Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10858144 Mr Rubanponnuthurai George arun iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10858144 2023-07-31 10858144 2024-07-31 10858144 2023-08-01 2024-07-31 10858144 frs-core:CurrentFinancialInstruments 2024-07-31 10858144 frs-core:Non-currentFinancialInstruments 2024-07-31 10858144 frs-core:MotorVehicles 2024-07-31 10858144 frs-core:MotorVehicles 2023-08-01 2024-07-31 10858144 frs-core:MotorVehicles 2023-07-31 10858144 frs-core:ShareCapital 2024-07-31 10858144 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10858144 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10858144 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10858144 frs-bus:SmallEntities 2023-08-01 2024-07-31 10858144 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10858144 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10858144 frs-bus:Director1 2023-08-01 2024-07-31 10858144 frs-countries:EnglandWales 2023-08-01 2024-07-31 10858144 2022-07-31 10858144 2023-07-31 10858144 2022-08-01 2023-07-31 10858144 frs-core:CurrentFinancialInstruments 2023-07-31 10858144 frs-core:Non-currentFinancialInstruments 2023-07-31 10858144 frs-core:ShareCapital 2023-07-31 10858144 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10858144
AM Shop and Fuel Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Empire Tax And Corporate Solutions
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10858144
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,262 12,828
10,262 12,828
CURRENT ASSETS
Stocks 5 36,530 36,530
Debtors 6 4,861 4,732
Cash at bank and in hand 64,201 10,288
105,592 51,550
Creditors: Amounts Falling Due Within One Year 7 (81,070 ) (16,430 )
NET CURRENT ASSETS (LIABILITIES) 24,522 35,120
TOTAL ASSETS LESS CURRENT LIABILITIES 34,784 47,948
Creditors: Amounts Falling Due After More Than One Year 8 (15,415 ) (9,304 )
NET ASSETS 19,369 38,644
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 19,269 38,544
SHAREHOLDERS' FUNDS 19,369 38,644
Page 1
Page 2
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 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 Rubanponnuthurai George arun
Director
22/04/2025
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
AM Shop and Fuel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10858144 . The registered office is 54 Taxassist Accountant, High Street, Saffron Walden, Essex, CB10 1EE.
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:
Motor Vehicles 20% on reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 17)
17 17
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 August 2023 16,035
As at 31 July 2024 16,035
Depreciation
As at 1 August 2023 3,207
Provided during the period 2,566
As at 31 July 2024 5,773
Net Book Value
As at 31 July 2024 10,262
As at 1 August 2023 12,828
Page 3
Page 4
5. Stocks
2024 2023
£ £
Finished goods 36,530 36,530
6. Debtors
2024 2023
£ £
Due within one year
VAT 4,630 4,732
Other taxes and social security 231 -
4,861 4,732
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 59,730 -
Corporation tax 2,483 -
Other taxes and social security - 742
Other creditors 420 716
Director's loan account 18,437 14,972
81,070 16,430
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,549 9,304
Net wages 10,866 -
15,415 9,304
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4