Acorah Software Products - Accounts Production 16.2.800 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 07538355 Mr Mark Wyer Mr Michael Smithson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07538355 2024-02-29 07538355 2025-02-28 07538355 2024-03-01 2025-02-28 07538355 frs-core:CurrentFinancialInstruments 2025-02-28 07538355 frs-core:ComputerEquipment 2025-02-28 07538355 frs-core:ComputerEquipment 2024-03-01 2025-02-28 07538355 frs-core:ComputerEquipment 2024-02-29 07538355 frs-core:NetGoodwill 2025-02-28 07538355 frs-core:NetGoodwill 2024-03-01 2025-02-28 07538355 frs-core:NetGoodwill 2024-02-29 07538355 frs-core:PlantMachinery 2025-02-28 07538355 frs-core:PlantMachinery 2024-03-01 2025-02-28 07538355 frs-core:PlantMachinery 2024-02-29 07538355 frs-core:ShareCapital 2025-02-28 07538355 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 07538355 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07538355 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 07538355 frs-bus:SmallEntities 2024-03-01 2025-02-28 07538355 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 07538355 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 07538355 frs-bus:Director1 2024-03-01 2025-02-28 07538355 frs-bus:Director2 2024-03-01 2025-02-28 07538355 frs-countries:EnglandWales 2024-03-01 2025-02-28 07538355 2023-02-28 07538355 2024-02-29 07538355 2023-03-01 2024-02-29 07538355 frs-core:CurrentFinancialInstruments 2024-02-29 07538355 frs-core:ShareCapital 2024-02-29 07538355 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Charles Johnson Limited
Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07538355
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 48,201 34,653
48,201 34,653
CURRENT ASSETS
Stocks 6 51,377 55,419
Debtors 7 88,522 72,245
Cash at bank and in hand 215,128 235,388
355,027 363,052
Creditors: Amounts Falling Due Within One Year 8 (185,470 ) (192,955 )
NET CURRENT ASSETS (LIABILITIES) 169,557 170,097
TOTAL ASSETS LESS CURRENT LIABILITIES 217,758 204,750
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,992 ) (7,928 )
NET ASSETS 207,766 196,822
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 207,764 196,820
SHAREHOLDERS' FUNDS 207,766 196,822
Page 1
Page 2
For the year ending 28 February 2025 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 Mark Wyer
Director
2nd April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Charles Johnson Limited Registered number 07538355 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 3 Beech Drive, Mile Cross Lane, Norwich, Norfolk, NR6 6RN.
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 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 15% Reducing balance
Computer Equipment 15% Reducing balance
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.
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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 year 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 asset reflects 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 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 5)
4 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 150,000
As at 28 February 2025 150,000
Amortisation
As at 1 March 2024 150,000
As at 28 February 2025 150,000
Net Book Value
As at 28 February 2025 -
As at 1 March 2024 -
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5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 71,349 3,288 74,637
Additions 24,703 415 25,118
Disposals (25,303 ) - (25,303 )
As at 28 February 2025 70,749 3,703 74,452
Depreciation
As at 1 March 2024 37,454 2,530 39,984
Provided during the period 7,444 135 7,579
Disposals (21,312 ) - (21,312 )
As at 28 February 2025 23,586 2,665 26,251
Net Book Value
As at 28 February 2025 47,163 1,038 48,201
As at 1 March 2024 33,895 758 34,653
6. Stocks
2025 2024
£ £
Materials 51,377 55,419
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 82,758 67,171
Other debtors 5,764 5,074
88,522 72,245
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 34,698 28,237
Other creditors 124,837 127,224
Taxation and social security 25,935 37,494
185,470 192,955
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