Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05195430 Mr Jason Bartley Mr Jason Bartley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05195430 2023-08-31 05195430 2024-08-31 05195430 2023-09-01 2024-08-31 05195430 frs-core:CurrentFinancialInstruments 2024-08-31 05195430 frs-core:Non-currentFinancialInstruments 2024-08-31 05195430 frs-core:ComputerEquipment 2024-08-31 05195430 frs-core:ComputerEquipment 2023-09-01 2024-08-31 05195430 frs-core:ComputerEquipment 2023-08-31 05195430 frs-core:FurnitureFittings 2024-08-31 05195430 frs-core:FurnitureFittings 2023-09-01 2024-08-31 05195430 frs-core:FurnitureFittings 2023-08-31 05195430 frs-core:MotorVehicles 2024-08-31 05195430 frs-core:MotorVehicles 2023-09-01 2024-08-31 05195430 frs-core:MotorVehicles 2023-08-31 05195430 frs-core:PlantMachinery 2024-08-31 05195430 frs-core:PlantMachinery 2023-09-01 2024-08-31 05195430 frs-core:PlantMachinery 2023-08-31 05195430 frs-core:ShareCapital 2024-08-31 05195430 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05195430 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05195430 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05195430 frs-bus:SmallEntities 2023-09-01 2024-08-31 05195430 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05195430 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05195430 frs-bus:Director1 2023-09-01 2024-08-31 05195430 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 05195430 frs-countries:EnglandWales 2023-09-01 2024-08-31 05195430 2022-08-31 05195430 2023-08-31 05195430 2022-09-01 2023-08-31 05195430 frs-core:CurrentFinancialInstruments 2023-08-31 05195430 frs-core:Non-currentFinancialInstruments 2023-08-31 05195430 frs-core:ShareCapital 2023-08-31 05195430 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05195430
J D Upholstery Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
The Arkk Alliance Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05195430
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,562 11,924
10,562 11,924
CURRENT ASSETS
Stocks 5 5,176 4,165
Debtors 6 46,658 75,901
Cash at bank and in hand 78,023 117,057
129,857 197,123
Creditors: Amounts Falling Due Within One Year 7 (23,163 ) (84,096 )
NET CURRENT ASSETS (LIABILITIES) 106,694 113,027
TOTAL ASSETS LESS CURRENT LIABILITIES 117,256 124,951
Creditors: Amounts Falling Due After More Than One Year 8 (9,583 ) (14,583 )
NET ASSETS 107,673 110,368
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 107,573 110,268
SHAREHOLDERS' FUNDS 107,673 110,368
Page 1
Page 2
For the year ending 31 August 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 director acknowledges his 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 Jason Bartley
Director
13th November 2024
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 D Upholstery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05195430 . The registered office is Redhill Farm, Redhill Road, Kings Norton, Birmingham, B38 9EN.
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 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Straight Line Method
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 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.
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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 Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 15,562 11,911 14,330 737 42,540
Additions - - - 683 683
As at 31 August 2024 15,562 11,911 14,330 1,420 43,223
Depreciation
As at 1 September 2023 9,515 11,040 9,324 737 30,616
Provided during the period 907 217 751 170 2,045
As at 31 August 2024 10,422 11,257 10,075 907 32,661
Net Book Value
As at 31 August 2024 5,140 654 4,255 513 10,562
As at 1 September 2023 6,047 871 5,006 - 11,924
5. Stocks
2024 2023
£ £
Finished goods 5,176 4,165
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 35,890 73,491
Prepayments and accrued income 4,582 2,410
Director's loan account 6,186 -
46,658 75,901
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,382 5,295
Corporation tax 8,583 29,066
Other taxes and social security 289 49
VAT 9,662 17,903
Other creditors 247 308
Director's loan account - 31,475
23,163 84,096
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,583 14,583
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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