Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 9727819 Mr Stephen Boateng iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9727819 2023-08-31 9727819 2024-08-31 9727819 2023-09-01 2024-08-31 9727819 frs-core:CurrentFinancialInstruments 2024-08-31 9727819 frs-core:Non-currentFinancialInstruments 2024-08-31 9727819 frs-core:BetweenOneFiveYears 2024-08-31 9727819 frs-core:MotorVehicles 2024-08-31 9727819 frs-core:MotorVehicles 2023-09-01 2024-08-31 9727819 frs-core:MotorVehicles 2023-08-31 9727819 frs-core:WithinOneYear 2024-08-31 9727819 frs-core:ShareCapital 2024-08-31 9727819 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 9727819 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 9727819 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 9727819 frs-bus:SmallEntities 2023-09-01 2024-08-31 9727819 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 9727819 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 9727819 frs-bus:Director1 2023-09-01 2024-08-31 9727819 frs-countries:EnglandWales 2023-09-01 2024-08-31 9727819 2022-08-31 9727819 2023-08-31 9727819 2022-09-01 2023-08-31 9727819 frs-core:CurrentFinancialInstruments 2023-08-31 9727819 frs-core:Non-currentFinancialInstruments 2023-08-31 9727819 frs-core:BetweenOneFiveYears 2023-08-31 9727819 frs-core:WithinOneYear 2023-08-31 9727819 frs-core:ShareCapital 2023-08-31 9727819 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 9727819
STEVE AUTOS LTD
Unaudited Financial Statements
For The Year Ended 31 August 2024
CLASSIC ACCOUNTANCY SERVICES (UK) LTD
33a Crook Log
Bexleyheath
Kent
DA6 8EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 9727819
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 399,182 363,074
399,182 363,074
CURRENT ASSETS
Debtors 5 - 3,495
Cash at bank and in hand 1,665 5,843
1,665 9,338
Creditors: Amounts Falling Due Within One Year 6 (40,918 ) (15,171 )
NET CURRENT ASSETS (LIABILITIES) (39,253 ) (5,833 )
TOTAL ASSETS LESS CURRENT LIABILITIES 359,929 357,241
Creditors: Amounts Falling Due After More Than One Year 7 (358,031 ) (423,402 )
NET ASSETS/(LIABILITIES) 1,898 (66,161 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 1,897 (66,162 )
SHAREHOLDERS' FUNDS 1,898 (66,161)
Page 1
Page 2
For the year ending 31 August 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 Boateng
Director
11/02/2025
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
STEVE AUTOS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 9727819 . The registered office is 155 Oswald, Court Wood Lane, Croydon, CR0 9HE.
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:
Motor Vehicles 15%
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 September 2023 727,368
Additions 109,930
Disposals (48,198 )
As at 31 August 2024 789,100
Depreciation
As at 1 September 2023 364,294
Provided during the period 48,000
Disposals (22,376 )
As at 31 August 2024 389,918
Net Book Value
As at 31 August 2024 399,182
As at 1 September 2023 363,074
5. Debtors
2024 2023
£ £
Due within one year
VAT - 3,495
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,593 14,593
Trade creditors 15,889 578
VAT 10,436 -
40,918 15,171
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 65,000 85,903
Bank loans 27,381 37,499
Directors loan account 265,650 300,000
358,031 423,402
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,593 14,593
Later than one year and not later than five years 65,000 85,903
79,593 100,496
79,593 100,496
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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