Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06543615 Mr G J Jefferies Mr K Walker Mr P Barrett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06543615 2023-03-31 06543615 2024-03-31 06543615 2023-04-01 2024-03-31 06543615 frs-core:CurrentFinancialInstruments 2024-03-31 06543615 frs-core:Non-currentFinancialInstruments 2024-03-31 06543615 frs-core:BetweenOneFiveYears 2024-03-31 06543615 frs-core:FurnitureFittings 2024-03-31 06543615 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06543615 frs-core:FurnitureFittings 2023-03-31 06543615 frs-core:NetGoodwill 2024-03-31 06543615 frs-core:NetGoodwill 2023-04-01 2024-03-31 06543615 frs-core:NetGoodwill 2023-03-31 06543615 frs-core:MotorVehicles 2024-03-31 06543615 frs-core:MotorVehicles 2023-04-01 2024-03-31 06543615 frs-core:MotorVehicles 2023-03-31 06543615 frs-core:WithinOneYear 2024-03-31 06543615 frs-core:ShareCapital 2024-03-31 06543615 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06543615 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06543615 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06543615 frs-bus:SmallEntities 2023-04-01 2024-03-31 06543615 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06543615 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06543615 frs-bus:Director1 2023-04-01 2024-03-31 06543615 frs-bus:Director2 2023-04-01 2024-03-31 06543615 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06543615 frs-countries:EnglandWales 2023-04-01 2024-03-31 06543615 2022-03-31 06543615 2023-03-31 06543615 2022-04-01 2023-03-31 06543615 frs-core:CurrentFinancialInstruments 2023-03-31 06543615 frs-core:Non-currentFinancialInstruments 2023-03-31 06543615 frs-core:BetweenOneFiveYears 2023-03-31 06543615 frs-core:WithinOneYear 2023-03-31 06543615 frs-core:ShareCapital 2023-03-31 06543615 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06543615
ASAP Personal Couriers Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 06543615
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,745 9,490
Tangible Assets 5 125,714 149,245
130,459 158,735
CURRENT ASSETS
Debtors 6 64,214 76,183
Cash at bank and in hand 29,769 32,846
93,983 109,029
Creditors: Amounts Falling Due Within One Year 7 (116,141 ) (87,548 )
NET CURRENT ASSETS (LIABILITIES) (22,158 ) 21,481
TOTAL ASSETS LESS CURRENT LIABILITIES 108,301 180,216
Creditors: Amounts Falling Due After More Than One Year 8 (58,583 ) (96,337 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,578 ) (28,357 )
NET ASSETS 22,140 55,522
CAPITAL AND RESERVES
Called up share capital 10 2 2
Income Statement 22,138 55,520
SHAREHOLDERS' FUNDS 22,140 55,522
Page 1
Page 2
For the year ending 31 March 2024 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 G J Jefferies
Director
07/08/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ASAP Personal Couriers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06543615 . The registered office is 7-7c Snuff Street, Devizes, Wiltshire, SN10 1DU.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 10 years.
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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.5. 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 income statement 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 income statement as incurred.
2.6. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement
constitutes a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Page 3
Page 4
2.7. 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.9. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past
event; it is probable that the entity will be required to transfer economic benefits in settlement and the
amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the
statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at
the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current
best estimate of the amount that would be required to settle the obligation. Any adjustments to the
amounts previously recognised are recognised in profit or loss unless the provision was originally
recognised as part of the cost of an asset. When a provision is measured at the present value of the
amount expected to be required to settle the obligation, the unwinding of the discount is recognised in
finance costs in profit or loss in the period it arises.
2.10. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount
being estimated where such indicators exist. Where the carrying value exceeds the recoverable
amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at
each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made
of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating
unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that
are largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from the
synergies of the combination, irrespective of whether other assets or liabilities of the company are
assigned to those units.
3. Average Number of Employees
4Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 73,000
As at 31 March 2024 73,000
Amortisation
As at 1 April 2023 63,510
Provided during the period 4,745
As at 31 March 2024 68,255
Net Book Value
As at 31 March 2024 4,745
As at 1 April 2023 9,490
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 186,127 4,053 190,180
Additions 13,990 - 13,990
As at 31 March 2024 200,117 4,053 204,170
Depreciation
As at 1 April 2023 38,436 2,499 40,935
Provided during the period 37,132 389 37,521
As at 31 March 2024 75,568 2,888 78,456
Net Book Value
As at 31 March 2024 124,549 1,165 125,714
As at 1 April 2023 147,691 1,554 149,245
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 54,468 48,408
Other debtors 9,746 27,775
64,214 76,183
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 41,591 35,247
Trade creditors 17,433 23,791
Bank loans and overdrafts 10,203 10,000
Other creditors 16,058 6,605
Taxation and social security 30,856 11,905
116,141 87,548
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 46,347 73,948
Bank loans 12,236 22,389
58,583 96,337
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 41,591 35,247
Later than one year and not later than five years 46,347 73,948
87,938 109,195
87,938 109,195
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 6