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 12526529 Mr William Southall Mr Mark Osborne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12526529 2024-03-31 12526529 2025-03-31 12526529 2024-04-01 2025-03-31 12526529 frs-core:CurrentFinancialInstruments 2025-03-31 12526529 frs-core:Non-currentFinancialInstruments 2025-03-31 12526529 frs-core:BetweenOneFiveYears 2025-03-31 12526529 frs-core:ComputerEquipment 2025-03-31 12526529 frs-core:ComputerEquipment 2024-04-01 2025-03-31 12526529 frs-core:ComputerEquipment 2024-03-31 12526529 frs-core:MotorVehicles 2025-03-31 12526529 frs-core:MotorVehicles 2024-04-01 2025-03-31 12526529 frs-core:MotorVehicles 2024-03-31 12526529 frs-core:PlantMachinery 2025-03-31 12526529 frs-core:PlantMachinery 2024-04-01 2025-03-31 12526529 frs-core:PlantMachinery 2024-03-31 12526529 frs-core:WithinOneYear 2025-03-31 12526529 frs-core:ShareCapital 2025-03-31 12526529 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 12526529 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12526529 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 12526529 frs-bus:SmallEntities 2024-04-01 2025-03-31 12526529 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12526529 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12526529 frs-bus:Director1 2024-04-01 2025-03-31 12526529 frs-bus:Director2 2024-04-01 2025-03-31 12526529 frs-countries:EnglandWales 2024-04-01 2025-03-31 12526529 2023-03-31 12526529 2024-03-31 12526529 2023-04-01 2024-03-31 12526529 frs-core:CurrentFinancialInstruments 2024-03-31 12526529 frs-core:Non-currentFinancialInstruments 2024-03-31 12526529 frs-core:BetweenOneFiveYears 2024-03-31 12526529 frs-core:WithinOneYear 2024-03-31 12526529 frs-core:ShareCapital 2024-03-31 12526529 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 12526529
J M Osborne Rural & Sporting Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
mca business ltd
The American Barns
Banbury Road
Lighthorne
Warwick
CV35 0AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12526529
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 136,626 173,772
136,626 173,772
CURRENT ASSETS
Stocks 5 16,575 15,000
Debtors 6 289,934 579,392
Cash at bank and in hand 443,961 246,396
750,470 840,788
Creditors: Amounts Falling Due Within One Year 7 (612,069 ) (831,459 )
NET CURRENT ASSETS (LIABILITIES) 138,401 9,329
TOTAL ASSETS LESS CURRENT LIABILITIES 275,027 183,101
Creditors: Amounts Falling Due After More Than One Year 8 (102,303 ) (75,888 )
NET ASSETS 172,724 107,213
CAPITAL AND RESERVES
Called up share capital 10 600 600
Profit and Loss Account 172,124 106,613
SHAREHOLDERS' FUNDS 172,724 107,213
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
Mr Mark Osborne
Director
31/12/2025
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
J M Osborne Rural & Sporting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12526529 . The registered office is The American Barns, Banbury Road, Lighthorne, Warwick, CV35 0AE.
The presentation currency of the financial statements is the Pound Sterling (£).
All monetary amounts are rounded to the nearest pound.
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 financial statements have been prepared on a going concern basis.
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:
Plant & Machinery 15% per annum straight line basis
Motor Vehicles 10% per annum straight line basis
Computer Equipment 33% per annum straight line basis
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.
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.
Page 3
Page 4
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.
2.8. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 20,016 193,546 15,440 229,002
Additions 7,997 - - 7,997
Disposals (3,113 ) (35,380 ) (1,925 ) (40,418 )
As at 31 March 2025 24,900 158,166 13,515 196,581
Depreciation
As at 1 April 2024 8,256 39,821 7,153 55,230
Provided during the period 2,909 11,568 3,228 17,705
Disposals (843 ) (10,614 ) (1,523 ) (12,980 )
As at 31 March 2025 10,322 40,775 8,858 59,955
Net Book Value
As at 31 March 2025 14,578 117,391 4,657 136,626
As at 1 April 2024 11,760 153,725 8,287 173,772
Page 4
Page 5
5. Stocks
2025 2024
£ £
Work in progress 16,575 15,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 158,248 455,265
Other debtors 131,686 124,127
289,934 579,392
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts (32,297 ) 2,178
Trade creditors 232,266 136,661
Bank loans and overdrafts - 5,916
Other creditors 276,200 496,389
Taxation and social security 135,900 190,315
612,069 831,459
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 73,800 47,385
Bank loans 28,503 28,503
102,303 75,888
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year (32,297 ) 2,178
Later than one year and not later than five years 73,800 47,385
41,503 49,563
41,503 49,563
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 600 600
Page 5