Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07754493 Mr C J Bailey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07754493 2023-08-31 07754493 2024-08-31 07754493 2023-09-01 2024-08-31 07754493 frs-core:CurrentFinancialInstruments 2024-08-31 07754493 frs-core:Non-currentFinancialInstruments 2024-08-31 07754493 frs-core:ComputerEquipment 2024-08-31 07754493 frs-core:ComputerEquipment 2023-09-01 2024-08-31 07754493 frs-core:ComputerEquipment 2023-08-31 07754493 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 07754493 frs-core:MotorVehicles 2024-08-31 07754493 frs-core:MotorVehicles 2023-09-01 2024-08-31 07754493 frs-core:MotorVehicles 2023-08-31 07754493 frs-core:OtherResidualIntangibleAssets 2024-08-31 07754493 frs-core:OtherResidualIntangibleAssets 2023-08-31 07754493 frs-core:PlantMachinery 2024-08-31 07754493 frs-core:PlantMachinery 2023-09-01 2024-08-31 07754493 frs-core:PlantMachinery 2023-08-31 07754493 frs-core:ShareCapital 2024-08-31 07754493 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07754493 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07754493 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07754493 frs-bus:SmallEntities 2023-09-01 2024-08-31 07754493 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07754493 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07754493 frs-bus:Director1 2023-09-01 2024-08-31 07754493 1 2023-09-01 2024-08-31 07754493 frs-countries:EnglandWales 2023-09-01 2024-08-31 07754493 2022-08-31 07754493 2023-08-31 07754493 2022-09-01 2023-08-31 07754493 frs-core:CurrentFinancialInstruments 2023-08-31 07754493 frs-core:Non-currentFinancialInstruments 2023-08-31 07754493 frs-core:ShareCapital 2023-08-31 07754493 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 07754493 1 2022-09-01 2023-08-31
Registered number: 07754493
Automech (Midlands) Ltd
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07754493
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 7,609 2,047
7,609 2,047
CURRENT ASSETS
Debtors 6 5,012 9,792
Cash at bank and in hand 11,418 20,619
16,430 30,411
Creditors: Amounts Falling Due Within One Year 7 (20,312 ) (30,557 )
NET CURRENT ASSETS (LIABILITIES) (3,882 ) (146 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,727 1,901
Creditors: Amounts Falling Due After More Than One Year 8 (2,361 ) -
NET ASSETS 1,366 1,901
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 1,365 1,900
SHAREHOLDERS' FUNDS 1,366 1,901
Page 1
Page 2
For the year ending 31 August 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 C J Bailey
Director
4 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Automech (Midlands) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07754493 . The registered office is Unit 2 Sawley Park, Nottingham Road, Derby, Derbyshire, DE21 6AS.
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 - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 10 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% straight line
Computer Equipment 33% straight line
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
1 1
1 1
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4. Intangible Assets
Other
£
Cost
As at 1 September 2023 10,000
As at 31 August 2024 10,000
Amortisation
As at 1 September 2023 10,000
As at 31 August 2024 10,000
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 3,587 - 2,200 5,787
Additions 4,000 3,650 - 7,650
As at 31 August 2024 7,587 3,650 2,200 13,437
Depreciation
As at 1 September 2023 2,374 - 1,366 3,740
Provided during the period 861 836 391 2,088
As at 31 August 2024 3,235 836 1,757 5,828
Net Book Value
As at 31 August 2024 4,352 2,814 443 7,609
As at 1 September 2023 1,213 - 834 2,047
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,427 9,239
Prepayments and accrued income 585 553
5,012 9,792
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,895 20,673
Bank loans and overdrafts 1,667 -
Corporation tax 817 6,198
Other taxes and social security 2,061 3,604
Director's loan account 3,872 82
20,312 30,557
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,361 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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