Acorah Software Products - Accounts Production 16.3.350 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 09014219 Mr J W Acton Mr B L Rogers Mr B L Rogers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09014219 2024-04-30 09014219 2025-04-30 09014219 2024-05-01 2025-04-30 09014219 frs-core:CurrentFinancialInstruments 2025-04-30 09014219 frs-core:Non-currentFinancialInstruments 2025-04-30 09014219 frs-core:FurnitureFittings 2025-04-30 09014219 frs-core:FurnitureFittings 2024-05-01 2025-04-30 09014219 frs-core:FurnitureFittings 2024-04-30 09014219 frs-core:PlantMachinery 2025-04-30 09014219 frs-core:PlantMachinery 2024-05-01 2025-04-30 09014219 frs-core:PlantMachinery 2024-04-30 09014219 frs-core:ShareCapital 2025-04-30 09014219 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 09014219 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 09014219 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 09014219 frs-bus:SmallEntities 2024-05-01 2025-04-30 09014219 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 09014219 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 09014219 frs-bus:Director1 2024-05-01 2025-04-30 09014219 frs-bus:Director1 2024-04-30 09014219 frs-bus:Director1 2025-04-30 09014219 frs-bus:Director2 2024-05-01 2025-04-30 09014219 frs-bus:Director2 2024-04-30 09014219 frs-bus:Director2 2025-04-30 09014219 frs-bus:CompanySecretary1 2024-05-01 2025-04-30 09014219 frs-countries:EnglandWales 2024-05-01 2025-04-30 09014219 2023-04-30 09014219 2024-04-30 09014219 2023-05-01 2024-04-30 09014219 frs-core:CurrentFinancialInstruments 2024-04-30 09014219 frs-core:Non-currentFinancialInstruments 2024-04-30 09014219 frs-core:ShareCapital 2024-04-30 09014219 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 09014219
Jem Property Services Group Limited
Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09014219
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,734 3,741
1,734 3,741
CURRENT ASSETS
Stocks 5 53,610 48,890
Debtors 6 171,090 121,299
Cash at bank and in hand 40,565 103,830
265,265 274,019
Creditors: Amounts Falling Due Within One Year 7 (182,667 ) (214,403 )
NET CURRENT ASSETS (LIABILITIES) 82,598 59,616
TOTAL ASSETS LESS CURRENT LIABILITIES 84,332 63,357
Creditors: Amounts Falling Due After More Than One Year 8 (95,591 ) (19,510 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (329 ) (711 )
NET (LIABILITIES)/ASSETS (11,588 ) 43,136
CAPITAL AND RESERVES
Called up share capital 10 30 30
Profit and Loss Account (11,618 ) 43,106
SHAREHOLDERS' FUNDS (11,588) 43,136
Page 1
Page 2
For the year ending 30 April 2025 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 B L Rogers
Director
2nd June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Jem Property Services Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09014219 . The registered office is Unit 23 Trafalgar House, 223 Southampton Road, Portsmouth, Hants, PO6 4PY.
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.
General Information
Jem Property Services Group Limited is a Private Company, limited by shares, domiciled in England and
Wales, registration number 09014219.
The company's registered office is Unit 23, Trafalgar House, 223 Southampton Road,
Portsmouth P06 4PY.
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 Over 4 years
Fixtures & Fittings Over 4 years
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. 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 are initially
recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 12)
12 12
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2024 2,645 18,643 21,288
As at 30 April 2025 2,645 18,643 21,288
Depreciation
As at 1 May 2024 855 16,692 17,547
Provided during the period 661 1,346 2,007
As at 30 April 2025 1,516 18,038 19,554
Net Book Value
As at 30 April 2025 1,129 605 1,734
As at 1 May 2024 1,790 1,951 3,741
5. Stocks
2025 2024
£ £
Materials 53,610 48,890
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 107,103 103,382
Other debtors 63,987 17,917
171,090 121,299
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 38,030 47,936
Bank loans and overdrafts 107,827 78,384
Other creditors 4,073 18,136
Taxation and social security 32,737 69,947
182,667 214,403
The company utilises confidential invoice discounting (CID), which is secured by the directors indemnifying Close Brothers against any losses (up to a maximum of the funds in use outstanding on the date called upon to make payment under the indemnity, less any collections received from customers after that date). At 30 April 2025, £78,129 was drawn on this facility (2024: £60,375).
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 95,591 19,510
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 329 711
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 30 30
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2024 Amounts advanced Amounts repaid Amounts written off As at 30 April 2025
£ £ £ £ £
Mr J W Acton - 19,708 - - 19,708
Mr B L Rogers - 16,519 - - 16,519
The above loans are unsecured, interest free and repayable on demand.
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