Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 05820728 Mr Arshad Mahmood Mr Arshad Mahmood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05820728 2023-11-30 05820728 2024-11-30 05820728 2023-12-01 2024-11-30 05820728 frs-core:CurrentFinancialInstruments 2024-11-30 05820728 frs-core:Non-currentFinancialInstruments 2024-11-30 05820728 frs-core:ComputerEquipment 2024-11-30 05820728 frs-core:ComputerEquipment 2023-12-01 2024-11-30 05820728 frs-core:ComputerEquipment 2023-11-30 05820728 frs-core:MotorVehicles 2024-11-30 05820728 frs-core:MotorVehicles 2023-12-01 2024-11-30 05820728 frs-core:MotorVehicles 2023-11-30 05820728 frs-core:PlantMachinery 2024-11-30 05820728 frs-core:PlantMachinery 2023-12-01 2024-11-30 05820728 frs-core:PlantMachinery 2023-11-30 05820728 frs-core:ShareCapital 2024-11-30 05820728 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 05820728 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05820728 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 05820728 frs-bus:SmallEntities 2023-12-01 2024-11-30 05820728 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 05820728 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 05820728 frs-bus:Director1 2023-12-01 2024-11-30 05820728 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 05820728 frs-countries:EnglandWales 2023-12-01 2024-11-30 05820728 2022-11-30 05820728 2023-11-30 05820728 2022-12-01 2023-11-30 05820728 frs-core:CurrentFinancialInstruments 2023-11-30 05820728 frs-core:Non-currentFinancialInstruments 2023-11-30 05820728 frs-core:ShareCapital 2023-11-30 05820728 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 05820728
Mazda & Mitsubishi Spares Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05820728
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,990 5,006
Investment Properties 5 656,300 656,300
678,290 661,306
CURRENT ASSETS
Stocks 6 7,000 8,000
Debtors 7 15,148 15,515
Cash at bank and in hand 112,259 111,179
134,407 134,694
Creditors: Amounts Falling Due Within One Year 8 (113,961 ) (114,305 )
NET CURRENT ASSETS (LIABILITIES) 20,446 20,389
TOTAL ASSETS LESS CURRENT LIABILITIES 698,736 681,695
Creditors: Amounts Falling Due After More Than One Year 9 (23,590 ) (124,576 )
NET ASSETS 675,146 557,119
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 675,046 557,019
SHAREHOLDERS' FUNDS 675,146 557,119
Page 1
Page 2
For the year ending 30 November 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 Arshad Mahmood
Director
28/08/2025
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
Mazda & Mitsubishi Spares Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05820728 . The registered office is Chichester House, 2 Chichester Street, Rochdale, Lancashire, OL16 2AX.
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 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 15% Reducing Balance
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
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 years 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.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
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Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 20,932 16,672 270 37,874
Additions 20,234 - 832 21,066
As at 30 November 2024 41,166 16,672 1,102 58,940
Depreciation
As at 1 December 2023 17,676 14,976 216 32,868
Provided during the period 3,524 425 133 4,082
As at 30 November 2024 21,200 15,401 349 36,950
Net Book Value
As at 30 November 2024 19,966 1,271 753 21,990
As at 1 December 2023 3,256 1,696 54 5,006
5. Investment Property
2024
£
Fair Value
As at 1 December 2023 and 30 November 2024 656,300
6. Stocks
2024 2023
£ £
Stock 7,000 8,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,612 12,949
Other debtors 536 2,566
15,148 15,515
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,027 8,675
Bank loans and overdrafts 20,714 -
Corporation tax 41,279 54,243
Other taxes and social security 678 382
VAT 7,321 14,246
...CONTINUED
Page 4
Page 5
Net wages 2,436 1,984
Accruals and deferred income 21,525 31,950
Director's loan account 981 2,825
113,961 114,305
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,590 124,576
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5