Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 00079392 Christopher Mark Butler iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00079392 2023-12-31 00079392 2024-12-31 00079392 2024-01-01 2024-12-31 00079392 frs-core:Non-currentFinancialInstruments 2024-12-31 00079392 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 00079392 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00079392 frs-core:PlantMachinery 2024-01-01 2024-12-31 00079392 frs-core:CapitalRedemptionReserve 2024-12-31 00079392 frs-core:SharePremium 2024-12-31 00079392 frs-core:ShareCapital 2024-12-31 00079392 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 00079392 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00079392 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 00079392 frs-bus:SmallEntities 2024-01-01 2024-12-31 00079392 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00079392 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00079392 frs-bus:Director1 2024-01-01 2024-12-31 00079392 frs-countries:EnglandWales 2024-01-01 2024-12-31 00079392 2022-12-31 00079392 2023-12-31 00079392 2023-01-01 2023-12-31 00079392 frs-core:Non-currentFinancialInstruments 2023-12-31 00079392 frs-core:CapitalRedemptionReserve 2023-12-31 00079392 frs-core:SharePremium 2023-12-31 00079392 frs-core:ShareCapital 2023-12-31 00079392 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 00079392
J.WOOD & SONS,LIMITED
ABRIDGED Financial Statements
For The Year Ended 31 December 2024
C. R. A. S. L.
Carlton Park House
Carlton Park Industrial Estate
Saxmundham
Suffolk
IP17 2NU
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 00079392
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 700 800
Tangible Assets 5 28,941 34,768
29,641 35,568
CURRENT ASSETS
Stocks 857,127 847,116
Debtors 6 192,492 243,791
Cash at bank and in hand 237,251 134,926
1,286,870 1,225,833
Creditors: Amounts Falling Due Within One Year (324,405 ) (363,702 )
NET CURRENT ASSETS (LIABILITIES) 962,465 862,131
TOTAL ASSETS LESS CURRENT LIABILITIES 992,106 897,699
Creditors: Amounts Falling Due After More Than One Year (172,599 ) (25,777 )
NET ASSETS 819,507 871,922
CAPITAL AND RESERVES
Called up share capital 7 74,743 74,743
Share premium account 565 565
Capital redemption reserve - 75,000
Profit and Loss Account 744,199 721,614
SHAREHOLDERS' FUNDS 819,507 871,922
Page 1
Page 2
For the year 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Christopher Mark Butler
Director
24/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
J.WOOD & SONS,LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 00079392 . The registered office is Carlton Park House, Carlton Park Industrial Estate, Saxmundham, Suffolk, IP17 2NL.
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 - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... 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 Over 50 years
Plant & Machinery 20% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Intangible Assets
Total
£
Cost
As at 1 January 2024 1,000
As at 31 December 2024 1,000
Amortisation
As at 1 January 2024 200
Provided during the period 100
As at 31 December 2024 300
Net Book Value
As at 31 December 2024 700
As at 1 January 2024 800
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5. Tangible Assets
Total
£
Cost
As at 1 January 2024 272,363
Additions 1,228
As at 31 December 2024 273,591
Depreciation
As at 1 January 2024 237,595
Provided during the period 7,055
As at 31 December 2024 244,650
Net Book Value
As at 31 December 2024 28,941
As at 1 January 2024 34,768
6. Debtors
2024 2023
£ £
Due after more than one year
Other debtors 134,704 -
Directors loan account - 9,158
134,704 9,158
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 74,743 74,743
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