Acorah Software Products - Accounts Production 16.3.350 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 04169505 Mr S A Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04169505 2024-01-31 04169505 2025-01-31 04169505 2024-02-01 2025-01-31 04169505 frs-core:CurrentFinancialInstruments 2025-01-31 04169505 frs-core:ComputerEquipment 2025-01-31 04169505 frs-core:ComputerEquipment 2024-02-01 2025-01-31 04169505 frs-core:ComputerEquipment 2024-01-31 04169505 frs-core:FurnitureFittings 2025-01-31 04169505 frs-core:FurnitureFittings 2024-02-01 2025-01-31 04169505 frs-core:FurnitureFittings 2024-01-31 04169505 frs-core:MotorVehicles 2025-01-31 04169505 frs-core:MotorVehicles 2024-02-01 2025-01-31 04169505 frs-core:MotorVehicles 2024-01-31 04169505 frs-core:PlantMachinery 2025-01-31 04169505 frs-core:PlantMachinery 2024-02-01 2025-01-31 04169505 frs-core:PlantMachinery 2024-01-31 04169505 frs-core:ShareCapital 2025-01-31 04169505 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 04169505 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04169505 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 04169505 frs-bus:SmallEntities 2024-02-01 2025-01-31 04169505 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 04169505 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 04169505 frs-bus:Director1 2024-02-01 2025-01-31 04169505 frs-core:CurrentFinancialInstruments 2 2025-01-31 04169505 frs-countries:EnglandWales 2024-02-01 2025-01-31 04169505 2023-01-31 04169505 2024-01-31 04169505 2023-02-01 2024-01-31 04169505 frs-core:CurrentFinancialInstruments 2024-01-31 04169505 frs-core:ShareCapital 2024-01-31 04169505 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04169505 frs-core:CurrentFinancialInstruments 2 2024-01-31
Registered number: 04169505
T.J. Auto Repairs Limited
Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04169505
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 87,262 65,309
87,262 65,309
CURRENT ASSETS
Stocks 5 9,500 7,000
Debtors 6 20,354 14,164
Cash at bank and in hand 11,787 10,277
41,641 31,441
Creditors: Amounts Falling Due Within One Year 7 (203,986 ) (159,449 )
NET CURRENT ASSETS (LIABILITIES) (162,345 ) (128,008 )
TOTAL ASSETS LESS CURRENT LIABILITIES (75,083 ) (62,699 )
NET LIABILITIES (75,083 ) (62,699 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (75,084 ) (62,700 )
SHAREHOLDERS' FUNDS (75,083) (62,699)
For the year ending 31 January 2025 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 S A Johnson
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
T.J. Auto Repairs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04169505 . The registered office is Unit 1 Wilne Road, Sawley, Long Eaton, Nottingham, NG10 3AL.
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. Going Concern Disclosure
At 31st January 2025, the company had net liabilities of £75,083. The company is reliant on the continued support of the director. The director has confirmed his intention to support the company for at least twelve months from the date of signing the accounts.
On the above basis, the directors consider that the accounts should be prepared on a going concern basis.
2.3. 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.
2.4. 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 5% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. 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.
2.6. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 3)
4 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 63,865 1,650 - 30,394 95,909
Additions 12,952 17,270 144 1,034 31,400
As at 31 January 2025 76,817 18,920 144 31,428 127,309
Depreciation
As at 1 February 2024 3,193 1,128 - 26,279 30,600
Provided during the period 3,682 4,449 29 1,287 9,447
As at 31 January 2025 6,875 5,577 29 27,566 40,047
Net Book Value
As at 31 January 2025 69,942 13,343 115 3,862 87,262
As at 1 February 2024 60,672 522 - 4,115 65,309
5. Stocks
2025 2024
£ £
Stock 9,500 7,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,430 144
Deferred tax current asset 16,924 14,020
20,354 14,164
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 62,342 42,121
Bank loans and overdrafts 11,783 13,990
Other taxes and social security 2,129 3,690
VAT 3,611 3,077
Other creditors 82,041 84,351
Pension control account 175 -
Accruals and deferred income 600 600
Director's loan account 41,305 11,620
203,986 159,449
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Page 4
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4