Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13238716 Mr Andrew Sanders iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13238716 2023-03-31 13238716 2024-03-31 13238716 2023-04-01 2024-03-31 13238716 frs-core:CurrentFinancialInstruments 2024-03-31 13238716 frs-core:Non-currentFinancialInstruments 2024-03-31 13238716 frs-core:ComputerEquipment 2024-03-31 13238716 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13238716 frs-core:ComputerEquipment 2023-03-31 13238716 frs-core:FurnitureFittings 2024-03-31 13238716 frs-core:FurnitureFittings 2023-04-01 2024-03-31 13238716 frs-core:FurnitureFittings 2023-03-31 13238716 frs-core:MotorVehicles 2024-03-31 13238716 frs-core:MotorVehicles 2023-04-01 2024-03-31 13238716 frs-core:MotorVehicles 2023-03-31 13238716 frs-core:ShareCapital 2024-03-31 13238716 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13238716 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13238716 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13238716 frs-bus:SmallEntities 2023-04-01 2024-03-31 13238716 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13238716 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13238716 frs-bus:Director1 2023-04-01 2024-03-31 13238716 frs-countries:EnglandWales 2023-04-01 2024-03-31 13238716 2022-03-31 13238716 2023-03-31 13238716 2022-04-01 2023-03-31 13238716 frs-core:CurrentFinancialInstruments 2023-03-31 13238716 frs-core:Non-currentFinancialInstruments 2023-03-31 13238716 frs-core:ShareCapital 2023-03-31 13238716 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13238716
Direct Vehicle Sales (Wales) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Linghams Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13238716
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,147 17,884
9,147 17,884
CURRENT ASSETS
Stocks 5 417,224 574,352
Debtors 6 264,408 370,364
Cash at bank and in hand 138,443 32,933
820,075 977,649
Creditors: Amounts Falling Due Within One Year 7 (708,306 ) (892,031 )
NET CURRENT ASSETS (LIABILITIES) 111,769 85,618
TOTAL ASSETS LESS CURRENT LIABILITIES 120,916 103,502
Creditors: Amounts Falling Due After More Than One Year 8 (21,667 ) (31,669 )
NET ASSETS 99,249 71,833
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 99,247 71,831
SHAREHOLDERS' FUNDS 99,249 71,833
Page 1
Page 2
For the year ending 31 March 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 Andrew Sanders
Director
31/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Direct Vehicle Sales (Wales) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13238716 . The registered office is 1 De Berclos, Porthcawl, CF36 3JN.
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, excluding discounts, rebates,
value added tax and other sales taxes. 
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items. 
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.6. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 18,098 1,727 3,257 23,082
Additions 4,600 2,300 1,174 8,074
Disposals (18,098 ) - - (18,098 )
As at 31 March 2024 4,600 4,027 4,431 13,058
Depreciation
As at 1 April 2023 3,691 432 1,075 5,198
Provided during the period 2,806 803 834 4,443
Disposals (5,730 ) - - (5,730 )
As at 31 March 2024 767 1,235 1,909 3,911
Net Book Value
As at 31 March 2024 3,833 2,792 2,522 9,147
As at 1 April 2023 14,407 1,295 2,182 17,884
5. Stocks
2024 2023
£ £
Stock 417,224 574,352
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 264,408 370,364
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 171,360 459,719
Other creditors 504,850 398,921
Taxation and social security 32,096 33,391
708,306 892,031
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,667 31,669
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4