Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 03431889 Mr James Lockyer Mrs Jane Lockyer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03431889 2023-10-31 03431889 2024-10-31 03431889 2023-11-01 2024-10-31 03431889 frs-core:CurrentFinancialInstruments 2024-10-31 03431889 frs-core:PlantMachinery 2024-10-31 03431889 frs-core:PlantMachinery 2023-11-01 2024-10-31 03431889 frs-core:PlantMachinery 2023-10-31 03431889 frs-core:ShareCapital 2024-10-31 03431889 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 03431889 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03431889 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 03431889 frs-bus:SmallEntities 2023-11-01 2024-10-31 03431889 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03431889 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03431889 frs-bus:Director1 2023-11-01 2024-10-31 03431889 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 03431889 frs-countries:EnglandWales 2023-11-01 2024-10-31 03431889 2022-10-31 03431889 2023-10-31 03431889 2022-11-01 2023-10-31 03431889 frs-core:CurrentFinancialInstruments 2023-10-31 03431889 frs-core:ShareCapital 2023-10-31 03431889 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 03431889
James Lockyer Associates Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03431889
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,325 2,846
1,325 2,846
CURRENT ASSETS
Stocks 5 2,000 10,000
Debtors 6 15,015 24,566
Cash at bank and in hand 21,979 31,221
38,994 65,787
Creditors: Amounts Falling Due Within One Year 7 (21,127 ) (22,886 )
NET CURRENT ASSETS (LIABILITIES) 17,867 42,901
TOTAL ASSETS LESS CURRENT LIABILITIES 19,192 45,747
PROVISIONS FOR LIABILITIES
Deferred Taxation (624 ) (1,482 )
NET ASSETS 18,568 44,265
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 17,568 43,265
SHAREHOLDERS' FUNDS 18,568 44,265
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 James Lockyer
Director
5 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
James Lockyer Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03431889 . The registered office is 7 Buttlegate Downderry, Torpoint, Cornwall, PL11 3NQ.
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 comprises the fair value of the consideration received for the provision of structural and civil engineering
services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and
discounts.
The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that
future economic benefits will flow to the entity.
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
2.4. 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.
2.5. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a
change attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates taxable
income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the
financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.
2.6. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the
company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient
assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If
contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2023 6,103
Additions 472
Disposals (4,175 )
As at 31 October 2024 2,400
Depreciation
As at 1 November 2023 3,257
Provided during the period 427
Disposals (2,609 )
As at 31 October 2024 1,075
Net Book Value
As at 31 October 2024 1,325
As at 1 November 2023 2,846
5. Stocks
2024 2023
£ £
Work in progress 2,000 10,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,015 23,579
Other debtors - 987
15,015 24,566
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 18,086 3,567
Taxation and social security 3,041 19,319
21,127 22,886
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4