Acorah Software Products - Accounts Production 16.1.200 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11682122 Mr W G Clare Mr A C Hodgson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11682122 2022-11-30 11682122 2023-11-30 11682122 2022-12-01 2023-11-30 11682122 frs-core:CurrentFinancialInstruments 2023-11-30 11682122 frs-core:Non-currentFinancialInstruments 2023-11-30 11682122 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-01 2023-11-30 11682122 frs-core:NetGoodwill 2023-11-30 11682122 frs-core:NetGoodwill 2022-12-01 2023-11-30 11682122 frs-core:NetGoodwill 2022-11-30 11682122 frs-core:OtherResidualIntangibleAssets 2023-11-30 11682122 frs-core:OtherResidualIntangibleAssets 2022-12-01 2023-11-30 11682122 frs-core:OtherResidualIntangibleAssets 2022-11-30 11682122 frs-core:PlantMachinery 2023-11-30 11682122 frs-core:PlantMachinery 2022-12-01 2023-11-30 11682122 frs-core:PlantMachinery 2022-11-30 11682122 frs-core:SharePremium 2023-11-30 11682122 frs-core:ShareCapital 2023-11-30 11682122 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11682122 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11682122 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11682122 frs-bus:SmallEntities 2022-12-01 2023-11-30 11682122 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11682122 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11682122 frs-bus:Director1 2022-12-01 2023-11-30 11682122 frs-bus:Director2 2022-12-01 2023-11-30 11682122 frs-countries:EnglandWales 2022-12-01 2023-11-30 11682122 2021-11-30 11682122 2022-11-30 11682122 2021-12-01 2022-11-30 11682122 frs-core:CurrentFinancialInstruments 2022-11-30 11682122 frs-core:Non-currentFinancialInstruments 2022-11-30 11682122 frs-core:SharePremium 2022-11-30 11682122 frs-core:ShareCapital 2022-11-30 11682122 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 11682122
If Vehicles Ltd
Financial Statements
For The Year Ended 30 November 2023
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11682122
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,229 7,290
Tangible Assets 5 828 1,865
16,057 9,155
CURRENT ASSETS
Debtors 6 625 25,310
Cash at bank and in hand - 2,263
625 27,573
Creditors: Amounts Falling Due Within One Year 7 (49,000 ) (17,710 )
NET CURRENT ASSETS (LIABILITIES) (48,375 ) 9,863
TOTAL ASSETS LESS CURRENT LIABILITIES (32,318 ) 19,018
Creditors: Amounts Falling Due After More Than One Year 8 (11,170 ) (11,170 )
NET (LIABILITIES)/ASSETS (43,488 ) 7,848
CAPITAL AND RESERVES
Called up share capital 9 135 135
Share premium account 146,588 146,588
Profit and Loss Account (190,211 ) (138,875 )
SHAREHOLDERS' FUNDS (43,488) 7,848
Page 1
Page 2
For the year ending 30 November 2023 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 W G Clare
Director
22nd January 2025
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
If Vehicles Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11682122 . The registered office is 56 Lenton Avenue, Formby, Liverpool, L37 1XY. The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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 straight line 25%
2.5. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 December 2022 - 7,290 7,290
Additions 7,939 - 7,939
As at 30 November 2023 7,939 7,290 15,229
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 November 2023 7,939 7,290 15,229
As at 1 December 2022 - 7,290 7,290
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2022 3,110
As at 30 November 2023 3,110
Depreciation
As at 1 December 2022 1,245
Provided during the period 1,037
As at 30 November 2023 2,282
Net Book Value
As at 30 November 2023 828
As at 1 December 2022 1,865
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 625 25,310
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,252 50
Bank loans and overdrafts 3,134 3,088
Other creditors 23,925 5,359
Taxation and social security 20,689 9,213
49,000 17,710
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 11,170 11,170
Page 4
Page 5
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 135 135
Page 5