Acorah Software Products - Accounts Production 16.4.675 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 3473104 Mr Ray Williams Mrs Gillian Watkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3473104 2024-01-31 3473104 2025-01-31 3473104 2024-02-01 2025-01-31 3473104 frs-core:CurrentFinancialInstruments 2025-01-31 3473104 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 3473104 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 3473104 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 3473104 frs-core:MotorVehicles 2025-01-31 3473104 frs-core:MotorVehicles 2024-02-01 2025-01-31 3473104 frs-core:MotorVehicles 2024-01-31 3473104 frs-core:PlantMachinery 2025-01-31 3473104 frs-core:PlantMachinery 2024-02-01 2025-01-31 3473104 frs-core:PlantMachinery 2024-01-31 3473104 frs-core:ShareCapital 2025-01-31 3473104 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 3473104 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 3473104 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 3473104 frs-bus:SmallEntities 2024-02-01 2025-01-31 3473104 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 3473104 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 3473104 frs-bus:Director1 2024-02-01 2025-01-31 3473104 frs-bus:Director2 2024-02-01 2025-01-31 3473104 frs-bus:Director2 2024-01-31 3473104 frs-bus:Director2 2025-01-31 3473104 frs-countries:EnglandWales 2024-02-01 2025-01-31 3473104 2023-01-31 3473104 2024-01-31 3473104 2023-02-01 2024-01-31 3473104 frs-core:CurrentFinancialInstruments 2024-01-31 3473104 frs-core:ShareCapital 2024-01-31 3473104 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 3473104
James and Williams Limited
Financial Statements
For The Year Ended 31 January 2025
19 Church Street
Ross on Wye
Herefordshire
HR9 5HN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 3473104
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 92,760 126,314
92,760 126,314
CURRENT ASSETS
Stocks 5 27,600 29,100
Debtors 6 150,054 142,600
Cash at bank and in hand 199,097 245,461
376,751 417,161
Creditors: Amounts Falling Due Within One Year 7 (84,065 ) (110,764 )
NET CURRENT ASSETS (LIABILITIES) 292,686 306,397
TOTAL ASSETS LESS CURRENT LIABILITIES 385,446 432,711
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,060 ) (19,742 )
NET ASSETS 362,386 412,969
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 361,386 411,969
SHAREHOLDERS' FUNDS 362,386 412,969
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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
Mrs Gillian Watkins
Director
11/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
James and Williams Limited Registered number 3473104 is a limited by shares company incorporated in England & Wales. The Registered Office is Jupiter Works, Gooses Foot, Kingstone, Herefordshire.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold 0%
Plant & Machinery 15% pa on book value
Motor Vehicles 20% pa on book value
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.
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 18 (2024: 18)
18 18
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 February 2024 21,771 483,153 52,021 556,945
Additions - 5,030 - 5,030
Disposals (21,771 ) - - (21,771 )
As at 31 January 2025 - 488,183 52,021 540,204
Depreciation
As at 1 February 2024 - 382,387 48,244 430,631
Provided during the period - 15,870 943 16,813
As at 31 January 2025 - 398,257 49,187 447,444
Net Book Value
As at 31 January 2025 - 89,926 2,834 92,760
As at 1 February 2024 21,771 100,766 3,777 126,314
5. Stocks
2025 2024
£ £
Stock 26,100 27,600
Work in progress 1,500 1,500
27,600 29,100
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 145,573 137,905
Prepayments and accrued income 2,479 2,511
Directors' loan accounts 2,002 2,184
150,054 142,600
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 14,963 50,625
Corporation tax 25,607 18,505
Other taxes and social security 4,587 5,344
VAT 31,716 22,969
Other creditors 5,523 10,813
Directors' loan accounts 1,669 2,508
84,065 110,764
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Ray Williams 2,184 2,002 2,184 - 2,002
The above loan is unsecured, interest free and repayable on demand.
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