Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03744368 Mrs Maria Tierney Mr Shaun Tierney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03744368 2022-12-31 03744368 2023-12-31 03744368 2023-01-01 2023-12-31 03744368 frs-core:CurrentFinancialInstruments 2023-12-31 03744368 frs-core:Non-currentFinancialInstruments 2023-12-31 03744368 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 03744368 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03744368 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 03744368 frs-core:MotorVehicles 2023-12-31 03744368 frs-core:MotorVehicles 2023-01-01 2023-12-31 03744368 frs-core:MotorVehicles 2022-12-31 03744368 frs-core:PlantMachinery 2023-12-31 03744368 frs-core:PlantMachinery 2023-01-01 2023-12-31 03744368 frs-core:PlantMachinery 2022-12-31 03744368 frs-core:WithinOneYear 2023-12-31 03744368 frs-core:ShareCapital 2023-12-31 03744368 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03744368 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03744368 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03744368 frs-bus:SmallEntities 2023-01-01 2023-12-31 03744368 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03744368 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03744368 frs-bus:Director1 2023-01-01 2023-12-31 03744368 frs-bus:Director2 2023-01-01 2023-12-31 03744368 frs-countries:EnglandWales 2023-01-01 2023-12-31 03744368 2021-12-31 03744368 2022-12-31 03744368 2022-01-01 2022-12-31 03744368 frs-core:CurrentFinancialInstruments 2022-12-31 03744368 frs-core:Non-currentFinancialInstruments 2022-12-31 03744368 frs-core:BetweenOneFiveYears 2022-12-31 03744368 frs-core:WithinOneYear 2022-12-31 03744368 frs-core:ShareCapital 2022-12-31 03744368 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03744368
ST Cars Leeds Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
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: 03744368
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 605,816 610,820
605,816 610,820
CURRENT ASSETS
Stocks 110,899 66,621
Debtors 5 217,389 242,105
Cash at bank and in hand 37,966 18,260
366,254 326,986
Creditors: Amounts Falling Due Within One Year 6 (555,910 ) (586,425 )
NET CURRENT ASSETS (LIABILITIES) (189,656 ) (259,439 )
TOTAL ASSETS LESS CURRENT LIABILITIES 416,160 351,381
Creditors: Amounts Falling Due After More Than One Year 7 (422,796 ) (261,565 )
NET (LIABILITIES)/ASSETS (6,636 ) 89,816
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement (6,736 ) 89,716
SHAREHOLDERS' FUNDS (6,636) 89,816
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For the year ending 31 December 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 Shaun Tierney
Director
31 May 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ST Cars Leeds Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03744368 . The registered office is The Old Cricket Ground Pontefract Lane, Leeds, LS9 0PT. 
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. Going Concern Disclosure
When preparing the financial statey to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whethments, the directors have made an assessment of the company's abiliter the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue. The board is committed to the success of the company in the following twelve months, and where necessary will endeavour to support the company with all means at their disposal to ensure its continuity.  Therefore the directors still believe it is appropriate to prepare the accounts on a going concern basis.
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.

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 Not Provided
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on 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. Stocks and Work in Progress
Stock of cars for resale are valued at the lower of cost and net realisable value after making allowances for any scrapped cars. 
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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 year 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: 6 (2022: 12)
6 12
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2023 15,078 62,513 991,482 1,069,073
Additions - 450 206,087 206,537
Disposals - (12,177 ) (116,172 ) (128,349 )
As at 31 December 2023 15,078 50,786 1,081,397 1,147,261
Depreciation
As at 1 January 2023 - 34,706 423,547 458,253
Provided during the period - 4,214 174,431 178,645
Disposals - (11,812 ) (83,641 ) (95,453 )
As at 31 December 2023 - 27,108 514,337 541,445
Net Book Value
As at 31 December 2023 15,078 23,678 567,060 605,816
As at 1 January 2023 15,078 27,807 567,935 610,820
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 14,121 32,210
Amounts owed by participating interests 96,931 96,807
Other debtors 106,337 113,088
217,389 242,105
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 70,597 79,466
Trade creditors 464,550 415,540
Bank loans and overdrafts 10,000 78,515
Other creditors 3,628 948
Taxation and social security 7,135 11,956
555,910 586,425
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 66,023 142,174
Bank loans 14,220 24,241
Other creditors 342,553 95,150
422,796 261,565
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The hire purchase contracts are secured over the assets to which they relate.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 148,518 221,641
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 14,500 14,500
Later than one year and not later than five years - 14,500
14,500 29,000
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