Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 04910409 Mr Stephen Affleck iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04910409 2023-09-30 04910409 2024-09-30 04910409 2023-10-01 2024-09-30 04910409 frs-core:CurrentFinancialInstruments 2024-09-30 04910409 frs-core:ComputerEquipment 2024-09-30 04910409 frs-core:ComputerEquipment 2023-10-01 2024-09-30 04910409 frs-core:ComputerEquipment 2023-09-30 04910409 frs-core:FurnitureFittings 2024-09-30 04910409 frs-core:FurnitureFittings 2023-10-01 2024-09-30 04910409 frs-core:FurnitureFittings 2023-09-30 04910409 frs-core:MotorVehicles 2024-09-30 04910409 frs-core:MotorVehicles 2023-10-01 2024-09-30 04910409 frs-core:MotorVehicles 2023-09-30 04910409 frs-core:PlantMachinery 2024-09-30 04910409 frs-core:PlantMachinery 2023-10-01 2024-09-30 04910409 frs-core:PlantMachinery 2023-09-30 04910409 frs-core:ShareCapital 2024-09-30 04910409 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04910409 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04910409 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 04910409 frs-bus:SmallEntities 2023-10-01 2024-09-30 04910409 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04910409 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04910409 frs-bus:Director1 2023-10-01 2024-09-30 04910409 frs-core:CurrentFinancialInstruments 1 2024-09-30 04910409 frs-countries:EnglandWales 2023-10-01 2024-09-30 04910409 2022-09-30 04910409 2023-09-30 04910409 2022-10-01 2023-09-30 04910409 frs-core:CurrentFinancialInstruments 2023-09-30 04910409 frs-core:ShareCapital 2023-09-30 04910409 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 04910409 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 04910409
A1 Carriages Car Sales Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04910409
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,781 12,333
11,781 12,333
CURRENT ASSETS
Stocks 5 714,608 693,258
Debtors 6 102,251 10,032
Cash at bank and in hand 1,014,242 1,067,936
1,831,101 1,771,226
Creditors: Amounts Falling Due Within One Year 7 (631,682 ) (647,272 )
NET CURRENT ASSETS (LIABILITIES) 1,199,419 1,123,954
TOTAL ASSETS LESS CURRENT LIABILITIES 1,211,200 1,136,287
NET ASSETS 1,211,200 1,136,287
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,211,100 1,136,187
SHAREHOLDERS' FUNDS 1,211,200 1,136,287
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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 Stephen Affleck
Director
15/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
A1 Carriages Car Sales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04910409 . The registered office is Riddingtons, The Old Barn, Off wood street, Swanley , Kent, BR8 7PA.
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.
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 15% WDV
Motor Vehicles 25% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 8)
9 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 20,340 28,210 15,821 20,874 85,245
Additions 1,223 - - 489 1,712
As at 30 September 2024 21,563 28,210 15,821 21,363 86,957
Depreciation
As at 1 October 2023 16,507 26,622 13,083 16,700 72,912
Provided during the period 759 397 410 698 2,264
As at 30 September 2024 17,266 27,019 13,493 17,398 75,176
Net Book Value
As at 30 September 2024 4,297 1,191 2,328 3,965 11,781
As at 1 October 2023 3,833 1,588 2,738 4,174 12,333
5. Stocks
2024 2023
£ £
Stock 714,608 693,258
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 69,002 5,749
Prepayments and accrued income 2,649 4,283
Other debtors 3,307 -
Director's loan account 1,903 -
Amounts owed by other participating interests 25,390 -
102,251 10,032
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 274,098 252,575
Bank loans and overdrafts 9,122 34,967
Corporation tax 51,745 76,051
VAT 22,638 37,583
Other creditors 247,365 156,332
Inter company account 26,714 48,313
Director's loan account - 41,451
631,682 647,272
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included in the Other Debtors is an amount owed to the company by the director Mr S Affleck totalling £1,903 (2023 - £41,451 Creditors), no interest is to be charged.
A1 Carriages Car Sales Limited purchased goods to the value of £360,980 (2023 - £448,896) from A1 Carriages Limited and the balance due to A1 Carriages Limited at the year end is £6,623 (2023 - £46,888). Mr S Affleck owns 60% if the Share capital of A1 Carriages Car Sales Limited and 60% if the share capital of A1 Carriages Limited and is a director of both.
Included in the Other Creditors is an amount owed to A1 Carriages Ltd totalling £26,714 (2023 - £48,313), for which Mr S Affleck is a director. No interest is to be charged and no repayment terms have been agreed.
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