Acorah Software Products - Accounts Production 16.4.660 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 13008367 Mr J Phillips Mrs N A Phillips iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13008367 2023-11-30 13008367 2024-11-30 13008367 2023-12-01 2024-11-30 13008367 frs-core:CurrentFinancialInstruments 2024-11-30 13008367 frs-core:ComputerEquipment 2024-11-30 13008367 frs-core:ComputerEquipment 2023-12-01 2024-11-30 13008367 frs-core:ComputerEquipment 2023-11-30 13008367 frs-core:FurnitureFittings 2024-11-30 13008367 frs-core:FurnitureFittings 2023-12-01 2024-11-30 13008367 frs-core:FurnitureFittings 2023-11-30 13008367 frs-core:MotorVehicles 2024-11-30 13008367 frs-core:MotorVehicles 2023-12-01 2024-11-30 13008367 frs-core:MotorVehicles 2023-11-30 13008367 frs-core:PlantMachinery 2024-11-30 13008367 frs-core:PlantMachinery 2023-12-01 2024-11-30 13008367 frs-core:PlantMachinery 2023-11-30 13008367 frs-core:ShareCapital 2024-11-30 13008367 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 13008367 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13008367 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 13008367 frs-bus:SmallEntities 2023-12-01 2024-11-30 13008367 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13008367 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 13008367 frs-bus:Director1 2023-12-01 2024-11-30 13008367 frs-bus:Director2 2023-12-01 2024-11-30 13008367 frs-countries:EnglandWales 2023-12-01 2024-11-30 13008367 2022-11-30 13008367 2023-11-30 13008367 2022-12-01 2023-11-30 13008367 frs-core:CurrentFinancialInstruments 2023-11-30 13008367 frs-core:ShareCapital 2023-11-30 13008367 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 13008367
JMP Marine Services Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13008367
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,750 33,668
50,750 33,668
CURRENT ASSETS
Stocks 5 64,599 38,358
Debtors 6 104,342 70,102
Cash at bank and in hand 65,022 88,406
233,963 196,866
Creditors: Amounts Falling Due Within One Year 7 (277,455 ) (153,704 )
NET CURRENT ASSETS (LIABILITIES) (43,492 ) 43,162
TOTAL ASSETS LESS CURRENT LIABILITIES 7,258 76,830
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,253 ) (6,526 )
NET ASSETS 2,005 70,304
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,905 70,204
SHAREHOLDERS' FUNDS 2,005 70,304
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For the year ending 30 November 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 J Phillips
Director
13th June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JMP Marine Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13008367 . The registered office is Hamble Point Marina, School Lane, Hamble, Southampton, Hampshire, SO31 4NB.
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 25% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
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.
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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.
2.6. 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 as follows: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 6,911 51,767 1,522 3,263 63,463
Additions 2,480 40,500 - - 42,980
Disposals - (16,517 ) - - (16,517 )
As at 30 November 2024 9,391 75,750 1,522 3,263 89,926
Depreciation
As at 1 December 2023 3,082 23,822 666 2,225 29,795
Provided during the period 1,925 14,608 214 694 17,441
Disposals - (8,060 ) - - (8,060 )
As at 30 November 2024 5,007 30,370 880 2,919 39,176
...CONTINUED
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Net Book Value
As at 30 November 2024 4,384 45,380 642 344 50,750
As at 1 December 2023 3,829 27,945 856 1,038 33,668
5. Stocks
2024 2023
£ £
Stock 64,599 38,358
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 96,534 58,724
Prepayments and accrued income 6,183 9,653
Other debtors 1,625 1,725
104,342 70,102
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 64,066 61,856
Other taxes and social security 94,301 66,764
VAT 37,421 22,610
Other creditors 59,752 503
Accruals and deferred income 21,915 1,971
277,455 153,704
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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