Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 27 September 2021 false 1 October 2022 30 September 2023 30 September 2023 13643830 Mrs Karen Reedman Mr Stephen Reedman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13643830 2022-09-30 13643830 2023-09-30 13643830 2022-10-01 2023-09-30 13643830 frs-core:CurrentFinancialInstruments 2023-09-30 13643830 frs-core:ComputerEquipment 2023-09-30 13643830 frs-core:ComputerEquipment 2022-10-01 2023-09-30 13643830 frs-core:ComputerEquipment 2022-09-30 13643830 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 13643830 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-01 2023-09-30 13643830 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-09-30 13643830 frs-core:MotorVehicles 2023-09-30 13643830 frs-core:MotorVehicles 2022-10-01 2023-09-30 13643830 frs-core:MotorVehicles 2022-09-30 13643830 frs-core:PlantMachinery 2023-09-30 13643830 frs-core:PlantMachinery 2022-10-01 2023-09-30 13643830 frs-core:PlantMachinery 2022-09-30 13643830 frs-core:ShareCapital 2023-09-30 13643830 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 13643830 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 13643830 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 13643830 frs-bus:SmallEntities 2022-10-01 2023-09-30 13643830 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 13643830 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 13643830 frs-bus:Director1 2022-10-01 2023-09-30 13643830 frs-bus:Director2 2022-10-01 2023-09-30 13643830 frs-countries:EnglandWales 2022-10-01 2023-09-30 13643830 2021-09-26 13643830 2022-09-30 13643830 2021-09-27 2022-09-30 13643830 frs-core:CurrentFinancialInstruments 2022-09-30 13643830 frs-core:ShareCapital 2022-09-30 13643830 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 13643830
AKA Bus & Coach Ltd
Financial Statements
For The Year Ended 30 September 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13643830
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 85,576 74,727
85,576 74,727
CURRENT ASSETS
Stocks 5 - 32,550
Debtors 6 33,002 78,019
Cash at bank and in hand 43,679 11,538
76,681 122,107
Creditors: Amounts Falling Due Within One Year 7 (80,126 ) (175,733 )
NET CURRENT ASSETS (LIABILITIES) (3,445 ) (53,626 )
TOTAL ASSETS LESS CURRENT LIABILITIES 82,131 21,101
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,879 ) (4,750 )
NET ASSETS 72,252 16,351
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 72,152 16,251
SHAREHOLDERS' FUNDS 72,252 16,351
Page 1
Page 2
For the year ending 30 September 2023 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
Mrs Karen Reedman
Director
30 September 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
AKA Bus & Coach Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13643830 . The registered office is Hathernware Rempstone Road, Normanton On Soar, Loughborough, LE12 5EW.
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 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 10% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2022 40,200 13,677 25,023 189 79,089
Additions - 12,357 13,763 - 26,120
Disposals - - (2,550 ) - (2,550 )
As at 30 September 2023 40,200 26,034 36,236 189 102,659
Depreciation
As at 1 October 2022 - 2,051 2,249 62 4,362
Provided during the period 4,020 2,111 6,601 42 12,774
Disposals - - (53 ) - (53 )
As at 30 September 2023 4,020 4,162 8,797 104 17,083
Net Book Value
As at 30 September 2023 36,180 21,872 27,439 85 85,576
As at 1 October 2022 40,200 11,626 22,774 127 74,727
5. Stocks
2023 2022
£ £
Stock - 32,550
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 24,033 68,243
Prepayments and accrued income 8,969 9,776
33,002 78,019
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,499 45,781
Corporation tax 9,552 -
VAT 1,667 10,742
Accruals and deferred income 1,390 423
Directors' loan accounts 59,018 118,787
80,126 175,733
Page 4
Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5