Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04659593 Mrs C A Dalby Mr K M Williams Mr K M Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04659593 2023-01-31 04659593 2024-01-31 04659593 2023-02-01 2024-01-31 04659593 frs-core:CurrentFinancialInstruments 2024-01-31 04659593 frs-core:ComputerEquipment 2024-01-31 04659593 frs-core:ComputerEquipment 2023-02-01 2024-01-31 04659593 frs-core:ComputerEquipment 2023-01-31 04659593 frs-core:FurnitureFittings 2023-02-01 2024-01-31 04659593 frs-core:NetGoodwill 2024-01-31 04659593 frs-core:NetGoodwill 2023-02-01 2024-01-31 04659593 frs-core:NetGoodwill 2023-01-31 04659593 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 04659593 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 04659593 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 04659593 frs-core:MotorVehicles 2024-01-31 04659593 frs-core:MotorVehicles 2023-02-01 2024-01-31 04659593 frs-core:MotorVehicles 2023-01-31 04659593 frs-core:PlantMachinery 2024-01-31 04659593 frs-core:PlantMachinery 2023-02-01 2024-01-31 04659593 frs-core:PlantMachinery 2023-01-31 04659593 frs-core:ShareCapital 2024-01-31 04659593 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04659593 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04659593 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04659593 frs-bus:SmallEntities 2023-02-01 2024-01-31 04659593 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04659593 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04659593 frs-bus:Director1 2023-02-01 2024-01-31 04659593 frs-bus:Director1 2023-01-31 04659593 frs-bus:Director1 2024-01-31 04659593 frs-bus:Director2 2023-02-01 2024-01-31 04659593 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 04659593 frs-countries:EnglandWales 2023-02-01 2024-01-31 04659593 2022-01-31 04659593 2023-01-31 04659593 2022-02-01 2023-01-31 04659593 frs-core:CurrentFinancialInstruments 2023-01-31 04659593 frs-core:ShareCapital 2023-01-31 04659593 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 04659593
Confidence Bus & Coach Ltd.
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04659593
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 5,000
Tangible Assets 5 39,045 24,385
39,045 29,385
CURRENT ASSETS
Stocks 6 30,650 27,830
Debtors 7 94,557 74,298
Cash at bank and in hand 49,274 14,009
174,481 116,137
Creditors: Amounts Falling Due Within One Year 8 (90,783 ) (140,480 )
NET CURRENT ASSETS (LIABILITIES) 83,698 (24,343 )
TOTAL ASSETS LESS CURRENT LIABILITIES 122,743 5,042
NET ASSETS 122,743 5,042
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 122,739 5,038
SHAREHOLDERS' FUNDS 122,743 5,042
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For the year ending 31 January 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 K M Williams
Director
16 October 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
Confidence Bus & Coach Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04659593 . The registered office is 32 Spencer Street, Oadby, Leicester, LE2 4DP.
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 is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... 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:
Leasehold Straight line over the life of the lease
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Straight Line
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.5. 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.
2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2023: 22)
35 22
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 200,000
As at 31 January 2024 200,000
Amortisation
As at 1 February 2023 195,000
Provided during the period 5,000
As at 31 January 2024 200,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 5,000
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 7,646 47,676 203,188 6,232 264,742
Additions - - 35,434 - 35,434
As at 31 January 2024 7,646 47,676 238,622 6,232 300,176
Depreciation
As at 1 February 2023 7,646 44,698 181,558 6,455 240,357
Provided during the period - 447 20,550 (223 ) 20,774
As at 31 January 2024 7,646 45,145 202,108 6,232 261,131
Net Book Value
As at 31 January 2024 - 2,531 36,514 - 39,045
As at 1 February 2023 - 2,978 21,630 (223 ) 24,385
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6. Stocks
2024 2023
£ £
Stock 13,300 12,075
Work in progress 17,350 15,755
30,650 27,830
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 53,724 25,005
Other debtors 40,833 49,293
94,557 74,298
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Bank loans and overdrafts - 3,333
Other creditors 61,430 97,285
Taxation and social security 29,354 39,863
90,783 140,480
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. Directors Advances, Credits and Guarantees
During the year the directors entered into the following advances and credits with the company: 
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Kenneth Williams (70,294 ) - 47,984 - (22,310 )
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