Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10536457 Mr Richard May iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10536457 2022-12-31 10536457 2023-12-31 10536457 2023-01-01 2023-12-31 10536457 frs-core:CurrentFinancialInstruments 2023-12-31 10536457 frs-core:Non-currentFinancialInstruments 2023-12-31 10536457 frs-core:BetweenOneFiveYears 2023-12-31 10536457 frs-core:ComputerEquipment 2023-12-31 10536457 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10536457 frs-core:ComputerEquipment 2022-12-31 10536457 frs-core:MotorVehicles 2023-12-31 10536457 frs-core:MotorVehicles 2023-01-01 2023-12-31 10536457 frs-core:MotorVehicles 2022-12-31 10536457 frs-core:PlantMachinery 2023-12-31 10536457 frs-core:PlantMachinery 2023-01-01 2023-12-31 10536457 frs-core:PlantMachinery 2022-12-31 10536457 frs-core:WithinOneYear 2023-12-31 10536457 frs-core:ShareCapital 2023-12-31 10536457 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10536457 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10536457 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10536457 frs-bus:SmallEntities 2023-01-01 2023-12-31 10536457 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10536457 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10536457 frs-bus:Director1 2023-01-01 2023-12-31 10536457 frs-countries:EnglandWales 2023-01-01 2023-12-31 10536457 2021-12-31 10536457 2022-12-31 10536457 2022-01-01 2022-12-31 10536457 frs-core:CurrentFinancialInstruments 2022-12-31 10536457 frs-core:Non-currentFinancialInstruments 2022-12-31 10536457 frs-core:BetweenOneFiveYears 2022-12-31 10536457 frs-core:WithinOneYear 2022-12-31 10536457 frs-core:ShareCapital 2022-12-31 10536457 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10536457
Fleet Skips Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10536457
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 199,695 218,144
199,695 218,144
CURRENT ASSETS
Debtors 5 65,038 70,508
Cash at bank and in hand 1,774 35,534
66,812 106,042
Creditors: Amounts Falling Due Within One Year 6 (167,739 ) (258,858 )
NET CURRENT ASSETS (LIABILITIES) (100,927 ) (152,816 )
TOTAL ASSETS LESS CURRENT LIABILITIES 98,768 65,328
Creditors: Amounts Falling Due After More Than One Year 7 (58,848 ) (74,070 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (37,942 ) (27,922 )
NET ASSETS/(LIABILITIES) 1,978 (36,664 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 1,977 (36,665 )
SHAREHOLDERS' FUNDS 1,978 (36,664)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Richard May
Director
02/09/2024
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
Fleet Skips Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10536457 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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 10% on reducing balance
Motor Vehicles 10% on reducing balance
Computer Equipment 10% on reducing balance
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. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
...CONTINUED
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2.5. Taxation - continued
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 10 (2022: 10)
10 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 144,227 143,402 452 288,081
Additions 3,740 - - 3,740
As at 31 December 2023 147,967 143,402 452 291,821
Depreciation
As at 1 January 2023 34,367 35,429 141 69,937
Provided during the period 11,360 10,798 31 22,189
As at 31 December 2023 45,727 46,227 172 92,126
Net Book Value
As at 31 December 2023 102,240 97,175 280 199,695
As at 1 January 2023 109,860 107,973 311 218,144
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 61,750 66,240
Other debtors 3,288 4,268
65,038 70,508
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 25,736 27,956
Trade creditors 8,692 6,619
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 21,340 94,963
VAT 30,564 14,552
Other creditors 69,809 95,341
Director's loan account 1,598 9,427
167,739 258,858
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 19,676 44,898
Bank loans 39,172 29,172
58,848 74,070
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 25,736 27,956
Later than one year and not later than five years 19,676 44,898
45,412 72,854
45,412 72,854
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
Included in other creditors is an amount of £1,598 (£9,427 in 2022), owed to the company director Mr R May. This loan is interest free and no repayment terms have been agreed.
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