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 04803790 Mr Philip Bird Mrs Louisa Bird Mrs Louisa Bird P J Bird and Mrs L E Bird true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04803790 2022-10-31 04803790 2023-10-31 04803790 2022-11-01 2023-10-31 04803790 frs-core:CurrentFinancialInstruments 2023-10-31 04803790 frs-core:ComputerEquipment 2022-11-01 2023-10-31 04803790 frs-core:FurnitureFittings 2022-11-01 2023-10-31 04803790 frs-core:LandBuildings 2023-10-31 04803790 frs-core:LandBuildings 2022-11-01 2023-10-31 04803790 frs-core:LandBuildings 2022-10-31 04803790 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 04803790 frs-core:MotorVehicles 2022-11-01 2023-10-31 04803790 frs-core:PlantMachinery 2023-10-31 04803790 frs-core:PlantMachinery 2022-11-01 2023-10-31 04803790 frs-core:PlantMachinery 2022-10-31 04803790 frs-core:ShareCapital 2023-10-31 04803790 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04803790 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04803790 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 04803790 frs-bus:SmallEntities 2022-11-01 2023-10-31 04803790 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04803790 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04803790 1 2022-11-01 2023-10-31 04803790 frs-bus:Director1 2022-11-01 2023-10-31 04803790 frs-bus:Director2 2022-11-01 2023-10-31 04803790 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 04803790 frs-countries:EnglandWales 2022-11-01 2023-10-31 04803790 2021-10-31 04803790 2022-10-31 04803790 2021-11-01 2022-10-31 04803790 frs-core:CurrentFinancialInstruments 2022-10-31 04803790 frs-core:ShareCapital 2022-10-31 04803790 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 04803790
Philip J Bird Auto Services Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Devonports LAS Accountants Ltd
10 Station Court
Station Approach
Wickford
Essex
SS11 7AT
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04803790
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,635,005 1,647,968
1,635,005 1,647,968
CURRENT ASSETS
Debtors 5 49,473 35,389
Cash at bank and in hand 822,964 414,486
872,437 449,875
Creditors: Amounts Falling Due Within One Year 6 (282,743 ) (228,712 )
NET CURRENT ASSETS (LIABILITIES) 589,694 221,163
TOTAL ASSETS LESS CURRENT LIABILITIES 2,224,699 1,869,131
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,801 ) (6,801 )
NET ASSETS 2,217,898 1,862,330
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 2,217,798 1,862,230
SHAREHOLDERS' FUNDS 2,217,898 1,862,330
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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 Philip Bird
Director
30/07/2024
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
Philip J Bird Auto Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04803790 . The registered office is 10 Station Court, Station Approach, Wickford, Essex, SS11 7AT.
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. Significant judgements and estimations
Preparation of the financial statements requires management to make significant judgements and estimates
The company reviews these at the end of each year to ensure they continue to reman appropriate.
2.3. 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.
2.4. 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:
Freehold 2% On Cost
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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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 assets reflect 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.
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
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 November 2022 1,723,322 176,131 1,899,453
Disposals - (14,583 ) (14,583 )
As at 31 October 2023 1,723,322 161,548 1,884,870
Depreciation
As at 1 November 2022 97,046 154,439 251,485
...CONTINUED
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Provided during the period 3,939 4,265 8,204
Disposals - (9,824 ) (9,824 )
As at 31 October 2023 100,985 148,880 249,865
Net Book Value
As at 31 October 2023 1,622,337 12,668 1,635,005
As at 1 November 2022 1,626,276 21,692 1,647,968
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 45,699 30,243
Other debtors 3,774 5,146
49,473 35,389
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 45,405 69,380
Other creditors 80,825 37,645
Taxation and social security 156,513 121,687
282,743 228,712
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is P J Bird and Mrs L E Bird by virtue of their ownership of 100% of the issued share capital in the company.
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