Acorah Software Products - Accounts Production 16.0.110 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 11444840 Mr Robert Bowyer Mr Robert Bowyer true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11444840 2023-07-31 11444840 2024-07-31 11444840 2023-08-01 2024-07-31 11444840 frs-core:CurrentFinancialInstruments 2024-07-31 11444840 frs-core:Non-currentFinancialInstruments 2024-07-31 11444840 frs-core:ComputerEquipment 2024-07-31 11444840 frs-core:ComputerEquipment 2023-08-01 2024-07-31 11444840 frs-core:ComputerEquipment 2023-07-31 11444840 frs-core:NetGoodwill 2024-07-31 11444840 frs-core:NetGoodwill 2023-08-01 2024-07-31 11444840 frs-core:NetGoodwill 2023-07-31 11444840 frs-core:MotorVehicles 2024-07-31 11444840 frs-core:MotorVehicles 2023-08-01 2024-07-31 11444840 frs-core:MotorVehicles 2023-07-31 11444840 frs-core:PlantMachinery 2024-07-31 11444840 frs-core:PlantMachinery 2023-08-01 2024-07-31 11444840 frs-core:PlantMachinery 2023-07-31 11444840 frs-core:ShareCapital 2024-07-31 11444840 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 11444840 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11444840 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 11444840 frs-bus:SmallEntities 2023-08-01 2024-07-31 11444840 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11444840 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11444840 1 2023-08-01 2024-07-31 11444840 frs-core:DeferredTaxation 2023-07-31 11444840 frs-core:DeferredTaxation 2024-07-31 11444840 frs-bus:Director1 2023-08-01 2024-07-31 11444840 2 2023-08-01 2024-07-31 11444840 frs-countries:EnglandWales 2023-08-01 2024-07-31 11444840 2022-07-31 11444840 2023-07-31 11444840 2022-08-01 2023-07-31 11444840 frs-core:CurrentFinancialInstruments 2023-07-31 11444840 frs-core:Non-currentFinancialInstruments 2023-07-31 11444840 frs-core:ShareCapital 2023-07-31 11444840 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 11444840
Bob's Motorcycle And Tyres Ltd
Financial Statements
For The Year Ended 31 July 2024
Simply Accounts
1 Queen's Park Road
Handbridge
Chester
Cheshire
CH4 7AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11444840
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 54,175 72,089
54,175 72,089
CURRENT ASSETS
Stocks 6 20,500 26,500
Debtors 7 38,344 32,989
58,844 59,489
Creditors: Amounts Falling Due Within One Year 8 (18,017 ) (16,889 )
NET CURRENT ASSETS (LIABILITIES) 40,827 42,600
TOTAL ASSETS LESS CURRENT LIABILITIES 95,002 114,689
Creditors: Amounts Falling Due After More Than One Year 9 (217,343 ) (215,479 )
NET LIABILITIES (122,341 ) (100,790 )
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account (122,441 ) (100,890 )
SHAREHOLDERS' FUNDS (122,341) (100,790)
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For the year ending 31 July 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 Robert Bowyer
Director
05/03/2025
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
Bob's Motorcycle And Tyres Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11444840 . The registered office is 1, Queen's Park Road, Handbridge, Chester, Cheshire, CH4 7AD.
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. Going Concern Disclosure
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.
2.3. 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.
2.4. 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 5 years.
2.5. 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 20% on cost
Motor Vehicles 20% on cost
Computer Equipment 20% on cost
2.6. 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.
2.7. 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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2.8. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 11,000
As at 31 July 2024 11,000
Amortisation
As at 1 August 2023 11,000
As at 31 July 2024 11,000
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 43,120 59,297 291 102,708
As at 31 July 2024 43,120 59,297 291 102,708
Depreciation
As at 1 August 2023 15,245 15,093 281 30,619
Provided during the period 7,074 10,830 10 17,914
As at 31 July 2024 22,319 25,923 291 48,533
...CONTINUED
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Net Book Value
As at 31 July 2024 20,801 33,374 - 54,175
As at 1 August 2023 27,875 44,204 10 72,089
6. Stocks
2024 2023
£ £
Finished goods 20,500 26,500
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 220 -
Prepayments and accrued income 4,139 2,464
Other debtors 8,377 8,377
Deferred tax current asset 25,608 20,508
VAT - 1,640
38,344 32,989
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,799 2,799
Bank loans and overdrafts 12,041 14,090
Other taxes and social security 14 -
VAT 3,163 -
18,017 16,889
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,396 11,195
Bounce Back Loan >1 Year 6,428 8,994
Liberis Limited Loan 106,218 91,218
Directors loan account 96,301 104,072
217,343 215,479
10. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances and tax losses carried forward.
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11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2023 (20,508 ) (20,508)
Origination and reversal of timing differences (5,101 ) (5,101 )
Balance at 31 July 2024 (25,609 ) (25,609)
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
13. Related Party Transactions
As of the balance sheet date, an outstanding amount of £96,301 (£104,072 in 2023) was owed to Mr. Robert Bowyer, the sole director of the company.
14. Ultimate Controlling Party
The company's ultimate controlling party is Mr Robert Bowyer by virtue of his ownership of 100% of the issued share capital in the company.
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