Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 3738975 Mr J Lea Mr W Harrison iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3738975 2023-03-31 3738975 2024-03-31 3738975 2023-04-01 2024-03-31 3738975 frs-core:CurrentFinancialInstruments 2024-03-31 3738975 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 3738975 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 3738975 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 3738975 frs-core:MotorVehicles 2023-04-01 2024-03-31 3738975 frs-core:PlantMachinery 2024-03-31 3738975 frs-core:PlantMachinery 2023-04-01 2024-03-31 3738975 frs-core:PlantMachinery 2023-03-31 3738975 frs-core:ShareCapital 2024-03-31 3738975 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 3738975 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 3738975 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 3738975 frs-bus:SmallEntities 2023-04-01 2024-03-31 3738975 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 3738975 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 3738975 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 3738975 frs-bus:Director1 2023-04-01 2024-03-31 3738975 frs-bus:Director2 2023-04-01 2024-03-31 3738975 frs-countries:EnglandWales 2023-04-01 2024-03-31 3738975 2022-03-31 3738975 2023-03-31 3738975 2022-04-01 2023-03-31 3738975 frs-core:CurrentFinancialInstruments 2023-03-31 3738975 frs-core:ShareCapital 2023-03-31 3738975 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 3738975 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-03-31
Registered number: 3738975
Motor Bodies Widnes Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 3738975
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 154,315 119,220
Investments 196,000 196,000
350,315 315,220
CURRENT ASSETS
Stocks 199,969 195,849
Debtors 5 3,275,694 2,923,737
Cash at bank and in hand 601,150 395,497
4,076,813 3,515,083
Creditors: Amounts Falling Due Within One Year 6 (1,432,484 ) (1,013,269 )
NET CURRENT ASSETS (LIABILITIES) 2,644,329 2,501,814
TOTAL ASSETS LESS CURRENT LIABILITIES 2,994,644 2,817,034
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (8,500 ) (20,000 )
NET ASSETS 2,986,144 2,797,034
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 2,986,044 2,796,934
SHAREHOLDERS' FUNDS 2,986,144 2,797,034
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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 J Lea
Director
14/10/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Motor Bodies Widnes Limited (registered number 3738975 ) is a private company limited by shares.
The company is incorporated in England and Wales.
The address of the Registered Office is Lunts Heath Road, Widnes, Cheshire, WA8 5SQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102, Section 1A – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are presented in Sterling, which is the functional currency of the company
2.2. Going Concern Disclosure
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future being a period of not less than twelve months from the date of approval of these financial statements. 
The company therefore continues to adopt the going concern basis in preparing these financial statements
2.3. Turnover
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write down the cost of fixed assets, less their estimated residual value, over their expected useful lives.

Assets held under finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The depreciation rates or periods generally applicable are:
Leasehold 5 years
Plant & Machinery 20%
Motor Vehicles 25%
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2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. 
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2.6. Taxation
Taxation represents the sum of the tax currently payable and deferred tax. The company’s liability for current tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the the computation of taxable profit. The carrying amount of deferred assets is reviewed at the end of each 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 accounting 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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3. Average Number of Employees
The average number of people ( including directors) employed by the company during the year was: 47 (2023: 50)
47 50
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 37,800 752,568 790,368
Additions - 101,530 101,530
As at 31 March 2024 37,800 854,098 891,898
Depreciation
As at 1 April 2023 37,800 633,348 671,148
Provided during the period - 66,435 66,435
As at 31 March 2024 37,800 699,783 737,583
Net Book Value
As at 31 March 2024 - 154,315 154,315
As at 1 April 2023 - 119,220 119,220
The amounts shown under land and buildings represents improvments to leasehold property. These improvements have now been fully depreciated.
The fixed asset investments represent the cost of the subsidiary Tanhouse Tyres Limited
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,136,963 1,024,254
Other debtors 14,831 14,921
Amounts owed by related paties 2,123,900 1,884,562
3,275,694 2,923,737
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 388,434 397,698
Corporation tax 92,500 200,000
Other taxes and social security 772,680 255,917
Accruals and deferred income 134,408 140,971
Directors' loan accounts 44,462 18,683
1,432,484 1,013,269
7. Deferred Taxation
The provision for deferred taxation relates to:
2024 2023
£ £
Accelerated capital allowances 8,500 20,000
8. Pension Commitments
The company operates a defined contribution pension scheme for the benefit of the employees.
The assets of the scheme are held separately from those of the company in an independently administered fund.
9. Commitments under operating leases
The company has commitments under non cancellable operating leases.
The total of future minimum lease payments is £210,540   (2023 - £279,420).
In addition, the company hires a fleet of courtesy cars. In the year ended 31 March 2024 the annual cost was £262,487 (2023 - £229,549).
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