Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07954744 Mrs Cheryl Janssens Mr Patrick Janssens Mrs Cheryl Janssens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07954744 2024-03-31 07954744 2025-03-31 07954744 2024-04-01 2025-03-31 07954744 frs-core:CurrentFinancialInstruments 2025-03-31 07954744 frs-core:ComputerEquipment 2025-03-31 07954744 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07954744 frs-core:ComputerEquipment 2024-03-31 07954744 frs-core:FurnitureFittings 2025-03-31 07954744 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07954744 frs-core:FurnitureFittings 2024-03-31 07954744 frs-core:NetGoodwill 2025-03-31 07954744 frs-core:NetGoodwill 2024-04-01 2025-03-31 07954744 frs-core:NetGoodwill 2024-03-31 07954744 frs-core:MotorVehicles 2025-03-31 07954744 frs-core:MotorVehicles 2024-04-01 2025-03-31 07954744 frs-core:MotorVehicles 2024-03-31 07954744 frs-core:PlantMachinery 2025-03-31 07954744 frs-core:PlantMachinery 2024-04-01 2025-03-31 07954744 frs-core:PlantMachinery 2024-03-31 07954744 frs-core:ShareCapital 2025-03-31 07954744 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07954744 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07954744 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07954744 frs-bus:SmallEntities 2024-04-01 2025-03-31 07954744 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07954744 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07954744 frs-bus:Director1 2024-04-01 2025-03-31 07954744 frs-bus:Director2 2024-04-01 2025-03-31 07954744 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 07954744 frs-countries:EnglandWales 2024-04-01 2025-03-31 07954744 2023-03-31 07954744 2024-03-31 07954744 2023-04-01 2024-03-31 07954744 frs-core:CurrentFinancialInstruments 2024-03-31 07954744 frs-core:ShareCapital 2024-03-31 07954744 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07954744
Patrick Janssens Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07954744
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,200 4,800
Tangible Assets 5 28,125 29,129
32,325 33,929
CURRENT ASSETS
Stock 6 47,072 39,714
Debtors 7 9,897 13,803
Cash at bank and in hand 8,088 5,988
65,057 59,505
Creditors: Amounts Falling Due Within One Year 8 (80,425 ) (84,673 )
NET CURRENT ASSETS (LIABILITIES) (15,368 ) (25,168 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,957 8,761
PROVISIONS FOR LIABILITIES
Deferred Taxation (560 ) (751 )
NET ASSETS 16,397 8,010
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 16,297 7,910
SHAREHOLDERS' FUNDS 16,397 8,010
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For the year ending 31 March 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 Patrick Janssens
Director
18 June 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
Patrick Janssens Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07954744 . The registered office is The Willows, Moor Drove, Hockwold, Thetford, Norfolk, IP26 4JL.
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, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. 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:
Improvements to Property Not Applicable
Motor Vehicles 25% on reducing balance
Equipment 25% on reducing balance
Office Equipment 33% on cost
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.6. 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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2.7. 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: 3 (2024: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 12,000
As at 31 March 2025 12,000
Amortisation
As at 1 April 2024 7,200
Provided during the period 600
As at 31 March 2025 7,800
Net Book Value
As at 31 March 2025 4,200
As at 1 April 2024 4,800
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5. Tangible Assets
Improvements to Property Motor Vehicles Equipment Office Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 25,176 20,190 2,739 2,927 51,032
As at 31 March 2025 25,176 20,190 2,739 2,927 51,032
Depreciation
As at 1 April 2024 - 16,597 2,467 2,839 21,903
Provided during the period - 898 68 38 1,004
As at 31 March 2025 - 17,495 2,535 2,877 22,907
Net Book Value
As at 31 March 2025 25,176 2,695 204 50 28,125
As at 1 April 2024 25,176 3,593 272 88 29,129
6. Stock
2025 2024
£ £
Stock 47,072 39,714
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 8,285 11,050
Prepayments and accrued income 1,250 1,368
Other debtors 362 1,385
9,897 13,803
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,330 3,490
Corporation tax 2,378 2,626
Social security & other taxes 460 -
Other creditors 1,900 1,900
Accrued expenses 1,102 1,020
Directors' loan accounts 66,255 75,637
80,425 84,673
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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