Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 09855298 Mr Geraint Dunn Mr Jay Prangley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09855298 2023-11-30 09855298 2024-11-30 09855298 2023-12-01 2024-11-30 09855298 frs-core:CurrentFinancialInstruments 2024-11-30 09855298 frs-core:Non-currentFinancialInstruments 2024-11-30 09855298 frs-core:ComputerEquipment 2023-12-01 2024-11-30 09855298 frs-core:FurnitureFittings 2023-12-01 2024-11-30 09855298 frs-core:PlantMachinery 2024-11-30 09855298 frs-core:PlantMachinery 2023-12-01 2024-11-30 09855298 frs-core:PlantMachinery 2023-11-30 09855298 frs-core:ShareCapital 2024-11-30 09855298 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 09855298 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09855298 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 09855298 frs-bus:SmallEntities 2023-12-01 2024-11-30 09855298 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09855298 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09855298 frs-bus:Director1 2023-12-01 2024-11-30 09855298 frs-bus:Director2 2023-12-01 2024-11-30 09855298 frs-countries:EnglandWales 2023-12-01 2024-11-30 09855298 2022-11-30 09855298 2023-11-30 09855298 2022-12-01 2023-11-30 09855298 frs-core:CurrentFinancialInstruments 2023-11-30 09855298 frs-core:Non-currentFinancialInstruments 2023-11-30 09855298 frs-core:ShareCapital 2023-11-30 09855298 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 09855298
Vale Specialist Cars Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
KLH Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09855298
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,860 22,969
12,860 22,969
CURRENT ASSETS
Stocks 5 90,831 51,736
Debtors 6 41,877 15,491
Cash at bank and in hand 23,266 46,360
155,974 113,587
Creditors: Amounts Falling Due Within One Year 7 (161,606 ) (111,104 )
NET CURRENT ASSETS (LIABILITIES) (5,632 ) 2,483
TOTAL ASSETS LESS CURRENT LIABILITIES 7,228 25,452
Creditors: Amounts Falling Due After More Than One Year 8 (3,977 ) (12,000 )
NET ASSETS 3,251 13,452
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 3,249 13,450
SHAREHOLDERS' FUNDS 3,251 13,452
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For the year ending 30 November 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 Geraint Dunn
Director
07/05/2025
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
Vale Specialist Cars Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09855298 . The registered office is Unit 6 Ely Valley Industrial Estate, Pontyclun, CF72 9DZ.
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.
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 25% reducing balance
Fixtures & Fittings 25% reducing balance
Office Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
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.
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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 December 2023 44,375
Additions 2,202
Disposals (11,250 )
As at 30 November 2024 35,327
Depreciation
As at 1 December 2023 21,406
Provided during the period 4,924
Disposals (3,863 )
As at 30 November 2024 22,467
Net Book Value
As at 30 November 2024 12,860
As at 1 December 2023 22,969
5. Stocks
2024 2023
£ £
Stock 81,173 40,960
Materials 9,658 10,776
90,831 51,736
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 33,473 10,918
Other debtors 8,404 4,573
41,877 15,491
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 82,062 14,975
Bank loans and overdrafts 8,011 8,000
Other creditors 59,076 56,882
Taxation and social security 12,457 31,247
161,606 111,104
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,977 12,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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