
10th March 2025
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Page 1
Page 2
Balance Sheet
Registered number: 13020034
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,561 11,998
9,561 11,998
CURRENT ASSETS
Debtors 5 4,006 4,732
Cash at bank and in hand 13,279 16,238
17,285 20,970
Creditors: Amounts Falling Due Within One Year 6 (51,870 ) (57,033 )
NET CURRENT ASSETS (LIABILITIES) (34,585 ) (36,063 )
TOTAL ASSETS LESS CURRENT LIABILITIES (25,024 ) (24,065 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (1,851 ) (2,280 )
NET LIABILITIES (26,875 ) (26,345 )
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account (26,885 ) (26,355 )
SHAREHOLDERS' FUNDS (26,875) (26,345)
Page 2
Page 3
For the year ending 30 November 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 director acknowledges his 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 Johnathon Mountford
Director
10th March 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
JM UPVC LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13020034 . The registered office is 1 Tape Street, Cheadle, Stoke On Trent, Staffordshire, ST10 1BB.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. 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.
2.4. 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:
Plant & Machinery 25% reducing balance basis
Motor Vehicles 25% reducing balance basis
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2.5. 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.
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: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2023 1,604 20,900 22,504
Additions 818 - 818
As at 30 November 2024 2,422 20,900 23,322
Depreciation
As at 1 December 2023 870 9,636 10,506
Provided during the period 439 2,816 3,255
As at 30 November 2024 1,309 12,452 13,761
Net Book Value
As at 30 November 2024 1,113 8,448 9,561
As at 1 December 2023 734 11,264 11,998
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5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,151 4,732
VAT 497 -
2,648 4,732
Due after more than one year
Other taxes and social security 1,358 -
4,006 4,732
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,432 3,321
VAT - 1,249
Accruals and deferred income 2,038 6,246
Director's loan account 45,400 46,217
51,870 57,033
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,851 2,280
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2023 2,280 2,280
Deferred taxation (429 ) (429 )
Balance at 30 November 2024 1,851 1,851
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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