Acorah Software Products - Accounts Production 16.2.850 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 03323347 Mr Trevor Jacobs Mr Brian Prebble Mr Jeremy Rapley Mrs Mary Jacobs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03323347 2024-01-31 03323347 2025-01-31 03323347 2024-02-01 2025-01-31 03323347 frs-core:CurrentFinancialInstruments 2025-01-31 03323347 frs-core:Non-currentFinancialInstruments 2025-01-31 03323347 frs-core:FurnitureFittings 2025-01-31 03323347 frs-core:FurnitureFittings 2024-02-01 2025-01-31 03323347 frs-core:FurnitureFittings 2024-01-31 03323347 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-31 03323347 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 03323347 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 03323347 frs-core:MotorVehicles 2025-01-31 03323347 frs-core:MotorVehicles 2024-02-01 2025-01-31 03323347 frs-core:MotorVehicles 2024-01-31 03323347 frs-core:PlantMachinery 2025-01-31 03323347 frs-core:PlantMachinery 2024-02-01 2025-01-31 03323347 frs-core:PlantMachinery 2024-01-31 03323347 frs-core:SharePremium 2025-01-31 03323347 frs-core:ShareCapital 2025-01-31 03323347 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 03323347 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 03323347 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 03323347 frs-bus:SmallEntities 2024-02-01 2025-01-31 03323347 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 03323347 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 03323347 frs-bus:Director1 2024-02-01 2025-01-31 03323347 frs-bus:Director2 2024-02-01 2025-01-31 03323347 frs-bus:Director3 2024-02-01 2025-01-31 03323347 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 03323347 frs-countries:EnglandWales 2024-02-01 2025-01-31 03323347 2023-01-31 03323347 2024-01-31 03323347 2023-02-01 2024-01-31 03323347 frs-core:CurrentFinancialInstruments 2024-01-31 03323347 frs-core:Non-currentFinancialInstruments 2024-01-31 03323347 frs-core:SharePremium 2024-01-31 03323347 frs-core:ShareCapital 2024-01-31 03323347 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 03323347
Jacobs Joinery & Shop Fitting Ltd.
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03323347
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,027 39,059
32,027 39,059
CURRENT ASSETS
Stocks 5 23,158 14,267
Debtors 6 102,466 165,615
Cash at bank and in hand 171,900 69,712
297,524 249,594
Creditors: Amounts Falling Due Within One Year 7 (209,599 ) (142,871 )
NET CURRENT ASSETS (LIABILITIES) 87,925 106,723
TOTAL ASSETS LESS CURRENT LIABILITIES 119,952 145,782
Creditors: Amounts Falling Due After More Than One Year 8 (2,350 ) (9,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,657 ) (7,178 )
NET ASSETS 109,945 129,271
CAPITAL AND RESERVES
Called up share capital 9 900 900
Share premium account 79,200 79,200
Profit and Loss Account 29,845 49,171
SHAREHOLDERS' FUNDS 109,945 129,271
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For the year ending 31 January 2025 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 Jeremy Rapley
Director
17 March 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
Jacobs Joinery & Shop Fitting Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03323347 . The registered office is 10 Downley Road, Havant, Hampshire, PO9 2NJ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements,
estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income, and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if the revision affects only that period or in the period of
the revision and future periods if the revision affects both current and future periods.
2.3. 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.
2.4. 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:
Leasehold 10% RB
Plant & Machinery 15% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
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.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 12)
10 12
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 February 2024 37,379 97,655 30,640 6,015 171,689
Additions - - - 726 726
Disposals - - - (2,823 ) (2,823 )
As at 31 January 2025 37,379 97,655 30,640 3,918 169,592
Depreciation
As at 1 February 2024 34,396 79,930 14,059 4,245 132,630
Provided during the period 299 2,658 4,145 553 7,655
Disposals - - - (2,720 ) (2,720 )
As at 31 January 2025 34,695 82,588 18,204 2,078 137,565
Net Book Value
As at 31 January 2025 2,684 15,067 12,436 1,840 32,027
As at 1 February 2024 2,983 17,725 16,581 1,770 39,059
5. Stocks
2025 2024
£ £
Materials 8,569 9,463
Work in progress 14,589 4,804
23,158 14,267
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Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 93,977 157,832
Other debtors 8,489 7,783
102,466 165,615
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 22,442 38,068
Bank loans and overdrafts 6,984 7,000
Amounts owed to group undertakings 115,599 39,159
Other creditors 2,639 6,181
Taxation and social security 61,935 52,463
209,599 142,871
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,350 9,333
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 900 900
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