Acorah Software Products - Accounts Production 15.0.400 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09265694 Mr Ian Goodall Miss Tina Goodall Mr I Goodall false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09265694 2022-12-31 09265694 2023-12-31 09265694 2023-01-01 2023-12-31 09265694 frs-core:CurrentFinancialInstruments 2023-12-31 09265694 frs-core:Non-currentFinancialInstruments 2023-12-31 09265694 frs-core:ComputerEquipment 2023-12-31 09265694 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09265694 frs-core:ComputerEquipment 2022-12-31 09265694 frs-core:FurnitureFittings 2023-12-31 09265694 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09265694 frs-core:FurnitureFittings 2022-12-31 09265694 frs-core:NetGoodwill 2023-12-31 09265694 frs-core:NetGoodwill 2023-01-01 2023-12-31 09265694 frs-core:NetGoodwill 2022-12-31 09265694 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 09265694 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09265694 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 09265694 frs-core:MoreThanFiveYears 2023-12-31 09265694 frs-core:MotorVehicles 2023-12-31 09265694 frs-core:MotorVehicles 2023-01-01 2023-12-31 09265694 frs-core:MotorVehicles 2022-12-31 09265694 frs-core:ShareCapital 2023-12-31 09265694 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09265694 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09265694 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09265694 frs-bus:SmallEntities 2023-01-01 2023-12-31 09265694 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09265694 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09265694 1 2023-01-01 2023-12-31 09265694 frs-bus:Director1 2023-01-01 2023-12-31 09265694 frs-bus:Director2 2023-01-01 2023-12-31 09265694 frs-countries:EnglandWales 2023-01-01 2023-12-31 09265694 2021-12-31 09265694 2022-12-31 09265694 2022-01-01 2022-12-31 09265694 frs-core:CurrentFinancialInstruments 2022-12-31 09265694 frs-core:Non-currentFinancialInstruments 2022-12-31 09265694 frs-core:MoreThanFiveYears 2022-12-31 09265694 frs-core:ShareCapital 2022-12-31 09265694 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09265694
Sun Lane Garage (Wakefield) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09265694
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 225,708 226,594
225,708 226,594
CURRENT ASSETS
Stocks 6 97,074 85,306
Debtors 7 2,149 2,409
Cash at bank and in hand 20,017 27,943
119,240 115,658
Creditors: Amounts Falling Due Within One Year 8 (219,829 ) (223,165 )
NET CURRENT ASSETS (LIABILITIES) (100,589 ) (107,507 )
TOTAL ASSETS LESS CURRENT LIABILITIES 125,119 119,087
Creditors: Amounts Falling Due After More Than One Year 9 (22,500 ) (32,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (505 ) (673 )
NET ASSETS 102,114 85,914
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 102,113 85,913
SHAREHOLDERS' FUNDS 102,114 85,914
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr Ian Goodall
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
Sun Lane Garage (Wakefield) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09265694 . The registered office is DEB House, 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, S71 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 profit and loss account over its estimated economic life of four years.
2.4. 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 depreciated
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
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. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 1
2 1
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 24,000
As at 31 December 2023 24,000
Amortisation
As at 1 January 2023 24,000
As at 31 December 2023 24,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 223,050 2,400 12,985 708 239,143
As at 31 December 2023 223,050 2,400 12,985 708 239,143
Depreciation
As at 1 January 2023 - 1,830 10,279 440 12,549
Provided during the period - 143 676 67 886
As at 31 December 2023 - 1,973 10,955 507 13,435
Net Book Value
As at 31 December 2023 223,050 427 2,030 201 225,708
As at 1 January 2023 223,050 570 2,706 268 226,594
6. Stocks
2023 2022
£ £
Stock 97,074 85,306
7. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 2,137 2,268
VAT - 112
PAYE Control 12 29
2,149 2,409
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,987 4,902
Bank loans and overdrafts 10,000 10,000
Corporation tax 4,203 4,349
VAT 964 -
Accruals and deferred income 3,505 2,665
Directors' loan accounts 197,170 201,249
219,829 223,165
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 22,500 32,500
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
11. Other Commitments
At the end of the period the company had annual commitments under non-cancellable leases as follows:
2023 2022
£ £
Later than five years 42,000 48,000
42,000 48,000
12. Related Party Transactions
The company is controlled by Mr Ian Goodall, director and shareholder of the company.
The balance on the directors' loan accounts of Mr I Goodall & Mrs T Goodall at 31st December 2023 were £132,170 & £65,000 respectively due from the company (2022 - £131,249 & £70,000). 
13. Controlling Party
The company's ultimate controlling party is Mr I Goodall by virtue of his ownership of 100% of the issued share capital in the company.
Page 5