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Registered number: 05739741
Humphries and Jones Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Cooper Associates Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05739741
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,684 8,259
7,684 8,259
CURRENT ASSETS
Debtors 5 13,458 1,705
Cash at bank and in hand 44,525 96,636
57,983 98,341
Creditors: Amounts Falling Due Within One Year 6 (27,428 ) (32,150 )
NET CURRENT ASSETS (LIABILITIES) 30,555 66,191
TOTAL ASSETS LESS CURRENT LIABILITIES 38,239 74,450
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,921 ) (2,065 )
NET ASSETS 36,318 72,385
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 36,218 72,285
SHAREHOLDERS' FUNDS 36,318 72,385
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
Ms L Humphries
Director
23rd December 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
Humphries and Jones Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05739741 . The registered office is Court Hayes, Clammerhill Lane, East Street, Crewkerne, TA18 7AG.
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:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Office equipment 15% on reducing balance
2.4. Financial Instruments
The company holds the following financial instruments:
  • Short term trade and other debtors and creditors;
  • Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecgonised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
...CONTINUED
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2.4. Financial Instruments - continued
Such instruments are initially measured at transaction price, including transaction costs and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
2.5. 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: 4 (2024: 3)
4 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Office equipment Total
£ £ £ £
Cost
As at 1 April 2024 2,690 20,089 14,293 37,072
Additions - - 2,722 2,722
Disposals - (20,089 ) - (20,089 )
As at 31 March 2025 2,690 - 17,015 19,705
...CONTINUED
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Page 5
Depreciation
As at 1 April 2024 2,570 18,161 8,082 28,813
Provided during the period 30 - 1,339 1,369
Disposals - (18,161 ) - (18,161 )
As at 31 March 2025 2,600 - 9,421 12,021
Net Book Value
As at 31 March 2025 90 - 7,594 7,684
As at 1 April 2024 120 1,928 6,211 8,259
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,914 -
Prepayments and accrued income 544 -
Other debtors 3,000 1,705
13,458 1,705
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,458 -
Corporation tax 6,689 7,228
VAT 5,291 10,024
Other creditors 5,684 -
Accruals and deferred income 1,056 1,491
Directors' loan accounts 3,250 13,407
27,428 32,150
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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