Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12961921 Mr Jonathan Steele Mr Frederick Clack iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12961921 2023-10-31 12961921 2024-10-31 12961921 2023-11-01 2024-10-31 12961921 frs-core:CurrentFinancialInstruments 2024-10-31 12961921 frs-core:Non-currentFinancialInstruments 2024-10-31 12961921 frs-core:ComputerEquipment 2024-10-31 12961921 frs-core:ComputerEquipment 2023-11-01 2024-10-31 12961921 frs-core:ComputerEquipment 2023-10-31 12961921 frs-core:FurnitureFittings 2024-10-31 12961921 frs-core:FurnitureFittings 2023-11-01 2024-10-31 12961921 frs-core:FurnitureFittings 2023-10-31 12961921 frs-core:PlantMachinery 2024-10-31 12961921 frs-core:PlantMachinery 2023-11-01 2024-10-31 12961921 frs-core:PlantMachinery 2023-10-31 12961921 frs-core:ShareCapital 2024-10-31 12961921 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12961921 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12961921 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12961921 frs-bus:SmallEntities 2023-11-01 2024-10-31 12961921 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12961921 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12961921 frs-bus:Director1 2023-11-01 2024-10-31 12961921 frs-bus:Director2 2023-11-01 2024-10-31 12961921 frs-countries:EnglandWales 2023-11-01 2024-10-31 12961921 2022-10-31 12961921 2023-10-31 12961921 2022-11-01 2023-10-31 12961921 frs-core:CurrentFinancialInstruments 2023-10-31 12961921 frs-core:Non-currentFinancialInstruments 2023-10-31 12961921 frs-core:ShareCapital 2023-10-31 12961921 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12961921
Frederick Jonathan Road Sport Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
M.A. Business Support
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12961921
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,159 20,213
15,159 20,213
CURRENT ASSETS
Stocks 5 13,850 13,850
Debtors 6 1,302 8,818
Cash at bank and in hand 54,343 30,335
69,495 53,003
Creditors: Amounts Falling Due Within One Year 7 (52,605 ) (24,348 )
NET CURRENT ASSETS (LIABILITIES) 16,890 28,655
TOTAL ASSETS LESS CURRENT LIABILITIES 32,049 48,868
Creditors: Amounts Falling Due After More Than One Year 8 (21,885 ) (23,386 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,880 ) (1,138 )
NET ASSETS 7,284 24,344
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 7,084 24,144
SHAREHOLDERS' FUNDS 7,284 24,344
Page 1
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 Jonathan Steele
Director
Mr Frederick Clack
Director
07/05/2025
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
Frederick Jonathan Road Sport Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12961921 . The registered office is Unit 2, Harrison Drive, Braintree, Essex, CM17 1DE.
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 25% RBM
Fixtures & Fittings 25% RBM
Computer Equipment 25% RBM
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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 37,728 3,843 424 41,995
As at 31 October 2024 37,728 3,843 424 41,995
Depreciation
As at 1 November 2023 21,244 432 106 21,782
Provided during the period 4,121 853 80 5,054
As at 31 October 2024 25,365 1,285 186 26,836
Net Book Value
As at 31 October 2024 12,363 2,558 238 15,159
As at 1 November 2023 16,484 3,411 318 20,213
5. Stocks
2024 2023
£ £
Materials 13,850 13,850
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,302 8,818
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,428 4,966
Corporation tax 4,626 610
Other taxes and social security 3,681 8,318
VAT 11,526 6,060
Directors' loan accounts 23,344 4,394
52,605 24,348
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 21,885 23,386
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Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5