Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10016634 Mr Kevin Clark iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10016634 2023-02-28 10016634 2024-02-28 10016634 2023-03-01 2024-02-28 10016634 frs-core:CurrentFinancialInstruments 2024-02-28 10016634 frs-core:Non-currentFinancialInstruments 2024-02-28 10016634 frs-core:MotorVehicles 2024-02-28 10016634 frs-core:MotorVehicles 2023-03-01 2024-02-28 10016634 frs-core:MotorVehicles 2023-02-28 10016634 frs-core:ShareCapital 2024-02-28 10016634 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10016634 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10016634 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10016634 frs-bus:SmallEntities 2023-03-01 2024-02-28 10016634 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10016634 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10016634 frs-bus:Director1 2023-03-01 2024-02-28 10016634 frs-core:CurrentFinancialInstruments 2 2024-02-28 10016634 frs-countries:EnglandWales 2023-03-01 2024-02-28 10016634 2022-02-28 10016634 2023-02-28 10016634 2022-03-01 2023-02-28 10016634 frs-core:CurrentFinancialInstruments 2023-02-28 10016634 frs-core:Non-currentFinancialInstruments 2023-02-28 10016634 frs-core:ShareCapital 2023-02-28 10016634 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 10016634 frs-core:CurrentFinancialInstruments 2 2023-02-28
Registered number: 10016634
The Mobility Shack Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Total Accounting Kent Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10016634
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 - 1,148
- 1,148
CURRENT ASSETS
Stocks 4 34,750 26,126
Debtors 5 18,409 50,379
Cash at bank and in hand 25,681 9,501
78,840 86,006
Creditors: Amounts Falling Due Within One Year 6 (18,773 ) (32,882 )
NET CURRENT ASSETS (LIABILITIES) 60,067 53,124
TOTAL ASSETS LESS CURRENT LIABILITIES 60,067 54,272
Creditors: Amounts Falling Due After More Than One Year 7 (59,896 ) (44,135 )
NET ASSETS 171 10,137
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 170 10,136
SHAREHOLDERS' FUNDS 171 10,137
Page 1
Page 2
For the year ending 28 February 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 Kevin Clark
Director
22/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Motor Vehicles 33.3% on straigh-line method
1.4. 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. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
3. Tangible Assets
Motor Vehicles
£
Cost
As at 1 March 2023 4,490
As at 28 February 2024 4,490
Depreciation
As at 1 March 2023 3,342
Provided during the period 1,148
As at 28 February 2024 4,490
Net Book Value
As at 28 February 2024 -
As at 1 March 2023 1,148
4. Stocks
2024 2023
£ £
Finished goods 34,750 26,126
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 10,528 10,453
VAT 5,314 35,988
Other taxes and social security 1,771 -
Director's loan account 796 3,938
18,409 50,379
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,404 24,846
Other loans 5,000 5,000
Corporation tax 2,623 747
Other taxes and social security - 534
Credit Card 615 978
Pensions Payable 114 195
Accruals and deferred income 1,017 582
18,773 32,882
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 59,896 44,135
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 20,000 30,000
Page 4