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 04070357 Mr Stephen Goodyear Mrs Ruth Goodyear iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04070357 2023-09-30 04070357 2024-09-30 04070357 2023-10-01 2024-09-30 04070357 frs-core:CurrentFinancialInstruments 2024-09-30 04070357 frs-core:Non-currentFinancialInstruments 2024-09-30 04070357 frs-core:ComputerEquipment 2024-09-30 04070357 frs-core:ComputerEquipment 2023-10-01 2024-09-30 04070357 frs-core:ComputerEquipment 2023-09-30 04070357 frs-core:FurnitureFittings 2024-09-30 04070357 frs-core:FurnitureFittings 2023-10-01 2024-09-30 04070357 frs-core:FurnitureFittings 2023-09-30 04070357 frs-core:MotorVehicles 2024-09-30 04070357 frs-core:MotorVehicles 2023-10-01 2024-09-30 04070357 frs-core:MotorVehicles 2023-09-30 04070357 frs-core:PlantMachinery 2024-09-30 04070357 frs-core:PlantMachinery 2023-10-01 2024-09-30 04070357 frs-core:PlantMachinery 2023-09-30 04070357 frs-core:ShareCapital 2024-09-30 04070357 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04070357 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04070357 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 04070357 frs-bus:SmallEntities 2023-10-01 2024-09-30 04070357 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04070357 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04070357 frs-bus:Director1 2023-10-01 2024-09-30 04070357 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 04070357 frs-countries:EnglandWales 2023-10-01 2024-09-30 04070357 2022-09-30 04070357 2023-09-30 04070357 2022-10-01 2023-09-30 04070357 frs-core:CurrentFinancialInstruments 2023-09-30 04070357 frs-core:Non-currentFinancialInstruments 2023-09-30 04070357 frs-core:ShareCapital 2023-09-30 04070357 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 04070357
Goodyears Outdoors Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Whitefield Tax Limited
Chartered Certified Accountants and Registered Auditor
Arnold House
2 New Road
Brading
Isle Of Wight
PO36 0DT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04070357
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,320 1,761
1,320 1,761
CURRENT ASSETS
Stocks 5 61,562 67,745
Debtors 6 1,125 1,166
Cash at bank and in hand 3,144 3,800
65,831 72,711
Creditors: Amounts Falling Due Within One Year 7 (89,570 ) (93,300 )
NET CURRENT ASSETS (LIABILITIES) (23,739 ) (20,589 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,419 ) (18,828 )
Creditors: Amounts Falling Due After More Than One Year 8 (41,272 ) (61,367 )
NET LIABILITIES (63,691 ) (80,195 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (63,693 ) (80,197 )
SHAREHOLDERS' FUNDS (63,691) (80,195)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Stephen Goodyear
Director
17 June 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
Goodyears Outdoors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04070357 . The registered office is Goodyears Outdoors, 53 Regent Street, Shanklin, Isle Of Wight, PO37 7AE.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Sales, marketing and distribution 1 1
3 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 4,957 2,000 7,303 7,405 21,665
As at 30 September 2024 4,957 2,000 7,303 7,405 21,665
Depreciation
As at 1 October 2023 4,948 1,367 6,794 6,795 19,904
Provided during the period 2 158 128 153 441
As at 30 September 2024 4,950 1,525 6,922 6,948 20,345
Net Book Value
As at 30 September 2024 7 475 381 457 1,320
As at 1 October 2023 9 633 509 610 1,761
5. Stocks
2024 2023
£ £
Stock 61,562 67,745
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,121 1,089
Other debtors 4 77
1,125 1,166
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,966 21,100
Bank loans and overdrafts 45,043 50,105
Other taxes and social security (Current liabilities - creditors < 1 year) 173 136
VAT 6,938 6,962
Other creditors 16,774 14,341
Accruals 676 656
89,570 93,300
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 41,272 61,367
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5