Acorah Software Products - Accounts Production 16.3.350 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 03682749 H J Waterhouse iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03682749 2023-11-30 03682749 2024-11-30 03682749 2023-12-01 2024-11-30 03682749 frs-core:CurrentFinancialInstruments 2024-11-30 03682749 frs-core:Non-currentFinancialInstruments 2024-11-30 03682749 frs-core:BetweenOneFiveYears 2024-11-30 03682749 frs-core:FurnitureFittings 2024-11-30 03682749 frs-core:FurnitureFittings 2023-12-01 2024-11-30 03682749 frs-core:FurnitureFittings 2023-11-30 03682749 frs-core:MotorVehicles 2024-11-30 03682749 frs-core:MotorVehicles 2023-12-01 2024-11-30 03682749 frs-core:MotorVehicles 2023-11-30 03682749 frs-core:PlantMachinery 2024-11-30 03682749 frs-core:PlantMachinery 2023-12-01 2024-11-30 03682749 frs-core:PlantMachinery 2023-11-30 03682749 frs-core:WithinOneYear 2024-11-30 03682749 frs-core:ShareCapital 2024-11-30 03682749 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 03682749 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 03682749 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 03682749 frs-bus:SmallEntities 2023-12-01 2024-11-30 03682749 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 03682749 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 03682749 frs-bus:Director1 2023-12-01 2024-11-30 03682749 frs-bus:Director1 2023-11-30 03682749 frs-bus:Director1 2024-11-30 03682749 frs-countries:EnglandWales 2023-12-01 2024-11-30 03682749 2022-11-30 03682749 2023-11-30 03682749 2022-12-01 2023-11-30 03682749 frs-core:CurrentFinancialInstruments 2023-11-30 03682749 frs-core:Non-currentFinancialInstruments 2023-11-30 03682749 frs-core:BetweenOneFiveYears 2023-11-30 03682749 frs-core:WithinOneYear 2023-11-30 03682749 frs-core:ShareCapital 2023-11-30 03682749 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 03682749
American Specialists Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Shaw Austin
Chartered Accountants
45 City Road
Chester
CH1 3AE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 03682749
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,718 15,884
11,718 15,884
CURRENT ASSETS
Debtors 5 540,370 416,597
Cash at bank and in hand 9,494 6,781
549,864 423,378
Creditors: Amounts Falling Due Within One Year 6 (607,939 ) (479,348 )
NET CURRENT ASSETS (LIABILITIES) (58,075 ) (55,970 )
TOTAL ASSETS LESS CURRENT LIABILITIES (46,357 ) (40,086 )
Creditors: Amounts Falling Due After More Than One Year 7 (5,833 ) (24,711 )
NET LIABILITIES (52,190 ) (64,797 )
CAPITAL AND RESERVES
Called up share capital 10 297,365 297,365
Profit and Loss Account (349,555 ) (362,162 )
SHAREHOLDERS' FUNDS (52,190) (64,797)
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 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
H J Waterhouse
Director
22 May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
American Specialists Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03682749 . The registered office is 1 Mesne Lea Road, Worsley, Manchester, Lancashire, M28 7EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. As the director will continue to make funds
available to the company in future, he believes that the going concern basis is appropriate for these financial statements.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable in respect of comissions earned by the company in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. Turnover is recognised on the date of booking. On cancellation of a booking the commission value is removed from turnover and replaced with the value of any non refundable deposit lost by the customer.
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:
Plant & Machinery 25% on cost
Motor Vehicles 25% on net book value
Property improvements 10% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Property improvements Total
£ £ £ £
Cost
As at 1 December 2023 27,440 20,833 26,000 74,273
As at 30 November 2024 27,440 20,833 26,000 74,273
Depreciation
As at 1 December 2023 27,181 5,208 26,000 58,389
Provided during the period 259 3,907 - 4,166
As at 30 November 2024 27,440 9,115 26,000 62,555
Net Book Value
As at 30 November 2024 - 11,718 - 11,718
As at 1 December 2023 259 15,625 - 15,884
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 432,193 408,220
Other debtors 108,177 8,377
540,370 416,597
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,878 9,228
Trade creditors 516,988 427,297
Bank loans and overdrafts 51,667 10,000
Other creditors 30,406 32,823
607,939 479,348
Deed of charge
A deed of charge is held by Barclays Bank PLC over amounts deposited with the bank in respect of any monies becoming due to the bank.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 8,878
Bank loans 5,833 15,833
5,833 24,711
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Page 4
8. Secured Creditors
Of the following creditors,the hire purchase contract is secured over the asset in which is relates to and the bank loan is personally secured by the director H Waterhouse. 
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,878 18,106
Bank loans and overdrafts 41,667 -
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,878 9,228
Later than one year and not later than five years - 8,878
8,878 18,106
8,878 18,106
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 297,365 297,365
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Heath Waterhouse - 104,382 - - 104,382
The above loan is unsecured, repayable on demand and has interest charged at a rate of 2.25% per annum.
12. Related Party Transactions
The director has made an interest free loan available to the company of £nil (2023 - £2,124), which is repayable on demand.
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