Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 348976 Mr Clive Worswick Mrs Victoria Worswick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 348976 2022-10-31 348976 2023-10-31 348976 2022-11-01 2023-10-31 348976 frs-core:CurrentFinancialInstruments 2023-10-31 348976 frs-core:FurnitureFittings 2023-10-31 348976 frs-core:FurnitureFittings 2022-11-01 2023-10-31 348976 frs-core:FurnitureFittings 2022-10-31 348976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 348976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 348976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 348976 frs-core:PlantMachinery 2023-10-31 348976 frs-core:PlantMachinery 2022-11-01 2023-10-31 348976 frs-core:PlantMachinery 2022-10-31 348976 frs-core:ShareCapital 2023-10-31 348976 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 348976 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 348976 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 348976 frs-bus:SmallEntities 2022-11-01 2023-10-31 348976 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 348976 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 348976 frs-bus:Director1 2022-11-01 2023-10-31 348976 frs-bus:Director2 2022-11-01 2023-10-31 348976 frs-countries:EnglandWales 2022-11-01 2023-10-31 348976 2021-10-31 348976 2022-10-31 348976 2021-11-01 2022-10-31 348976 frs-core:CurrentFinancialInstruments 2022-10-31 348976 frs-core:ShareCapital 2022-10-31 348976 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 348976
Bucklow Garage Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 348976
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 93,528 93,554
93,528 93,554
CURRENT ASSETS
Stocks 81,895 80,470
Debtors 5 59,881 49,865
Cash at bank and in hand 160,043 183,550
301,819 313,885
Creditors: Amounts Falling Due Within One Year 6 (20,557 ) (27,981 )
NET CURRENT ASSETS (LIABILITIES) 281,262 285,904
TOTAL ASSETS LESS CURRENT LIABILITIES 374,790 379,458
NET ASSETS 374,790 379,458
CAPITAL AND RESERVES
Called up share capital 7 5,302 5,302
Profit and Loss Account 369,488 374,156
SHAREHOLDERS' FUNDS 374,790 379,458
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For the year ending 31 October 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 Profit and Loss Account.
On behalf of the board
Mr Clive Worswick
Director
30/07/2024
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
Bucklow Garage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 348976 . The registered office is The Bucklow Garage, Chester Road, Bucklow Hill, Knutsford, Cheshire, WA16 6RL.
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 stated at cost less depreciation. 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:
Freehold not provided
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 10% 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.
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: 3 (2022: 3)
3 3
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 93,426 45,460 2,019 140,905
As at 31 October 2023 93,426 45,460 2,019 140,905
Depreciation
As at 1 November 2022 - 45,345 2,006 47,351
Provided during the period - 25 1 26
As at 31 October 2023 - 45,370 2,007 47,377
Net Book Value
As at 31 October 2023 93,426 90 12 93,528
As at 1 November 2022 93,426 115 13 93,554
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 835 981
Other debtors 1,096 934
Amounts owed by related parties 57,950 47,950
59,881 49,865
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,518 6,351
Corporation tax - 143
Other taxes and social security 9,504 11,130
Accruals and deferred income 7,964 9,786
Directors' loan accounts 571 571
20,557 27,981
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 5,302 5,302
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