Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04982761 Mr Simon Vickery Mrs S Vickery false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04982761 2022-12-31 04982761 2023-12-31 04982761 2023-01-01 2023-12-31 04982761 frs-core:CurrentFinancialInstruments 2023-12-31 04982761 frs-core:Non-currentFinancialInstruments 2023-12-31 04982761 frs-core:PlantMachinery 2023-12-31 04982761 frs-core:PlantMachinery 2023-01-01 2023-12-31 04982761 frs-core:PlantMachinery 2022-12-31 04982761 frs-core:ShareCapital 2023-12-31 04982761 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04982761 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04982761 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04982761 frs-bus:SmallEntities 2023-01-01 2023-12-31 04982761 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04982761 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04982761 1 2023-01-01 2023-12-31 04982761 frs-bus:Director1 2023-01-01 2023-12-31 04982761 frs-bus:Director2 2023-01-01 2023-12-31 04982761 frs-countries:EnglandWales 2023-01-01 2023-12-31 04982761 2021-12-31 04982761 2022-12-31 04982761 2022-01-01 2022-12-31 04982761 frs-core:CurrentFinancialInstruments 2022-12-31 04982761 frs-core:Non-currentFinancialInstruments 2022-12-31 04982761 frs-core:ShareCapital 2022-12-31 04982761 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04982761
S.P.V. Automotive Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04982761
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1
- 1
CURRENT ASSETS
Stocks 5 148,739 158,883
Debtors 6 900 23,750
Cash at bank and in hand 15,556 26,420
165,195 209,053
Creditors: Amounts Falling Due Within One Year 7 (60,489 ) (131,902 )
NET CURRENT ASSETS (LIABILITIES) 104,706 77,151
TOTAL ASSETS LESS CURRENT LIABILITIES 104,706 77,152
Creditors: Amounts Falling Due After More Than One Year 8 (14,630 ) (25,278 )
NET ASSETS 90,076 51,874
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 89,876 51,674
SHAREHOLDERS' FUNDS 90,076 51,874
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 Simon Vickery
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
S.P.V. Automotive Limited Registered number 04982761 is a limited by shares company incorporated in England & Wales. The Registered Office is Miclin, Baigents Lane, Windlesham, Surrey, GU20 6DU.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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:
Plant & Machinery 3 years straight line
2.4. 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.
2.5. 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.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 3,013
Disposals (3,013 )
Depreciation
As at 1 January 2023 3,012
Provided during the period 1
Disposals (3,013 )
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 1
Page 3
Page 4
5. Stocks
2023 2022
£ £
Finished goods 148,739 158,883
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 23,750
Other debtors 900 -
900 23,750
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 6,037 9,648
Bank loans and overdrafts 10,648 10,000
Corporation tax 9,430 9,284
VAT - 3,207
Accruals and deferred income 2,000 3,000
Directors' loan accounts 32,374 96,763
60,489 131,902
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,630 25,278
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr Simon Vickery 1,010 2,050
Mrs S Vickery 990 1,950
11. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 2,000 4,000
Page 4
Page 5
12. Controlling Party
The company's controlling party are the directors by virtue of their ownership of 100% of the issued share capital in the company.
Page 5