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 05991708 Mr Stuart Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05991708 2023-11-30 05991708 2024-11-30 05991708 2023-12-01 2024-11-30 05991708 frs-core:CurrentFinancialInstruments 2024-11-30 05991708 frs-core:Non-currentFinancialInstruments 2024-11-30 05991708 frs-core:BetweenOneFiveYears 2024-11-30 05991708 frs-core:ComputerEquipment 2024-11-30 05991708 frs-core:ComputerEquipment 2023-12-01 2024-11-30 05991708 frs-core:ComputerEquipment 2023-11-30 05991708 frs-core:MotorVehicles 2024-11-30 05991708 frs-core:MotorVehicles 2023-12-01 2024-11-30 05991708 frs-core:MotorVehicles 2023-11-30 05991708 frs-core:PlantMachinery 2024-11-30 05991708 frs-core:PlantMachinery 2023-12-01 2024-11-30 05991708 frs-core:PlantMachinery 2023-11-30 05991708 frs-core:WithinOneYear 2024-11-30 05991708 frs-core:ShareCapital 2024-11-30 05991708 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 05991708 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05991708 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 05991708 frs-bus:SmallEntities 2023-12-01 2024-11-30 05991708 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 05991708 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 05991708 frs-bus:Director1 2023-12-01 2024-11-30 05991708 frs-bus:Director1 2023-11-30 05991708 frs-bus:Director1 2024-11-30 05991708 frs-core:CurrentFinancialInstruments 4 2024-11-30 05991708 frs-countries:EnglandWales 2023-12-01 2024-11-30 05991708 2022-11-30 05991708 2023-11-30 05991708 2022-12-01 2023-11-30 05991708 frs-core:CurrentFinancialInstruments 2023-11-30 05991708 frs-core:Non-currentFinancialInstruments 2023-11-30 05991708 frs-core:BetweenOneFiveYears 2023-11-30 05991708 frs-core:MotorVehicles 2022-12-01 2023-11-30 05991708 frs-core:WithinOneYear 2023-11-30 05991708 frs-core:ShareCapital 2023-11-30 05991708 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 05991708 frs-core:CurrentFinancialInstruments 4 2023-11-30
Registered number: 05991708
Llandovery Tyres And Batteries Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05991708
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 206,564 223,335
206,564 223,335
CURRENT ASSETS
Stocks 5 791,469 797,558
Debtors 6 572,456 642,276
Cash at bank and in hand 163,078 40,345
1,527,003 1,480,179
Creditors: Amounts Falling Due Within One Year 7 (670,897 ) (724,556 )
NET CURRENT ASSETS (LIABILITIES) 856,106 755,623
TOTAL ASSETS LESS CURRENT LIABILITIES 1,062,670 978,958
Creditors: Amounts Falling Due After More Than One Year 8 (61,086 ) (92,612 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (44,349 ) (43,604 )
NET ASSETS 957,235 842,742
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 957,225 842,732
SHAREHOLDERS' FUNDS 957,235 842,742
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 Stuart Davies
Director
29 August 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Llandovery Tyres And Batteries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05991708 . The registered office is White Lion Yard, Victoria Street, Llandovery, SA20 0YD.
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 20% - Straight Line
Motor Vehicles 20% - Reducing Balance
Computer Equipment 20% - Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
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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.
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 assets reflect 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 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.
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:  21 (2023: 20)
21 20
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 29,301 345,529 1,027 375,857
Additions 13,449 18,500 - 31,949
As at 30 November 2024 42,750 364,029 1,027 407,806
Depreciation
As at 1 December 2023 24,184 127,810 528 152,522
Provided during the period 2,505 46,010 205 48,720
As at 30 November 2024 26,689 173,820 733 201,242
Net Book Value
As at 30 November 2024 16,061 190,209 294 206,564
As at 1 December 2023 5,117 217,719 499 223,335
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 51,447 98,916
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5. Stocks
2024 2023
£ £
Stock 791,469 797,558
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 451,216 502,180
Prepayments and accrued income 1,834 1,419
Other debtors 29,288 34,015
Director's loan account 90,118 104,662
572,456 642,276
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,403 54,681
Trade creditors 539,755 533,156
Bank loans and overdrafts 15,750 15,494
Corporation tax 41,894 50,571
Other taxes and social security 8,975 6,640
VAT 34,303 50,721
Other creditors 36 340
Pension creditor 1,391 373
Accruals and deferred income 13,390 12,580
670,897 724,556
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,629 23,033
Bank loans 53,457 69,579
61,086 92,612
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,403 54,681
Later than one year and not later than five years 7,629 23,033
23,032 77,714
23,032 77,714
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
11. Pension Commitments
The company operates a defined contribution pension scheme for their employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,391 (2023: £373) were due to the fund. They are included in Other Creditors.
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Stuart Davies 104,662 18,489 (33,033 ) - 90,118
The above loan is unsecured, interest free and repayable on demand.
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