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 09694400 Mr Kurt Mensah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09694400 2023-01-31 09694400 2024-01-31 09694400 2023-02-01 2024-01-31 09694400 frs-core:CurrentFinancialInstruments 2024-01-31 09694400 frs-core:Non-currentFinancialInstruments 2024-01-31 09694400 frs-core:BetweenOneFiveYears 2024-01-31 09694400 frs-core:ComputerEquipment 2024-01-31 09694400 frs-core:ComputerEquipment 2023-02-01 2024-01-31 09694400 frs-core:ComputerEquipment 2023-01-31 09694400 frs-core:FurnitureFittings 2024-01-31 09694400 frs-core:FurnitureFittings 2023-02-01 2024-01-31 09694400 frs-core:FurnitureFittings 2023-01-31 09694400 frs-core:MotorVehicles 2024-01-31 09694400 frs-core:MotorVehicles 2023-02-01 2024-01-31 09694400 frs-core:MotorVehicles 2023-01-31 09694400 frs-core:PlantMachinery 2023-02-01 2024-01-31 09694400 frs-core:WithinOneYear 2024-01-31 09694400 frs-core:ShareCapital 2024-01-31 09694400 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09694400 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09694400 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09694400 frs-bus:SmallEntities 2023-02-01 2024-01-31 09694400 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09694400 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09694400 frs-bus:Director1 2023-02-01 2024-01-31 09694400 frs-core:CurrentFinancialInstruments 2 2024-01-31 09694400 frs-core:Non-currentFinancialInstruments 2 2024-01-31 09694400 frs-countries:EnglandWales 2023-02-01 2024-01-31 09694400 2022-01-31 09694400 2023-01-31 09694400 2022-02-01 2023-01-31 09694400 frs-core:CurrentFinancialInstruments 2023-01-31 09694400 frs-core:Non-currentFinancialInstruments 2023-01-31 09694400 frs-core:BetweenOneFiveYears 2023-01-31 09694400 frs-core:WithinOneYear 2023-01-31 09694400 frs-core:ShareCapital 2023-01-31 09694400 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 09694400 frs-core:CurrentFinancialInstruments 2 2023-01-31 09694400 frs-core:Non-currentFinancialInstruments 2 2023-01-31
Registered number: 09694400
Outpoint Motors Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
TaxAssist Accountants - Ashby
2b Derby Road
Ashby-De-La-Zouch
Leicestershire
LE65 2HE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09694400
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 552 8,682
552 8,682
CURRENT ASSETS
Stocks 5 5,934 20,789
Debtors 6 13,221 12,488
Cash at bank and in hand 6,954 8,757
26,109 42,034
Creditors: Amounts Falling Due Within One Year 7 (69,458 ) (46,162 )
NET CURRENT ASSETS (LIABILITIES) (43,349 ) (4,128 )
TOTAL ASSETS LESS CURRENT LIABILITIES (42,797 ) 4,554
Creditors: Amounts Falling Due After More Than One Year 8 (5,804 ) (17,526 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (585 )
NET LIABILITIES (48,601 ) (13,557 )
CAPITAL AND RESERVES
Called up share capital 10 101 101
Profit and Loss Account (48,702 ) (13,658 )
SHAREHOLDERS' FUNDS (48,601) (13,557)
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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 Kurt Mensah
Director
31st October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Outpoint Motors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09694400 . The registered office is 7 James Street, Coalville, Leicestershire, LE67 3BX.
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:
Plant & Machinery 25% SL
Motor Vehicles 25% SL
Fixtures & Fittings 25% SL
Computer Equipment 25% SL
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 29,866 1,637 1,015 32,518
As at 31 January 2024 29,866 1,637 1,015 32,518
Depreciation
As at 1 February 2023 22,399 878 559 23,836
Provided during the period 7,467 409 254 8,130
As at 31 January 2024 29,866 1,287 813 31,966
Net Book Value
As at 31 January 2024 - 350 202 552
As at 1 February 2023 7,467 759 456 8,682
5. Stocks
2024 2023
£ £
Finished goods 5,934 20,789
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,149 3,308
VAT 1,167 7,470
Called up share capital not paid 100 100
12,416 10,878
Due after more than one year
Other debtors 805 1,610
13,221 12,488
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,061 8,051
Trade creditors - (1 )
Bank loans and overdrafts 2,533 2,533
Corporation tax 2,925 4,594
Other taxes and social security 1,807 244
Net wages 1,455 1,455
Other creditors (2) 549 -
Accruals and deferred income - 3,000
Director's loan account 52,128 26,286
69,458 46,162
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 8,061
Bank loans 5,392 9,465
Other creditors (2) 412 -
5,804 17,526
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,061 8,051
Later than one year and not later than five years - 8,061
8,061 16,112
8,061 16,112
10. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 100 100
Called Up Share Capital has been paid up 1 1
Amount of Allotted, Called Up Share Capital 101 101
11. Additional Disclosures
Bounce Back Loan
Prior to this year, the business took a Bounce Back Loan due to the uncertainty of the economic climate. A total of £7,925 is repayable as of the year end and is shown under the classification of liabilities. 
Director's Loan
The Director, Mr Kurt Mensah provided a working capital loan to the company during the year to meet company expenses. The balance outstanding to the Director as at 31st January 2024 was £52,128 (2023 £26,286). The loan has no prescribed method of repayment and attracts no interest. This amount is included under the classification of Liabilities.
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