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 04121955 Mr J Bubb Mr P D Bubb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04121955 2023-12-31 04121955 2024-12-31 04121955 2024-01-01 2024-12-31 04121955 frs-core:CurrentFinancialInstruments 2024-12-31 04121955 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04121955 frs-core:FurnitureFittings 2024-12-31 04121955 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04121955 frs-core:FurnitureFittings 2023-12-31 04121955 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 04121955 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 04121955 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 04121955 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04121955 frs-core:MotorVehicles 2024-12-31 04121955 frs-core:MotorVehicles 2024-01-01 2024-12-31 04121955 frs-core:MotorVehicles 2023-12-31 04121955 frs-core:PlantMachinery 2024-01-01 2024-12-31 04121955 frs-core:ShareCapital 2024-12-31 04121955 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04121955 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04121955 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04121955 frs-bus:SmallEntities 2024-01-01 2024-12-31 04121955 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04121955 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04121955 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 04121955 frs-bus:Director1 2024-01-01 2024-12-31 04121955 frs-bus:Director2 2024-01-01 2024-12-31 04121955 frs-countries:EnglandWales 2024-01-01 2024-12-31 04121955 2022-12-31 04121955 2023-12-31 04121955 2023-01-01 2023-12-31 04121955 frs-core:CurrentFinancialInstruments 2023-12-31 04121955 frs-core:ShareCapital 2023-12-31 04121955 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04121955 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
J P Supplies (Crawley) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04121955
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,612 31,484
Investment Properties 5 180,000 180,000
203,612 211,484
CURRENT ASSETS
Stocks 18,500 18,500
Debtors 6 170,247 160,526
Investments 7 331,098 306,831
Cash at bank and in hand 278,064 263,710
797,909 749,567
Creditors: Amounts Falling Due Within One Year 8 (183,664 ) (310,298 )
NET CURRENT ASSETS (LIABILITIES) 614,245 439,269
TOTAL ASSETS LESS CURRENT LIABILITIES 817,857 650,753
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,904 ) (7,872 )
NET ASSETS 811,953 642,881
CAPITAL AND RESERVES
Called up share capital 9 4 4
Fair value reserve (152,433 ) (152,433 )
Profit and Loss Account 964,382 795,310
SHAREHOLDERS' FUNDS 811,953 642,881
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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
Mr P D Bubb
Director
22 May 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
J P Supplies (Crawley) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04121955 . The registered office is 2 Spindle Way, Crawley, West Sussex, RH10 1TG.
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. 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 1% on cost
Leasehold 25% reducing balance
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares, which are measured at fair value, with changes recognised in profit or loss. 
Derivative financial instruments, where applicable, are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. 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 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.
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 5 (2023: 5)
5 5
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 5,973 46,403 65,701 118,077
As at 31 December 2024 5,973 46,403 65,701 118,077
Depreciation
As at 1 January 2024 5,176 19,127 62,290 86,593
Provided during the period 200 6,819 853 7,872
As at 31 December 2024 5,376 25,946 63,143 94,465
Net Book Value
As at 31 December 2024 597 20,457 2,558 23,612
As at 1 January 2024 797 27,276 3,411 31,484
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5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 180,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 217,343 217,343
Accumulated depreciation and impairment 34,430 34,430
Carrying amount 182,913 182,913
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 169,172 157,907
Other debtors 1,075 2,619
170,247 160,526
7. Current Asset Investments
2024 2023
£ £
Listed investments 286,098 261,831
Other investments, held for sale 45,000 45,000
331,098 306,831
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 46,722 113,597
Other creditors 55,871 124,440
Taxation and social security 81,071 72,261
183,664 310,298
Included within Other creditors above are unsecured loans from the directors of £41,403 (2023 - £122,607 ). These loans are interest free and repayable on demand.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
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10. Related Party Transactions
Paul BubbDirector of the companyThe director provides a rent free property to the company for office/commercial use.

Paul Bubb

Director of the company

The director provides a rent free property to the company for office/commercial use.

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