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 04677891 Mr Paul Shepherd Mrs Samantha Shepherd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04677891 2023-03-31 04677891 2024-03-31 04677891 2023-04-01 2024-03-31 04677891 frs-core:CurrentFinancialInstruments 2024-03-31 04677891 frs-core:Non-currentFinancialInstruments 2024-03-31 04677891 frs-core:FurnitureFittings 2024-03-31 04677891 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04677891 frs-core:FurnitureFittings 2023-03-31 04677891 frs-core:NetGoodwill 2024-03-31 04677891 frs-core:NetGoodwill 2023-04-01 2024-03-31 04677891 frs-core:NetGoodwill 2023-03-31 04677891 frs-core:MotorVehicles 2024-03-31 04677891 frs-core:MotorVehicles 2023-04-01 2024-03-31 04677891 frs-core:MotorVehicles 2023-03-31 04677891 frs-core:PlantMachinery 2024-03-31 04677891 frs-core:PlantMachinery 2023-04-01 2024-03-31 04677891 frs-core:PlantMachinery 2023-03-31 04677891 frs-core:ShareCapital 2024-03-31 04677891 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04677891 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04677891 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04677891 frs-bus:SmallEntities 2023-04-01 2024-03-31 04677891 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04677891 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04677891 frs-bus:Director1 2023-04-01 2024-03-31 04677891 frs-bus:Director2 2023-04-01 2024-03-31 04677891 frs-core:CurrentFinancialInstruments 1 2024-03-31 04677891 frs-countries:EnglandWales 2023-04-01 2024-03-31 04677891 2022-03-31 04677891 2023-03-31 04677891 2022-04-01 2023-03-31 04677891 frs-core:CurrentFinancialInstruments 2023-03-31 04677891 frs-core:Non-currentFinancialInstruments 2023-03-31 04677891 frs-core:ShareCapital 2023-03-31 04677891 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04677891 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 04677891
Earby Autos Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
ZL Bookkeeper Accountant
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04677891
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 18,648 21,294
18,648 21,294
CURRENT ASSETS
Stocks 6 4,000 3,000
Debtors 7 2,910 6,375
Cash at bank and in hand 15,318 31,081
22,228 40,456
Creditors: Amounts Falling Due Within One Year 8 (33,392 ) (33,648 )
NET CURRENT ASSETS (LIABILITIES) (11,164 ) 6,808
TOTAL ASSETS LESS CURRENT LIABILITIES 7,484 28,102
Creditors: Amounts Falling Due After More Than One Year 9 (16,192 ) (22,069 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,543 ) (3,426 )
NET (LIABILITIES)/ASSETS (12,251 ) 2,607
CAPITAL AND RESERVES
Called up share capital 10 40 40
Profit and Loss Account (12,291 ) 2,567
SHAREHOLDERS' FUNDS (12,251) 2,607
Page 1
Page 2
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.
On behalf of the board
Mr Paul Shepherd
Director
29/07/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Earby Autos Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04677891 . The registered office is Lane Ends Garage Skipton Road, Earby, Barnoldswick, BB18 6PX.
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 for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on comepletion of work); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be nicurred in respect of the transactions can be measured reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over
the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of
the acquired business.
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is
amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of
goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
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 15%
Motor Vehicles 25%
Fixtures & Fittings 15%
If there is an indication that there has been a significant change in depreciation rate, useful life or
residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
2.5. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks
to their present location and condition.
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2.6. 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: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 60,000
As at 31 March 2024 60,000
Amortisation
As at 1 April 2023 60,000
As at 31 March 2024 60,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 48,717 2,080 146 50,943
Additions 99 - 682 781
As at 31 March 2024 48,816 2,080 828 51,724
Depreciation
As at 1 April 2023 28,348 1,248 53 29,649
Provided during the period 3,055 208 164 3,427
As at 31 March 2024 31,403 1,456 217 33,076
Net Book Value
As at 31 March 2024 17,413 624 611 18,648
As at 1 April 2023 20,369 832 93 21,294
6. Stocks
2024 2023
£ £
Finished goods 4,000 3,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,929 2,241
Prepayments and accrued income 981 4,134
2,910 6,375
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,519 15,100
Corporation tax 4,239 4,306
Other taxes and social security 484 459
VAT 3,873 4,283
Net wages 973 -
Pension creditor 225 228
...CONTINUED
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Page 6
Other Creditor 4,004 6,921
Accruals and deferred income 2,008 2,308
Directors' loan accounts 67 43
33,392 33,648
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,983 9,942
Other Creditor > 1 year 9,209 12,127
16,192 22,069
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40 40
Page 6