Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12857582 Mr John Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12857582 2023-09-30 12857582 2024-09-30 12857582 2023-10-01 2024-09-30 12857582 frs-core:CurrentFinancialInstruments 2024-09-30 12857582 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 12857582 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12857582 frs-core:MotorVehicles 2024-09-30 12857582 frs-core:MotorVehicles 2023-10-01 2024-09-30 12857582 frs-core:MotorVehicles 2023-09-30 12857582 frs-core:PlantMachinery 2024-09-30 12857582 frs-core:PlantMachinery 2023-10-01 2024-09-30 12857582 frs-core:PlantMachinery 2023-09-30 12857582 frs-core:ShareCapital 2024-09-30 12857582 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12857582 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12857582 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12857582 frs-bus:SmallEntities 2023-10-01 2024-09-30 12857582 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12857582 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12857582 frs-bus:Director1 2023-10-01 2024-09-30 12857582 frs-countries:EnglandWales 2023-10-01 2024-09-30 12857582 2022-09-30 12857582 2023-09-30 12857582 2022-10-01 2023-09-30 12857582 frs-core:CurrentFinancialInstruments 2023-09-30 12857582 frs-core:ShareCapital 2023-09-30 12857582 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12857582
J E SMITH TRADING LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
Itabacus Ltd
Bevis Lane
Wisbech
Cambrisgeshire
PE13 4TY
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12857582
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,260 12,260
12,260 12,260
CURRENT ASSETS
Stocks 5 137,497 105,591
Cash at bank and in hand 19,424 7,098
156,921 112,689
Creditors: Amounts Falling Due Within One Year 6 (185,542 ) (81,367 )
NET CURRENT ASSETS (LIABILITIES) (28,621 ) 31,322
TOTAL ASSETS LESS CURRENT LIABILITIES (16,361 ) 43,582
NET (LIABILITIES)/ASSETS (16,361 ) 43,582
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (16,461 ) 43,482
SHAREHOLDERS' FUNDS (16,361) 43,582
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 John Smith
Director
30/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
J E SMITH TRADING LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12857582 . The registered office is Bevis Lane, Wisbech, PE13 4TY.
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:
Freehold 0
Leasehold 0
Plant & Machinery 0
Motor Vehicles 10
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2023 1,600 14,750 16,350
As at 30 September 2024 1,600 14,750 16,350
Depreciation
As at 1 October 2023 400 3,690 4,090
As at 30 September 2024 400 3,690 4,090
...CONTINUED
Page 2
Page 3
Net Book Value
As at 30 September 2024 1,200 11,060 12,260
As at 1 October 2023 1,200 11,060 12,260
5. Stocks
2024 2023
£ £
Stock 137,497 105,591
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other loans 89,652 -
Other creditors 80,287 80,287
Taxation and social security 15,603 1,080
185,542 81,367
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3