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 09400483 Mr James Walker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09400483 2023-01-31 09400483 2024-01-31 09400483 2023-02-01 2024-01-31 09400483 frs-core:CurrentFinancialInstruments 2024-01-31 09400483 frs-core:Non-currentFinancialInstruments 2024-01-31 09400483 frs-core:BetweenOneFiveYears 2024-01-31 09400483 frs-core:MotorVehicles 2024-01-31 09400483 frs-core:MotorVehicles 2023-02-01 2024-01-31 09400483 frs-core:MotorVehicles 2023-01-31 09400483 frs-core:PlantMachinery 2024-01-31 09400483 frs-core:PlantMachinery 2023-02-01 2024-01-31 09400483 frs-core:PlantMachinery 2023-01-31 09400483 frs-core:ShareCapital 2024-01-31 09400483 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09400483 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09400483 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09400483 frs-bus:SmallEntities 2023-02-01 2024-01-31 09400483 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09400483 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09400483 frs-bus:Director1 2023-02-01 2024-01-31 09400483 frs-countries:EnglandWales 2023-02-01 2024-01-31 09400483 2022-01-31 09400483 2023-01-31 09400483 2022-02-01 2023-01-31 09400483 frs-core:CurrentFinancialInstruments 2023-01-31 09400483 frs-core:Non-currentFinancialInstruments 2023-01-31 09400483 frs-core:BetweenOneFiveYears 2023-01-31 09400483 frs-core:ShareCapital 2023-01-31 09400483 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09400483
Ti22 Vehicle Services Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
BG Accountancy Services Ltd
Independent Certified Practising Accountants
120 Queens Hill Crescent
Newport
NP20 5HF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09400483
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,297 41,100
34,297 41,100
CURRENT ASSETS
Debtors 5 194 -
Cash at bank and in hand 14,514 14,565
14,708 14,565
Creditors: Amounts Falling Due Within One Year 6 (450 ) (3,336 )
NET CURRENT ASSETS (LIABILITIES) 14,258 11,229
TOTAL ASSETS LESS CURRENT LIABILITIES 48,555 52,329
Creditors: Amounts Falling Due After More Than One Year 7 (23,048 ) (30,135 )
NET ASSETS 25,507 22,194
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 25,407 22,094
SHAREHOLDERS' FUNDS 25,507 22,194
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Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 James Walker
Director
16/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ti22 Vehicle Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09400483 . The registered office is unit 12 Critchcraft Buildings, Bulwark Industrial Estate, Chepstow, NP16 5QZ.
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. 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 20% on cost
Motor Vehicles 10% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 9,515 49,000 58,515
As at 31 January 2024 9,515 49,000 58,515
Depreciation
As at 1 February 2023 9,515 7,900 17,415
Provided during the period 1,903 4,900 6,803
As at 31 January 2024 11,418 12,800 24,218
...CONTINUED
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Net Book Value
As at 31 January 2024 (1,903 ) 36,200 34,297
As at 1 February 2023 - 41,100 41,100
5. Debtors
2024 2023
£ £
Due within one year
Director's loan account 194 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 450 450
Director's loan account - 2,886
450 3,336
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,254 13,355
Bank loans 11,794 16,780
23,048 30,135
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 11,254 13,355
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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