Acorah Software Products - Accounts Production 16.8.200 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11219447 Ayrton James-Mills Adrian Mills iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11219447 2024-03-31 11219447 2025-03-31 11219447 2024-04-01 2025-03-31 11219447 frs-core:CurrentFinancialInstruments 2025-03-31 11219447 frs-core:Non-currentFinancialInstruments 2025-03-31 11219447 frs-core:BetweenOneFiveYears 2025-03-31 11219447 frs-core:ComputerEquipment 2025-03-31 11219447 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11219447 frs-core:ComputerEquipment 2024-03-31 11219447 frs-core:FurnitureFittings 2025-03-31 11219447 frs-core:FurnitureFittings 2024-04-01 2025-03-31 11219447 frs-core:FurnitureFittings 2024-03-31 11219447 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 11219447 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 11219447 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 11219447 frs-core:MotorVehicles 2025-03-31 11219447 frs-core:MotorVehicles 2024-04-01 2025-03-31 11219447 frs-core:MotorVehicles 2024-03-31 11219447 frs-core:PlantMachinery 2025-03-31 11219447 frs-core:PlantMachinery 2024-04-01 2025-03-31 11219447 frs-core:PlantMachinery 2024-03-31 11219447 frs-core:WithinOneYear 2025-03-31 11219447 frs-core:ShareCapital 2025-03-31 11219447 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11219447 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11219447 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11219447 frs-bus:SmallEntities 2024-04-01 2025-03-31 11219447 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11219447 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11219447 frs-bus:Director1 2024-04-01 2025-03-31 11219447 frs-bus:Director2 2024-04-01 2025-03-31 11219447 frs-countries:EnglandWales 2024-04-01 2025-03-31 11219447 2023-03-31 11219447 2024-03-31 11219447 2023-04-01 2024-03-31 11219447 frs-core:CurrentFinancialInstruments 2024-03-31 11219447 frs-core:Non-currentFinancialInstruments 2024-03-31 11219447 frs-core:BetweenOneFiveYears 2024-03-31 11219447 frs-core:WithinOneYear 2024-03-31 11219447 frs-core:ShareCapital 2024-03-31 11219447 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11219447
Ajm Material Salvage Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
JMC Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11219447
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 239,748 219,285
239,748 219,285
CURRENT ASSETS
Debtors 5 14,754 9,639
Cash at bank and in hand 23,959 60,092
38,713 69,731
Creditors: Amounts Falling Due Within One Year 6 (249,288 ) (192,736 )
NET CURRENT ASSETS (LIABILITIES) (210,575 ) (123,005 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,173 96,280
Creditors: Amounts Falling Due After More Than One Year 7 (60,532 ) (20,983 )
NET (LIABILITIES)/ASSETS (31,359 ) 75,297
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (31,459 ) 75,197
SHAREHOLDERS' FUNDS (31,359) 75,297
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
Ayrton James-Mills
Director
23/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ajm Material Salvage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11219447 . The registered office is Unit 1, Westwood, Botley Road, West End, SOUTHAMPTON, SO30 3HA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 10% Reducing Balance Method
Plant & Machinery 20% Straight Line Method
Motor Vehicles 20% Straight Line Method
Fixtures & Fittings 20% Straight Line Method
Computer Equipment 25% Reducing Balcance Method
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.
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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: 3 (2024: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 11,647 195,409 201,665 5,790
Additions - 8,500 109,239 -
As at 31 March 2025 11,647 203,909 310,904 5,790
Depreciation
As at 1 April 2024 1,260 127,896 67,554 1,013
Provided during the period 1,038 41,387 53,164 1,437
As at 31 March 2025 2,298 169,283 120,718 2,450
Net Book Value
As at 31 March 2025 9,349 34,626 190,186 3,340
As at 1 April 2024 10,387 67,513 134,111 4,777
Computer Equipment Total
£ £
Cost
As at 1 April 2024 3,519 418,030
Additions 399 118,138
As at 31 March 2025 3,918 536,168
...CONTINUED
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Depreciation
As at 1 April 2024 1,022 198,745
Provided during the period 649 97,675
As at 31 March 2025 1,671 296,420
Net Book Value
As at 31 March 2025 2,247 239,748
As at 1 April 2024 2,497 219,285
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 13,087 14,372
Other debtors 1,667 (4,733)
14,754 9,639
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,606 17,056
Trade creditors 89,691 15,111
Bank loans and overdrafts 10,000 -
Other loans 6,338 21,875
Other creditors 51,980 56,078
Taxation and social security 89,673 82,616
249,288 192,736
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 58,870 -
Bank loans 1,662 20,983
60,532 20,983
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,606 17,056
Later than one year and not later than five years 58,870 -
60,476 17,056
60,476 17,056
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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