Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07942649 Mrs Annabel Pinnington Mr Jonathan Pinnington Ms Sarah Lusty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07942649 2023-05-31 07942649 2024-05-31 07942649 2023-06-01 2024-05-31 07942649 frs-core:CurrentFinancialInstruments 2024-05-31 07942649 frs-core:Non-currentFinancialInstruments 2024-05-31 07942649 frs-core:ComputerEquipment 2024-05-31 07942649 frs-core:ComputerEquipment 2023-06-01 2024-05-31 07942649 frs-core:ComputerEquipment 2023-05-31 07942649 frs-core:FurnitureFittings 2024-05-31 07942649 frs-core:FurnitureFittings 2023-06-01 2024-05-31 07942649 frs-core:FurnitureFittings 2023-05-31 07942649 frs-core:MotorVehicles 2024-05-31 07942649 frs-core:MotorVehicles 2023-06-01 2024-05-31 07942649 frs-core:MotorVehicles 2023-05-31 07942649 frs-core:PlantMachinery 2024-05-31 07942649 frs-core:PlantMachinery 2023-06-01 2024-05-31 07942649 frs-core:PlantMachinery 2023-05-31 07942649 frs-core:ShareCapital 2024-05-31 07942649 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07942649 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07942649 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07942649 frs-bus:SmallEntities 2023-06-01 2024-05-31 07942649 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07942649 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07942649 frs-bus:OrdinaryShareClass2 2023-06-01 2024-05-31 07942649 frs-bus:OrdinaryShareClass2 2024-05-31 07942649 frs-bus:OrdinaryShareClass3 2023-06-01 2024-05-31 07942649 frs-bus:OrdinaryShareClass3 2024-05-31 07942649 frs-bus:OrdinaryShareClass4 2023-06-01 2024-05-31 07942649 frs-bus:OrdinaryShareClass4 2024-05-31 07942649 frs-core:DeferredTaxation 2023-06-01 2024-05-31 07942649 frs-core:DeferredTaxation 2023-05-31 07942649 frs-core:DeferredTaxation 2024-05-31 07942649 frs-bus:Director1 2023-06-01 2024-05-31 07942649 frs-bus:Director2 2023-06-01 2024-05-31 07942649 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 07942649 frs-countries:EnglandWales 2023-06-01 2024-05-31 07942649 2022-05-31 07942649 2023-05-31 07942649 2022-06-01 2023-05-31 07942649 frs-core:CurrentFinancialInstruments 2023-05-31 07942649 frs-core:Non-currentFinancialInstruments 2023-05-31 07942649 frs-core:ShareCapital 2023-05-31 07942649 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 07942649 frs-bus:OrdinaryShareClass2 2022-06-01 2023-05-31 07942649 frs-bus:OrdinaryShareClass3 2022-06-01 2023-05-31 07942649 frs-bus:OrdinaryShareClass4 2022-06-01 2023-05-31
Registered number: 07942649
Fleet Complete Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Fleet Complete Limited for the year ended 31 May 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Fleet Complete Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Fleet Complete Limited , as a body, in accordance with the terms of our engagement letter dated 2 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of Fleet Complete Limited and state those matters that we have agreed to state to the directors of Fleet Complete Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fleet Complete Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Fleet Complete Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Fleet Complete Limited . You consider that Fleet Complete Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Fleet Complete Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
30th October 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 07942649
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 74,263 79,950
74,263 79,950
CURRENT ASSETS
Stocks 5 221,282 197,282
Debtors 6 441,219 396,857
Cash at bank and in hand 24,000 -
686,501 594,139
Creditors: Amounts Falling Due Within One Year 7 (605,666 ) (532,735 )
NET CURRENT ASSETS (LIABILITIES) 80,835 61,404
TOTAL ASSETS LESS CURRENT LIABILITIES 155,098 141,354
Creditors: Amounts Falling Due After More Than One Year 8 (54,840 ) (106,146 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,566 ) (15,192 )
NET ASSETS 81,692 20,016
CAPITAL AND RESERVES
Called up share capital 10 106 106
Profit and Loss Account 81,586 19,910
SHAREHOLDERS' FUNDS 81,692 20,016
Page 2
Page 3
For the year ending 31 May 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 Jonathan Pinnington
Director
30th October 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Fleet Complete Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07942649 . The registered office is Europa House Adlington Business Park, Adlington, Macclesfield, Cheshire, SK10 4NL.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on cost
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. 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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions payable to the company's pension scheme are charged to the profit and loss in the period to which they relate.
2.7. Fixed Asset Investment
Investments are measured at cost less accumulated impairment on an annual basis. Impairment is recgonised through the statement of profit and loss. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 50 (2023: 50)
50 50
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 114,482 8,500 13,807 14,141 150,930
Additions 13,507 - - 2,371 15,878
As at 31 May 2024 127,989 8,500 13,807 16,512 166,808
Depreciation
As at 1 June 2023 43,399 6,540 10,980 10,061 70,980
Provided during the period 17,270 436 631 3,228 21,565
As at 31 May 2024 60,669 6,976 11,611 13,289 92,545
Net Book Value
As at 31 May 2024 67,320 1,524 2,196 3,223 74,263
As at 1 June 2023 71,083 1,960 2,827 4,080 79,950
5. Stocks
2024 2023
£ £
Stock 221,282 197,282
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 389,508 337,189
Other debtors 49,170 57,127
438,678 394,316
Due after more than one year
Other debtors 2,541 2,541
441,219 396,857
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 210,719 180,670
Bank loans and overdrafts 98,553 117,076
Other loans 66,592 54,498
Other creditors 27,179 29,162
Taxation and social security 202,623 151,329
605,666 532,735
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 54,840 106,146
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 June 2023 15,192 15,192
Additions 3,374 3,374
Balance at 31 May 2024 18,566 18,566
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
90 Ordinary A shares of £ 1 each 90 90
10 Ordinary B shares of £ 1 each 10 10
6 Ordinary C shares of £ 1 each 6 6
106 106
11. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
12. Charge registered at Companies House
There is a floating charge registered at Companies House over all property and undertakings of the company which includes a negative pledge and a chargor acting as a bare trustee for the property. 
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