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 06726511 Mrs Clare Pinnick Thornton Mrs Julia Thornton Mr Steven Thornton Mr Tony Thornton Mrs Clare Pinnick Thornton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06726511 2023-10-31 06726511 2024-10-31 06726511 2023-11-01 2024-10-31 06726511 frs-core:CurrentFinancialInstruments 2024-10-31 06726511 frs-core:Non-currentFinancialInstruments 2024-10-31 06726511 frs-core:FurnitureFittings 2024-10-31 06726511 frs-core:FurnitureFittings 2023-11-01 2024-10-31 06726511 frs-core:FurnitureFittings 2023-10-31 06726511 frs-core:NetGoodwill 2024-10-31 06726511 frs-core:NetGoodwill 2023-11-01 2024-10-31 06726511 frs-core:NetGoodwill 2023-10-31 06726511 frs-core:MotorVehicles 2024-10-31 06726511 frs-core:MotorVehicles 2023-11-01 2024-10-31 06726511 frs-core:MotorVehicles 2023-10-31 06726511 frs-core:PlantMachinery 2024-10-31 06726511 frs-core:PlantMachinery 2023-11-01 2024-10-31 06726511 frs-core:PlantMachinery 2023-10-31 06726511 frs-core:ShareCapital 2024-10-31 06726511 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 06726511 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06726511 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 06726511 frs-bus:SmallEntities 2023-11-01 2024-10-31 06726511 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 06726511 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 06726511 frs-bus:Director1 2023-11-01 2024-10-31 06726511 frs-bus:Director2 2023-11-01 2024-10-31 06726511 frs-bus:Director3 2023-11-01 2024-10-31 06726511 frs-bus:Director4 2023-11-01 2024-10-31 06726511 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 06726511 frs-countries:EnglandWales 2023-11-01 2024-10-31 06726511 2022-10-31 06726511 2023-10-31 06726511 2022-11-01 2023-10-31 06726511 frs-core:CurrentFinancialInstruments 2023-10-31 06726511 frs-core:Non-currentFinancialInstruments 2023-10-31 06726511 frs-core:ShareCapital 2023-10-31 06726511 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 06726511
J T Services (Leicester) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
SGL Accountancy Limited
ICAEW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06726511
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 35,788 12,397
Investment Properties 6 157,637 -
193,425 12,397
CURRENT ASSETS
Debtors 7 15,865 540
Cash at bank and in hand 66,345 214,438
82,210 214,978
Creditors: Amounts Falling Due Within One Year 8 (193,662 ) (200,571 )
NET CURRENT ASSETS (LIABILITIES) (111,452 ) 14,407
TOTAL ASSETS LESS CURRENT LIABILITIES 81,973 26,804
Creditors: Amounts Falling Due After More Than One Year 9 (29,403 ) -
NET ASSETS 52,570 26,804
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 52,470 26,704
SHAREHOLDERS' FUNDS 52,570 26,804
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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 Steven Thornton
Director
Mr Tony Thornton
Director
23/07/2025
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 T Services (Leicester) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06726511 . The registered office is 15 Wensleydale Road, Wigston, Leicestershire, LE18 3RX.
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. 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 .... 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:
Plant & Machinery 25% SL
Motor Vehicles 25% SL
Fixtures & Fittings 33% SL
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. 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.
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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 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. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 10,000
As at 31 October 2024 10,000
Amortisation
As at 1 November 2023 10,000
As at 31 October 2024 10,000
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 29,082 47,456 7,149 83,687
Additions - 40,195 - 40,195
As at 31 October 2024 29,082 87,651 7,149 123,882
...CONTINUED
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Page 5
Depreciation
As at 1 November 2023 28,964 35,178 7,148 71,290
Provided during the period 117 16,687 - 16,804
As at 31 October 2024 29,081 51,865 7,148 88,094
Net Book Value
As at 31 October 2024 1 35,786 1 35,788
As at 1 November 2023 118 12,278 1 12,397
6. Investment Property
2024
£
Fair Value
As at 1 November 2023 -
Additions 157,637
As at 31 October 2024 157,637
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,151 540
Other debtors 3,714 -
15,865 540
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,974 -
Trade creditors 281 416
Other creditors 180,999 192,908
Taxation and social security 9,408 7,247
193,662 200,571
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 29,403 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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