Acorah Software Products - Accounts Production 16.2.850 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11694009 Mr Matthew Finch Mrs Amy Finch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11694009 2023-11-30 11694009 2024-11-30 11694009 2023-12-01 2024-11-30 11694009 frs-core:CurrentFinancialInstruments 2024-11-30 11694009 frs-core:Non-currentFinancialInstruments 2024-11-30 11694009 frs-core:ComputerEquipment 2024-11-30 11694009 frs-core:ComputerEquipment 2023-12-01 2024-11-30 11694009 frs-core:ComputerEquipment 2023-11-30 11694009 frs-core:NetGoodwill 2024-11-30 11694009 frs-core:NetGoodwill 2023-12-01 2024-11-30 11694009 frs-core:NetGoodwill 2023-11-30 11694009 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 11694009 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 11694009 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 11694009 frs-core:MotorVehicles 2024-11-30 11694009 frs-core:MotorVehicles 2023-12-01 2024-11-30 11694009 frs-core:MotorVehicles 2023-11-30 11694009 frs-core:PlantMachinery 2024-11-30 11694009 frs-core:PlantMachinery 2023-12-01 2024-11-30 11694009 frs-core:PlantMachinery 2023-11-30 11694009 frs-core:SharePremium 2024-11-30 11694009 frs-core:ShareCapital 2024-11-30 11694009 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11694009 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11694009 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11694009 frs-bus:SmallEntities 2023-12-01 2024-11-30 11694009 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11694009 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11694009 frs-bus:Director1 2023-12-01 2024-11-30 11694009 frs-bus:Director2 2023-12-01 2024-11-30 11694009 frs-countries:EnglandWales 2023-12-01 2024-11-30 11694009 2022-11-30 11694009 2023-11-30 11694009 2022-12-01 2023-11-30 11694009 frs-core:CurrentFinancialInstruments 2023-11-30 11694009 frs-core:Non-currentFinancialInstruments 2023-11-30 11694009 frs-core:SharePremium 2023-11-30 11694009 frs-core:ShareCapital 2023-11-30 11694009 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 11694009
Threemilestone Garage Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Whyfield Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11694009
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 40,946 46,064
Tangible Assets 5 134,004 117,089
174,950 163,153
CURRENT ASSETS
Stocks 6 8,000 8,000
Debtors 7 29,719 12,431
Cash at bank and in hand 5,238 1,055
42,957 21,486
Creditors: Amounts Falling Due Within One Year 8 (129,869 ) (130,491 )
NET CURRENT ASSETS (LIABILITIES) (86,912 ) (109,005 )
TOTAL ASSETS LESS CURRENT LIABILITIES 88,038 54,148
Creditors: Amounts Falling Due After More Than One Year 9 (32,451 ) (14,981 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (40,683 ) -
NET ASSETS 14,904 39,167
CAPITAL AND RESERVES
Called up share capital 10 2 2
Share premium account 51,180 51,180
Profit and Loss Account (36,278 ) (12,015 )
SHAREHOLDERS' FUNDS 14,904 39,167
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Page 2
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
Mr Matthew Finch
Director
18/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Threemilestone Garage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11694009 . The registered office is 3c Threemilestone Industrial Estate, Threemilestone, Truro, TR4 9LD.
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. 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 .... years.
2.4. 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:
Leasehold 20% Reducing Balance
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipment 20% Straight Line
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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current 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: 11 (2023: 10)
11 10
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4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 51,182
As at 30 November 2024 51,182
Amortisation
As at 1 December 2023 5,118
Provided during the period 5,118
As at 30 November 2024 10,236
Net Book Value
As at 30 November 2024 40,946
As at 1 December 2023 46,064
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 40,051 71,305 66,475 1,227 179,058
Additions 5,090 519 32,029 2,653 40,291
Disposals - - (750 ) - (750 )
As at 30 November 2024 45,141 71,824 97,754 3,880 218,599
Depreciation
As at 1 December 2023 10,630 34,055 16,802 482 61,969
Provided during the period 5,884 7,450 9,187 429 22,950
Disposals - - (324 ) - (324 )
As at 30 November 2024 16,514 41,505 25,665 911 84,595
Net Book Value
As at 30 November 2024 28,627 30,319 72,089 2,969 134,004
As at 1 December 2023 29,421 37,250 49,673 745 117,089
6. Stocks
2024 2023
£ £
Stock 8,000 8,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 29,719 12,431
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 34,761 43,738
Bank loans and overdrafts 41,966 26,633
Other creditors 3,267 29,765
Taxation and social security 49,875 30,355
129,869 130,491
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 32,451 14,981
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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