Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07145851 Mr Alfie Rump Mr Gary Rump iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07145851 2023-02-28 07145851 2024-02-29 07145851 2023-03-01 2024-02-29 07145851 frs-core:CurrentFinancialInstruments 2024-02-29 07145851 frs-core:FurnitureFittings 2024-02-29 07145851 frs-core:FurnitureFittings 2023-03-01 2024-02-29 07145851 frs-core:FurnitureFittings 2023-02-28 07145851 frs-core:MotorVehicles 2024-02-29 07145851 frs-core:MotorVehicles 2023-03-01 2024-02-29 07145851 frs-core:MotorVehicles 2023-02-28 07145851 frs-core:PlantMachinery 2024-02-29 07145851 frs-core:PlantMachinery 2023-03-01 2024-02-29 07145851 frs-core:PlantMachinery 2023-02-28 07145851 frs-core:ShareCapital 2024-02-29 07145851 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07145851 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07145851 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07145851 frs-bus:SmallEntities 2023-03-01 2024-02-29 07145851 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07145851 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07145851 frs-bus:Director1 2023-03-01 2024-02-29 07145851 frs-bus:Director2 2023-03-01 2024-02-29 07145851 frs-core:CurrentFinancialInstruments 1 2024-02-29 07145851 frs-core:CurrentFinancialInstruments 2 2024-02-29 07145851 frs-core:CurrentFinancialInstruments 3 2024-02-29 07145851 frs-core:CurrentFinancialInstruments 4 2024-02-29 07145851 frs-countries:EnglandWales 2023-03-01 2024-02-29 07145851 2022-02-28 07145851 2023-02-28 07145851 2022-03-01 2023-02-28 07145851 frs-core:CurrentFinancialInstruments 2023-02-28 07145851 frs-core:ShareCapital 2023-02-28 07145851 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 07145851 frs-core:CurrentFinancialInstruments 1 2023-02-28 07145851 frs-core:CurrentFinancialInstruments 2 2023-02-28 07145851 frs-core:CurrentFinancialInstruments 3 2023-02-28 07145851 frs-core:CurrentFinancialInstruments 4 2023-02-28
Registered number: 07145851
Blackfen Motorist Centre Ltd
Financial Statements
For The Year Ended 29 February 2024
Adams & Moore Ltd
Adams & Moore House
Instone Road
Dartford
DA1 2AG
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07145851
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 102,875 92,022
102,875 92,022
CURRENT ASSETS
Stocks 4 2,500 2,500
Debtors 5 10,972 18,416
Cash at bank and in hand 22,253 39,517
35,725 60,433
Creditors: Amounts Falling Due Within One Year 6 (122,972 ) (100,721 )
NET CURRENT ASSETS (LIABILITIES) (87,247 ) (40,288 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,628 51,734
NET ASSETS 15,628 51,734
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 15,528 51,634
SHAREHOLDERS' FUNDS 15,628 51,734
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For the year ending 29 February 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 Gary Rump
Director
25/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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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:
Plant & Machinery 10% on reducing balance
Motor Vehicles 10% on reducing balance
Fixtures & Fittings 10% on reducing balance
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.
1.5. 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. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 7)
6 7
3. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 134,158 94,693 - 228,851
Additions 20,056 - - 20,056
As at 29 February 2024 154,214 94,693 - 248,907
Depreciation
As at 1 March 2023 74,584 62,245 - 136,829
Provided during the period 5,958 3,245 - 9,203
As at 29 February 2024 80,542 65,490 - 146,032
Net Book Value
As at 29 February 2024 73,672 29,203 - 102,875
As at 1 March 2023 59,574 32,448 - 92,022
4. Stocks
2024 2023
£ £
Finished goods 2,500 2,500
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,376 16,222
Prepayments and accrued income 1,567 2,194
VAT 1,029 -
10,972 18,416
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 51,882 32,941
Corporation tax 906 12,476
Other taxes and social security 4,495 3,743
VAT - 3,980
Pension Fund a/c 484 182
Credit Card 12,446 10,423
Other Loan 22,500 32,500
Barclays commercial card 5,817 2,027
...CONTINUED
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Other creditor 21,998 -
Accruals and deferred income 2,350 2,350
Directors' loan accounts 94 99
122,972 100,721
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. General Information
Blackfen Motorist Centre Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07145851 . The registered office is Adams & Moore House, Instone Road, Dartford, DA1 2AG.
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