Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11476326 Mrs Ann Bloor Mr Gareth Bloor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11476326 2024-03-31 11476326 2025-03-31 11476326 2024-04-01 2025-03-31 11476326 frs-core:CurrentFinancialInstruments 2025-03-31 11476326 frs-core:Non-currentFinancialInstruments 2025-03-31 11476326 frs-core:NetGoodwill 2025-03-31 11476326 frs-core:NetGoodwill 2024-04-01 2025-03-31 11476326 frs-core:NetGoodwill 2024-03-31 11476326 frs-core:PlantMachinery 2025-03-31 11476326 frs-core:PlantMachinery 2024-04-01 2025-03-31 11476326 frs-core:PlantMachinery 2024-03-31 11476326 frs-core:ShareCapital 2025-03-31 11476326 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11476326 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11476326 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11476326 frs-bus:SmallEntities 2024-04-01 2025-03-31 11476326 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11476326 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11476326 frs-bus:Director1 2024-04-01 2025-03-31 11476326 frs-bus:Director2 2024-04-01 2025-03-31 11476326 frs-countries:EnglandWales 2024-04-01 2025-03-31 11476326 2023-03-31 11476326 2024-03-31 11476326 2023-04-01 2024-03-31 11476326 frs-core:CurrentFinancialInstruments 2024-03-31 11476326 frs-core:Non-currentFinancialInstruments 2024-03-31 11476326 frs-core:ShareCapital 2024-03-31 11476326 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11476326
AJG Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11476326
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 23,000 23,000
Tangible Assets 5 76,929 91,939
99,929 114,939
CURRENT ASSETS
Stocks 56,566 49,001
Debtors 6 14,395 25,766
Cash at bank and in hand 53,302 50,200
124,263 124,967
Creditors: Amounts Falling Due Within One Year 7 (55,617 ) (82,305 )
NET CURRENT ASSETS (LIABILITIES) 68,646 42,662
TOTAL ASSETS LESS CURRENT LIABILITIES 168,575 157,601
Creditors: Amounts Falling Due After More Than One Year 8 - (4,571 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,232 ) (22,985 )
NET ASSETS 149,343 130,045
CAPITAL AND RESERVES
Called up share capital 60 60
Profit and Loss Account 149,283 129,985
SHAREHOLDERS' FUNDS 149,343 130,045
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For the year ending 31 March 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 Ann Bloor
Director
Mr Gareth Bloor
Director
5 September 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
AJG Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11476326 . The registered office is Treetops, South Petherwin, Launceston, PL15 7LE.
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 initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. 
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 15% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
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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.
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 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: 2 (2024: 3)
2 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 23,000
As at 31 March 2025 23,000
Net Book Value
As at 31 March 2025 23,000
As at 1 April 2024 23,000
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 126,985
Additions 17,390
Disposals (31,795 )
As at 31 March 2025 112,580
Depreciation
As at 1 April 2024 35,046
Provided during the period 10,944
Disposals (10,339 )
As at 31 March 2025 35,651
Net Book Value
As at 31 March 2025 76,929
As at 1 April 2024 91,939
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 8,765 21,086
Other debtors 5,630 4,680
14,395 25,766
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,071 4,283
Trade creditors 19,748 32,866
Bank loans and overdrafts - 3,000
Other creditors 27,387 29,532
Taxation and social security 7,411 12,624
55,617 82,305
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 1,071
Bank loans - 3,500
- 4,571
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