Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05478653 Ms S Fitzgerald Mrs C Willburn Mr J Willburn Mr J Willburn Mr J Willburn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05478653 2023-03-31 05478653 2024-03-31 05478653 2023-04-01 2024-03-31 05478653 frs-core:Non-currentFinancialInstruments 2024-03-31 05478653 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05478653 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05478653 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 05478653 frs-core:MotorVehicles 2023-04-01 2024-03-31 05478653 frs-core:PlantMachinery 2023-04-01 2024-03-31 05478653 frs-core:ShareCapital 2024-03-31 05478653 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05478653 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05478653 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 05478653 frs-bus:SmallEntities 2023-04-01 2024-03-31 05478653 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05478653 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05478653 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 05478653 frs-bus:OrdinaryShareClass2 2024-03-31 05478653 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 05478653 frs-bus:OrdinaryShareClass3 2024-03-31 05478653 frs-bus:Director1 2023-04-01 2024-03-31 05478653 frs-bus:Director2 2023-04-01 2024-03-31 05478653 frs-bus:Director3 2023-04-01 2024-03-31 05478653 frs-bus:Director4 2023-04-01 2024-03-31 05478653 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05478653 frs-countries:EnglandWales 2023-04-01 2024-03-31 05478653 2022-03-31 05478653 2023-03-31 05478653 2022-04-01 2023-03-31 05478653 frs-core:Non-currentFinancialInstruments 2023-03-31 05478653 frs-core:ShareCapital 2023-03-31 05478653 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 05478653 frs-bus:OrdinaryShareClass2 2022-04-01 2023-03-31 05478653 frs-bus:OrdinaryShareClass3 2022-04-01 2023-03-31
Registered number: 05478653
Autobreak (Colchester) Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Accountant's Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Autobreak (Colchester) Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Autobreak (Colchester) Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Autobreak (Colchester) Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Autobreak (Colchester) Limited and state those matters that we have agreed to state to the directors of Autobreak (Colchester) Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Autobreak (Colchester) Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Autobreak (Colchester) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Autobreak (Colchester) Limited . You consider that Autobreak (Colchester) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Autobreak (Colchester) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
26/09/2024
Wood & Disney Ltd
Chartered Accountants
Lodge Park, Lodge Lane
Langham
Colchester
Essex
CO4 5NE
Page 1
Page 2
Abridged Balance Sheet
Registered number: 05478653
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 112,826 117,372
112,826 117,372
CURRENT ASSETS
Stocks 274,990 284,420
Debtors 261,711 166,705
Cash at bank and in hand 131,280 673,212
667,981 1,124,337
Creditors: Amounts Falling Due Within One Year (473,558 ) (859,565 )
NET CURRENT ASSETS (LIABILITIES) 194,423 264,772
TOTAL ASSETS LESS CURRENT LIABILITIES 307,249 382,144
Creditors: Amounts Falling Due After More Than One Year (20,757 ) (30,747 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,978 ) -
NET ASSETS 267,514 351,397
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 267,414 351,297
SHAREHOLDERS' FUNDS 267,514 351,397
Page 2
Page 3
For the year ending 31 March 2024 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr J Willburn
Director
Mr J Willburn
Director
26/09/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Autobreak (Colchester) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05478653 . The registered office is Haven Road Hythe Quay, Colchester, Essex, CO2 8HT.
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:
Leasehold 25% Reducing Balance
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33% Reducing Balance
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. 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.
2.5. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 13)
11 13
Page 4
Page 5
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 392,576
Additions 24,756
As at 31 March 2024 417,332
Depreciation
As at 1 April 2023 275,204
Provided during the period 29,302
As at 31 March 2024 304,506
Net Book Value
As at 31 March 2024 112,826
As at 1 April 2023 117,372
5. Share Capital
2024 2023
Allotted, called up and fully paid £ £
80 Ordinary A shares of £ 1.00 each 80 80
20 Ordinary B shares of £ 1.00 each 20 20
100 100
Page 5