Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12955462 Mr Stefan Clay Mr Jacob Viaene iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12955462 2023-10-31 12955462 2024-10-31 12955462 2023-11-01 2024-10-31 12955462 frs-core:CurrentFinancialInstruments 2024-10-31 12955462 frs-core:Non-currentFinancialInstruments 2024-10-31 12955462 frs-core:BetweenOneFiveYears 2024-10-31 12955462 frs-core:MotorVehicles 2024-10-31 12955462 frs-core:MotorVehicles 2023-11-01 2024-10-31 12955462 frs-core:MotorVehicles 2023-10-31 12955462 frs-core:WithinOneYear 2024-10-31 12955462 frs-core:ShareCapital 2024-10-31 12955462 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12955462 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12955462 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12955462 frs-bus:SmallEntities 2023-11-01 2024-10-31 12955462 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12955462 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12955462 frs-bus:Director1 2023-11-01 2024-10-31 12955462 frs-bus:Director2 2023-11-01 2024-10-31 12955462 frs-countries:EnglandWales 2023-11-01 2024-10-31 12955462 2022-10-31 12955462 2023-10-31 12955462 2022-11-01 2023-10-31 12955462 frs-core:CurrentFinancialInstruments 2023-10-31 12955462 frs-core:Non-currentFinancialInstruments 2023-10-31 12955462 frs-core:BetweenOneFiveYears 2023-10-31 12955462 frs-core:WithinOneYear 2023-10-31 12955462 frs-core:ShareCapital 2023-10-31 12955462 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12955462
J S Electrical (Midlands) Ltd
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12955462
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,161 17,907
17,161 17,907
CURRENT ASSETS
Stocks 5 2,000 -
Debtors 6 7,412 17,529
Cash at bank and in hand 28,838 100,841
38,250 118,370
Creditors: Amounts Falling Due Within One Year 7 (42,433 ) (80,103 )
NET CURRENT ASSETS (LIABILITIES) (4,183 ) 38,267
TOTAL ASSETS LESS CURRENT LIABILITIES 12,978 56,174
Creditors: Amounts Falling Due After More Than One Year 8 (7,937 ) (10,830 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,290 ) (4,477 )
NET ASSETS 751 40,867
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 651 40,767
SHAREHOLDERS' FUNDS 751 40,867
Page 1
Page 2
For the year ending 31 October 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 Jacob Viaene
Director
30 May 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
J S Electrical (Midlands) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12955462 . The registered office is 7 Faraday Court, Centrum One Hundred, Burton-On-Trent, Staffordshire, DE14 2WX.
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:
Motor Vehicles 25% reducing balance
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 the 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.
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
Page 3
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 November 2023 18,686
As at 31 October 2024 18,686
Depreciation
As at 1 November 2023 779
Provided during the period 746
As at 31 October 2024 1,525
Net Book Value
As at 31 October 2024 17,161
As at 1 November 2023 17,907
5. Stocks
2024 2023
£ £
Stock 2,000 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,764 15,182
Prepayments and accrued income 2,217 1,146
VAT 109 -
Other taxes and social security 2,322 1,201
7,412 17,529
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,893 2,893
Trade creditors 3,904 5,857
Corporation tax 5,232 24,404
VAT - 4,265
Net wages 2,095 2,095
Accruals and deferred income 975 975
Directors' loan accounts 27,334 39,614
42,433 80,103
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,937 10,830
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,893 2,893
Later than one year and not later than five years 7,937 10,830
10,830 13,723
10,830 13,723
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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