Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04173765 Mr Bruce Hutsby Mr Dean Gregory iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04173765 2023-07-31 04173765 2024-07-31 04173765 2023-08-01 2024-07-31 04173765 frs-core:Non-currentFinancialInstruments 2024-07-31 04173765 frs-core:BetweenOneFiveYears 2024-07-31 04173765 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 04173765 frs-core:FurnitureFittings 2023-08-01 2024-07-31 04173765 frs-core:NetGoodwill 2023-08-01 2024-07-31 04173765 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 04173765 frs-core:MotorVehicles 2023-08-01 2024-07-31 04173765 frs-core:PlantMachinery 2023-08-01 2024-07-31 04173765 frs-core:WithinOneYear 2024-07-31 04173765 frs-core:SharePremium 2024-07-31 04173765 frs-core:ShareCapital 2024-07-31 04173765 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04173765 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04173765 frs-bus:AbridgedAccounts 2023-08-01 2024-07-31 04173765 frs-bus:SmallEntities 2023-08-01 2024-07-31 04173765 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04173765 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04173765 frs-bus:Director1 2023-08-01 2024-07-31 04173765 frs-bus:Director1 2023-07-31 04173765 frs-bus:Director1 2024-07-31 04173765 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 04173765 frs-countries:EnglandWales 2023-08-01 2024-07-31 04173765 2022-07-31 04173765 2023-07-31 04173765 2022-08-01 2023-07-31 04173765 frs-core:Non-currentFinancialInstruments 2023-07-31 04173765 frs-core:BetweenOneFiveYears 2023-07-31 04173765 frs-core:WithinOneYear 2023-07-31 04173765 frs-core:SharePremium 2023-07-31 04173765 frs-core:ShareCapital 2023-07-31 04173765 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04173765
Hampshire Vehicle Repairs Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—7
Page 1
Abridged Balance Sheet
Registered number: 04173765
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 330 397
Tangible Assets 5 188,563 160,998
188,893 161,395
CURRENT ASSETS
Stocks 139,225 192,652
Debtors 1,055,149 834,483
Cash at bank and in hand 401,949 330,014
1,596,323 1,357,149
Creditors: Amounts Falling Due Within One Year (451,402 ) (259,877 )
NET CURRENT ASSETS (LIABILITIES) 1,144,921 1,097,272
TOTAL ASSETS LESS CURRENT LIABILITIES 1,333,814 1,258,667
Creditors: Amounts Falling Due After More Than One Year (75,561 ) (102,748 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (45,732 ) (30,125 )
NET ASSETS 1,212,521 1,125,794
CAPITAL AND RESERVES
Called up share capital 7 50 50
Share premium account 65,450 65,450
Profit and Loss Account 1,147,021 1,060,294
SHAREHOLDERS' FUNDS 1,212,521 1,125,794
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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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Bruce Hutsby
Director
14/04/2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Hampshire Vehicle Repairs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04173765 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
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.
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 20 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are personalised registration numbers. These are amortised to the profit and loss account over their estimated economic life of ten years.
2.5. 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 10% straight line
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Equipment 25% on reducing balance
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2.6. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. 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.
2.8. Financial Instruments
Financial instruments are measured at fair value.
2.9. 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.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.11. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
The average number of persons employed under contracts of service during the year was:  21 (2023: 20)
21 20
4. Intangible Assets
Total
£
Cost
As at 1 August 2023 100,665
As at 31 July 2024 100,665
Amortisation
As at 1 August 2023 100,268
Provided during the period 67
As at 31 July 2024 100,335
Net Book Value
As at 31 July 2024 330
As at 1 August 2023 397
5. Tangible Assets
Total
£
Cost
As at 1 August 2023 529,289
Additions 95,769
Disposals (26,678 )
As at 31 July 2024 598,380
Depreciation
As at 1 August 2023 368,291
...CONTINUED
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Provided during the period 59,763
Disposals (18,237 )
As at 31 July 2024 409,817
Net Book Value
As at 31 July 2024 188,563
As at 1 August 2023 160,998
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,074 21,935
Later than one year and not later than five years 66,788 83,686
79,862 105,621
79,862 105,621
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as follows:
2024 2023
£ £
Not later than one year 18,222 38,874
Later than one year and not later than five years 15,185 33,407
33,407 72,281
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9. Directors Advances, Credits and Guarantees
Included within Creditors and Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Bruce Hutsby 6,806 89,064 (260,929 ) - (165,059 )
Beneficial loan interest has been charged on the director's overdrawn loan account at a rate of 2.25% p.a. and the total amounted to £54 (2023: £1,181). 
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