Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09280098 Ms Karen Harris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09280098 2023-10-31 09280098 2024-10-31 09280098 2023-11-01 2024-10-31 09280098 frs-core:CurrentFinancialInstruments 2024-10-31 09280098 frs-core:ComputerEquipment 2024-10-31 09280098 frs-core:ComputerEquipment 2023-11-01 2024-10-31 09280098 frs-core:ComputerEquipment 2023-10-31 09280098 frs-core:FurnitureFittings 2024-10-31 09280098 frs-core:FurnitureFittings 2023-11-01 2024-10-31 09280098 frs-core:FurnitureFittings 2023-10-31 09280098 frs-core:PlantMachinery 2024-10-31 09280098 frs-core:PlantMachinery 2023-11-01 2024-10-31 09280098 frs-core:PlantMachinery 2023-10-31 09280098 frs-core:ShareCapital 2024-10-31 09280098 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09280098 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09280098 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09280098 frs-bus:SmallEntities 2023-11-01 2024-10-31 09280098 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09280098 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09280098 frs-bus:Director1 2023-11-01 2024-10-31 09280098 frs-core:CurrentFinancialInstruments 1 2024-10-31 09280098 frs-countries:EnglandWales 2023-11-01 2024-10-31 09280098 2022-10-31 09280098 2023-10-31 09280098 2022-11-01 2023-10-31 09280098 frs-core:CurrentFinancialInstruments 2023-10-31 09280098 frs-core:ShareCapital 2023-10-31 09280098 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09280098 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 09280098
1st Time School of Motoring Ltd
Financial Statements
For The Year Ended 31 October 2024
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09280098
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,352 41,823
37,352 41,823
CURRENT ASSETS
Debtors 5 101 -
Cash at bank and in hand 316,759 248,302
316,860 248,302
Creditors: Amounts Falling Due Within One Year 6 (132,192 ) (74,730 )
NET CURRENT ASSETS (LIABILITIES) 184,668 173,572
TOTAL ASSETS LESS CURRENT LIABILITIES 222,020 215,395
NET ASSETS 222,020 215,395
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 221,920 215,295
SHAREHOLDERS' FUNDS 222,020 215,395
For the year ending 31 October 2024 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 her 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
Ms Karen Harris
Director
9 June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
1st Time School of Motoring Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09280098 . The registered office is C K R House, 70 East Hill, Dartford, Kent, DA1 1RZ.
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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 15% reducing balance basis
Fixtures & Fittings 25% reducing balance basis
Computer Equipment 25% reducing balance basis
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 52,578 193 4,824 57,595
Additions 7,972 - - 7,972
Disposals (8,364 ) - - (8,364 )
As at 31 October 2024 52,186 193 4,824 57,203
Depreciation
As at 1 November 2023 12,220 48 3,504 15,772
Provided during the period 6,398 37 330 6,765
Disposals (2,686 ) - - (2,686 )
As at 31 October 2024 15,932 85 3,834 19,851
Net Book Value
As at 31 October 2024 36,254 108 990 37,352
As at 1 November 2023 40,358 145 1,320 41,823
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 101 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,656 412
Corporation tax 11,944 6,768
Other taxes and social security - 1,357
VAT 7,194 5,914
Pension Control 22 36
Accruals 3,000 2,750
Director's loan account 108,376 57,493
132,192 74,730
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3