Acorah Software Products - Accounts Production 16.2.800 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 14035022 Mr Matthew Christopher Bond Mrs MRS LEANNE REBECCA BOND iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14035022 2023-07-31 14035022 2024-07-31 14035022 2023-08-01 2024-07-31 14035022 frs-core:CurrentFinancialInstruments 2024-07-31 14035022 frs-core:ComputerEquipment 2024-07-31 14035022 frs-core:ComputerEquipment 2023-08-01 2024-07-31 14035022 frs-core:ComputerEquipment 2023-07-31 14035022 frs-core:FurnitureFittings 2023-08-01 2024-07-31 14035022 frs-core:MotorVehicles 2024-07-31 14035022 frs-core:MotorVehicles 2023-08-01 2024-07-31 14035022 frs-core:MotorVehicles 2023-07-31 14035022 frs-core:PlantMachinery 2024-07-31 14035022 frs-core:PlantMachinery 2023-08-01 2024-07-31 14035022 frs-core:PlantMachinery 2023-07-31 14035022 frs-core:ShareCapital 2024-07-31 14035022 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 14035022 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14035022 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 14035022 frs-bus:SmallEntities 2023-08-01 2024-07-31 14035022 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14035022 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14035022 frs-bus:Director1 2023-08-01 2024-07-31 14035022 frs-bus:Director2 2023-08-01 2024-07-31 14035022 frs-countries:EnglandWales 2023-08-01 2024-07-31 14035022 2022-07-31 14035022 2023-07-31 14035022 2022-08-01 2023-07-31 14035022 frs-core:CurrentFinancialInstruments 2023-07-31 14035022 frs-core:ShareCapital 2023-07-31 14035022 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 14035022
Skipton Auto Services Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Positive Practice
12 Skipton Road
Embsay
Skipton
N. Yorkshire
BD23 6QJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14035022
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 72,153 40,232
72,153 40,232
CURRENT ASSETS
Debtors 5 15,940 8,227
Cash at bank and in hand 79,071 45,482
95,011 53,709
Creditors: Amounts Falling Due Within One Year 6 (56,915 ) (40,016 )
NET CURRENT ASSETS (LIABILITIES) 38,096 13,693
TOTAL ASSETS LESS CURRENT LIABILITIES 110,249 53,925
NET ASSETS 110,249 53,925
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 110,247 53,923
SHAREHOLDERS' FUNDS 110,249 53,925
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 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 Matthew Christopher Bond
Director
31/03/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Skipton Auto Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14035022 . The registered office is C/O Positive Practice Accountants, 1 Primet Hill, Colne, Lancashire, BB8 9NF.
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
Motor Vehicles 25%Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33.33 % Straight line
2.4. 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: 1 (2023: 1)
1 1
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 52,935 - 797 53,732
Additions 27,650 28,500 - 56,150
As at 31 July 2024 80,585 28,500 797 109,882
Depreciation
As at 1 August 2023 13,234 - 266 13,500
Provided during the period 16,838 7,125 266 24,229
As at 31 July 2024 30,072 7,125 532 37,729
Net Book Value
As at 31 July 2024 50,513 21,375 265 72,153
As at 1 August 2023 39,701 - 531 40,232
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,088 5,429
Other debtors 11,852 2,798
15,940 8,227
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,008 32,462
Other loans 4,000 -
Taxation and social security 10,907 7,554
56,915 40,016
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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