Acorah Software Products - Accounts Production 16.4.660 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 NI618350 Mrs Geraldine Millar Mr Stephen Millar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI618350 2024-04-30 NI618350 2025-04-30 NI618350 2024-05-01 2025-04-30 NI618350 frs-core:CurrentFinancialInstruments 2025-04-30 NI618350 frs-core:Non-currentFinancialInstruments 2025-04-30 NI618350 frs-core:FurnitureFittings 2025-04-30 NI618350 frs-core:FurnitureFittings 2024-05-01 2025-04-30 NI618350 frs-core:FurnitureFittings 2024-04-30 NI618350 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-30 NI618350 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 NI618350 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 NI618350 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-30 NI618350 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 NI618350 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 NI618350 frs-core:MoreThanFiveYears 2025-04-30 NI618350 frs-core:MotorVehicles 2025-04-30 NI618350 frs-core:MotorVehicles 2024-05-01 2025-04-30 NI618350 frs-core:MotorVehicles 2024-04-30 NI618350 frs-core:PlantMachinery 2025-04-30 NI618350 frs-core:PlantMachinery 2024-05-01 2025-04-30 NI618350 frs-core:PlantMachinery 2024-04-30 NI618350 frs-core:WithinOneYear 2025-04-30 NI618350 frs-core:ShareCapital 2025-04-30 NI618350 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 NI618350 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 NI618350 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 NI618350 frs-bus:SmallEntities 2024-05-01 2025-04-30 NI618350 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 NI618350 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 NI618350 frs-bus:Director1 2024-05-01 2025-04-30 NI618350 frs-bus:Director2 2024-05-01 2025-04-30 NI618350 frs-countries:NorthernIreland 2024-05-01 2025-04-30 NI618350 2023-04-30 NI618350 2024-04-30 NI618350 2023-05-01 2024-04-30 NI618350 frs-core:CurrentFinancialInstruments 2024-04-30 NI618350 frs-core:Non-currentFinancialInstruments 2024-04-30 NI618350 frs-core:MoreThanFiveYears 2024-04-30 NI618350 frs-core:WithinOneYear 2024-04-30 NI618350 frs-core:ShareCapital 2024-04-30 NI618350 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: NI618350
L J Millar And Sons Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
AGL Chartered Accountants
Unit 44
Strabane Enterprise Agency
Strabane
Co Tyrone
BT82 9FR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI618350
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 305,020 308,911
305,020 308,911
CURRENT ASSETS
Stocks 5 344,452 430,379
Debtors 6 251,962 201,130
Cash at bank and in hand 79,365 -
675,779 631,509
Creditors: Amounts Falling Due Within One Year 7 (356,462 ) (369,118 )
NET CURRENT ASSETS (LIABILITIES) 319,317 262,391
TOTAL ASSETS LESS CURRENT LIABILITIES 624,337 571,302
Creditors: Amounts Falling Due After More Than One Year 8 (92,914 ) (143,281 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,810 ) (42,810 )
NET ASSETS 488,613 385,211
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 488,611 385,209
SHAREHOLDERS' FUNDS 488,613 385,211
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For the year ending 30 April 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 Stephen Millar
Director
30/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
L J Millar And Sons Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI618350 . The registered office is 289 Melmount Road, Victoria Bridge, Strabane, County Tyrone, BT82 9JG.
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:
Freehold No depreciation
Leasehold No depreciation
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 20% 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.
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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. 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 7)
7 7
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 May 2024 - 1,338 961,841 407,930
Additions 20,000 - 60,458 -
As at 30 April 2025 20,000 1,338 1,022,299 407,930
Depreciation
As at 1 May 2024 - - 659,296 402,902
Provided during the period - - 91,909 1,006
As at 30 April 2025 - - 751,205 403,908
Net Book Value
As at 30 April 2025 20,000 1,338 271,094 4,022
As at 1 May 2024 - 1,338 302,545 5,028
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Fixtures & Fittings Total
£ £
Cost
As at 1 May 2024 - 1,371,109
Additions 10,708 91,166
As at 30 April 2025 10,708 1,462,275
Depreciation
As at 1 May 2024 - 1,062,198
Provided during the period 2,142 95,057
As at 30 April 2025 2,142 1,157,255
Net Book Value
As at 30 April 2025 8,566 305,020
As at 1 May 2024 - 308,911
5. Stocks
2025 2024
£ £
Work in progress 344,452 430,379
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 54,842 14,623
VAT 17,800 16,273
LJM Builders Suppliers Ltd. 179,320 170,234
251,962 201,130
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 60,756 55,656
Trade creditors 109,975 84,133
Bank loans and overdrafts 10,817 26,719
Corporation tax 23,660 -
Other taxes and social security 3,776 3,115
Other creditors 3,690 16,300
Accruals and deferred income 1,042 2,260
Directors' loan accounts 130,246 168,435
LJ Millar and Sons (Holdings) Ltd 12,500 12,500
356,462 369,118
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 91,391 131,602
Bank loans 1,523 11,679
92,914 143,281
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 60,756 55,656
Later than five years 91,391 131,602
152,147 187,258
152,147 187,258
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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