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Registered number: 06708168
Stratford Tyres Limited
Financial Statements
For The Year Ended 30 September 2024
Fruition Accountancy
29 Wood Street
Stratford-upon-Avon
Warwickshire
CV37 6JG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06708168
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 138,768 104,798
138,768 104,798
CURRENT ASSETS
Stocks 5 28,500 31,953
Debtors 6 152,024 178,530
Cash at bank and in hand 362,397 322,625
542,921 533,108
Creditors: Amounts Falling Due Within One Year 7 (291,045 ) (266,939 )
NET CURRENT ASSETS (LIABILITIES) 251,876 266,169
TOTAL ASSETS LESS CURRENT LIABILITIES 390,644 370,967
Creditors: Amounts Falling Due After More Than One Year 8 - (18,214 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,439 ) (14,991 )
NET ASSETS 372,205 337,762
CAPITAL AND RESERVES
Called up share capital 9 80 80
Capital redemption reserve 20 20
Profit and Loss Account 372,105 337,662
SHAREHOLDERS' FUNDS 372,205 337,762
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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 James Davies
Director
Mr Adam Loughlin
Director
27th June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Stratford Tyres Limited is a private company, limited by shares, incorporated in England & Wales. The registered office is Unit 3 Swan Trade Centre, Avenue Farm Industrial Estate, Stratford-Upon-Avon, Warwickshire, CV37 0HS.
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 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% 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.
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2.5. Taxation
Corporation 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.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.7. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of relevent borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 19)
21 19
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 166,756 42,585 48,112 22,680 280,133
Additions 14,394 39,660 - 7,491 61,545
Disposals - (9,140 ) - - (9,140 )
As at 30 September 2024 181,150 73,105 48,112 30,171 332,538
Depreciation
As at 1 October 2023 124,266 27,357 11,985 11,727 175,335
Provided during the period 9,141 9,484 3,612 3,239 25,476
Disposals - (7,041 ) - - (7,041 )
As at 30 September 2024 133,407 29,800 15,597 14,966 193,770
Net Book Value
As at 30 September 2024 47,743 43,305 32,515 15,205 138,768
As at 1 October 2023 42,490 15,228 36,127 10,953 104,798
5. Stocks
2024 2023
£ £
Stock 28,500 31,953
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 131,625 155,595
Other debtors 20,399 22,935
152,024 178,530
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 171,782 150,246
Bank loans and overdrafts - 10,056
Other creditors 29,563 30,897
Taxation and social security 89,700 75,740
291,045 266,939
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 18,214
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
80 Ordinary Shares of £ 1.00 each 80 80
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 98,000 92,000
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