Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 09375266 Mrs Tamasine Agutter Mr Ricky Agutter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09375266 2024-01-31 09375266 2025-01-31 09375266 2024-02-01 2025-01-31 09375266 frs-core:CurrentFinancialInstruments 2025-01-31 09375266 frs-core:Non-currentFinancialInstruments 2025-01-31 09375266 frs-core:BetweenOneFiveYears 2025-01-31 09375266 frs-core:FurnitureFittings 2024-02-01 2025-01-31 09375266 frs-core:MotorVehicles 2025-01-31 09375266 frs-core:MotorVehicles 2024-02-01 2025-01-31 09375266 frs-core:MotorVehicles 2024-01-31 09375266 frs-core:PlantMachinery 2025-01-31 09375266 frs-core:PlantMachinery 2024-02-01 2025-01-31 09375266 frs-core:PlantMachinery 2024-01-31 09375266 frs-core:ShareCapital 2025-01-31 09375266 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 09375266 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09375266 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 09375266 frs-bus:SmallEntities 2024-02-01 2025-01-31 09375266 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 09375266 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 09375266 frs-bus:Director1 2024-02-01 2025-01-31 09375266 frs-bus:Director2 2024-02-01 2025-01-31 09375266 frs-countries:EnglandWales 2024-02-01 2025-01-31 09375266 2023-01-31 09375266 2024-01-31 09375266 2023-02-01 2024-01-31 09375266 frs-core:CurrentFinancialInstruments 2024-01-31 09375266 frs-core:Non-currentFinancialInstruments 2024-01-31 09375266 frs-core:BetweenOneFiveYears 2024-01-31 09375266 frs-core:ShareCapital 2024-01-31 09375266 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 09375266
R.A.C.Parts Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Oxygen Accountancy
Business Advisors and Taxation Specialists
2 The Coach House
Hatton House, Hatton
Warwick
Warwickshire
CV35 7LD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09375266
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,596 -
11,596 -
CURRENT ASSETS
Debtors 5 6,063 5,300
6,063 5,300
Creditors: Amounts Falling Due Within One Year 6 (148,204 ) (152,671 )
NET CURRENT ASSETS (LIABILITIES) (142,141 ) (147,371 )
TOTAL ASSETS LESS CURRENT LIABILITIES (130,545 ) (147,371 )
Creditors: Amounts Falling Due After More Than One Year 7 (14,967 ) -
NET LIABILITIES (145,512 ) (147,371 )
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account (145,712 ) (147,571 )
SHAREHOLDERS' FUNDS (145,512) (147,371)
Page 1
Page 2
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 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 Ricky Agutter
Director
27th 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
R.A.C.Parts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09375266 . The registered office is Unit 12, Munros Business Park Marton Road, Birdingbury, Rugby, CV23 8EH.
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. 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 over 5 years
Motor Vehicles over 5 years
Fixtures & Fittings over 5 years
2.4. 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2024 5,574 10,950 16,524
Additions - 14,495 14,495
Disposals - (10,950 ) (10,950 )
As at 31 January 2025 5,574 14,495 20,069
Depreciation
As at 1 February 2024 5,574 10,950 16,524
Provided during the period - 2,899 2,899
Disposals - (10,950 ) (10,950 )
As at 31 January 2025 5,574 2,899 8,473
Net Book Value
As at 31 January 2025 - 11,596 11,596
As at 1 February 2024 - - -
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,862 4,149
Other debtors 250 250
Other taxes and social security 1,951 901
6,063 5,300
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,843 6,139
Bank loans and overdrafts 9,631 19,284
Other creditors 64,803 54,785
Directors' loan accounts 69,927 72,463
148,204 152,671
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 14,967 -
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 14,967 -
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
Page 5