Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 NI652808 Miss Kristina Statkaityte Mr Svajunas Kaniauskas Miss Kristina Statkaityte iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI652808 2022-08-31 NI652808 2023-08-31 NI652808 2022-09-01 2023-08-31 NI652808 frs-core:CurrentFinancialInstruments 2023-08-31 NI652808 frs-core:Non-currentFinancialInstruments 2023-08-31 NI652808 frs-core:BetweenOneFiveYears 2023-08-31 NI652808 frs-core:FurnitureFittings 2023-08-31 NI652808 frs-core:FurnitureFittings 2022-09-01 2023-08-31 NI652808 frs-core:FurnitureFittings 2022-08-31 NI652808 frs-core:MotorVehicles 2023-08-31 NI652808 frs-core:MotorVehicles 2022-09-01 2023-08-31 NI652808 frs-core:MotorVehicles 2022-08-31 NI652808 frs-core:PlantMachinery 2023-08-31 NI652808 frs-core:PlantMachinery 2022-09-01 2023-08-31 NI652808 frs-core:PlantMachinery 2022-08-31 NI652808 frs-core:WithinOneYear 2023-08-31 NI652808 frs-core:ShareCapital 2023-08-31 NI652808 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI652808 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 NI652808 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 NI652808 frs-bus:SmallEntities 2022-09-01 2023-08-31 NI652808 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 NI652808 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 NI652808 frs-bus:Director1 2022-09-01 2023-08-31 NI652808 frs-bus:Director2 2022-09-01 2023-08-31 NI652808 frs-bus:CompanySecretary1 2022-09-01 2023-08-31 NI652808 frs-countries:NorthernIreland 2022-09-01 2023-08-31 NI652808 2021-08-31 NI652808 2022-08-31 NI652808 2021-09-01 2022-08-31 NI652808 frs-core:CurrentFinancialInstruments 2022-08-31 NI652808 frs-core:Non-currentFinancialInstruments 2022-08-31 NI652808 frs-core:BetweenOneFiveYears 2022-08-31 NI652808 frs-core:WithinOneYear 2022-08-31 NI652808 frs-core:ShareCapital 2022-08-31 NI652808 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: NI652808
SK CAR TRANSPORT LTD
Unaudited Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI652808
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 87,781 109,727
87,781 109,727
CURRENT ASSETS
Stocks 5 10,791 10,550
Debtors 6 19,155 23,838
Cash at bank and in hand 23,758 1,503
53,704 35,891
Creditors: Amounts Falling Due Within One Year 7 (43,888 ) (63,449 )
NET CURRENT ASSETS (LIABILITIES) 9,816 (27,558 )
TOTAL ASSETS LESS CURRENT LIABILITIES 97,597 82,169
Creditors: Amounts Falling Due After More Than One Year 8 (91,854 ) (112,541 )
NET ASSETS/(LIABILITIES) 5,743 (30,372 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 5,643 (30,472 )
SHAREHOLDERS' FUNDS 5,743 (30,372)
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For the year ending 31 August 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
Miss Kristina Statkaityte
Director
28/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SK CAR TRANSPORT LTD is a private company, limited by shares, incorporated in Northern Ireland, registered number NI652808 . The registered office is Cido Innovation Centre C/O Mary Mackle & Co., 73 Charlestown Road, Portadown, Craigavon, BT63 5PP.
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. 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 20% RB
Motor Vehicles 20% SL
Fixtures & Fittings 20% RB
2.4. 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 profit and loss account 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 profit and loss account as incurred.
2.5. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 4)
7 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2022 7,460 134,950 2,246 144,656
As at 31 August 2023 7,460 134,950 2,246 144,656
Depreciation
As at 1 September 2022 2,158 32,228 543 34,929
Provided during the period 1,061 20,544 341 21,946
As at 31 August 2023 3,219 52,772 884 56,875
Net Book Value
As at 31 August 2023 4,241 82,178 1,362 87,781
As at 1 September 2022 5,302 102,722 1,703 109,727
5. Stocks
2023 2022
£ £
Work in progress 10,791 10,550
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 16,004 10,198
Prepayments and accrued income 2,164 1,606
VAT 987 12,034
19,155 23,838
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 20,980 31,363
Trade creditors 12,527 16,868
Other taxes and social security 1,327 1,989
Accruals and deferred income 4,684 5,580
Directors' loan accounts 4,370 7,649
43,888 63,449
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 11,373 28,639
Bank loans 10,481 13,902
Directors loan account 70,000 70,000
91,854 112,541
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 20,980 31,363
Later than one year and not later than five years 11,373 28,639
32,353 60,002
32,353 60,002
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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