Acorah Software Products - Accounts Production 16.4.675 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 08840393 S L Scotchings C E Scotchings iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08840393 2024-01-31 08840393 2025-01-31 08840393 2024-02-01 2025-01-31 08840393 frs-core:CurrentFinancialInstruments 2025-01-31 08840393 frs-core:ComputerEquipment 2024-02-01 2025-01-31 08840393 frs-core:NetGoodwill 2025-01-31 08840393 frs-core:NetGoodwill 2024-02-01 2025-01-31 08840393 frs-core:NetGoodwill 2024-01-31 08840393 frs-core:MotorVehicles 2024-02-01 2025-01-31 08840393 frs-core:PlantMachinery 2025-01-31 08840393 frs-core:PlantMachinery 2024-02-01 2025-01-31 08840393 frs-core:PlantMachinery 2024-01-31 08840393 frs-core:ShareCapital 2025-01-31 08840393 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 08840393 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 08840393 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 08840393 frs-bus:SmallEntities 2024-02-01 2025-01-31 08840393 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 08840393 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 08840393 frs-bus:Director1 2024-02-01 2025-01-31 08840393 frs-bus:Director1 2024-01-31 08840393 frs-bus:Director1 2025-01-31 08840393 frs-bus:Director2 2024-02-01 2025-01-31 08840393 frs-bus:Director2 2024-01-31 08840393 frs-bus:Director2 2025-01-31 08840393 frs-countries:EnglandWales 2024-02-01 2025-01-31 08840393 2023-01-31 08840393 2024-01-31 08840393 2023-02-01 2024-01-31 08840393 frs-core:CurrentFinancialInstruments 2024-01-31 08840393 frs-core:ShareCapital 2024-01-31 08840393 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 08840393
Pace Services Truck Sales Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
PKW Accountancy Limited
Second Floor
1 Church Square
Leighton Buzzard
Bedfordshire
LU7 1AE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08840393
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 139,750 -
Tangible Assets 5 59,528 4,392
199,278 4,392
CURRENT ASSETS
Stocks 6 63,500 97,750
Debtors 7 137,097 241,181
Cash at bank and in hand 516,978 466,479
717,575 805,410
Creditors: Amounts Falling Due Within One Year 8 (109,194 ) (54,082 )
NET CURRENT ASSETS (LIABILITIES) 608,381 751,328
TOTAL ASSETS LESS CURRENT LIABILITIES 807,659 755,720
NET ASSETS 807,659 755,720
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 807,559 755,620
SHAREHOLDERS' FUNDS 807,659 755,720
For the year ending 31 January 2025 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.
The financial statements were approved by the board of directors on 10 August 2025 and were signed on its behalf by:
C E Scotchings
Director
10th August 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Pace Services Truck Sales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08840393 . The registered office is 2nd Floor, 1 Church Square, Leighton Buzzard, Bedfordshire, LU7 1AE.
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. 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 the profit and loss account over its estimated economic life of 4 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% reducing balance
Computer Equipment 25% straight line
2.5. Stocks and Work in Progress
Stocks is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 -
Additions 156,000
As at 31 January 2025 156,000
Amortisation
As at 1 February 2024 -
Provided during the period 16,250
As at 31 January 2025 16,250
Net Book Value
As at 31 January 2025 139,750
As at 1 February 2024 -
Page 2
Page 3
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 February 2024 6,682
Additions 59,116
As at 31 January 2025 65,798
Depreciation
As at 1 February 2024 2,290
Provided during the period 3,980
As at 31 January 2025 6,270
Net Book Value
As at 31 January 2025 59,528
As at 1 February 2024 4,392
6. Stocks
2025 2024
£ £
Stock 63,500 97,750
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 115,313 39,504
Other debtors 21,784 201,677
137,097 241,181
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 97,714 15,812
Bank loans and overdrafts 999 473
Other creditors 2,405 7,083
Taxation and social security 8,076 30,714
109,194 54,082
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 3
Page 4
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mrs Suzanne Scotchings 98,796 6,489 98,796 - 6,489
Mr Clifford Scotchings 98,796 6,490 98,796 - 6,490
The above loans are unsecured, repayable on demand and interest is charged at the official rate.
Page 4