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 02158045 Mr R Hughes Mr H S Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02158045 2023-09-30 02158045 2024-09-30 02158045 2023-10-01 2024-09-30 02158045 frs-core:CurrentFinancialInstruments 2024-09-30 02158045 frs-core:Non-currentFinancialInstruments 2024-09-30 02158045 frs-core:ComputerEquipment 2024-09-30 02158045 frs-core:ComputerEquipment 2023-10-01 2024-09-30 02158045 frs-core:ComputerEquipment 2023-09-30 02158045 frs-core:FurnitureFittings 2024-09-30 02158045 frs-core:FurnitureFittings 2023-10-01 2024-09-30 02158045 frs-core:FurnitureFittings 2023-09-30 02158045 frs-core:NetGoodwill 2024-09-30 02158045 frs-core:NetGoodwill 2023-10-01 2024-09-30 02158045 frs-core:NetGoodwill 2023-09-30 02158045 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 02158045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 02158045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02158045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 02158045 frs-core:MotorVehicles 2024-09-30 02158045 frs-core:MotorVehicles 2023-10-01 2024-09-30 02158045 frs-core:MotorVehicles 2023-09-30 02158045 frs-core:PlantMachinery 2024-09-30 02158045 frs-core:PlantMachinery 2023-10-01 2024-09-30 02158045 frs-core:PlantMachinery 2023-09-30 02158045 frs-core:OtherReservesSubtotal 2024-09-30 02158045 frs-core:ShareCapital 2024-09-30 02158045 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 02158045 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02158045 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 02158045 frs-bus:SmallEntities 2023-10-01 2024-09-30 02158045 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02158045 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 02158045 frs-bus:Director1 2023-10-01 2024-09-30 02158045 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 02158045 frs-countries:EnglandWales 2023-10-01 2024-09-30 02158045 2022-09-30 02158045 2023-09-30 02158045 2022-10-01 2023-09-30 02158045 frs-core:CurrentFinancialInstruments 2023-09-30 02158045 frs-core:Non-currentFinancialInstruments 2023-09-30 02158045 frs-core:OtherReservesSubtotal 2023-09-30 02158045 frs-core:ShareCapital 2023-09-30 02158045 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 02158045
Charles Stuart Autos Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02158045
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 134,055 143,198
134,055 143,198
CURRENT ASSETS
Stocks 6 111,110 112,663
Debtors 7 67,056 53,739
Cash at bank and in hand 55,886 85,307
234,052 251,709
Creditors: Amounts Falling Due Within One Year 8 (51,187 ) (61,706 )
NET CURRENT ASSETS (LIABILITIES) 182,865 190,003
TOTAL ASSETS LESS CURRENT LIABILITIES 316,920 333,201
Creditors: Amounts Falling Due After More Than One Year 9 (65,615 ) (70,666 )
NET ASSETS 251,305 262,535
CAPITAL AND RESERVES
Called up share capital 10 94 94
Other reserves 150,000 150,000
Profit and Loss Account 101,211 112,441
SHAREHOLDERS' FUNDS 251,305 262,535
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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 R Hughes
Director
7th February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Charles Stuart Autos Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02158045 . The registered office is 50 Pield Heath Rd, Hillingdon, Middlesex, UB8 3NG.
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. 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.
2.4. 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:
Freehold 2% on cost
Leasehold 7% on cost
Plant & Machinery 25% Red.Bal.
Motor Vehicles 25% Red.Bal
Fixtures & Fittings 25% Red.Bal
Computer Equipment 25% Red.Bal
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.
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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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 97,000
As at 30 September 2024 97,000
Amortisation
As at 1 October 2023 97,000
As at 30 September 2024 97,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2023 313,940 52,272 2,000 29,129
As at 30 September 2024 313,940 52,272 2,000 29,129
Depreciation
As at 1 October 2023 175,181 49,817 1,999 28,491
Provided during the period 6,278 1,094 1 638
As at 30 September 2024 181,459 50,911 2,000 29,129
Net Book Value
As at 30 September 2024 132,481 1,361 - -
As at 1 October 2023 138,759 2,455 1 638
Computer Equipment Total
£ £
Cost
As at 1 October 2023 11,552 408,893
As at 30 September 2024 11,552 408,893
Depreciation
As at 1 October 2023 10,207 265,695
Provided during the period 1,132 9,143
As at 30 September 2024 11,339 274,838
Net Book Value
As at 30 September 2024 213 134,055
As at 1 October 2023 1,345 143,198
6. Stocks
2024 2023
£ £
Stock 111,110 112,663
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,631 34,282
Other debtors 19,425 19,457
67,056 53,739
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 334 9,492
Other loans 32,928 32,928
Other creditors 15,464 15,496
Taxation and social security 2,461 3,790
51,187 61,706
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 65,615 70,666
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 94 94
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