Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13600205 Mr William Gregorick Mr Jordan Coops iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13600205 2023-12-31 13600205 2024-12-31 13600205 2024-01-01 2024-12-31 13600205 frs-core:CurrentFinancialInstruments 2024-12-31 13600205 frs-core:Non-currentFinancialInstruments 2024-12-31 13600205 frs-core:ComputerEquipment 2024-12-31 13600205 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13600205 frs-core:ComputerEquipment 2023-12-31 13600205 frs-core:FurnitureFittings 2024-12-31 13600205 frs-core:FurnitureFittings 2024-01-01 2024-12-31 13600205 frs-core:FurnitureFittings 2023-12-31 13600205 frs-core:MotorVehicles 2024-12-31 13600205 frs-core:MotorVehicles 2024-01-01 2024-12-31 13600205 frs-core:MotorVehicles 2023-12-31 13600205 frs-core:PlantMachinery 2024-12-31 13600205 frs-core:PlantMachinery 2024-01-01 2024-12-31 13600205 frs-core:PlantMachinery 2023-12-31 13600205 frs-core:ShareCapital 2024-12-31 13600205 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13600205 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13600205 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13600205 frs-bus:SmallEntities 2024-01-01 2024-12-31 13600205 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13600205 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13600205 frs-bus:Director1 2024-01-01 2024-12-31 13600205 frs-bus:Director2 2024-01-01 2024-12-31 13600205 frs-core:Non-currentFinancialInstruments 1 2024-12-31 13600205 frs-core:Non-currentFinancialInstruments 2 2024-12-31 13600205 frs-core:Non-currentFinancialInstruments 3 2024-12-31 13600205 frs-core:Non-currentFinancialInstruments 5 2024-12-31 13600205 frs-countries:EnglandWales 2024-01-01 2024-12-31 13600205 2022-12-31 13600205 2023-12-31 13600205 2023-01-01 2023-12-31 13600205 frs-core:CurrentFinancialInstruments 2023-12-31 13600205 frs-core:Non-currentFinancialInstruments 2023-12-31 13600205 frs-core:ShareCapital 2023-12-31 13600205 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13600205 frs-core:Non-currentFinancialInstruments 1 2023-12-31 13600205 frs-core:Non-currentFinancialInstruments 2 2023-12-31 13600205 frs-core:Non-currentFinancialInstruments 3 2023-12-31 13600205 frs-core:Non-currentFinancialInstruments 5 2023-12-31
Registered number: 13600205
j & w Services LTD
Unaudited Financial Statements
For The Year Ended 31 December 2024
KSR Accountants
Institute of Financial Accountants
The Old Buttermarket
Market Place
Tuxford
Newark
NG22 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13600205
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 103,806 95,949
103,806 95,949
CURRENT ASSETS
Stocks 5 6,000 6,000
Debtors 6 105,436 52,113
Cash at bank and in hand 64,197 55,404
175,633 113,517
Creditors: Amounts Falling Due Within One Year 7 (38,878 ) (32,933 )
NET CURRENT ASSETS (LIABILITIES) 136,755 80,584
TOTAL ASSETS LESS CURRENT LIABILITIES 240,561 176,533
Creditors: Amounts Falling Due After More Than One Year 8 (95,325 ) (76,625 )
NET ASSETS 145,236 99,908
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 145,226 99,898
SHAREHOLDERS' FUNDS 145,236 99,908
Page 1
Page 2
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 William Gregorick
Director
Mr Jordan Coops
Director
16th April 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
j & w Services LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13600205 . The registered office is 33 Milnercroft, Retford, DN22 7LX.
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
Motor Vehicles 25
Fixtures & Fittings 15
Computer Equipment 50
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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 21,903 102,848 1,286 911 126,948
Additions 1,807 37,537 - 771 40,115
As at 31 December 2024 23,710 140,385 1,286 1,682 167,063
Depreciation
As at 1 January 2024 4,236 26,082 193 488 30,999
Provided during the period 2,921 28,576 164 597 32,258
As at 31 December 2024 7,157 54,658 357 1,085 63,257
Net Book Value
As at 31 December 2024 16,553 85,727 929 597 103,806
As at 1 January 2024 17,667 76,766 1,093 423 95,949
5. Stocks
2024 2023
£ £
Materials 6,000 6,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 60,112 2,722
Prepayments and accrued income 39,284 40,221
VAT 6,040 3,006
105,436 45,949
Due after more than one year
Directors loan account - 6,164
105,436 52,113
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,176 1,817
Bank loans and overdrafts 4,619 4,619
Corporation tax 17,083 11,148
Net wages - 15,349
38,878 32,933
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
BT22 HCO Van lease 23,729 28,576
YM22 YXY Van lease 11,325 15,914
DT66 LSJ van loan 5,474 8,509
OV23 HVG 19,174 23,626
FV47 MGU 33,793 -
Directors loan account 1,830 -
95,325 76,625
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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