Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06898217 D R Millington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06898217 2023-05-31 06898217 2024-05-31 06898217 2023-06-01 2024-05-31 06898217 frs-core:CurrentFinancialInstruments 2024-05-31 06898217 frs-core:Non-currentFinancialInstruments 2024-05-31 06898217 frs-core:BetweenOneFiveYears 2024-05-31 06898217 frs-core:MotorVehicles 2024-05-31 06898217 frs-core:MotorVehicles 2023-06-01 2024-05-31 06898217 frs-core:MotorVehicles 2023-05-31 06898217 frs-core:PlantMachinery 2024-05-31 06898217 frs-core:PlantMachinery 2023-06-01 2024-05-31 06898217 frs-core:PlantMachinery 2023-05-31 06898217 frs-core:WithinOneYear 2024-05-31 06898217 frs-core:ShareCapital 2024-05-31 06898217 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06898217 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06898217 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06898217 frs-bus:SmallEntities 2023-06-01 2024-05-31 06898217 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06898217 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06898217 frs-bus:Director1 2023-06-01 2024-05-31 06898217 frs-countries:EnglandWales 2023-06-01 2024-05-31 06898217 2022-05-31 06898217 2023-05-31 06898217 2022-06-01 2023-05-31 06898217 frs-core:CurrentFinancialInstruments 2023-05-31 06898217 frs-core:Non-currentFinancialInstruments 2023-05-31 06898217 frs-core:BetweenOneFiveYears 2023-05-31 06898217 frs-core:WithinOneYear 2023-05-31 06898217 frs-core:ShareCapital 2023-05-31 06898217 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06898217
Smart Valeting (Uk) Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06898217
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,752 17,534
25,752 17,534
CURRENT ASSETS
Stocks 5 14,307 10,981
Debtors 6 14,873 9,397
Cash at bank and in hand 6,542 5,367
35,722 25,745
Creditors: Amounts Falling Due Within One Year 7 (28,720 ) (28,552 )
NET CURRENT ASSETS (LIABILITIES) 7,002 (2,807 )
TOTAL ASSETS LESS CURRENT LIABILITIES 32,754 14,727
Creditors: Amounts Falling Due After More Than One Year 8 (12,107 ) (11,899 )
NET ASSETS 20,647 2,828
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 20,645 2,826
SHAREHOLDERS' FUNDS 20,647 2,828
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For the year ending 31 May 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
D R Millington
Director
5th February 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
Smart Valeting (Uk) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06898217 . The registered office is Unit 8 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham, NG12 4DG.
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 18% on reducing balance
Motor Vehicles 18% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2023 14,560 18,376 32,936
Additions 2,314 9,095 11,409
As at 31 May 2024 16,874 27,471 44,345
Depreciation
As at 1 June 2023 8,339 7,063 15,402
Provided during the period 1,155 2,036 3,191
As at 31 May 2024 9,494 9,099 18,593
Net Book Value
As at 31 May 2024 7,380 18,372 25,752
As at 1 June 2023 6,221 11,313 17,534
5. Stocks
2024 2023
£ £
Stock 14,307 10,981
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,807 8,644
Other debtors 1,066 753
14,873 9,397
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,016 2,456
Trade creditors 3,447 3,200
Bank loans and overdrafts 3,400 3,354
Corporation tax 2,026 -
Other taxes and social security 8,642 5,083
Other creditors 7,189 14,459
28,720 28,552
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,724 3,070
Bank loans 5,383 8,829
12,107 11,899
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,016 2,456
Later than one year and not later than five years 6,724 3,070
10,740 5,526
10,740 5,526
10. Related Party Transactions
As at 31 May 2024 the company owed the director £5,036 (2023: £13,409).
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