Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07802617 Mrs H Williams Mr R Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07802617 2023-07-31 07802617 2024-07-31 07802617 2023-08-01 2024-07-31 07802617 frs-core:CurrentFinancialInstruments 2024-07-31 07802617 frs-core:Non-currentFinancialInstruments 2024-07-31 07802617 frs-core:BetweenOneFiveYears 2024-07-31 07802617 frs-core:PlantMachinery 2024-07-31 07802617 frs-core:PlantMachinery 2023-08-01 2024-07-31 07802617 frs-core:PlantMachinery 2023-07-31 07802617 frs-core:WithinOneYear 2024-07-31 07802617 frs-core:ShareCapital 2024-07-31 07802617 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07802617 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07802617 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07802617 frs-bus:SmallEntities 2023-08-01 2024-07-31 07802617 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07802617 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07802617 frs-bus:Director1 2023-08-01 2024-07-31 07802617 frs-bus:Director2 2023-08-01 2024-07-31 07802617 frs-countries:EnglandWales 2023-08-01 2024-07-31 07802617 2022-07-31 07802617 2023-07-31 07802617 2022-08-01 2023-07-31 07802617 frs-core:CurrentFinancialInstruments 2023-07-31 07802617 frs-core:Non-currentFinancialInstruments 2023-07-31 07802617 frs-core:BetweenOneFiveYears 2023-07-31 07802617 frs-core:WithinOneYear 2023-07-31 07802617 frs-core:ShareCapital 2023-07-31 07802617 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07802617
JPS Stationers Limited
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: 07802617
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,637 3,275
1,637 3,275
CURRENT ASSETS
Stocks 5 26,335 27,502
Debtors 6 14,588 13,524
Cash at bank and in hand 29,194 33,943
70,117 74,969
Creditors: Amounts Falling Due Within One Year 7 (22,944 ) (20,913 )
NET CURRENT ASSETS (LIABILITIES) 47,173 54,056
TOTAL ASSETS LESS CURRENT LIABILITIES 48,810 57,331
Creditors: Amounts Falling Due After More Than One Year 8 (26,000 ) (26,000 )
NET ASSETS 22,810 31,331
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 22,809 31,330
SHAREHOLDERS' FUNDS 22,810 31,331
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 R Williams
Director
4 April 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
JPS Stationers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07802617 . The registered office is 26 Eskdale Avenue, Chesham, Buckinghamshire, HP5 3AX.
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. 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 10% Straight Line & 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2023 21,531
Disposals (1,008 )
As at 31 July 2024 20,523
Depreciation
As at 1 August 2023 18,256
Provided during the period 1,638
Disposals (1,008 )
As at 31 July 2024 18,886
Net Book Value
As at 31 July 2024 1,637
As at 1 August 2023 3,275
5. Stocks
2024 2023
£ £
Stock 26,335 27,502
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 684 343
Prepayments and accrued income 3,891 3,281
Other debtors 10,013 9,900
14,588 13,524
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,361 10,499
Other taxes and social security 364 210
VAT 1,220 1,105
Other creditors 34 230
Accruals and deferred income 1,439 1,387
Directors' loan accounts 7,526 7,482
22,944 20,913
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,000 26,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 17,000 17,000
Later than one year and not later than five years 11,333 28,333
28,333 45,333
11. Related Party Transactions
At the balance sheet date, the director of the company was owed £7,526 by the company (2023: £7,482).
Included in other creditors due more than one year was £6,000 due the brother of the directors (2023: £6,000).
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