Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 SC334377 Mr John Hume Mrs Natalie Hume iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC334377 2023-11-30 SC334377 2024-11-30 SC334377 2023-12-01 2024-11-30 SC334377 frs-core:CurrentFinancialInstruments 2024-11-30 SC334377 frs-core:Non-currentFinancialInstruments 2024-11-30 SC334377 frs-core:BetweenOneFiveYears 2024-11-30 SC334377 frs-core:ComputerEquipment 2024-11-30 SC334377 frs-core:ComputerEquipment 2023-12-01 2024-11-30 SC334377 frs-core:ComputerEquipment 2023-11-30 SC334377 frs-core:NetGoodwill 2024-11-30 SC334377 frs-core:NetGoodwill 2023-12-01 2024-11-30 SC334377 frs-core:NetGoodwill 2023-11-30 SC334377 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 SC334377 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC334377 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 SC334377 frs-core:MotorVehicles 2024-11-30 SC334377 frs-core:MotorVehicles 2023-12-01 2024-11-30 SC334377 frs-core:MotorVehicles 2023-11-30 SC334377 frs-core:PlantMachinery 2024-11-30 SC334377 frs-core:PlantMachinery 2023-12-01 2024-11-30 SC334377 frs-core:PlantMachinery 2023-11-30 SC334377 frs-core:WithinOneYear 2024-11-30 SC334377 frs-core:ShareCapital 2024-11-30 SC334377 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC334377 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC334377 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 SC334377 frs-bus:SmallEntities 2023-12-01 2024-11-30 SC334377 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC334377 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC334377 frs-bus:Director1 2023-12-01 2024-11-30 SC334377 frs-bus:Director2 2023-12-01 2024-11-30 SC334377 frs-countries:Scotland 2023-12-01 2024-11-30 SC334377 2022-11-30 SC334377 2023-11-30 SC334377 2022-12-01 2023-11-30 SC334377 frs-core:CurrentFinancialInstruments 2023-11-30 SC334377 frs-core:Non-currentFinancialInstruments 2023-11-30 SC334377 frs-core:BetweenOneFiveYears 2023-11-30 SC334377 frs-core:WithinOneYear 2023-11-30 SC334377 frs-core:ShareCapital 2023-11-30 SC334377 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: SC334377
JNR Engineering Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Dunellan Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC334377
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,783 3,662
Tangible Assets 5 262,111 292,231
264,894 295,893
CURRENT ASSETS
Stocks 6 7,429 6,973
Debtors 7 109,445 99,565
Cash at bank and in hand 17,206 78,779
134,080 185,317
Creditors: Amounts Falling Due Within One Year 8 (168,342 ) (126,496 )
NET CURRENT ASSETS (LIABILITIES) (34,262 ) 58,821
TOTAL ASSETS LESS CURRENT LIABILITIES 230,632 354,714
Creditors: Amounts Falling Due After More Than One Year 9 (141,741 ) (202,510 )
NET ASSETS 88,891 152,204
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 88,889 152,202
SHAREHOLDERS' FUNDS 88,891 152,204
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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 John Hume
Director
26/08/2025
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
JNR Engineering Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC334377 . The registered office is 8 Sandray Gardens, Newton Mearns, Glasgow, G77 5GX.
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 20 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:
Freehold 5% on cost
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on cost
2.5. 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.
2.6. 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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2.7. 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.
2.8. 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.
The charge for the year was £11,686 (2023 £11,328).
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 17,577
As at 30 November 2024 17,577
Amortisation
As at 1 December 2023 13,915
Provided during the period 879
As at 30 November 2024 14,794
Net Book Value
As at 30 November 2024 2,783
As at 1 December 2023 3,662
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 4,941 475,070 27,183 4,272 511,466
Additions - 5,000 - - 5,000
As at 30 November 2024 4,941 480,070 27,183 4,272 516,466
Depreciation
As at 1 December 2023 1,770 187,819 25,374 4,272 219,235
Provided during the period 247 34,421 452 - 35,120
As at 30 November 2024 2,017 222,240 25,826 4,272 254,355
Net Book Value
As at 30 November 2024 2,924 257,830 1,357 - 262,111
As at 1 December 2023 3,171 287,251 1,809 - 292,231
6. Stocks
2024 2023
£ £
Stock 7,429 6,973
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 109,445 99,443
Prepayments and accrued income - 122
109,445 99,565
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 31,143 46,263
Trade creditors 42,404 24,858
Bank loans and overdrafts 10,000 13,595
Other loans 21,180 21,180
Corporation tax 30,194 -
Other taxes and social security 4,607 2,436
VAT 21,652 12,535
Other creditors 6,300 4,693
Accruals and deferred income 862 936
168,342 126,496
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 88,515 118,675
Bank loans 5,571 15,000
Other loans 47,655 68,835
141,741 202,510
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 31,143 46,263
Later than one year and not later than five years 88,515 118,675
119,658 164,938
119,658 164,938
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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