Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10107848 Mrs Carolyn Kiddle Mr Harold Kiddle Mr Mark Kiddle Mrs Leyan Kiddle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10107848 2023-08-31 10107848 2024-08-31 10107848 2023-09-01 2024-08-31 10107848 frs-core:CurrentFinancialInstruments 2024-08-31 10107848 frs-core:ComputerEquipment 2024-08-31 10107848 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10107848 frs-core:ComputerEquipment 2023-08-31 10107848 frs-core:NetGoodwill 2024-08-31 10107848 frs-core:NetGoodwill 2023-09-01 2024-08-31 10107848 frs-core:NetGoodwill 2023-08-31 10107848 frs-core:PlantMachinery 2024-08-31 10107848 frs-core:PlantMachinery 2023-09-01 2024-08-31 10107848 frs-core:PlantMachinery 2023-08-31 10107848 frs-core:ShareCapital 2024-08-31 10107848 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10107848 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10107848 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10107848 frs-bus:SmallEntities 2023-09-01 2024-08-31 10107848 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10107848 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10107848 frs-bus:Director1 2023-09-01 2024-08-31 10107848 frs-bus:Director2 2023-09-01 2024-08-31 10107848 frs-bus:Director3 2023-09-01 2024-08-31 10107848 frs-bus:Director4 2023-09-01 2024-08-31 10107848 frs-countries:EnglandWales 2023-09-01 2024-08-31 10107848 2022-08-31 10107848 2023-08-31 10107848 2022-09-01 2023-08-31 10107848 frs-core:CurrentFinancialInstruments 2023-08-31 10107848 frs-core:ShareCapital 2023-08-31 10107848 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10107848
H K Motors (Wiltshire) Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10107848
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,833 5,833
Tangible Assets 5 445 595
4,278 6,428
CURRENT ASSETS
Stocks 6 850 850
Debtors 7 2,980 2,574
Cash at bank and in hand 8,028 14,407
11,858 17,831
Creditors: Amounts Falling Due Within One Year 8 (28,151 ) (33,381 )
NET CURRENT ASSETS (LIABILITIES) (16,293 ) (15,550 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,015 ) (9,122 )
NET LIABILITIES (12,015 ) (9,122 )
CAPITAL AND RESERVES
Called up share capital 9 200 100
Profit and Loss Account (12,215 ) (9,222 )
SHAREHOLDERS' FUNDS (12,015) (9,122)
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For the year ending 31 August 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
Mrs Carolyn Kiddle
Director
Mrs Leyan Kiddle
Director
22 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
H K Motors (Wiltshire) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10107848 . The registered office is 56 High Street, Easterton, Devizes, Wiltshire, SN10 4PG.
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.
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.
2.3. 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 10 years.
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% 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.
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2.6. 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
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 20,000
As at 31 August 2024 20,000
Amortisation
As at 1 September 2023 14,167
Provided during the period 2,000
As at 31 August 2024 16,167
Net Book Value
As at 31 August 2024 3,833
As at 1 September 2023 5,833
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 5,639 1,000 6,639
As at 31 August 2024 5,639 1,000 6,639
Depreciation
As at 1 September 2023 5,364 680 6,044
Provided during the period 70 80 150
As at 31 August 2024 5,434 760 6,194
...CONTINUED
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Net Book Value
As at 31 August 2024 205 240 445
As at 1 September 2023 275 320 595
6. Stocks
2024 2023
£ £
Stock 850 850
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,494 2,574
Other debtors 1,486 -
2,980 2,574
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,931 5,194
Other creditors 20,499 24,366
Taxation and social security 3,721 3,821
28,151 33,381
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 100
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