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 05508814 Mr David Ramsey Mr Stephen Ramsey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05508814 2023-07-31 05508814 2024-07-31 05508814 2023-08-01 2024-07-31 05508814 frs-core:CurrentFinancialInstruments 2024-07-31 05508814 frs-core:Non-currentFinancialInstruments 2024-07-31 05508814 frs-core:FurnitureFittings 2024-07-31 05508814 frs-core:FurnitureFittings 2023-08-01 2024-07-31 05508814 frs-core:FurnitureFittings 2023-07-31 05508814 frs-core:MotorVehicles 2024-07-31 05508814 frs-core:MotorVehicles 2023-08-01 2024-07-31 05508814 frs-core:MotorVehicles 2023-07-31 05508814 frs-core:WithinOneYear 2024-07-31 05508814 frs-core:ShareCapital 2024-07-31 05508814 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 05508814 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05508814 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 05508814 frs-bus:SmallEntities 2023-08-01 2024-07-31 05508814 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 05508814 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 05508814 frs-bus:Director1 2023-08-01 2024-07-31 05508814 frs-bus:Director1 2023-07-31 05508814 frs-bus:Director1 2024-07-31 05508814 frs-bus:Director2 2023-08-01 2024-07-31 05508814 frs-bus:Director2 2023-07-31 05508814 frs-bus:Director2 2024-07-31 05508814 frs-countries:EnglandWales 2023-08-01 2024-07-31 05508814 2022-07-31 05508814 2023-07-31 05508814 2022-08-01 2023-07-31 05508814 frs-core:CurrentFinancialInstruments 2023-07-31 05508814 frs-core:Non-currentFinancialInstruments 2023-07-31 05508814 frs-core:WithinOneYear 2023-07-31 05508814 frs-core:ShareCapital 2023-07-31 05508814 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 05508814
JOHN RAMSEY & SONS LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2024
L C & J A Charge
6 Hawk Close
Waltham Abbey
Essex
EN9 3NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05508814
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,010 20,013
15,010 20,013
CURRENT ASSETS
Stocks 5 1,500 1,500
Debtors 6 42,854 77,677
Cash at bank and in hand 14,872 3,755
59,226 82,932
Creditors: Amounts Falling Due Within One Year 7 (45,723 ) (51,567 )
NET CURRENT ASSETS (LIABILITIES) 13,503 31,365
TOTAL ASSETS LESS CURRENT LIABILITIES 28,513 51,378
Creditors: Amounts Falling Due After More Than One Year 8 (7,000 ) (11,000 )
NET ASSETS 21,513 40,378
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 21,413 40,278
SHAREHOLDERS' FUNDS 21,513 40,378
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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 David Ramsey
Director
24/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
JOHN RAMSEY & SONS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05508814 . The registered office is 19 Piercing Hill, Theydon Bois, Essex, CM16 7JN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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.
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:
Motor Vehicles 25% written down value
Fixtures & Fittings 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
2.6. Taxation

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.

3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Sales, marketing and distribution 2 2
4 4
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 44,191 2,849 47,040
As at 31 July 2024 44,191 2,849 47,040
Depreciation
As at 1 August 2023 24,182 2,845 27,027
Provided during the period 5,002 1 5,003
As at 31 July 2024 29,184 2,846 32,030
Net Book Value
As at 31 July 2024 15,007 3 15,010
As at 1 August 2023 20,009 4 20,013
5. Stocks
2024 2023
£ £
Stock 1,500 1,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,311 40,030
Prepayments and accrued income 1,589 1,245
Directors' loan accounts 34,954 36,402
42,854 77,677
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,879
Trade creditors 3,130 8,913
Bank loans and overdrafts 4,000 4,000
Corporation tax 12,038 4,231
Other taxes and social security 5,423 7,533
VAT 13,987 16,477
Accruals and deferred income 7,145 7,534
45,723 51,567
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,000 11,000
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 2,879
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr David Ramsey 7,035 29,640 30,728 - 5,947
Mr Stephen Ramsey 29,367 29,640 30,000 - 29,007
The above loan is unsecured, interest free and repayable on demand.
12. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 60,000 60,000
The company paid dividends of £60,000 ( 2023 £60,000) to the directors in the period. The dividend paid was £30,000 (2023 £30,000) to D Ramsey and £ 30,000 (2023 £ 30,000) to S Ramsey.
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