Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10750370 Mr Seyed Abdollah Aghaei iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10750370 2023-05-31 10750370 2024-05-31 10750370 2023-06-01 2024-05-31 10750370 frs-core:CurrentFinancialInstruments 2024-05-31 10750370 frs-core:Non-currentFinancialInstruments 2024-05-31 10750370 frs-core:MotorVehicles 2024-05-31 10750370 frs-core:MotorVehicles 2023-06-01 2024-05-31 10750370 frs-core:MotorVehicles 2023-05-31 10750370 frs-core:PlantMachinery 2024-05-31 10750370 frs-core:PlantMachinery 2023-06-01 2024-05-31 10750370 frs-core:PlantMachinery 2023-05-31 10750370 frs-core:ShareCapital 2024-05-31 10750370 frs-core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 10750370 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10750370 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10750370 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10750370 frs-bus:SmallEntities 2023-06-01 2024-05-31 10750370 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10750370 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10750370 frs-bus:Director1 2023-06-01 2024-05-31 10750370 frs-countries:EnglandWales 2023-06-01 2024-05-31 10750370 2022-05-31 10750370 2023-05-31 10750370 2022-06-01 2023-05-31 10750370 frs-core:CurrentFinancialInstruments 2023-05-31 10750370 frs-core:Non-currentFinancialInstruments 2023-05-31 10750370 frs-core:ShareCapital 2022-05-31 10750370 frs-core:ShareCapital 2023-05-31 10750370 frs-core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 10750370 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-05-31 10750370 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10750370
Pars Autos Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—6
Page 1
Accountants' Report
Report of the Accountant to the director of Pars Autos Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 May 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
ZA Ltd
25/02/2025
Page 1
Page 2
Balance Sheet
Registered number: 10750370
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 70,954 29,736
70,954 29,736
CURRENT ASSETS
Cash at bank and in hand 33,962 33,518
33,962 33,518
Creditors: Amounts Falling Due Within One Year 5 (49,550 ) (42,873 )
NET CURRENT ASSETS (LIABILITIES) (15,588 ) (9,355 )
TOTAL ASSETS LESS CURRENT LIABILITIES 55,366 20,381
Creditors: Amounts Falling Due After More Than One Year 6 (9,199 ) (14,915 )
NET ASSETS 46,167 5,466
CAPITAL AND RESERVES
Called up share capital 7 500 500
Profit and Loss Account 45,667 4,966
SHAREHOLDERS' FUNDS 46,167 5,466
Page 2
Page 3
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
Mr Seyed Abdollah Aghaei
Director
25/02/2025
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 June 2022 500 (23,629 ) (23,129)
Profit for the year and total comprehensive income - 28,595 28,595
As at 31 May 2023 and 1 June 2023 500 4,966 5,466
Profit for the year and total comprehensive income - 40,701 40,701
As at 31 May 2024 500 45,667 46,167
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Pars Autos Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10750370 . The registered office is 74 Crayford Road, Crayford, Dartford, DA1 4AT.
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 15% on reducing balance method
Motor Vehicles 15% on reducing balance method
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2023 31,972 20,098 52,070
Additions 49,135 4,604 53,739
As at 31 May 2024 81,107 24,702 105,809
Depreciation
As at 1 June 2023 12,728 9,606 22,334
Provided during the period 10,257 2,264 12,521
As at 31 May 2024 22,985 11,870 34,855
...CONTINUED
Page 5
Page 6
Net Book Value
As at 31 May 2024 58,122 12,832 70,954
As at 1 June 2023 19,244 10,492 29,736
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,807 7,013
Other taxes and social security 13,331 12,005
VAT 4,646 1,820
Accruals and deferred income 3,766 1,301
Director's loan account 20,000 20,734
49,550 42,873
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,199 12,551
Car Finance (Long term liabilities - creditors > 1 year) - 2,364
9,199 14,915
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500 500
Page 6