Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 January 2023 false 1 April 2024 31 March 2025 31 March 2025 07851864 Mrs Jacqueline Cummins Mr Stuart Cummins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07851864 2024-03-31 07851864 2025-03-31 07851864 2024-04-01 2025-03-31 07851864 frs-core:CurrentFinancialInstruments 2025-03-31 07851864 frs-core:FurnitureFittings 2025-03-31 07851864 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07851864 frs-core:FurnitureFittings 2024-03-31 07851864 frs-core:NetGoodwill 2025-03-31 07851864 frs-core:NetGoodwill 2024-04-01 2025-03-31 07851864 frs-core:NetGoodwill 2024-03-31 07851864 frs-core:ShareCapital 2025-03-31 07851864 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07851864 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07851864 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07851864 frs-bus:SmallEntities 2024-04-01 2025-03-31 07851864 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07851864 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07851864 frs-bus:Director1 2024-04-01 2025-03-31 07851864 frs-bus:Director2 2024-04-01 2025-03-31 07851864 frs-countries:EnglandWales 2024-04-01 2025-03-31 07851864 2022-12-31 07851864 2024-03-31 07851864 2023-01-01 2024-03-31 07851864 frs-core:CurrentFinancialInstruments 2024-03-31 07851864 frs-core:ShareCapital 2024-03-31 07851864 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07851864
Cummins & Jennings Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Unity Business Consultants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07851864
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 5,044 6,304
5,044 6,304
CURRENT ASSETS
Stocks 6 394,863 456,847
Debtors 7 64,530 70,029
Cash at bank and in hand 663,401 700,228
1,122,794 1,227,104
Creditors: Amounts Falling Due Within One Year 8 (285,128 ) (411,600 )
NET CURRENT ASSETS (LIABILITIES) 837,666 815,504
TOTAL ASSETS LESS CURRENT LIABILITIES 842,710 821,808
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,261 ) (1,198 )
NET ASSETS 841,449 820,610
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 841,448 820,609
SHAREHOLDERS' FUNDS 841,449 820,610
Page 1
Page 2
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 Jacqueline Cummins
Director
05/11/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cummins & Jennings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07851864 . The registered office is Coopers House , 65A Wingletye Lane , Hornchurch, Essex, RM11 3AT.
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.
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 10 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:
Fixtures & Fittings 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 4)
5 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 20,000
As at 31 March 2025 20,000
Amortisation
As at 1 April 2024 20,000
As at 31 March 2025 20,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 32,966
As at 31 March 2025 32,966
Depreciation
As at 1 April 2024 26,662
Provided during the period 1,260
As at 31 March 2025 27,922
Net Book Value
As at 31 March 2025 5,044
As at 1 April 2024 6,304
6. Stocks
31 March 2025 31 March 2024
£ £
Stock 394,863 456,847
7. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 64,530 70,029
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Trade creditors 41,691 94,609
Other creditors 206,888 269,188
Taxation and social security 36,549 47,803
285,128 411,600
9. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 1 1
Page 5