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 06654890 Mr Michael Croft iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06654890 2023-09-30 06654890 2024-09-30 06654890 2023-10-01 2024-09-30 06654890 frs-core:CurrentFinancialInstruments 2024-09-30 06654890 frs-core:Non-currentFinancialInstruments 2024-09-30 06654890 frs-core:ComputerEquipment 2024-09-30 06654890 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06654890 frs-core:ComputerEquipment 2023-09-30 06654890 frs-core:FurnitureFittings 2024-09-30 06654890 frs-core:FurnitureFittings 2023-10-01 2024-09-30 06654890 frs-core:FurnitureFittings 2023-09-30 06654890 frs-core:PlantMachinery 2024-09-30 06654890 frs-core:PlantMachinery 2023-10-01 2024-09-30 06654890 frs-core:PlantMachinery 2023-09-30 06654890 frs-core:ShareCapital 2024-09-30 06654890 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06654890 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06654890 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06654890 frs-bus:SmallEntities 2023-10-01 2024-09-30 06654890 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06654890 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06654890 frs-bus:Director1 2023-10-01 2024-09-30 06654890 frs-bus:Director1 2023-09-30 06654890 frs-bus:Director1 2024-09-30 06654890 frs-countries:EnglandWales 2023-10-01 2024-09-30 06654890 2022-09-30 06654890 2023-09-30 06654890 2022-10-01 2023-09-30 06654890 frs-core:CurrentFinancialInstruments 2023-09-30 06654890 frs-core:Non-currentFinancialInstruments 2023-09-30 06654890 frs-core:ShareCapital 2023-09-30 06654890 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 06654890
Grimsby Cars Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Appleleaf Chartered Certified Accountants
ACCA
5 Town Hall Street
Grimsby
Lincolnshire
DN31 1HN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06654890
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,266 8,053
5,266 8,053
CURRENT ASSETS
Stocks 5 594,041 546,326
Debtors 6 140,366 97,971
Cash at bank and in hand 482 3,960
734,889 648,257
Creditors: Amounts Falling Due Within One Year 7 (569,458 ) (512,859 )
NET CURRENT ASSETS (LIABILITIES) 165,431 135,398
TOTAL ASSETS LESS CURRENT LIABILITIES 170,697 143,451
Creditors: Amounts Falling Due After More Than One Year 8 (10,735 ) (20,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (1,317 ) (1,530 )
NET ASSETS 158,645 121,921
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 158,644 121,920
SHAREHOLDERS' FUNDS 158,645 121,921
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 Michael Croft
Director
26 June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Grimsby Cars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06654890 . The registered office is 5 Town Hall Street, Grimsby, DN31 1HN.
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% - Straight line
Fixtures & Fittings 25% - Straight line
Computer Equipment 25% - Straight line
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.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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: 10 (2023: 12)
10 12
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 7,070 39,666 16,535 63,271
As at 30 September 2024 7,070 39,666 16,535 63,271
Depreciation
As at 1 October 2023 6,196 35,689 13,333 55,218
Provided during the period 343 1,453 991 2,787
As at 30 September 2024 6,539 37,142 14,324 58,005
Net Book Value
As at 30 September 2024 531 2,524 2,211 5,266
As at 1 October 2023 874 3,977 3,202 8,053
5. Stocks
2024 2023
£ £
Stock 594,041 546,326
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 83,826 34,677
Prepayments and accrued income 2,795 2,392
Other debtors 15,325 15,325
Director's loan account 38,420 45,577
140,366 97,971
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 676 235
Bank loans and overdrafts 57,033 87,605
Corporation tax 12,793 36,725
Other taxes and social security 8,483 6,157
VAT 90,350 80,266
Net wages 751 -
Other creditors 396,209 298,882
Accruals and deferred income 3,163 2,989
569,458 512,859
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,735 20,000
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,317 1,530
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Michael Croft 45,577 - 7,157 - 38,420
The above loan is unsecured, interest free and repayable on demand.
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