Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
30 September 2024
Directors | |
Company Secretary | CRAVEN, Ian (Appointed on 25 Nov 2024) |
Registered Address | |
Registered Number |
Notes | 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|---|
£ | £ | £ | £ | |||||
| Fixed assets | ||||||||
| Intangible assets | 4 | |||||||
| Tangible assets | 6 | |||||||
| Current assets | ||||||||
| Debtors | 7 | |||||||
| Cash at bank and on hand | ||||||||
| Creditors amounts falling due within one year | 8 | ( | ( | |||||
| Net current assets (liabilities) | ||||||||
| Total assets less current liabilities | ||||||||
| Creditors amounts falling due after one year | 9 | ( | ( | |||||
| Accruals and deferred income | ( | ( | ||||||
| Net assets | ( | |||||||
| Capital and reserves | ||||||||
| Called up share capital | ||||||||
| Profit and loss account | ( | |||||||
| Shareholders' funds | ( | |||||||
| The financial statements were approved and authorised for issue by the Board of Directors on 18 June 2025, and are signed on its behalf by: |
Director Registered Company No. 09201276 |
| 1. | Accounting policies |
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| Statutory information | |
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| Statement of compliance | |
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| Going concern | |
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| Judgements and key sources of estimation uncertainty | |
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| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. |
| Revenue from rendering of services | |
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| Turnover from repair plans is invoiced in full on inception of the plan. Income is deferred on the balance sheet and released to the Profit & Loss Account on a straight-line basis over the term of the plan. Any repair claims associated with the plan are recognised to the Profit & Loss account at the point that the claim is approved, and no accrual is made for any as yet unknown future claims. |
| Employee benefits | |
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| Defined contribution pension plan | |
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| Finance costs | |
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| Foreign currency translation | |
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| Current taxation | |
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| Intangible assets | |
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| Tangible fixed assets and depreciation | |
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| Reducing balance (%) | Straight line (years) | |||
|---|---|---|---|---|
| Land and buildings | ||||
| Plant and machinery | ||||
| Fixtures and fittings |
| Trade and other debtors | |
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| Cash and cash equivalents | |
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| Trade and other creditors | |
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| Financial instruments | |
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| Share capital | |
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| Related parties | |
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| Government grants or assistance | |
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| 2. | Average number of employees |
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| 2024 | 2023 | |||
|---|---|---|---|---|
| Average number of employees during the year |
| 3. | Prior period adjustment |
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| The Company adopted Revenue from Contracts with Customers using the modified retrospective approach. Under this method, the cumulative effect of applying the new standard has been recognized as an adjustment to the opening retained earnings as of that date, with no restatement of comparative figures. Prior periods have not been restated, and revenue continues to be presented under previous standards for those periods. The impact of the change on the current reporting period has been disclosed in accordance with the requirements of guideline. This approach was deemed both practical and appropriate for the nature of the Company’s operations. |
| 4. | Intangible assets |
|---|---|
Other | Total | |||
|---|---|---|---|---|
| £ | £ | |||
| Cost or valuation | ||||
| At 01 October 23 | ||||
| Disposals | ( | ( | ||
| At 30 September 24 | ||||
| Amortisation and impairment | ||||
| At 01 October 23 | ||||
| Charge for year | ||||
| Other movements | ||||
| On disposals | ( | ( | ||
| At 30 September 24 | ||||
| Net book value | ||||
| At 30 September 24 | ||||
| At 30 September 23 |
| 5. | Useful life of intangible assets |
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| Software is amortised using the reducing balance method to allocate the cost over its estimated useful life. Until the current financial year, software was amortised at a rate of 15% per annum. From the current year onward, due to increased rates of technological obsolescence, the amortisation rate has been revised to 35% per annum on a reducing balance basis. This change in estimate has been applied prospectively, and reflects management’s reassessment of the pattern in which the software's future economic benefits are expected to be consumed. |
| 6. | Tangible fixed assets |
|---|---|
Land & buildings | Plant & machinery | Fixtures & fittings | Total | |||||
|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||||
| Cost or valuation | ||||||||
| At 01 October 23 | ||||||||
| Additions | ||||||||
| Disposals | ( | ( | ( | |||||
| At 30 September 24 | ||||||||
| Depreciation and impairment | ||||||||
| At 01 October 23 | ||||||||
| Charge for year | ||||||||
| On disposals | ( | ( | ( | |||||
| Other adjustments | ||||||||
| At 30 September 24 | ( | |||||||
| Net book value | ||||||||
| At 30 September 24 | ( | |||||||
| At 30 September 23 |
| 7. | Debtors: amounts due within one year |
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2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade debtors / trade receivables | ||||
| Amounts owed by associates and joint ventures / participating interests | ||||
| Prepayments and accrued income | ||||
| Total |
| 8. | Creditors: amounts due within one year |
|---|---|
2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors / trade payables | ||||
| Bank borrowings and overdrafts | ||||
| Amounts owed to related parties | ||||
| Taxation and social security | ||||
| Other creditors | ||||
| Accrued liabilities and deferred income | ||||
| Total |
| 9. | Creditors: amounts due after one year |
|---|---|
2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Bank borrowings and overdrafts | ||||
| Other creditors | ||||
| Total |
| 10. | Events after reporting date |
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| 11. | Related party transactions |
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