Acorah Software Products - Accounts Production 16.3.350 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 14335838 Mr Neil Robertson Mr Garry Ward iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14335838 2023-09-30 14335838 2024-09-30 14335838 2023-10-01 2024-09-30 14335838 frs-core:CurrentFinancialInstruments 2024-09-30 14335838 frs-core:ComputerEquipment 2024-09-30 14335838 frs-core:ComputerEquipment 2023-10-01 2024-09-30 14335838 frs-core:ComputerEquipment 2023-09-30 14335838 frs-core:PlantMachinery 2024-09-30 14335838 frs-core:PlantMachinery 2023-10-01 2024-09-30 14335838 frs-core:PlantMachinery 2023-09-30 14335838 frs-core:ShareCapital 2024-09-30 14335838 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 14335838 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14335838 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 14335838 frs-bus:SmallEntities 2023-10-01 2024-09-30 14335838 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14335838 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14335838 frs-bus:Director1 2023-10-01 2024-09-30 14335838 frs-bus:Director2 2023-10-01 2024-09-30 14335838 frs-countries:EnglandWales 2023-10-01 2024-09-30 14335838 2022-09-30 14335838 2023-09-30 14335838 2022-10-01 2023-09-30 14335838 frs-core:CurrentFinancialInstruments 2023-09-30 14335838 frs-core:ShareCapital 2023-09-30 14335838 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 14335838
South East Cars & Commercials Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14335838
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 442 161
442 161
CURRENT ASSETS
Stocks 5 265,448 153,817
Debtors 6 - 1,600
Cash at bank and in hand 22,194 10,477
287,642 165,894
Creditors: Amounts Falling Due Within One Year 7 (309,497 ) (183,953 )
NET CURRENT ASSETS (LIABILITIES) (21,855 ) (18,059 )
TOTAL ASSETS LESS CURRENT LIABILITIES (21,413 ) (17,898 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (84 ) (31 )
NET LIABILITIES (21,497 ) (17,929 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (21,498 ) (17,930 )
SHAREHOLDERS' FUNDS (21,497) (17,929)
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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 Neil Robertson
Director
31st March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
South East Cars & Commercials Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14335838 . The registered office is 139-141 Watling Street, Gillingham, Kent, ME7 2YY.
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 accounts have been prepared on the basis of going concern.  This basis may not be appropriate because the company had, at 30 September 2024, net liabilities of £21,497 (2023: £17,929).  The validity of the going concern basis is dependent upon the continued support of the company's directors and ordinary creditors.
2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.
Plant & Machinery 25% on reducing balance
Computer Equipment 33% on reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditiors.
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 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.
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.
...CONTINUED
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2.7. Taxation - continued
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 assets reflect 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.
2.8. 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.
2.9. Debtors
Short term debtors are measured at transaction price, less any impairment.
2.10. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.
2.11. Creditors
Short term creditors are measured at the transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 208 - 208
Additions - 398 398
As at 30 September 2024 208 398 606
Depreciation
As at 1 October 2023 47 - 47
Provided during the period 40 77 117
As at 30 September 2024 87 77 164
Net Book Value
As at 30 September 2024 121 321 442
As at 1 October 2023 161 - 161
5. Stocks
2024 2023
£ £
Stock 265,448 153,817
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,600
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,857 2,104
Other creditors 305,771 178,689
Taxation and social security 1,869 3,160
309,497 183,953
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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