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 5914228 Mr Michael Hampshire Mrs Suzanne Hampshire Mr Benjamin Elliott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5914228 2023-09-30 5914228 2024-09-30 5914228 2023-10-01 2024-09-30 5914228 frs-core:CurrentFinancialInstruments 2024-09-30 5914228 frs-core:ComputerEquipment 2024-09-30 5914228 frs-core:ComputerEquipment 2023-10-01 2024-09-30 5914228 frs-core:ComputerEquipment 2023-09-30 5914228 frs-core:FurnitureFittings 2024-09-30 5914228 frs-core:FurnitureFittings 2023-10-01 2024-09-30 5914228 frs-core:FurnitureFittings 2023-09-30 5914228 frs-core:NetGoodwill 2024-09-30 5914228 frs-core:NetGoodwill 2023-10-01 2024-09-30 5914228 frs-core:NetGoodwill 2023-09-30 5914228 frs-core:MotorVehicles 2024-09-30 5914228 frs-core:MotorVehicles 2023-10-01 2024-09-30 5914228 frs-core:MotorVehicles 2023-09-30 5914228 frs-core:PlantMachinery 2024-09-30 5914228 frs-core:PlantMachinery 2023-10-01 2024-09-30 5914228 frs-core:PlantMachinery 2023-09-30 5914228 frs-core:OtherReservesSubtotal 2024-09-30 5914228 frs-core:ShareCapital 2024-09-30 5914228 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 5914228 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 5914228 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 5914228 frs-bus:SmallEntities 2023-10-01 2024-09-30 5914228 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 5914228 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 5914228 frs-bus:Director1 2023-10-01 2024-09-30 5914228 frs-bus:Director2 2023-10-01 2024-09-30 5914228 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 5914228 frs-countries:EnglandWales 2023-10-01 2024-09-30 5914228 2022-09-30 5914228 2023-09-30 5914228 2022-10-01 2023-09-30 5914228 frs-core:CurrentFinancialInstruments 2023-09-30 5914228 frs-core:OtherReservesSubtotal 2023-09-30 5914228 frs-core:ShareCapital 2023-09-30 5914228 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 5914228
Paul K Smith Automobile Engineers Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Ben Elliott Accounting Ltd
51 Field Drive
Shirebrook
Mansfield
Notts
NG20 8BT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 5914228
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 31,552 33,800
31,552 33,800
CURRENT ASSETS
Debtors 6 4,125 4,131
Cash at bank and in hand 146,325 147,468
150,450 151,599
Creditors: Amounts Falling Due Within One Year 7 (52,269 ) (48,536 )
NET CURRENT ASSETS (LIABILITIES) 98,181 103,063
TOTAL ASSETS LESS CURRENT LIABILITIES 129,733 136,863
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (272 ) (650 )
NET ASSETS 129,461 136,213
CAPITAL AND RESERVES
Called up share capital 9 2 2
Other reserves 36,275 36,275
Profit and Loss Account 93,184 99,936
SHAREHOLDERS' FUNDS 129,461 136,213
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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 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
Mrs Suzanne Hampshire
Director
12th 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
Paul K Smith Automobile Engineers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 5914228 . The registered office is 17 Fonton Hall Drive, Sutton in Ashfield, Nottinghamshire, NG17 1LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 10 years on a straight line basis.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Manufacturing 3 3
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 33,999
As at 30 September 2024 33,999
Amortisation
As at 1 October 2023 33,999
As at 30 September 2024 33,999
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 38,239 41,668 2,535 7,452 89,894
Additions 767 - - - 767
As at 30 September 2024 39,006 41,668 2,535 7,452 90,661
Depreciation
As at 1 October 2023 30,863 18,051 2,212 4,968 56,094
Provided during the period 1,619 1,129 81 186 3,015
As at 30 September 2024 32,482 19,180 2,293 5,154 59,109
Net Book Value
As at 30 September 2024 6,524 22,488 242 2,298 31,552
As at 1 October 2023 7,376 23,617 323 2,484 33,800
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,125 3,131
Net wages 1,000 1,000
4,125 4,131
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,726 10,222
Corporation tax 7,623 10,354
VAT 13,184 6,460
Pension liabilities 10,236 10,000
Directors' loan accounts 11,500 11,500
52,269 48,536
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 272 650
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 16,000 15,000
Final dividend paid 20,000 20,000
36,000 35,000
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