Acorah Software Products - Accounts Production 16.8.310 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08904518 Mr E G Caffrey Mr D Hirst true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08904518 2024-03-31 08904518 2025-03-31 08904518 2024-04-01 2025-03-31 08904518 frs-core:CurrentFinancialInstruments 2025-03-31 08904518 frs-core:Non-currentFinancialInstruments 2025-03-31 08904518 frs-core:ComputerEquipment 2025-03-31 08904518 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08904518 frs-core:ComputerEquipment 2024-03-31 08904518 frs-core:FurnitureFittings 2025-03-31 08904518 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08904518 frs-core:FurnitureFittings 2024-03-31 08904518 frs-core:MotorVehicles 2025-03-31 08904518 frs-core:MotorVehicles 2024-04-01 2025-03-31 08904518 frs-core:MotorVehicles 2024-03-31 08904518 frs-core:PlantMachinery 2025-03-31 08904518 frs-core:PlantMachinery 2024-04-01 2025-03-31 08904518 frs-core:PlantMachinery 2024-03-31 08904518 frs-core:ShareCapital 2025-03-31 08904518 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08904518 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08904518 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08904518 frs-bus:SmallEntities 2024-04-01 2025-03-31 08904518 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08904518 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08904518 1 2024-04-01 2025-03-31 08904518 frs-bus:Director1 2024-04-01 2025-03-31 08904518 frs-bus:Director1 2024-03-31 08904518 frs-bus:Director1 2025-03-31 08904518 frs-bus:Director2 2024-04-01 2025-03-31 08904518 frs-countries:EnglandWales 2024-04-01 2025-03-31 08904518 2023-03-31 08904518 2024-03-31 08904518 2023-04-01 2024-03-31 08904518 frs-core:CurrentFinancialInstruments 2024-03-31 08904518 frs-core:Non-currentFinancialInstruments 2024-03-31 08904518 frs-core:ShareCapital 2024-03-31 08904518 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08904518
James Mae Projects Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Crag & Co
Chartered Accountants & Chartered Tax Advisers
First Floor, Embsay Mill
Embsay
Skipton
North Yorkshire
BD23 6QR
James Mae Projects Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
James Mae Projects Limited
Statement of Financial Position
As At 31 March 2025
Statement of Financial Position
Registered number: 08904518

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 67,071 |  | 48,219
|  |  | 67,071 |  | 48,219
CURRENT ASSETS
Debtors | 5 | 4,147,001 |  | 3,572,318 |
Cash at bank and in hand |  | 69,753 |  | 120,965 |
|  | 4,216,754 |  | 3,693,283 |
Creditors: Amounts Falling Due Within One Year | 6 | (3,264,427 ) |  | (2,833,632 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 952,327 |  | 859,651
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,019,398 |  | 907,870
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (41,456 ) |  | (24,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (8,660 ) |  | -
NET ASSETS |  |  | 969,282 |  | 883,703
CAPITAL AND RESERVES
Called up share capital |  |  | 200 |  | 200
Income Statement |  |  | 969,082 |  | 883,503
SHAREHOLDERS' FUNDS |  |  | 969,282 |  | 883,703

Page 1
Page 2
James Mae Projects Limited
Statement of Financial Position (continued)
As At 31 March 2025
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 Income Statement.
On behalf of the board

Mr E G Caffrey Director
02/03/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
James Mae Projects Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
James Mae Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08904518 . The registered office is Preserve Works, Thackley Old Road, Shipley, BD18 1QB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared under the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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% reducing balance
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 33.3% reducing balance
Computer Equipment | 33.3% reducing balance

2.4. Leasing and Hire Purchase Contracts
Assets acquired under finance leases and hire purchase contracts are depreciated over their useful lives. 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.
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Page 3
Page 4
James Mae Projects Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.7. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
2.8. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs.
The cash generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
2.9. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period is arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 17)
14 17
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 April 2024 | 12,483 | 191,298 | 17,261 | 21,272 | 242,314
Additions | 55,700 | - | - | - | 55,700
Disposals | - | (138,640 ) | - | - | (138,640 )
As at 31 March 2025 | 68,183 | 52,658 | 17,261 | 21,272 | 159,374

...CONTINUED
Page 4
Page 5
James Mae Projects Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024 | 11,321 | 152,324 | 13,333 | 17,117 | 194,095
Provided during the period | 14,216 | 9,119 | 982 | 1,385 | 25,702
Disposals | - | (127,494 ) | - | - | (127,494 )
As at 31 March 2025 | 25,537 | 33,949 | 14,315 | 18,502 | 92,303
Net Book Value
As at 31 March 2025 | 42,646 | 18,709 | 2,946 | 2,770 | 67,071
As at 1 April 2024 | 1,162 | 38,974 | 3,928 | 4,155 | 48,219

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 712,921 |  | 596,336
Amounts recoverable on contracts | 100,000 |  | 72,844
Amounts owed by group undertakings | 3,137,183 |  | 2,848,268
Other debtors | 196,897 |  | 54,870
| 4,147,001 |  | 3,572,318

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 20,025 |  | 9,453
Trade creditors | 1,599,049 |  | 1,080,265
Bank loans and overdrafts | 10,000 |  | 10,000
Other loans | - |  | 6,982
Other creditors | 71,610 |  | 429,167
Taxation and social security | 1,563,743 |  | 1,297,765
| 3,264,427 |  | 2,833,632

Included within creditors: amounts falling due within one year, are net obligations under finance leases and hire purchase contracts of £20,025 (2024 - £9,453) which are secured against the assets to which they relate.
7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 38,956 |  | 11,667
Bank loans | 2,500 |  | 12,500
| 41,456 |  | 24,167

Included within creditors: amounts falling due after more than one year, are net obligations under finance leases and hire purchase contracts of £38,956 (2024 - £11,667) which are secured against the assets to which they relate.
8. Pension Commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £10,217 (2024 - £12,448).
Contributions totalling £2,466 (2024 - £2,499) were payable to the fund at the year end, and are included in creditors: amounts falling due within one year.
Page 5
Page 6
James Mae Projects Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Directors Advances, Credits and Guarantees
Included within other debtors are the following loans to the directors:

| As at 1 April 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 March 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Edward Caffrey | 16,148 | - | (16,148 ) | - | -

The above loan is interest free and repayable on demand.
10. Related Party Transactions
Included in creditors: amounts falling due within one year, are the following loans owing to the directors:
E Caffrey - £1 (2024 - £nil)
D Hirst - £214 (2024 - £214)
The loans are interest free and repayable on demand.
11. Ultimate Controlling Party
The company is a wholly owned subsidiary undertaking of James Mae Group Limited.
The registered office of James Mae Group Limited is Preserve Works, Thackley Old Road, Shipley, West Yorkshire, BD18 1QB.
Page 6