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 13634324 Mr R A Kemp Mr J H Smith Mr N C Suter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13634324 2023-09-30 13634324 2024-09-30 13634324 2023-10-01 2024-09-30 13634324 frs-core:CurrentFinancialInstruments 2024-09-30 13634324 frs-core:Non-currentFinancialInstruments 2024-09-30 13634324 frs-core:ComputerEquipment 2024-09-30 13634324 frs-core:ComputerEquipment 2023-10-01 2024-09-30 13634324 frs-core:ComputerEquipment 2023-09-30 13634324 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 13634324 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 13634324 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 13634324 frs-core:PlantMachinery 2024-09-30 13634324 frs-core:PlantMachinery 2023-10-01 2024-09-30 13634324 frs-core:PlantMachinery 2023-09-30 13634324 frs-core:ShareCapital 2024-09-30 13634324 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 13634324 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13634324 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 13634324 frs-bus:SmallEntities 2023-10-01 2024-09-30 13634324 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 13634324 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 13634324 frs-bus:Director1 2023-10-01 2024-09-30 13634324 frs-bus:Director2 2023-10-01 2024-09-30 13634324 frs-bus:Director3 2023-10-01 2024-09-30 13634324 frs-core:CurrentFinancialInstruments 1 2024-09-30 13634324 frs-core:Non-currentFinancialInstruments 1 2024-09-30 13634324 frs-core:CurrentFinancialInstruments 2 2024-09-30 13634324 frs-core:Non-currentFinancialInstruments 2 2024-09-30 13634324 frs-core:CurrentFinancialInstruments 3 2024-09-30 13634324 frs-core:Non-currentFinancialInstruments 3 2024-09-30 13634324 frs-core:CurrentFinancialInstruments 4 2024-09-30 13634324 frs-core:CurrentFinancialInstruments 5 2024-09-30 13634324 frs-core:Non-currentFinancialInstruments 5 2024-09-30 13634324 frs-countries:EnglandWales 2023-10-01 2024-09-30 13634324 2022-09-30 13634324 2023-09-30 13634324 2022-10-01 2023-09-30 13634324 frs-core:CurrentFinancialInstruments 2023-09-30 13634324 frs-core:Non-currentFinancialInstruments 2023-09-30 13634324 frs-core:ShareCapital 2023-09-30 13634324 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 13634324 frs-core:CurrentFinancialInstruments 1 2023-09-30 13634324 frs-core:Non-currentFinancialInstruments 1 2023-09-30 13634324 frs-core:CurrentFinancialInstruments 2 2023-09-30 13634324 frs-core:Non-currentFinancialInstruments 2 2023-09-30 13634324 frs-core:CurrentFinancialInstruments 3 2023-09-30 13634324 frs-core:Non-currentFinancialInstruments 3 2023-09-30 13634324 frs-core:CurrentFinancialInstruments 4 2023-09-30 13634324 frs-core:CurrentFinancialInstruments 5 2023-09-30 13634324 frs-core:Non-currentFinancialInstruments 5 2023-09-30
Registered number: 13634324
JNR Precision Engineering Ltd
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13634324
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 514,592 438,826
514,592 438,826
CURRENT ASSETS
Stocks 5 85,000 65,000
Debtors 6 225,591 176,491
Cash at bank and in hand 8,374 42,375
318,965 283,866
Creditors: Amounts Falling Due Within One Year 7 (419,115 ) (415,876 )
NET CURRENT ASSETS (LIABILITIES) (100,150 ) (132,010 )
TOTAL ASSETS LESS CURRENT LIABILITIES 414,442 306,816
Creditors: Amounts Falling Due After More Than One Year 8 (251,129 ) (216,692 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (127,548 ) -
NET ASSETS 35,765 90,124
CAPITAL AND RESERVES
Called up share capital 9 104 104
Profit and Loss Account 35,661 90,020
SHAREHOLDERS' FUNDS 35,765 90,124
Page 1
Page 2
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 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 R A Kemp
Director
Mr J H Smith
Director
Mr N C Suter
Director
30/06/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
JNR Precision Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13634324 . The registered office is 81 High Street, Cosham, Hampshire, PO6 3BL.
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:
Leasehold 20% Straight line
Plant & Machinery 10% Reducing balance
Computer Equipment 33% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
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2.6. Financial Instruments
The company has elected to apply the recognition and measurement provisions of Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. 
Basic financial instruments, including trade debtors, cash and bank balances, trade creditors, loans, and other short-term monetary items, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment. Financial liabilities are classified according to the substance of the contractual arrangements entered into. Financial assets are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss. 
The company does not hold or issue any complex financial instruments such as derivatives, options or forward contracts.
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 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 6)
8 6
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 10,451 532,083 2,040 544,574
Additions - 135,150 - 135,150
As at 30 September 2024 10,451 667,233 2,040 679,724
...CONTINUED
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Page 5
Depreciation
As at 1 October 2023 3,292 101,096 1,360 105,748
Provided during the period 2,091 56,613 680 59,384
As at 30 September 2024 5,383 157,709 2,040 165,132
Net Book Value
As at 30 September 2024 5,068 509,524 - 514,592
As at 1 October 2023 7,159 430,987 680 438,826
5. Stocks
2024 2023
£ £
Stock 40,000 30,000
Work in progress 45,000 35,000
85,000 65,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 176,115 134,348
Prepayments and accrued income 25,476 18,143
201,591 152,491
Due after more than one year
Rent deposit 24,000 24,000
225,591 176,491
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 104,362 45,271
Other taxes and social security 4,642 2,426
VAT 11,836 36,020
Hire purchase - i600 & J200 45,702 41,457
Hire purchase - QTE200 13,124 12,172
Hire purchase - VTC760C 13,080 11,886
Pension payables 886 478
Hire purchase < 1yr - QT250MB 15,293 -
Accruals and deferred income 2,533 60,420
Directors' loan accounts 207,657 205,746
419,115 415,876
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Hire purchase >1yr - i600 & J200 91,525 137,227
Hire purchase >1yr - QTE200 31,580 34,761
Hire purchase >1yr - VTC760C 21,682 44,704
Hire purchase > 1yr - QT250MB 106,342 -
251,129 216,692
The company is commited to annual rental payments of £87,200 for a further three years for the lease of the premises.
10. Related Party Transactions
At the Balance Sheet date the company owed a director and shareholder a total of £182,455 
At the Balance Sheet date the company owed a director and shareholder a total of £13,176
At the Balance Sheet date the company owed a director and shareholder a total of £12,025
All loans to the company have been made intrest free and are repayable upon demand. 
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