Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 04985842 Mr Robert Thomas Mrs Vicky Thomas Mr Scott Thomas Mr Callum Matthews iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04985842 2023-02-28 04985842 2024-02-29 04985842 2023-03-01 2024-02-29 04985842 frs-core:CurrentFinancialInstruments 2024-02-29 04985842 frs-core:ComputerEquipment 2024-02-29 04985842 frs-core:ComputerEquipment 2023-03-01 2024-02-29 04985842 frs-core:ComputerEquipment 2023-02-28 04985842 frs-core:FurnitureFittings 2024-02-29 04985842 frs-core:FurnitureFittings 2023-03-01 2024-02-29 04985842 frs-core:FurnitureFittings 2023-02-28 04985842 frs-core:MotorVehicles 2024-02-29 04985842 frs-core:MotorVehicles 2023-03-01 2024-02-29 04985842 frs-core:MotorVehicles 2023-02-28 04985842 frs-core:PlantMachinery 2024-02-29 04985842 frs-core:PlantMachinery 2023-03-01 2024-02-29 04985842 frs-core:PlantMachinery 2023-02-28 04985842 frs-core:ShareCapital 2024-02-29 04985842 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 04985842 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04985842 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 04985842 frs-bus:SmallEntities 2023-03-01 2024-02-29 04985842 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 04985842 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 04985842 frs-bus:Director1 2023-03-01 2024-02-29 04985842 frs-bus:Director2 2023-03-01 2024-02-29 04985842 frs-bus:Director3 2023-03-01 2024-02-29 04985842 frs-bus:Director4 2023-03-01 2024-02-29 04985842 frs-countries:EnglandWales 2023-03-01 2024-02-29 04985842 2022-02-28 04985842 2023-02-28 04985842 2022-03-01 2023-02-28 04985842 frs-core:CurrentFinancialInstruments 2023-02-28 04985842 frs-core:ShareCapital 2023-02-28 04985842 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 04985842
Trailerman Limited
Financial Statements
For The Year Ended 29 February 2024
Certified Public Accountants
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04985842
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,996 61,409
19,996 61,409
CURRENT ASSETS
Stocks 5 44,777 43,441
Debtors 6 107,077 82,617
Cash at bank and in hand 83,412 57,525
235,266 183,583
Creditors: Amounts Falling Due Within One Year 7 (58,637 ) (96,727 )
NET CURRENT ASSETS (LIABILITIES) 176,629 86,856
TOTAL ASSETS LESS CURRENT LIABILITIES 196,625 148,265
PROVISIONS FOR LIABILITIES
Deferred Taxation - (8,787 )
NET ASSETS 196,625 139,478
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 196,525 139,378
SHAREHOLDERS' FUNDS 196,625 139,478
Page 1
Page 2
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 Scott Thomas
Director
29th November 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
Trailerman Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04985842 . The registered office is 14 Clos Tyn Y Coed, Sarn, Bridgend, CF32 9PQ.
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 AIA or 18% Reducing Balance
Motor Vehicles AIA or 18% Reducing Balance
Fixtures & Fittings AIA or 18% Reducing Balance
Computer Equipment AIA or 18% Reducing Balance
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 80,946 155,577 380 14,376 251,279
Additions - 56,229 - 2,239 58,468
Disposals - (16,995 ) - - (16,995 )
As at 29 February 2024 80,946 194,811 380 16,615 292,752
Depreciation
As at 1 March 2023 52,828 123,407 359 13,276 189,870
Provided during the period 5,007 62,017 5 2,603 69,632
Disposals - 13,254 - - 13,254
As at 29 February 2024 57,835 198,678 364 15,879 272,756
Net Book Value
As at 29 February 2024 23,111 (3,867 ) 16 736 19,996
As at 1 March 2023 28,118 32,170 21 1,100 61,409
5. Stocks
2024 2023
£ £
Materials 44,777 43,441
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 107,077 82,617
107,077 82,617
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,308 8,422
Corporation tax - 3,424
Other taxes and social security 1,840 865
VAT 6,955 6,766
Directors' loan accounts 34,534 77,250
58,637 96,727
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5