Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 04105213 S A Rickard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04105213 2022-11-30 04105213 2023-11-30 04105213 2022-12-01 2023-11-30 04105213 frs-core:CurrentFinancialInstruments 2023-11-30 04105213 frs-core:MotorVehicles 2023-11-30 04105213 frs-core:MotorVehicles 2022-12-01 2023-11-30 04105213 frs-core:MotorVehicles 2022-11-30 04105213 frs-core:PlantMachinery 2023-11-30 04105213 frs-core:PlantMachinery 2022-12-01 2023-11-30 04105213 frs-core:PlantMachinery 2022-11-30 04105213 frs-core:ShareCapital 2023-11-30 04105213 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04105213 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04105213 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 04105213 frs-bus:SmallEntities 2022-12-01 2023-11-30 04105213 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04105213 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 04105213 frs-bus:Director1 2022-12-01 2023-11-30 04105213 frs-countries:EnglandWales 2022-12-01 2023-11-30 04105213 2021-11-30 04105213 2022-11-30 04105213 2021-12-01 2022-11-30 04105213 frs-core:CurrentFinancialInstruments 2022-11-30 04105213 frs-core:ShareCapital 2022-11-30 04105213 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 04105213
A & R Smart Car Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04105213
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,892 55,111
58,892 55,111
CURRENT ASSETS
Stocks 5 5,121 3,313
Debtors 6 42,077 31,111
Cash at bank and in hand 223,614 221,662
270,812 256,086
Creditors: Amounts Falling Due Within One Year 7 (74,336 ) (71,616 )
NET CURRENT ASSETS (LIABILITIES) 196,476 184,470
TOTAL ASSETS LESS CURRENT LIABILITIES 255,368 239,581
NET ASSETS 255,368 239,581
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 255,268 239,481
SHAREHOLDERS' FUNDS 255,368 239,581
Page 1
Page 2
For the year ending 30 November 2023 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 her 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
S A Rickard
Director
25th March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A & R Smart Car Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04105213 . The registered office is Unit 8 Wheatcroft Business Park , Landmere Lane, Edwalton, Nottingham, NG12 4DG.
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. 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% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. 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.
2.5. 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 9)
9 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2022 2,911 82,229 85,140
Additions 458 23,975 24,433
Disposals - (15,981 ) (15,981 )
As at 30 November 2023 3,369 90,223 93,592
...CONTINUED
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Depreciation
As at 1 December 2022 2,810 27,219 30,029
Provided during the period 111 15,485 15,596
Disposals - (10,925 ) (10,925 )
As at 30 November 2023 2,921 31,779 34,700
Net Book Value
As at 30 November 2023 448 58,444 58,892
As at 1 December 2022 101 55,010 55,111
5. Stocks
2023 2022
as restated
£ £
Stock 5,121 3,313
6. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 31,194 22,452
Prepayments and accrued income 3,218 3,065
Other debtors - 100
Director's loan account 7,665 5,494
42,077 31,111
7. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 1,157 1,449
Corporation tax 35,897 33,995
Other taxes and social security 6,229 5,952
VAT 31,053 29,269
Other creditors - 951
74,336 71,616
8. Related Party Transactions
During the year, total dividends of £34,939 (2022: £42,579) were paid to the director.
As at 30 November 2023 the director owed the company £7,665 (2022: £5,494).
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