Acorah Software Products - Accounts Production 16.4.675 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 05015447 Mr N Mills Mr A Holloway iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05015447 2024-01-31 05015447 2025-01-31 05015447 2024-02-01 2025-01-31 05015447 frs-core:CurrentFinancialInstruments 2025-01-31 05015447 frs-core:Non-currentFinancialInstruments 2025-01-31 05015447 frs-core:BetweenOneFiveYears 2025-01-31 05015447 frs-core:ComputerEquipment 2025-01-31 05015447 frs-core:ComputerEquipment 2024-02-01 2025-01-31 05015447 frs-core:ComputerEquipment 2024-01-31 05015447 frs-core:FurnitureFittings 2025-01-31 05015447 frs-core:FurnitureFittings 2024-02-01 2025-01-31 05015447 frs-core:FurnitureFittings 2024-01-31 05015447 frs-core:NetGoodwill 2025-01-31 05015447 frs-core:NetGoodwill 2024-02-01 2025-01-31 05015447 frs-core:NetGoodwill 2024-01-31 05015447 frs-core:MotorVehicles 2025-01-31 05015447 frs-core:MotorVehicles 2024-02-01 2025-01-31 05015447 frs-core:MotorVehicles 2024-01-31 05015447 frs-core:PlantMachinery 2025-01-31 05015447 frs-core:PlantMachinery 2024-02-01 2025-01-31 05015447 frs-core:PlantMachinery 2024-01-31 05015447 frs-core:WithinOneYear 2025-01-31 05015447 frs-core:ShareCapital 2025-01-31 05015447 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 05015447 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 05015447 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 05015447 frs-bus:SmallEntities 2024-02-01 2025-01-31 05015447 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 05015447 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 05015447 frs-bus:Director1 2024-02-01 2025-01-31 05015447 frs-bus:Director2 2024-02-01 2025-01-31 05015447 frs-countries:EnglandWales 2024-02-01 2025-01-31 05015447 2023-01-31 05015447 2024-01-31 05015447 2023-02-01 2024-01-31 05015447 frs-core:CurrentFinancialInstruments 2024-01-31 05015447 frs-core:Non-currentFinancialInstruments 2024-01-31 05015447 frs-core:BetweenOneFiveYears 2024-01-31 05015447 frs-core:WithinOneYear 2024-01-31 05015447 frs-core:ShareCapital 2024-01-31 05015447 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 05015447
JLG Hydraulics Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05015447
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 5 26,750 29,750
Tangible Assets 6 62,934 42,349
89,684 72,099
CURRENT ASSETS
Stocks 7 71,473 77,754
Debtors 8 255,004 308,377
Cash at bank and in hand 85,828 18
412,305 386,149
Creditors: Amounts Falling Due Within One Year 9 (240,868 ) (258,872 )
NET CURRENT ASSETS (LIABILITIES) 171,437 127,277
TOTAL ASSETS LESS CURRENT LIABILITIES 261,121 199,376
Creditors: Amounts Falling Due After More Than One Year 10 (102,096 ) (93,475 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,795 ) (8,022 )
NET ASSETS 151,230 97,879
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 151,130 97,779
SHAREHOLDERS' FUNDS 151,230 97,879
Page 1
Page 2
For the year ending 31 January 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 N Mills
Director
Mr A Holloway
Director
16/07/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JLG Hydraulics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05015447 . The registered office is Unit 5 Canal Street, Burton Upon Trent, Staffordshire, DE14 3TB.
2. Statement of Compliance
The financial statements have been prepared 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.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
3.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
3.3. Significant judgements and estimations
No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements. 
No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made. 
3.4. 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.
3.5. 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 the profit and loss account over its estimated economic life of 10 years.
3.6. 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 10 year straight line
Motor Vehicles 4 year straight line
Fixtures & Fittings 10 year straight line
Computer Equipment 5 year straight line
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3.7. 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 the profit and loss account as incurred.
3.8. 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.
3.9. 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.
3.10. 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.
3.11. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. 
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. 
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. 
3.12. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. 
4. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
Page 4
Page 5
5. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 55,000
As at 31 January 2025 55,000
Amortisation
As at 1 February 2024 25,250
Provided during the period 3,000
As at 31 January 2025 28,250
Net Book Value
As at 31 January 2025 26,750
As at 1 February 2024 29,750
6. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 23,472 127,134 45,869 65,906 262,381
Additions - 37,756 - - 37,756
As at 31 January 2025 23,472 164,890 45,869 65,906 300,137
Depreciation
As at 1 February 2024 22,966 106,308 30,528 60,230 220,032
Provided during the period 114 9,110 2,615 5,332 17,171
As at 31 January 2025 23,080 115,418 33,143 65,562 237,203
Net Book Value
As at 31 January 2025 392 49,472 12,726 344 62,934
As at 1 February 2024 506 20,826 15,341 5,676 42,349
7. Stocks
2025 2024
£ £
Materials 71,473 77,754
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 236,283 288,526
Other debtors 18,721 19,851
255,004 308,377
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9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 14,542 8,723
Trade creditors 89,753 89,401
Bank loans and overdrafts 9,335 15,720
Other creditors 64,763 67,656
Taxation and social security 62,475 77,372
240,868 258,872
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 53,086 29,130
Bank loans 19,010 28,345
Other creditors 30,000 36,000
102,096 93,475
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,542 8,723
Later than one year and not later than five years 53,086 29,130
67,628 37,853
67,628 37,853
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
13. Related Party Transactions
Transactions with directors
All directors remuneration was paid under the normal market conditions. 
Loans from related parties
Key management
Total
2025
£
£
At start of period
36,000
36,000
Repaid
(6,000)
(6,000)
image
image
At the end of period
30,000
image
30,000
image
Terms of loans from related parties
There are no repayment terms or interest charged on loans to and from key management. All loans are repayable on demand. 
Page 6