Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05041453 Paul Jones Alun Francis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05041453 2023-12-31 05041453 2024-12-31 05041453 2024-01-01 2024-12-31 05041453 frs-core:CurrentFinancialInstruments 2024-12-31 05041453 frs-core:ComputerEquipment 2024-12-31 05041453 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05041453 frs-core:ComputerEquipment 2023-12-31 05041453 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 05041453 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05041453 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 05041453 frs-core:MotorVehicles 2024-12-31 05041453 frs-core:MotorVehicles 2024-01-01 2024-12-31 05041453 frs-core:MotorVehicles 2023-12-31 05041453 frs-core:PlantMachinery 2024-12-31 05041453 frs-core:PlantMachinery 2024-01-01 2024-12-31 05041453 frs-core:PlantMachinery 2023-12-31 05041453 frs-core:ShareCapital 2024-12-31 05041453 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05041453 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05041453 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05041453 frs-bus:SmallEntities 2024-01-01 2024-12-31 05041453 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05041453 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05041453 frs-bus:Director1 2024-01-01 2024-12-31 05041453 frs-bus:Director2 2024-01-01 2024-12-31 05041453 frs-countries:EnglandWales 2024-01-01 2024-12-31 05041453 2022-12-31 05041453 2023-12-31 05041453 2023-01-01 2023-12-31 05041453 frs-core:CurrentFinancialInstruments 2023-12-31 05041453 frs-core:ShareCapital 2023-12-31 05041453 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05041453
J A Francis & Sons Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Ashley Jones Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05041453
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 326,845 346,414
326,845 346,414
CURRENT ASSETS
Stocks 5 164,260 115,000
Debtors 6 95,074 230,860
Cash at bank and in hand 547,194 409,650
806,528 755,510
Creditors: Amounts Falling Due Within One Year 7 (140,306 ) (146,555 )
NET CURRENT ASSETS (LIABILITIES) 666,222 608,955
TOTAL ASSETS LESS CURRENT LIABILITIES 993,067 955,369
PROVISIONS FOR LIABILITIES
Deferred Taxation (45,040 ) (49,434 )
NET ASSETS 948,027 905,935
CAPITAL AND RESERVES
Called up share capital 8 129,040 129,040
Profit and Loss Account 818,987 776,895
SHAREHOLDERS' FUNDS 948,027 905,935
Page 1
Page 2
For the year ending 31 December 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
Alun Francis
Director
21/03/2025
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
J A Francis & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05041453 . The registered office is Mile Brook, Knighton, Powys, LD7 1LR.
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:
Freehold 10 years straight line
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 20% 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
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 16)
16 16
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 92,608 585,180 174,282 12,263 864,333
Additions 10,610 51,520 - - 62,130
Disposals - (41,200 ) - - (41,200 )
As at 31 December 2024 103,218 595,500 174,282 12,263 885,263
Depreciation
As at 1 January 2024 6,374 400,940 100,989 9,616 517,919
Provided during the period 7,055 44,992 18,323 529 70,899
Disposals - (30,400 ) - - (30,400 )
As at 31 December 2024 13,429 415,532 119,312 10,145 558,418
Net Book Value
As at 31 December 2024 89,789 179,968 54,970 2,118 326,845
As at 1 January 2024 86,234 184,240 73,293 2,647 346,414
5. Stocks
2024 2023
£ £
Stock & WIP 164,260 115,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 76,724 203,045
Other debtors 18,350 27,815
95,074 230,860
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 45,514 54,295
Other creditors 7,134 27,144
Taxation and social security 87,658 65,116
140,306 146,555
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 129,040 129,040
Page 5