Acorah Software Products - Accounts Production 16.2.800 false true 31 December 2022 1 January 2022 false 1 January 2023 30 June 2024 30 June 2024 4993892 Mr Kevin Clark Mr Roger Sutton Mr Roger Sutton the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4993892 2022-12-31 4993892 2024-06-30 4993892 2023-01-01 2024-06-30 4993892 frs-core:CurrentFinancialInstruments 2024-06-30 4993892 frs-core:MotorVehicles 2024-06-30 4993892 frs-core:MotorVehicles 2023-01-01 2024-06-30 4993892 frs-core:MotorVehicles 2022-12-31 4993892 frs-core:PlantMachinery 2024-06-30 4993892 frs-core:PlantMachinery 2023-01-01 2024-06-30 4993892 frs-core:PlantMachinery 2022-12-31 4993892 frs-core:ShareCapital 2024-06-30 4993892 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 4993892 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2024-06-30 4993892 frs-bus:FilletedAccounts 2023-01-01 2024-06-30 4993892 frs-bus:SmallEntities 2023-01-01 2024-06-30 4993892 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-06-30 4993892 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-06-30 4993892 1 2023-01-01 2024-06-30 4993892 frs-bus:Director1 2023-01-01 2024-06-30 4993892 frs-bus:Director1 2022-12-31 4993892 frs-bus:Director1 2024-06-30 4993892 frs-bus:Director2 2023-01-01 2024-06-30 4993892 frs-bus:Director2 2022-12-31 4993892 frs-bus:Director2 2024-06-30 4993892 frs-bus:CompanySecretary1 2023-01-01 2024-06-30 4993892 frs-countries:EnglandWales 2023-01-01 2024-06-30 4993892 2021-12-31 4993892 2022-12-31 4993892 2022-01-01 2022-12-31 4993892 frs-core:CurrentFinancialInstruments 2022-12-31 4993892 frs-core:ShareCapital 2022-12-31 4993892 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 4993892
Vehicle Body Specialists Limited
Unaudited Financial Statements
For the Period 1 January 2023 to 30 June 2024
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 4993892
30 June 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 27,362 49,722
27,362 49,722
CURRENT ASSETS
Stocks 4 - 5,000
Debtors 5 94,398 76,783
Cash at bank and in hand 173,694 145,729
268,092 227,512
Creditors: Amounts Falling Due Within One Year 6 (25,123 ) (20,334 )
NET CURRENT ASSETS (LIABILITIES) 242,969 207,178
TOTAL ASSETS LESS CURRENT LIABILITIES 270,331 256,900
NET ASSETS 270,331 256,900
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 270,231 256,800
SHAREHOLDERS' FUNDS 270,331 256,900
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Page 2
For the period ending 30 June 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
Mr Kevin Clark
Director
Mr Roger Sutton
Director
7th March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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 April 2008).
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.
1.3. 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
1.4. 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.
1.5. 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.
1.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the period was:
30 June 2024 31 December 2022
Office and administration 2 2
2 2
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3. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 58,972 11,695 70,667
Additions 610 - 610
Disposals (1,500 ) (11,695 ) (13,195 )
As at 30 June 2024 58,082 - 58,082
Depreciation
As at 1 January 2023 14,303 6,642 20,945
Provided during the period 16,417 - 16,417
Disposals - (6,642 ) (6,642 )
As at 30 June 2024 30,720 - 30,720
Net Book Value
As at 30 June 2024 27,362 - 27,362
As at 1 January 2023 44,669 5,053 49,722
4. Stocks
30 June 2024 31 December 2022
£ £
Materials - 5,000
5. Debtors
30 June 2024 31 December 2022
£ £
Due within one year
Trade debtors 9,276 45,243
Prepayments and accrued income 3,088 313
Directors' loan accounts 82,034 31,227
94,398 76,783
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6. Creditors: Amounts Falling Due Within One Year
30 June 2024 31 December 2022
£ £
Trade creditors 2,269 8,674
Corporation tax 22,851 9,279
Other creditors 3 2,381
25,123 20,334
7. Share Capital
30 June 2024 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Kevin Clark 15,614 71,395 45,992 - 41,017
Mr Roger Sutton 15,612 71,395 45,992 - 41,017
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
30 June 2024 31 December 2022
£ £
Mr Kevin Clark 28,000 28,000
Mr Roger Sutton 28,000 28,000
9. Dividends
30 June 2024 31 December 2022
£ £
On equity shares:
Final dividend paid 56,000 56,000
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10. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their ownership of 100% of the issued share capital in the company.
Page 6