Acorah Software Products - Accounts Production 16.4.675 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 05804433 S J Clarke J Clarke S J Clarke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05804433 2024-05-31 05804433 2025-05-31 05804433 2024-06-01 2025-05-31 05804433 frs-core:CurrentFinancialInstruments 2025-05-31 05804433 frs-core:BetweenOneFiveYears 2025-05-31 05804433 frs-core:ComputerEquipment 2024-06-01 2025-05-31 05804433 frs-core:FurnitureFittings 2024-06-01 2025-05-31 05804433 frs-core:NetGoodwill 2025-05-31 05804433 frs-core:NetGoodwill 2024-06-01 2025-05-31 05804433 frs-core:NetGoodwill 2024-05-31 05804433 frs-core:LandBuildings 2025-05-31 05804433 frs-core:LandBuildings 2024-06-01 2025-05-31 05804433 frs-core:LandBuildings 2024-05-31 05804433 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 05804433 frs-core:MotorVehicles 2024-06-01 2025-05-31 05804433 frs-core:PlantMachinery 2025-05-31 05804433 frs-core:PlantMachinery 2024-06-01 2025-05-31 05804433 frs-core:PlantMachinery 2024-05-31 05804433 frs-core:WithinOneYear 2025-05-31 05804433 frs-core:ShareCapital 2025-05-31 05804433 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 05804433 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 05804433 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 05804433 frs-bus:SmallEntities 2024-06-01 2025-05-31 05804433 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 05804433 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 05804433 frs-core:UnlistedNon-exchangeTraded 2025-05-31 05804433 frs-core:UnlistedNon-exchangeTraded 2024-05-31 05804433 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 05804433 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-05-31 05804433 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 05804433 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-05-31 05804433 frs-bus:Director1 2024-06-01 2025-05-31 05804433 frs-bus:Director1 2024-05-31 05804433 frs-bus:Director1 2025-05-31 05804433 frs-bus:Director2 2024-06-01 2025-05-31 05804433 frs-bus:CompanySecretary1 2024-06-01 2025-05-31 05804433 frs-countries:EnglandWales 2024-06-01 2025-05-31 05804433 2023-05-31 05804433 2024-05-31 05804433 2023-06-01 2024-05-31 05804433 frs-core:CurrentFinancialInstruments 2024-05-31 05804433 frs-core:BetweenOneFiveYears 2024-05-31 05804433 frs-core:WithinOneYear 2024-05-31 05804433 frs-core:ShareCapital 2024-05-31 05804433 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 05804433
Steve Clarke Garages Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05804433
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,789 6,183
Tangible Assets 5 59,784 76,232
Investments 6 100 100
63,673 82,515
CURRENT ASSETS
Stocks 267,749 227,530
Debtors 7 66,113 29,167
Cash at bank and in hand 102,145 205,013
436,007 461,710
Creditors: Amounts Falling Due Within One Year 8 (100,488 ) (88,741 )
NET CURRENT ASSETS (LIABILITIES) 335,519 372,969
TOTAL ASSETS LESS CURRENT LIABILITIES 399,192 455,484
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,371 ) (19,058 )
NET ASSETS 385,821 436,426
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 385,721 436,326
SHAREHOLDERS' FUNDS 385,821 436,426
Page 1
Page 2
For the year ending 31 May 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.
On behalf of the board
S J Clarke
Director
18 August 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Steve Clarke Garages Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05804433 . The registered office is Cowick Street Motors, 160 Cowick Street, Exeter , Devon, EX4 1AS.
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, excluding discounts and value added taxes. Turnover includes revenue earned from the sale of used vehicles and from the rendering of services. 
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 profit and loss account over its estimated economic life of 5 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:
Leasehold Other
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. 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.

2.6. 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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Page 4
2.6. 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.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 11)
12 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2024 48,966
As at 31 May 2025 48,966
Amortisation
As at 1 June 2024 42,783
Provided during the period 2,394
As at 31 May 2025 45,177
Net Book Value
As at 31 May 2025 3,789
As at 1 June 2024 6,183
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5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 June 2024 2,700 203,021 205,721
Additions - 3,449 3,449
Disposals - (500 ) (500 )
As at 31 May 2025 2,700 205,970 208,670
Depreciation
As at 1 June 2024 2,700 126,789 129,489
Provided during the period - 19,639 19,639
Disposals - (242 ) (242 )
As at 31 May 2025 2,700 146,186 148,886
Net Book Value
As at 31 May 2025 - 59,784 59,784
As at 1 June 2024 - 76,232 76,232
6. Investments
Unlisted
£
Cost or Valuation
As at 1 June 2024 100
As at 31 May 2025 100
Provision
As at 1 June 2024 -
As at 31 May 2025 -
Net Book Value
As at 31 May 2025 100
As at 1 June 2024 100
Fixed asset investments include shareholdings at cost in subsidiary undertakings.
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 48,188 15,450
Other debtors 17,925 13,717
66,113 29,167
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 34,580 35,741
Other creditors 22,574 10,947
Taxation and social security 43,334 42,053
100,488 88,741
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 55,800 55,745
Later than one year and not later than five years 57,400 19,500
113,200 75,245
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2024 Amounts advanced Amounts repaid Amounts written off As at 31 May 2025
£ £ £ £ £
Mr Steven Clarke - 41,839 41,839 - -
The above loan is unsecured and repayable on demand and interest is charged at 2.25% pa on overdrawn balances.
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