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 05173704 Mrs M J Turner Mr R B Turner Mrs M J Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05173704 2023-09-30 05173704 2024-09-30 05173704 2023-10-01 2024-09-30 05173704 frs-core:CurrentFinancialInstruments 2024-09-30 05173704 frs-core:Non-currentFinancialInstruments 2024-09-30 05173704 frs-core:BetweenOneFiveYears 2024-09-30 05173704 frs-core:FurnitureFittings 2024-09-30 05173704 frs-core:FurnitureFittings 2023-10-01 2024-09-30 05173704 frs-core:FurnitureFittings 2023-09-30 05173704 frs-core:NetGoodwill 2024-09-30 05173704 frs-core:NetGoodwill 2023-10-01 2024-09-30 05173704 frs-core:NetGoodwill 2023-09-30 05173704 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 05173704 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05173704 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 05173704 frs-core:MotorVehicles 2024-09-30 05173704 frs-core:MotorVehicles 2023-10-01 2024-09-30 05173704 frs-core:MotorVehicles 2023-09-30 05173704 frs-core:WithinOneYear 2024-09-30 05173704 frs-core:ShareCapital 2024-09-30 05173704 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05173704 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05173704 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05173704 frs-bus:SmallEntities 2023-10-01 2024-09-30 05173704 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05173704 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05173704 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-01 2024-09-30 05173704 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 05173704 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 05173704 frs-bus:Director1 2023-10-01 2024-09-30 05173704 frs-bus:Director2 2023-10-01 2024-09-30 05173704 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 05173704 frs-core:CurrentFinancialInstruments 1 2024-09-30 05173704 frs-core:Non-currentFinancialInstruments 1 2024-09-30 05173704 frs-countries:EnglandWales 2023-10-01 2024-09-30 05173704 2022-09-30 05173704 2023-09-30 05173704 2022-10-01 2023-09-30 05173704 frs-core:CurrentFinancialInstruments 2023-09-30 05173704 frs-core:Non-currentFinancialInstruments 2023-09-30 05173704 frs-core:BetweenOneFiveYears 2023-09-30 05173704 frs-core:WithinOneYear 2023-09-30 05173704 frs-core:ShareCapital 2023-09-30 05173704 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 05173704 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 05173704 frs-core:CurrentFinancialInstruments 1 2023-09-30 05173704 frs-core:Non-currentFinancialInstruments 1 2023-09-30
Registered number: 05173704
Eurotruck Midlands Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05173704
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 306,395 300,178
306,395 300,178
CURRENT ASSETS
Stocks 6 182,620 126,112
Debtors 7 567,958 446,989
Cash at bank and in hand - 134
750,578 573,235
Creditors: Amounts Falling Due Within One Year 8 (690,096 ) (534,326 )
NET CURRENT ASSETS (LIABILITIES) 60,482 38,909
TOTAL ASSETS LESS CURRENT LIABILITIES 366,877 339,087
Creditors: Amounts Falling Due After More Than One Year 9 (106,267 ) (123,619 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,320 ) (18,062 )
NET ASSETS 235,290 197,406
CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 21,297 18,104
Profit and Loss Account 213,893 179,202
SHAREHOLDERS' FUNDS 235,290 197,406
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 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 R B Turner
Director
20th June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Eurotruck Midlands Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05173704 . The registered office is Unit 1 Buxton Court, Manners Industrial Estate, Ilkeston, Derbyshire, DE7 8EF.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 13 years.
2.4. 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:
Freehold No depreciation
Motor Vehicles 20% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. 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.
2.6. 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.
Page 3
Page 4
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 year 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred 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 and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 16)
17 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 110,000
As at 30 September 2024 110,000
Amortisation
As at 1 October 2023 110,000
As at 30 September 2024 110,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 225,000 117,477 52,568 395,045
Additions - 29,895 - 29,895
Disposals - (10,501 ) - (10,501 )
As at 30 September 2024 225,000 136,871 52,568 414,439
Depreciation
As at 1 October 2023 - 58,707 36,160 94,867
...CONTINUED
Page 4
Page 5
Provided during the period - 17,272 4,102 21,374
Disposals - (8,197 ) - (8,197 )
As at 30 September 2024 - 67,782 40,262 108,044
Net Book Value
As at 30 September 2024 225,000 69,089 12,306 306,395
As at 1 October 2023 225,000 58,770 16,408 300,178
6. Stocks
2024 2023
£ £
Materials 182,620 126,112
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 567,958 446,989
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,264 12,078
Trade creditors 494,863 386,812
Bank loans and overdrafts 63,139 37,807
Corporation tax 39,567 27,317
Other taxes and social security 20,443 16,532
VAT 46,765 45,313
Mortgage 6,706 6,706
Accruals and deferred income 1,400 1,400
Directors' loan accounts 949 361
690,096 534,326
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,378 28,386
Bank loans 5,333 13,333
Mortgage (Long term liabilities - creditors > 1 year) 75,556 81,900
106,267 123,619
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,264 12,078
Later than one year and not later than five years 25,378 28,386
41,642 40,464
41,642 40,464
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Reserves
Fair Value Reserve
£
As at 1 October 2023 18,104
Transfer to profit and loss 3,193
As at 30 September 2024 21,297
Page 6