Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12875482 Mr Mark Moon Mr Benjamin Page iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12875482 2023-09-30 12875482 2024-09-30 12875482 2023-10-01 2024-09-30 12875482 frs-core:CurrentFinancialInstruments 2024-09-30 12875482 frs-core:Non-currentFinancialInstruments 2024-09-30 12875482 frs-core:ComputerEquipment 2024-09-30 12875482 frs-core:ComputerEquipment 2023-10-01 2024-09-30 12875482 frs-core:ComputerEquipment 2023-09-30 12875482 frs-core:MotorVehicles 2024-09-30 12875482 frs-core:MotorVehicles 2023-10-01 2024-09-30 12875482 frs-core:MotorVehicles 2023-09-30 12875482 frs-core:PlantMachinery 2024-09-30 12875482 frs-core:PlantMachinery 2023-10-01 2024-09-30 12875482 frs-core:PlantMachinery 2023-09-30 12875482 frs-core:ShareCapital 2024-09-30 12875482 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12875482 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12875482 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12875482 frs-bus:SmallEntities 2023-10-01 2024-09-30 12875482 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12875482 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12875482 frs-bus:Director1 2023-10-01 2024-09-30 12875482 frs-bus:Director2 2023-10-01 2024-09-30 12875482 frs-countries:EnglandWales 2023-10-01 2024-09-30 12875482 2022-09-30 12875482 2023-09-30 12875482 2022-10-01 2023-09-30 12875482 frs-core:CurrentFinancialInstruments 2023-09-30 12875482 frs-core:Non-currentFinancialInstruments 2023-09-30 12875482 frs-core:WithinOneYear 2023-09-30 12875482 frs-core:ShareCapital 2023-09-30 12875482 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12875482
Bumper Rescue Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Sempar Accountancy and Tax Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12875482
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 151,620 75,061
151,620 75,061
CURRENT ASSETS
Stocks 6 20,000 11,000
Debtors 7 176,914 57,901
Cash at bank and in hand 78,264 32,033
275,178 100,934
Creditors: Amounts Falling Due Within One Year 8 (221,334 ) (61,061 )
NET CURRENT ASSETS (LIABILITIES) 53,844 39,873
TOTAL ASSETS LESS CURRENT LIABILITIES 205,464 114,934
Creditors: Amounts Falling Due After More Than One Year 9 (112,747 ) (82,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (35,408 ) (10,746 )
NET ASSETS 57,309 21,521
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 57,209 21,421
SHAREHOLDERS' FUNDS 57,309 21,521
Page 1
Page 2
For the year ending 30 September 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 Moon
Director
Mr Benjamin Page
Director
9 April 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
Bumper Rescue Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12875482 . The registered office is C/O Sempar, Office 2.026, Innovation Centre 7, Keele University , Keele, Staffordshire, ST5 5NU.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 20% Straightline
Motor Vehicles 20% Straightline
Computer Equipment 25% 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.
2.5. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 6)
11 6
4. Prior Period Adjustment
The directors discovered that a motor vehicle addition for the year to 30th September 2023 had been understated by £11,949. The hire purchase liability in respect of the vehicle was understated by £14,339 and the VAT liability for the year was overstated by £2,390. There was no affect on profit or loss and taxation. Comparative figures have been restated to show the corrected position.
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 1,471 110,153 2,252 113,876
Additions 4,448 118,009 2,505 124,962
As at 30 September 2024 5,919 228,162 4,757 238,838
Depreciation
As at 1 October 2023 702 36,987 1,126 38,815
Provided during the period 1,184 46,030 1,189 48,403
As at 30 September 2024 1,886 83,017 2,315 87,218
Net Book Value
As at 30 September 2024 4,033 145,145 2,442 151,620
As at 1 October 2023 769 73,166 1,126 75,061
6. Stocks
2024 2023
as restated
£ £
Materials 20,000 11,000
7. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 176,914 51,990
Directors' loan accounts - 5,911
176,914 57,901
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 37,734 16,241
Trade creditors 214 8,106
Bank loans and overdrafts 9,787 9,761
Corporation tax 12,435 -
Other taxes and social security 33,223 9,928
VAT 73,694 13,660
Other creditors 4,849 2,141
Accruals and deferred income 49,143 1,224
Directors' loan accounts 255 -
221,334 61,061
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 98,603 54,863
Bank loans 14,144 27,804
112,747 82,667
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 136,337 71,105
11. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
as restated
£ £
Not later than one year - 793
- 793
13. Directors Advances, Credits and Guarantees
Page 5
Page 6
Aggregate dividends paid to the directors during the year were £54,500 (2023 : £22,000).
Included within Debtors are loans to the director totalling £NIL (2023 - £5,911). The loan was unsecured, repayable on demand and interest free.
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