Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 December 2024 31 December 2024 10566273 Mr Samuel Jefferis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10566273 2024-01-31 10566273 2024-12-31 10566273 2024-02-01 2024-12-31 10566273 frs-core:CurrentFinancialInstruments 2024-12-31 10566273 frs-core:Non-currentFinancialInstruments 2024-12-31 10566273 frs-core:BetweenOneFiveYears 2024-12-31 10566273 frs-core:ComputerEquipment 2024-12-31 10566273 frs-core:ComputerEquipment 2024-02-01 2024-12-31 10566273 frs-core:ComputerEquipment 2024-01-31 10566273 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-01 2024-12-31 10566273 frs-core:FurnitureFittings 2024-12-31 10566273 frs-core:FurnitureFittings 2024-02-01 2024-12-31 10566273 frs-core:FurnitureFittings 2024-01-31 10566273 frs-core:MotorVehicles 2024-12-31 10566273 frs-core:MotorVehicles 2024-02-01 2024-12-31 10566273 frs-core:MotorVehicles 2024-01-31 10566273 frs-core:OtherResidualIntangibleAssets 2024-12-31 10566273 frs-core:OtherResidualIntangibleAssets 2024-02-01 2024-12-31 10566273 frs-core:OtherResidualIntangibleAssets 2024-01-31 10566273 frs-core:PlantMachinery 2024-12-31 10566273 frs-core:PlantMachinery 2024-02-01 2024-12-31 10566273 frs-core:PlantMachinery 2024-01-31 10566273 frs-core:WithinOneYear 2024-12-31 10566273 frs-core:ShareCapital 2024-12-31 10566273 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10566273 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2024-12-31 10566273 frs-bus:FilletedAccounts 2024-02-01 2024-12-31 10566273 frs-bus:SmallEntities 2024-02-01 2024-12-31 10566273 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2024-12-31 10566273 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2024-12-31 10566273 frs-bus:Director1 2024-02-01 2024-12-31 10566273 frs-countries:EnglandWales 2024-02-01 2024-12-31 10566273 2023-01-31 10566273 2024-01-31 10566273 2023-02-01 2024-01-31 10566273 frs-core:CurrentFinancialInstruments 2024-01-31 10566273 frs-core:Non-currentFinancialInstruments 2024-01-31 10566273 frs-core:BetweenOneFiveYears 2024-01-31 10566273 frs-core:WithinOneYear 2024-01-31 10566273 frs-core:ShareCapital 2024-01-31 10566273 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 10566273
Jefferis Engineering Ltd
Unaudited Financial Statements
For the Period 1 February 2024 to 31 December 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10566273
31 December 2024 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 3,000 -
Tangible Assets 4 187,593 105,762
190,593 105,762
CURRENT ASSETS
Stocks 5 59,402 -
Debtors 6 1,208,428 558,983
Cash at bank and in hand 138,795 79,111
1,406,625 638,094
Creditors: Amounts Falling Due Within One Year 7 (825,712 ) (392,172 )
NET CURRENT ASSETS (LIABILITIES) 580,913 245,922
TOTAL ASSETS LESS CURRENT LIABILITIES 771,506 351,684
Creditors: Amounts Falling Due After More Than One Year 8 (100,319 ) (105,584 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (46,898 ) (25,459 )
NET ASSETS 624,289 220,641
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 624,288 220,640
SHAREHOLDERS' FUNDS 624,289 220,641
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For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Samuel Jefferis
Director
19 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. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development costs. It will be amortised over its useful life once the development is complete and the asset is in use.
1.4. 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% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Straight Line
Computer Equipment 33% Straight Line
1.5. 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.
1.6. 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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1.7. 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 period, 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. Average Number of Employees
Average number of employees, including directors, during the year was 7 (2024: 7)
7 7
3. Intangible Assets
Other
£
Cost
As at 1 February 2024 -
Additions 3,000
As at 31 December 2024 3,000
Net Book Value
As at 31 December 2024 3,000
As at 1 February 2024 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 86,370 63,195 5,765 9,088 164,418
Additions 69,134 43,260 2,760 6,654 121,808
As at 31 December 2024 155,504 106,455 8,525 15,742 286,226
Depreciation
As at 1 February 2024 38,411 16,324 528 3,393 58,656
Provided during the period 22,280 12,677 1,103 3,917 39,977
As at 31 December 2024 60,691 29,001 1,631 7,310 98,633
Net Book Value
As at 31 December 2024 94,813 77,454 6,894 8,432 187,593
As at 1 February 2024 47,959 46,871 5,237 5,695 105,762
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5. Stocks
31 December 2024 31 January 2024
£ £
Stock 1,377 -
Materials 58,025 -
59,402 -
6. Debtors
31 December 2024 31 January 2024
£ £
Due within one year
Trade debtors 976,632 374,059
Prepayments and accrued income 23,262 9,623
Other debtors 154,542 57,789
VAT 53,992 -
Other taxes and social security - 117,512
1,208,428 558,983
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 January 2024
£ £
Net obligations under finance lease and hire purchase contracts 41,207 21,647
Trade creditors 439,164 244,580
Bank loans and overdrafts 63,611 81,667
Corporation tax 142,602 9,987
Other taxes and social security 79,150 -
VAT - 442
Net wages 10,792 11,092
Other creditors 29,359 5,988
Accruals and deferred income 15,158 -
Director's loan account 4,669 16,769
825,712 392,172
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 January 2024
£ £
Net obligations under finance lease and hire purchase contracts 69,319 55,278
Bank loans 31,000 50,306
100,319 105,584
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9. Obligations Under Finance Leases and Hire Purchase
31 December 2024 31 January 2024
£ £
The maturity of these amounts is as follows:
Within one year 41,207 21,647
Between one and five years 69,319 55,278
110,526 76,925
110,526 76,925
10. Share Capital
31 December 2024 31 January 2024
£ £
Allotted, Called up and fully paid 1 1
11. General Information
Jefferis Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10566273 . The registered office is Whitecross Farm Farrington Gurney, Bristol Rd, Bristol, Somerset, BS39 6TJ.
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