Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11643760 Mrs S J Mears Mr S E Mears iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11643760 2023-09-30 11643760 2024-09-30 11643760 2023-10-01 2024-09-30 11643760 frs-core:CurrentFinancialInstruments 2024-09-30 11643760 frs-core:Non-currentFinancialInstruments 2024-09-30 11643760 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 11643760 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 11643760 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 11643760 frs-core:MotorVehicles 2024-09-30 11643760 frs-core:MotorVehicles 2023-10-01 2024-09-30 11643760 frs-core:MotorVehicles 2023-09-30 11643760 frs-core:PlantMachinery 2024-09-30 11643760 frs-core:PlantMachinery 2023-10-01 2024-09-30 11643760 frs-core:PlantMachinery 2023-09-30 11643760 frs-core:ShareCapital 2024-09-30 11643760 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11643760 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11643760 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11643760 frs-bus:SmallEntities 2023-10-01 2024-09-30 11643760 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11643760 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11643760 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30 11643760 frs-bus:OrdinaryShareClass1 2024-09-30 11643760 frs-bus:Director1 2023-10-01 2024-09-30 11643760 frs-bus:Director2 2023-10-01 2024-09-30 11643760 frs-countries:EnglandWales 2023-10-01 2024-09-30 11643760 2022-09-30 11643760 2023-09-30 11643760 2022-10-01 2023-09-30 11643760 frs-core:CurrentFinancialInstruments 2023-09-30 11643760 frs-core:Non-currentFinancialInstruments 2023-09-30 11643760 frs-core:MotorVehicles 2022-10-01 2023-09-30 11643760 frs-core:ShareCapital 2023-09-30 11643760 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 11643760 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30
Registered number: 11643760
Mears Transport Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11643760
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 97,799 112,129
97,799 112,129
CURRENT ASSETS
Debtors 5 114,963 89,909
Cash at bank and in hand 13,449 19,621
128,412 109,530
Creditors: Amounts Falling Due Within One Year 6 (211,184 ) (240,524 )
NET CURRENT ASSETS (LIABILITIES) (82,772 ) (130,994 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,027 (18,865 )
Creditors: Amounts Falling Due After More Than One Year 7 (7,910 ) (23,021 )
NET ASSETS/(LIABILITIES) 7,117 (41,886 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 7,017 (41,986 )
SHAREHOLDERS' FUNDS 7,117 (41,886)
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 S E Mears
Director
20 May 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
Mears Transport Ltd is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from carriage and transport is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to completion of contracts. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Freehold not provided
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.  
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.  
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
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2.5. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Profit and Loss Account, 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.
2.6. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 8)
7 8
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 October 2023 2,232 54,813 198,658 255,703
Additions - 26,251 - 26,251
Disposals - (19,590 ) (17,000 ) (36,590 )
As at 30 September 2024 2,232 61,474 181,658 245,364
Depreciation
As at 1 October 2023 - 33,189 110,385 143,574
Provided during the period - 6,912 18,882 25,794
Disposals - (17,553 ) (4,250 ) (21,803 )
As at 30 September 2024 - 22,548 125,017 147,565
Net Book Value
As at 30 September 2024 2,232 38,926 56,641 97,799
As at 1 October 2023 2,232 21,624 88,273 112,129
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 18,984 25,312
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 113,163 88,455
Prepayments and accrued income - 854
Other debtors 1,800 600
114,963 89,909
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,500 10,000
Trade creditors 24,304 50,995
Bank loans and overdrafts 20,311 23,256
Other taxes and social security 3,971 5,997
VAT 34,252 10,426
Other creditors 69,123 68,546
Accruals and deferred income 5,054 5,320
Directors' loan accounts 51,669 65,984
211,184 240,524
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,500
Bank loans 7,910 20,521
7,910 23,021
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,500 12,500
Hire purchase conracts are secured against the assets being leased.
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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