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 05273818 Mr James Mitchell Mr Russell Mitchell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05273818 2023-09-30 05273818 2024-09-30 05273818 2023-10-01 2024-09-30 05273818 frs-core:CurrentFinancialInstruments 2024-09-30 05273818 frs-core:Non-currentFinancialInstruments 2024-09-30 05273818 frs-core:BetweenOneFiveYears 2024-09-30 05273818 frs-core:ComputerEquipment 2024-09-30 05273818 frs-core:ComputerEquipment 2023-10-01 2024-09-30 05273818 frs-core:ComputerEquipment 2023-09-30 05273818 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 05273818 frs-core:MotorVehicles 2024-09-30 05273818 frs-core:MotorVehicles 2023-10-01 2024-09-30 05273818 frs-core:MotorVehicles 2023-09-30 05273818 frs-core:OtherResidualIntangibleAssets 2024-09-30 05273818 frs-core:OtherResidualIntangibleAssets 2023-09-30 05273818 frs-core:PlantMachinery 2024-09-30 05273818 frs-core:PlantMachinery 2023-10-01 2024-09-30 05273818 frs-core:PlantMachinery 2023-09-30 05273818 frs-core:ShareCapital 2024-09-30 05273818 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05273818 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05273818 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05273818 frs-bus:SmallEntities 2023-10-01 2024-09-30 05273818 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05273818 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05273818 frs-bus:Director1 2023-10-01 2024-09-30 05273818 frs-bus:Director2 2023-10-01 2024-09-30 05273818 frs-countries:EnglandWales 2023-10-01 2024-09-30 05273818 2022-09-30 05273818 2023-09-30 05273818 2022-10-01 2023-09-30 05273818 frs-core:CurrentFinancialInstruments 2023-09-30 05273818 frs-core:Non-currentFinancialInstruments 2023-09-30 05273818 frs-core:BetweenOneFiveYears 2023-09-30 05273818 frs-core:ShareCapital 2023-09-30 05273818 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 05273818
Coast 2 Coast Marine Transport Limited
ABRIDGED Financial Statements
For The Year Ended 30 September 2024
Certified Public Accountant (CPAA)
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 05273818
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,475 5,475
Tangible Assets 5 716,352 561,082
721,827 566,557
CURRENT ASSETS
Debtors 6 46,651 128,502
Cash at bank and in hand 17,340 (40,061 )
63,991 88,441
Creditors: Amounts Falling Due Within One Year 7 (325,820 ) (431,811 )
NET CURRENT ASSETS (LIABILITIES) (261,829 ) (343,370 )
TOTAL ASSETS LESS CURRENT LIABILITIES 459,998 223,187
Creditors: Amounts Falling Due After More Than One Year 8 (417,534 ) (264,660 )
NET ASSETS/(LIABILITIES) 42,464 (41,473 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Income Statement 42,463 (41,474 )
SHAREHOLDERS' FUNDS 42,464 (41,473)
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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 Income Statement.
On behalf of the board
Mr Russell Mitchell
Director
28 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Coast 2 Coast Marine Transport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05273818 . The registered office is 9 Eastern Parade, Fareham, Hampshire, PO16 0RL.
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 - Other Intangible
Number Plates - Customised number plates are used on each vehicle. The costs of the assets is based on the licensing purchase value and not on the physical properties of the asset.(moved to intangible asset from Motor Vehicles)
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 10% reducing balance
Motor Vehicles 15% reducing balance
Computer/Office Equipment 4-year straight line
Notes On Revalutation
The revaluation of Plant and Machinery and Motor Vehicles includes the identification of 3 Trailers incorrectly recorded as Motor Vehicles and subsiquently moved to Plant and Machinery this year along with depreciation adjustments.
Computer/Office Equipment extracted from Plant and Machinery to be depreciated over 4 years.
Notes on Useful Life
Trailers: Each year, this plant and machinery items undergo significant relairs and maintenance to extend the useful life or modifications to fit the needs of the work carried out. Trailers receive regular revaluations based on the work carried out on them.
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 income statement 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 income statement as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
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4. Intangible Assets
Number Plates
£
Cost
As at 1 October 2023 5,475
As at 30 September 2024 5,475
Net Book Value
As at 30 September 2024 5,475
As at 1 October 2023 5,475
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer/Office Equipment Total
£ £ £ £
Cost or Valuation
As at 1 October 2023 695,804 634,772 1,392 1,331,968
Additions - 350,470 1,367 351,837
Disposals - (111,465 ) - (111,465 )
As at 30 September 2024 695,804 873,777 2,759 1,572,340
Depreciation
As at 1 October 2023 405,199 364,768 919 770,886
Provided during the period 2,305 82,177 620 85,102
As at 30 September 2024 407,504 446,945 1,539 855,988
Net Book Value
As at 30 September 2024 288,300 426,832 1,220 716,352
As at 1 October 2023 290,605 270,004 473 561,082
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 122,494 124,262
Other debtors (75,843) 4,240
46,651 128,502
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 72,339 59,216
Bank loans and overdrafts 148,989 209,842
Other creditors 88,343 154,234
Taxation and social security 16,149 8,519
325,820 431,811
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 400,951 223,202
Bank loans 16,583 41,458
417,534 264,660
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 400,951 223,202
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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