Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 04416947 Mr AARON SVERDLOFF Mr ALAN JIGGENS Mr Ronald SVERDLOFF iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04416947 2023-04-30 04416947 2024-04-30 04416947 2023-05-01 2024-04-30 04416947 frs-core:CurrentFinancialInstruments 2024-04-30 04416947 frs-core:Non-currentFinancialInstruments 2024-04-30 04416947 frs-core:ComputerEquipment 2024-04-30 04416947 frs-core:ComputerEquipment 2023-05-01 2024-04-30 04416947 frs-core:ComputerEquipment 2023-04-30 04416947 frs-core:FurnitureFittings 2023-05-01 2024-04-30 04416947 frs-core:MotorVehicles 2024-04-30 04416947 frs-core:MotorVehicles 2023-05-01 2024-04-30 04416947 frs-core:MotorVehicles 2023-04-30 04416947 frs-core:PlantMachinery 2024-04-30 04416947 frs-core:PlantMachinery 2023-05-01 2024-04-30 04416947 frs-core:PlantMachinery 2023-04-30 04416947 frs-core:ShareCapital 2024-04-30 04416947 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04416947 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04416947 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 04416947 frs-bus:SmallEntities 2023-05-01 2024-04-30 04416947 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04416947 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04416947 frs-bus:Director1 2023-05-01 2024-04-30 04416947 frs-bus:Director2 2023-05-01 2024-04-30 04416947 frs-bus:Director3 2023-05-01 2024-04-30 04416947 frs-countries:EnglandWales 2023-05-01 2024-04-30 04416947 2022-04-30 04416947 2023-04-30 04416947 2022-05-01 2023-04-30 04416947 frs-core:CurrentFinancialInstruments 2023-04-30 04416947 frs-core:Non-currentFinancialInstruments 2023-04-30 04416947 frs-core:ShareCapital 2023-04-30 04416947 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 04416947
THE SCOOTER CLUB (UK) LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2024
SLM Accountants & Tax Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04416947
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 71,771 65,950
71,771 65,950
CURRENT ASSETS
Stocks 5 970,061 724,560
Debtors 6 272,365 199,931
Cash at bank and in hand 603,577 224,833
1,846,003 1,149,324
Creditors: Amounts Falling Due Within One Year 7 (1,545,161 ) (1,003,991 )
NET CURRENT ASSETS (LIABILITIES) 300,842 145,333
TOTAL ASSETS LESS CURRENT LIABILITIES 372,613 211,283
Creditors: Amounts Falling Due After More Than One Year 8 (21,801 ) (18,003 )
NET ASSETS 350,812 193,280
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 350,712 193,180
SHAREHOLDERS' FUNDS 350,812 193,280
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Page 2
For the year ending 30 April 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 AARON SVERDLOFF
Director
16/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
THE SCOOTER CLUB (UK) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04416947 . The registered office is 45-49 Market Square, Basildon, SS14 1DE.
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 20% SLM
Motor Vehicles 20% SLM
Fixtures & Fittings 20% SLM
Computer Equipment 20% SLM
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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 41 (2023: 29)
41 29
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 130,883 27,444 15,057 173,384
Additions - - 5,821 5,821
As at 30 April 2024 130,883 27,444 20,878 179,205
Depreciation
As at 1 May 2023 71,464 27,443 8,527 107,434
As at 30 April 2024 71,464 27,443 8,527 107,434
Net Book Value
As at 30 April 2024 59,419 1 12,351 71,771
As at 1 May 2023 59,419 1 6,530 65,950
5. Stocks
2024 2023
£ £
Finished goods 970,061 724,560
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 215,391 143,520
Other debtors - 5,942
VAT 56,974 50,469
272,365 199,931
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 874,027 927,295
Bank loans and overdrafts 517,488 13,195
Corporation tax 9,426 18,470
Other taxes and social security 25,706 24,101
Other creditors 97,684 100
Accruals and deferred income 17,830 17,830
Directors' loan accounts 3,000 3,000
1,545,161 1,003,991
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,801 18,003
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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