Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 04896985 Mr S Unsworth Mr J Connor Mr C Unsworth Mr C Unsworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04896985 2022-09-30 04896985 2023-09-30 04896985 2022-10-01 2023-09-30 04896985 frs-core:CurrentFinancialInstruments 2023-09-30 04896985 frs-core:Non-currentFinancialInstruments 2023-09-30 04896985 frs-core:BetweenOneFiveYears 2023-09-30 04896985 frs-core:FurnitureFittings 2023-09-30 04896985 frs-core:FurnitureFittings 2022-10-01 2023-09-30 04896985 frs-core:FurnitureFittings 2022-09-30 04896985 frs-core:NetGoodwill 2023-09-30 04896985 frs-core:NetGoodwill 2022-10-01 2023-09-30 04896985 frs-core:NetGoodwill 2022-09-30 04896985 frs-core:MotorVehicles 2023-09-30 04896985 frs-core:MotorVehicles 2022-10-01 2023-09-30 04896985 frs-core:MotorVehicles 2022-09-30 04896985 frs-core:PlantMachinery 2023-09-30 04896985 frs-core:PlantMachinery 2022-10-01 2023-09-30 04896985 frs-core:PlantMachinery 2022-09-30 04896985 frs-core:WithinOneYear 2023-09-30 04896985 frs-core:ShareCapital 2023-09-30 04896985 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 04896985 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 04896985 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 04896985 frs-bus:SmallEntities 2022-10-01 2023-09-30 04896985 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 04896985 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 04896985 frs-bus:Director1 2022-10-01 2023-09-30 04896985 frs-bus:Director2 2022-10-01 2023-09-30 04896985 frs-bus:Director3 2022-10-01 2023-09-30 04896985 frs-bus:CompanySecretary1 2022-10-01 2023-09-30 04896985 frs-countries:EnglandWales 2022-10-01 2023-09-30 04896985 2021-09-30 04896985 2022-09-30 04896985 2021-10-01 2022-09-30 04896985 frs-core:CurrentFinancialInstruments 2022-09-30 04896985 frs-core:Non-currentFinancialInstruments 2022-09-30 04896985 frs-core:BetweenOneFiveYears 2022-09-30 04896985 frs-core:WithinOneYear 2022-09-30 04896985 frs-core:ShareCapital 2022-09-30 04896985 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 04896985
Craven Garage (Reddish) Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04896985
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,000 6,000
Tangible Assets 5 75,562 99,851
79,562 105,851
CURRENT ASSETS
Stocks 6 1,000 1,000
Debtors 7 273 -
Cash at bank and in hand 90 90
1,363 1,090
Creditors: Amounts Falling Due Within One Year 8 (71,813 ) (71,226 )
NET CURRENT ASSETS (LIABILITIES) (70,450 ) (70,136 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,112 35,715
Creditors: Amounts Falling Due After More Than One Year 9 (6,799 ) (13,956 )
NET ASSETS 2,313 21,759
CAPITAL AND RESERVES
Called up share capital 11 200 200
Profit and Loss Account 2,113 21,559
SHAREHOLDERS' FUNDS 2,313 21,759
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For the year ending 30 September 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 C Unsworth
Director
4 September 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
Craven Garage (Reddish) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04896985 . The registered office is 7 Saint Petersgate, Stockport, Cheshire, SK1 1EB.
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 represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years. 
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% 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 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.
2.6. 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.
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2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.8. 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.
2.9. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2022 40,000
As at 30 September 2023 40,000
Amortisation
As at 1 October 2022 34,000
Provided during the period 2,000
As at 30 September 2023 36,000
Net Book Value
As at 30 September 2023 4,000
As at 1 October 2022 6,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2022 79,464 255,543 9,698 344,705
As at 30 September 2023 79,464 255,543 9,698 344,705
Depreciation
As at 1 October 2022 73,364 162,418 9,072 244,854
Provided during the period 915 23,281 93 24,289
As at 30 September 2023 74,279 185,699 9,165 269,143
Net Book Value
As at 30 September 2023 5,185 69,844 533 75,562
As at 1 October 2022 6,100 93,125 626 99,851
6. Stocks
2023 2022
£ £
Finished goods 1,000 1,000
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 273 -
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,737 14,341
Trade creditors 1,998 18,776
Bank loans and overdrafts 37,875 21,934
Other creditors 12,906 3,260
Taxation and social security 6,297 12,915
71,813 71,226
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,799 13,956
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,737 14,341
Later than one year and not later than five years 6,799 13,956
19,536 28,297
19,536 28,297
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
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