Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 11 November 2022 false 1 December 2023 30 November 2024 30 November 2024 14478805 J M Williams L Williams J M Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14478805 2023-11-30 14478805 2024-11-30 14478805 2023-12-01 2024-11-30 14478805 frs-core:CurrentFinancialInstruments 2024-11-30 14478805 frs-core:Non-currentFinancialInstruments 2024-11-30 14478805 frs-core:BetweenOneFiveYears 2024-11-30 14478805 frs-core:ComputerEquipment 2024-11-30 14478805 frs-core:ComputerEquipment 2023-12-01 2024-11-30 14478805 frs-core:ComputerEquipment 2023-11-30 14478805 frs-core:FurnitureFittings 2024-11-30 14478805 frs-core:FurnitureFittings 2023-12-01 2024-11-30 14478805 frs-core:FurnitureFittings 2023-11-30 14478805 frs-core:MotorVehicles 2024-11-30 14478805 frs-core:MotorVehicles 2023-12-01 2024-11-30 14478805 frs-core:MotorVehicles 2023-11-30 14478805 frs-core:PlantMachinery 2024-11-30 14478805 frs-core:PlantMachinery 2023-12-01 2024-11-30 14478805 frs-core:PlantMachinery 2023-11-30 14478805 frs-core:WithinOneYear 2024-11-30 14478805 frs-core:ShareCapital 2024-11-30 14478805 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 14478805 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14478805 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 14478805 frs-bus:SmallEntities 2023-12-01 2024-11-30 14478805 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 14478805 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 14478805 frs-bus:Director1 2023-12-01 2024-11-30 14478805 frs-bus:Director2 2023-12-01 2024-11-30 14478805 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 14478805 frs-countries:EnglandWales 2023-12-01 2024-11-30 14478805 2022-11-10 14478805 2023-11-30 14478805 2022-11-11 2023-11-30 14478805 frs-core:CurrentFinancialInstruments 2023-11-30 14478805 frs-core:Non-currentFinancialInstruments 2023-11-30 14478805 frs-core:BetweenOneFiveYears 2023-11-30 14478805 frs-core:FurnitureFittings 2022-11-11 2023-11-30 14478805 frs-core:MotorVehicles 2022-11-11 2023-11-30 14478805 frs-core:PlantMachinery 2022-11-11 2023-11-30 14478805 frs-core:WithinOneYear 2023-11-30 14478805 frs-core:ShareCapital 2023-11-30 14478805 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 14478805
Williams Accident Repair Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14478805
30 November 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 211,249 53,366
211,249 53,366
CURRENT ASSETS
Stocks 5 10,000 3,000
Debtors 6 76,698 7,200
Cash at bank and in hand 54,098 32,413
140,796 42,613
Creditors: Amounts Falling Due Within One Year 7 (328,221 ) (70,724 )
NET CURRENT ASSETS (LIABILITIES) (187,425 ) (28,111 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,824 25,255
Creditors: Amounts Falling Due After More Than One Year 8 (130,001 ) (81,847 )
NET LIABILITIES (106,177 ) (56,592 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (106,277 ) (56,692 )
SHAREHOLDERS' FUNDS (106,177) (56,592)
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For the year ending 30 November 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
J M Williams
Director
03/03/2025
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
Williams Accident Repair Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14478805 . The registered office is 3 Blackwell Drive, Braintree, CM7 2QJ.
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 25% Reducing Balance Basis
Motor Vehicles 25% Reducing Balance Basis
Fixtures & Fittings 25% Reducing Balance Basis
Computer Equipment 25% Reducing Balance Basis
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.
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: 12 (2023: 6)
12 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 36,243 31,000 1,569 2,342 71,154
Additions 167,113 50,972 4,708 4,805 227,598
As at 30 November 2024 203,356 81,972 6,277 7,147 298,752
Depreciation
As at 1 December 2023 9,061 7,750 392 585 17,788
Provided during the period 48,048 18,556 1,471 1,640 69,715
As at 30 November 2024 57,109 26,306 1,863 2,225 87,503
Net Book Value
As at 30 November 2024 146,247 55,666 4,414 4,922 211,249
As at 1 December 2023 27,182 23,250 1,177 1,757 53,366
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
30 November 2024 30 November 2023
£ £
Plant & Machinery 18,455 -
Fixtures & Fittings 2,984 -
Motor Vehicles 35,035 -
56,474 -
5. Stocks
30 November 2024 30 November 2023
£ £
Stock 6,000 3,000
Work in progress 4,000 -
10,000 3,000
6. Debtors
30 November 2024 30 November 2023
£ £
Due within one year
Other debtors 76,698 7,200
7. Creditors: Amounts Falling Due Within One Year
30 November 2024 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,098 3,262
Bank loans and overdrafts 52,644 5,309
Other creditors 211,881 29,668
Taxation and social security 43,598 32,485
328,221 70,724
8. Creditors: Amounts Falling Due After More Than One Year
30 November 2024 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts 42,915 16,776
Bank loans 87,086 65,071
130,001 81,847
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9. Obligations Under Finance Leases and Hire Purchase
30 November 2024 30 November 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 20,098 3,262
Later than one year and not later than five years 42,915 16,776
63,013 20,038
63,013 20,038
10. Related Party Transactions
During the period, the company entered into transactions with key management personnel. At the balance sheet date, the company owed £176,280 (2023 - £28,026) to members of key management. This balance is repayable on demand and presented within creditors due within one year. There is no interest accruing on this balance.
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