Acorah Software Products - Accounts Production 19.4.300 false true 28 February 2025 1 March 2024 false 1 March 2025 28 February 2026 28 February 2026 4656032 Mr Stephen James Hames Partnership Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4656032 2025-02-28 4656032 2026-02-28 4656032 2025-03-01 2026-02-28 4656032 frs-core:CurrentFinancialInstruments 2026-02-28 4656032 frs-core:Non-currentFinancialInstruments 2026-02-28 4656032 frs-core:BetweenOneFiveYears 2026-02-28 4656032 frs-core:FurnitureFittings 2026-02-28 4656032 frs-core:FurnitureFittings 2025-03-01 2026-02-28 4656032 frs-core:FurnitureFittings 2025-02-28 4656032 frs-core:MotorVehicles 2026-02-28 4656032 frs-core:MotorVehicles 2025-03-01 2026-02-28 4656032 frs-core:MotorVehicles 2025-02-28 4656032 frs-core:WithinOneYear 2026-02-28 4656032 frs-core:ShareCapital 2026-02-28 4656032 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 4656032 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 4656032 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 4656032 frs-bus:SmallEntities 2025-03-01 2026-02-28 4656032 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 4656032 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 4656032 frs-bus:Director1 2025-03-01 2026-02-28 4656032 frs-bus:CompanySecretary1 2025-03-01 2026-02-28 4656032 frs-countries:EnglandWales 2025-03-01 2026-02-28 4656032 2024-02-29 4656032 2025-02-28 4656032 2024-03-01 2025-02-28 4656032 frs-core:CurrentFinancialInstruments 2025-02-28 4656032 frs-core:Non-currentFinancialInstruments 2025-02-28 4656032 frs-core:BetweenOneFiveYears 2025-02-28 4656032 frs-core:WithinOneYear 2025-02-28 4656032 frs-core:ShareCapital 2025-02-28 4656032 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28
Registered number: 4656032
James Commercials Ltd
Financial Statements
For The Year Ended 28 February 2026
Hames Partnership Limited
Stables End Court
Main Street
Market Bosworth
Warwickshire
CV13 0JN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 4656032
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,095 25,338
55,095 25,338
CURRENT ASSETS
Stocks 5 36,020 18,020
Debtors 6 233,474 341,069
Cash at bank and in hand 161,962 70,969
431,456 430,058
Creditors: Amounts Falling Due Within One Year 7 (225,197 ) (228,380 )
NET CURRENT ASSETS (LIABILITIES) 206,259 201,678
TOTAL ASSETS LESS CURRENT LIABILITIES 261,354 227,016
Creditors: Amounts Falling Due After More Than One Year 8 (13,698 ) (2,540 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,468 ) (4,814 )
NET ASSETS 237,188 219,662
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 237,187 219,661
SHAREHOLDERS' FUNDS 237,188 219,662
Page 1
Page 2
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Stephen James
Director
17/07/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
James Commercials Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 4656032 . The registered office is Hames Partnership Limited, Stables End Court, Market Bosworth, Warwickshire, CV13 0JN.
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:
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
2.4. 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.
2.5. 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.
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 1 (2025: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2025 118,500 15,400 133,900
Additions 60,228 - 60,228
Disposals (51,000 ) - (51,000 )
As at 28 February 2026 127,728 15,400 143,128
Depreciation
As at 1 March 2025 97,181 11,381 108,562
Provided during the period 17,362 1,007 18,369
Disposals (38,898 ) - (38,898 )
As at 28 February 2026 75,645 12,388 88,033
Net Book Value
As at 28 February 2026 52,083 3,012 55,095
As at 1 March 2025 21,319 4,019 25,338
5. Stocks
2026 2025
£ £
Stock 36,020 18,020
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6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 219,500 323,623
Prepayments and accrued income 5,630 4,916
VAT 8,344 12,530
233,474 341,069
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 10,958 -
Trade creditors 12,670 21,363
Bank loans and overdrafts 2,500 9,960
Corporation tax 7,372 9,139
Other taxes and social security 279 -
Accruals and deferred income 1,800 1,700
Director's loan account 189,618 186,218
225,197 228,380
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 13,698 -
Bank loans - 2,540
13,698 2,540
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,958 -
Later than one year and not later than five years 13,698 -
24,656 -
24,656 -
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
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