Acorah Software Products - Accounts Production 16.5.460 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 06494056 Mr Richard Jancso Mrs Nicola Jancso iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06494056 2024-02-29 06494056 2025-02-28 06494056 2024-03-01 2025-02-28 06494056 frs-core:CurrentFinancialInstruments 2025-02-28 06494056 frs-core:Non-currentFinancialInstruments 2025-02-28 06494056 frs-core:ComputerEquipment 2025-02-28 06494056 frs-core:ComputerEquipment 2024-03-01 2025-02-28 06494056 frs-core:ComputerEquipment 2024-02-29 06494056 frs-core:PlantMachinery 2025-02-28 06494056 frs-core:PlantMachinery 2024-03-01 2025-02-28 06494056 frs-core:PlantMachinery 2024-02-29 06494056 frs-core:ShareCapital 2025-02-28 06494056 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 06494056 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06494056 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 06494056 frs-bus:SmallEntities 2024-03-01 2025-02-28 06494056 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 06494056 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 06494056 frs-bus:Director1 2024-03-01 2025-02-28 06494056 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 06494056 frs-countries:EnglandWales 2024-03-01 2025-02-28 06494056 2023-02-28 06494056 2024-02-29 06494056 2023-03-01 2024-02-29 06494056 frs-core:CurrentFinancialInstruments 2024-02-29 06494056 frs-core:Non-currentFinancialInstruments 2024-02-29 06494056 frs-core:ShareCapital 2024-02-29 06494056 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 06494056
DISCOUNT CARS (DUDLEY) LIMITED
Unaudited Financial Statements
For The Year Ended 28 February 2025
J M Tranter & Co
1 Dennis Buildings
87a King William Street
Amblecote, Stourbridge
West Midlands
DY8 4HD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06494056
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 264 311
Investment Properties 5 756,001 841,834
756,265 842,145
CURRENT ASSETS
Stocks 6 35,889 90,988
Debtors 7 123 1,140
Cash at bank and in hand 87,327 26,303
123,339 118,431
Creditors: Amounts Falling Due Within One Year 8 (42,801 ) (167,219 )
NET CURRENT ASSETS (LIABILITIES) 80,538 (48,788 )
TOTAL ASSETS LESS CURRENT LIABILITIES 836,803 793,357
Creditors: Amounts Falling Due After More Than One Year 9 - (14,086 )
NET ASSETS 836,803 779,271
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 836,802 779,270
SHAREHOLDERS' FUNDS 836,803 779,271
Page 1
Page 2
For the year ending 28 February 2025 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 Richard Jancso
Director
06/08/2025
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
Discount Cars ( Dudley ) Limited Registered number 06494056 is a limited by shares company incorporated in England & Wales. The Registered Office is 1 Dennis Buildings, 87a King William Street, Amblecote, Stourbridge, West Midlands, DY8 4HD.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 15% reducing balance
Computer Equipment 33.3% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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. 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.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Thax is recoginsed in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in reserves.
Current tax and deferred tax are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.7. Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general,deferred taxation is recognised inrespect of timing differences that have originated but not reversed at the balance sheet date.However, deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 2,316 2,453 4,769
As at 28 February 2025 2,316 2,453 4,769
Depreciation
As at 1 March 2024 2,005 2,453 4,458
Provided during the period 47 - 47
As at 28 February 2025 2,052 2,453 4,505
Net Book Value
As at 28 February 2025 264 - 264
As at 1 March 2024 311 - 311
5. Investment Property
2025
£
Fair Value
As at 1 March 2024 841,834
Disposals (85,833 )
As at 28 February 2025 756,001
6. Stocks
2025 2024
£ £
Stock 35,889 90,988
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 123 1,140
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts - 10,081
Corporation tax 36,000 15,845
Other taxes and social security - 62
VAT 1,070 -
Accruals 4,924 4,240
Director's loan account 807 136,991
42,801 167,219
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 14,086
Page 5