Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08012266 Mr Roy Badcock Mrs Wendy Badcock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08012266 2023-03-31 08012266 2024-03-31 08012266 2023-04-01 2024-03-31 08012266 frs-core:CurrentFinancialInstruments 2024-03-31 08012266 frs-core:Non-currentFinancialInstruments 2024-03-31 08012266 frs-core:ComputerEquipment 2024-03-31 08012266 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08012266 frs-core:ComputerEquipment 2023-03-31 08012266 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 08012266 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08012266 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 08012266 frs-core:MotorVehicles 2024-03-31 08012266 frs-core:MotorVehicles 2023-04-01 2024-03-31 08012266 frs-core:MotorVehicles 2023-03-31 08012266 frs-core:ShareCapital 2024-03-31 08012266 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08012266 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08012266 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08012266 frs-bus:SmallEntities 2023-04-01 2024-03-31 08012266 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08012266 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08012266 frs-core:UnlistedNon-exchangeTraded 2024-03-31 08012266 frs-core:UnlistedNon-exchangeTraded 2023-03-31 08012266 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 08012266 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 08012266 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 08012266 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 08012266 frs-bus:Director1 2023-04-01 2024-03-31 08012266 frs-bus:Director2 2023-04-01 2024-03-31 08012266 frs-core:CurrentFinancialInstruments 1 2024-03-31 08012266 frs-core:Non-currentFinancialInstruments 1 2024-03-31 08012266 frs-core:CurrentFinancialInstruments 2 2024-03-31 08012266 frs-core:Non-currentFinancialInstruments 2 2024-03-31 08012266 frs-countries:EnglandWales 2023-04-01 2024-03-31 08012266 2022-03-31 08012266 2023-03-31 08012266 2022-04-01 2023-03-31 08012266 frs-core:CurrentFinancialInstruments 2023-03-31 08012266 frs-core:Non-currentFinancialInstruments 2023-03-31 08012266 frs-core:ShareCapital 2023-03-31 08012266 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08012266 frs-core:CurrentFinancialInstruments 1 2023-03-31 08012266 frs-core:Non-currentFinancialInstruments 1 2023-03-31 08012266 frs-core:CurrentFinancialInstruments 2 2023-03-31 08012266 frs-core:Non-currentFinancialInstruments 2 2023-03-31
Registered number: 08012266
Spike Transport Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Compton Hardwick Ltd
20 Elin Way
Meldreth
Royston
Hertfordshire
SG86LX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08012266
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,275 22,168
Investments 5 150,000 150,000
168,275 172,168
CURRENT ASSETS
Debtors 6 75,519 87,113
75,519 87,113
Creditors: Amounts Falling Due Within One Year 7 (85,932 ) (102,776 )
NET CURRENT ASSETS (LIABILITIES) (10,413 ) (15,663 )
TOTAL ASSETS LESS CURRENT LIABILITIES 157,862 156,505
Creditors: Amounts Falling Due After More Than One Year 8 (54,175 ) (59,583 )
NET ASSETS 103,687 96,922
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 103,587 96,822
SHAREHOLDERS' FUNDS 103,687 96,922
Page 1
Page 2
For the year ending 31 March 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 Roy Badcock
Director
25/10/2024
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
Spike Transport Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08012266 . The registered office is C L Travel, The Coach Yard Grange Farm, Flint Cross, Royston, Herts, SG8 7PR.
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:
Freehold Over 20 years
Motor Vehicles Over 8 years
Computer Equipment Over 4 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 2,854 26,000 5,114 33,968
As at 31 March 2024 2,854 26,000 5,114 33,968
Depreciation
As at 1 April 2023 998 6,188 4,614 11,800
Provided during the period 143 3,250 500 3,893
As at 31 March 2024 1,141 9,438 5,114 15,693
Net Book Value
As at 31 March 2024 1,713 16,562 - 18,275
As at 1 April 2023 1,856 19,812 500 22,168
Page 3
Page 4
5. Investments
Unlisted
£
Cost
As at 1 April 2023 150,000
As at 31 March 2024 150,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 150,000
As at 1 April 2023 150,000
The company owns 100% of the share capital in C L Travel Ltd, a company incorporated in the UK.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,620 9,020
Other debtors 578 2,272
Amounts owed by subsidiaries 73,321 75,821
75,519 87,113
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,078 3,211
Bank loans and overdrafts 8,390 18,842
Other creditors 750 750
Bounceback loan 5,500 5,500
Business credit card 30,074 30,358
Directors' loan accounts 40,140 44,115
85,932 102,776
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounceback Loan 14,175 19,583
Unsecured loan 40,000 40,000
54,175 59,583
Page 4
Page 5
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The bank loan is secured by a directors personal guarantee.
2024 2023
£ £
Bank loans and overdrafts - 12,103
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5