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 06254202 Agnes Teer Mr Keith Teer Mr Paul Teer Mr Keith Teer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06254202 2023-10-31 06254202 2024-10-31 06254202 2023-11-01 2024-10-31 06254202 frs-core:CurrentFinancialInstruments 2024-10-31 06254202 frs-core:NetGoodwill 2024-10-31 06254202 frs-core:NetGoodwill 2023-11-01 2024-10-31 06254202 frs-core:NetGoodwill 2023-10-31 06254202 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 06254202 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 06254202 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 06254202 frs-core:MotorVehicles 2024-10-31 06254202 frs-core:MotorVehicles 2023-11-01 2024-10-31 06254202 frs-core:MotorVehicles 2023-10-31 06254202 frs-core:PlantMachinery 2024-10-31 06254202 frs-core:PlantMachinery 2023-11-01 2024-10-31 06254202 frs-core:PlantMachinery 2023-10-31 06254202 frs-core:ShareCapital 2024-10-31 06254202 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 06254202 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06254202 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 06254202 frs-bus:SmallEntities 2023-11-01 2024-10-31 06254202 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 06254202 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 06254202 frs-bus:Director1 2023-11-01 2024-10-31 06254202 frs-bus:Director2 2023-11-01 2024-10-31 06254202 frs-bus:Director3 2023-11-01 2024-10-31 06254202 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 06254202 frs-countries:EnglandWales 2023-11-01 2024-10-31 06254202 2022-10-31 06254202 2023-10-31 06254202 2022-11-01 2023-10-31 06254202 frs-core:CurrentFinancialInstruments 2023-10-31 06254202 frs-core:ShareCapital 2023-10-31 06254202 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 06254202
Teer & Johnson Fisheries Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06254202
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,833 3,833
Tangible Assets 5 238,528 245,319
241,361 249,152
CURRENT ASSETS
Stocks 6 1,000 1,000
Cash at bank and in hand 6,180 6,685
7,180 7,685
Creditors: Amounts Falling Due Within One Year 7 (429,181 ) (443,766 )
NET CURRENT ASSETS (LIABILITIES) (422,001 ) (436,081 )
TOTAL ASSETS LESS CURRENT LIABILITIES (180,640 ) (186,929 )
NET LIABILITIES (180,640 ) (186,929 )
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account (180,644 ) (186,933 )
SHAREHOLDERS' FUNDS (180,640) (186,929)
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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 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 Paul Teer
Director
08/04/2025
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
Teer & Johnson Fisheries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06254202 . The registered office is 23 Commercial Street, Brandon, Durham, DH7 8PL.
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 .... years.
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:
Freehold 2% straight line
Plant & Machinery 20% straight line
Motor Vehicles 20% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 20,000
As at 31 October 2024 20,000
Amortisation
As at 1 November 2023 16,167
Provided during the period 1,000
As at 31 October 2024 17,167
Net Book Value
As at 31 October 2024 2,833
As at 1 November 2023 3,833
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 November 2023 339,348 13,028 4,300 356,676
As at 31 October 2024 339,348 13,028 4,300 356,676
Depreciation
As at 1 November 2023 94,029 13,028 4,300 111,357
Provided during the period 6,791 - - 6,791
As at 31 October 2024 100,820 13,028 4,300 118,148
Net Book Value
As at 31 October 2024 238,528 - - 238,528
As at 1 November 2023 245,319 - - 245,319
6. Stocks
2024 2023
£ £
Stock 1,000 1,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 108,674 121,734
PAYE - 172
VAT 2,539 3,892
Directors' loan accounts 317,968 317,968
429,181 443,766
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 5