Acorah Software Products - Accounts Production 14.5.501 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 13293098 Mr Simon Nadin Mr James Burnell Mr Stephen Blake iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13293098 2022-09-30 13293098 2023-09-30 13293098 2022-10-01 2023-09-30 13293098 frs-core:CurrentFinancialInstruments 2023-09-30 13293098 frs-core:ShareCapital 2023-09-30 13293098 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 13293098 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 13293098 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 13293098 frs-bus:SmallEntities 2022-10-01 2023-09-30 13293098 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 13293098 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 13293098 frs-bus:Director1 2022-10-01 2023-09-30 13293098 frs-bus:Director2 2022-10-01 2023-09-30 13293098 frs-bus:Director3 2022-10-01 2023-09-30 13293098 frs-countries:EnglandWales 2022-10-01 2023-09-30 13293098 2021-09-30 13293098 2022-09-30 13293098 2021-10-01 2022-09-30 13293098 frs-core:CurrentFinancialInstruments 2022-09-30 13293098 frs-core:ShareCapital 2022-09-30 13293098 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 13293098
P&D Trailers Ltd
Financial Statements
For The Year Ended 30 September 2023
Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 13293098
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 106,385
Debtors 5 - 26,896
Cash at bank and in hand 86 12,495
86 145,776
Creditors: Amounts Falling Due Within One Year 6 (8,954 ) (223,513 )
NET CURRENT ASSETS (LIABILITIES) (8,868 ) (77,737 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,868 ) (77,737 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (128 ) (128 )
NET LIABILITIES (8,996 ) (77,865 )
CAPITAL AND RESERVES
Called up share capital 7 200 200
Income Statement (9,196 ) (78,065 )
SHAREHOLDERS' FUNDS (8,996) (77,865)
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For the year ending 30 September 2023 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 Simon Nadin
Director
04/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P&D Trailers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13293098 . The registered office is Unit 1 Anderstaff Industrial Estate, Hawkins Lane, Burton-On-Trent, DE14 1QH.
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.
2.3. 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.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 3)
1 3
4. Stocks
2023 2022
£ £
Stock - 106,385
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 26,877
Prepayments and accrued income - 19
- 26,896
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 618 156,340
Other creditors - 54,346
Taxation and social security 8,336 12,827
8,954 223,513
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
8. Related Party Transactions
During the year monies owed to Pontoon & Dock Ltd of £52,298 was written off, a company in which the director Mr S Nadin has an interest.
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