Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 05222559 Mr Christopher Bush Mr Trevor Bush iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05222559 2023-09-30 05222559 2024-09-30 05222559 2023-10-01 2024-09-30 05222559 frs-core:CurrentFinancialInstruments 2024-09-30 05222559 frs-core:Non-currentFinancialInstruments 2024-09-30 05222559 frs-core:FurnitureFittings 2024-09-30 05222559 frs-core:FurnitureFittings 2023-10-01 2024-09-30 05222559 frs-core:FurnitureFittings 2023-09-30 05222559 frs-core:MotorVehicles 2024-09-30 05222559 frs-core:MotorVehicles 2023-10-01 2024-09-30 05222559 frs-core:MotorVehicles 2023-09-30 05222559 frs-core:PlantMachinery 2024-09-30 05222559 frs-core:PlantMachinery 2023-10-01 2024-09-30 05222559 frs-core:PlantMachinery 2023-09-30 05222559 frs-core:ShareCapital 2024-09-30 05222559 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05222559 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05222559 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05222559 frs-bus:SmallEntities 2023-10-01 2024-09-30 05222559 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05222559 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05222559 frs-bus:Director1 2023-10-01 2024-09-30 05222559 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 05222559 frs-core:CurrentFinancialInstruments 1 2024-09-30 05222559 frs-countries:EnglandWales 2023-10-01 2024-09-30 05222559 2022-09-30 05222559 2023-09-30 05222559 2022-10-01 2023-09-30 05222559 frs-core:CurrentFinancialInstruments 2023-09-30 05222559 frs-core:Non-currentFinancialInstruments 2023-09-30 05222559 frs-core:ShareCapital 2023-09-30 05222559 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 05222559 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 05222559
Cross Axle Services Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
The Bottom Line Alresford Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05222559
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,602 7,156
6,602 7,156
CURRENT ASSETS
Stocks 5 28,926 41,561
Debtors 6 42,088 20,206
Cash at bank and in hand 45,514 69,025
116,528 130,792
Creditors: Amounts Falling Due Within One Year 7 (42,474 ) (41,577 )
NET CURRENT ASSETS (LIABILITIES) 74,054 89,215
TOTAL ASSETS LESS CURRENT LIABILITIES 80,656 96,371
Creditors: Amounts Falling Due After More Than One Year 8 (20,833 ) (30,833 )
NET ASSETS 59,823 65,538
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 59,723 65,438
SHAREHOLDERS' FUNDS 59,823 65,538
Page 1
Page 2
For the year ending 30 September 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 Christopher Bush
Director
11/12/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Cross Axle Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05222559 . The registered office is Lyewood Petersfield Road, Ropley, Alresford, Hampshire, SO24 0ES.
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 25% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 25% 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 4 (2023: 3)
4 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 15,730 1,250 2,062 19,042
Additions - - 446 446
As at 30 September 2024 15,730 1,250 2,508 19,488
Depreciation
As at 1 October 2023 10,663 - 1,223 11,886
Provided during the period 779 - 221 1,000
As at 30 September 2024 11,442 - 1,444 12,886
Net Book Value
As at 30 September 2024 4,288 1,250 1,064 6,602
As at 1 October 2023 5,067 1,250 839 7,156
5. Stocks
2024 2023
£ £
Stocks 28,926 41,561
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 42,001 20,119
Director's loan account 87 87
42,088 20,206
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,199 12,120
Corporation tax 20,896 15,482
Other taxes and social security 1,527 2,789
VAT and other taxation 3,145 10,480
Other creditors 1 -
Staff loans 206 206
Accruals 500 500
42,474 41,577
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 20,833 30,833
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
During the year, total dividends of £61,998 (2021 - £27,833) were paid to the shareholders as follows:
Mr Christopher Bush - Director - £30,999
Ms Cordellia House - Shareholder - £30,999
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