Acorah Software Products - Accounts Production 16.2.850 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 12402007 Mr Mark Hobson Mr Richard Hobson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12402007 2023-04-30 12402007 2024-04-30 12402007 2023-05-01 2024-04-30 12402007 frs-core:CurrentFinancialInstruments 2024-04-30 12402007 frs-core:Non-currentFinancialInstruments 2024-04-30 12402007 frs-core:ComputerEquipment 2024-04-30 12402007 frs-core:ComputerEquipment 2023-05-01 2024-04-30 12402007 frs-core:ComputerEquipment 2023-04-30 12402007 frs-core:FurnitureFittings 2024-04-30 12402007 frs-core:FurnitureFittings 2023-05-01 2024-04-30 12402007 frs-core:FurnitureFittings 2023-04-30 12402007 frs-core:MotorVehicles 2024-04-30 12402007 frs-core:MotorVehicles 2023-05-01 2024-04-30 12402007 frs-core:MotorVehicles 2023-04-30 12402007 frs-core:PlantMachinery 2024-04-30 12402007 frs-core:PlantMachinery 2023-05-01 2024-04-30 12402007 frs-core:PlantMachinery 2023-04-30 12402007 frs-core:ShareCapital 2024-04-30 12402007 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 12402007 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12402007 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 12402007 frs-bus:SmallEntities 2023-05-01 2024-04-30 12402007 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12402007 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12402007 frs-bus:Director1 2023-05-01 2024-04-30 12402007 frs-bus:Director2 2023-05-01 2024-04-30 12402007 frs-countries:EnglandWales 2023-05-01 2024-04-30 12402007 2022-04-30 12402007 2023-04-30 12402007 2022-05-01 2023-04-30 12402007 frs-core:CurrentFinancialInstruments 2023-04-30 12402007 frs-core:Non-currentFinancialInstruments 2023-04-30 12402007 frs-core:ShareCapital 2023-04-30 12402007 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 12402007
PCL Automotive Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
A2G Accountants Ltd
The Courtyard
Oakwood Park Business Centre
Fountains Road Bishop Thornton
Harrogate, North Yorkshire
HG3 3BF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12402007
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,804 12,612
24,804 12,612
CURRENT ASSETS
Stocks 5 116,806 247,249
Debtors 6 225,530 144,577
Cash at bank and in hand 477,475 394,334
819,811 786,160
Creditors: Amounts Falling Due Within One Year 7 (656,015 ) (606,436 )
NET CURRENT ASSETS (LIABILITIES) 163,796 179,724
TOTAL ASSETS LESS CURRENT LIABILITIES 188,600 192,336
Creditors: Amounts Falling Due After More Than One Year 8 (6,518 ) (13,484 )
NET ASSETS 182,082 178,852
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 181,982 178,752
SHAREHOLDERS' FUNDS 182,082 178,852
Page 1
Page 2
For the year ending 30 April 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 Mark Hobson
Director
Mr Richard Hobson
Director
22/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PCL Automotive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12402007 . The registered office is Unit 14, Common Road, Low Moor, Bradford, West Yorkshire, PD12 0SD.
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 Reducing Balance 25%
Motor Vehicles Reducing Balance 25%
Fixtures & Fittings Reducing Balance 25%
Computer Equipment Reducing Balance 25%
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
...CONTINUED
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2.6. Taxation - continued
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
2Average number of employees, including directors, during the year was: NIL (2023: 2)
- 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 8,799 6,203 13,607 291 28,900
Additions 2,483 14,579 2,311 604 19,977
As at 30 April 2024 11,282 20,782 15,918 895 48,877
Depreciation
As at 1 May 2023 4,966 3,515 7,734 73 16,288
Provided during the period 1,579 4,317 1,835 54 7,785
As at 30 April 2024 6,545 7,832 9,569 127 24,073
Net Book Value
As at 30 April 2024 4,737 12,950 6,349 768 24,804
As at 1 May 2023 3,833 2,688 5,873 218 12,612
5. Stocks
2024 2023
£ £
Materials 116,806 247,249
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 219,450 138,497
Other debtors 6,080 6,080
225,530 144,577
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 207,642 218,245
Bank loans and overdrafts 1,069 1,069
Corporation tax 73,091 53,282
Other taxes and social security 313 663
VAT 310,008 208,089
Other creditors 4,530 4,530
Accruals and deferred income 2,000 2,000
Directors' loan accounts 57,362 118,558
656,015 606,436
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,518 13,484
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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