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 10455596 Mr Charles Dujardin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10455596 2023-11-30 10455596 2024-11-30 10455596 2023-12-01 2024-11-30 10455596 frs-core:CurrentFinancialInstruments 2024-11-30 10455596 frs-core:Non-currentFinancialInstruments 2024-11-30 10455596 frs-core:BetweenOneFiveYears 2024-11-30 10455596 frs-core:ComputerEquipment 2024-11-30 10455596 frs-core:ComputerEquipment 2023-12-01 2024-11-30 10455596 frs-core:ComputerEquipment 2023-11-30 10455596 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-11-30 10455596 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-01 2024-11-30 10455596 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-11-30 10455596 frs-core:FurnitureFittings 2024-11-30 10455596 frs-core:FurnitureFittings 2023-12-01 2024-11-30 10455596 frs-core:FurnitureFittings 2023-11-30 10455596 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 10455596 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 10455596 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 10455596 frs-core:MotorVehicles 2024-11-30 10455596 frs-core:MotorVehicles 2023-12-01 2024-11-30 10455596 frs-core:MotorVehicles 2023-11-30 10455596 frs-core:PlantMachinery 2023-12-01 2024-11-30 10455596 frs-core:WithinOneYear 2024-11-30 10455596 frs-core:ShareCapital 2024-11-30 10455596 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 10455596 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10455596 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 10455596 frs-bus:SmallEntities 2023-12-01 2024-11-30 10455596 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10455596 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10455596 frs-bus:Director1 2023-12-01 2024-11-30 10455596 frs-bus:Director1 2023-11-30 10455596 frs-bus:Director1 2024-11-30 10455596 frs-countries:EnglandWales 2023-12-01 2024-11-30 10455596 2022-11-30 10455596 2023-11-30 10455596 2022-12-01 2023-11-30 10455596 frs-core:CurrentFinancialInstruments 2023-11-30 10455596 frs-core:Non-currentFinancialInstruments 2023-11-30 10455596 frs-core:BetweenOneFiveYears 2023-11-30 10455596 frs-core:WithinOneYear 2023-11-30 10455596 frs-core:ShareCapital 2023-11-30 10455596 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 10455596
Auto Wax Works 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: 10455596
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,683 4,025
Tangible Assets 5 178,005 222,464
180,688 226,489
CURRENT ASSETS
Debtors 6 147,181 151,178
Cash at bank and in hand 25,712 63,234
172,893 214,412
Creditors: Amounts Falling Due Within One Year 7 (110,086 ) (176,620 )
NET CURRENT ASSETS (LIABILITIES) 62,807 37,792
TOTAL ASSETS LESS CURRENT LIABILITIES 243,495 264,281
Creditors: Amounts Falling Due After More Than One Year 8 (202,961 ) (242,450 )
NET ASSETS 40,534 21,831
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 40,434 21,731
SHAREHOLDERS' FUNDS 40,534 21,831
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 Charles Dujardin
Director
27 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
Auto Wax Works Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10455596 . The registered office is 129 Bicester Heritage Buckingham Road, Bicester, OX26 5HA.
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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property asset is the website. It is amortised to the 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:
Freehold 20% Straight Line
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Straight Line & 20% Reducing Balance
Fixtures & Fittings 20% Straight Line
Computer Equipment 33% Straight Line
2.5. 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.
Page 3
Page 4
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 8)
9 8
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 December 2023 6,708
As at 30 November 2024 6,708
Amortisation
As at 1 December 2023 2,683
Provided during the period 1,342
As at 30 November 2024 4,025
Net Book Value
As at 30 November 2024 2,683
As at 1 December 2023 4,025
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 116,030 231,249 17,806 158 365,243
Additions - 29,920 - - 29,920
Disposals - (19,975 ) - - (19,975 )
As at 30 November 2024 116,030 241,194 17,806 158 375,188
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 December 2023 66,787 65,490 10,470 32 142,779
Provided during the period 23,206 41,231 1,901 51 66,389
Disposals - (11,985 ) - - (11,985 )
As at 30 November 2024 89,993 94,736 12,371 83 197,183
Net Book Value
As at 30 November 2024 26,037 146,458 5,435 75 178,005
As at 1 December 2023 49,243 165,759 7,336 126 222,464
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,001 34,266
Amounts owed by group undertakings 15,606 15,400
Other debtors 88,574 101,512
147,181 151,178
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 37,657 34,473
Trade creditors 19,501 36,219
Bank loans and overdrafts 6,000 6,000
Other loans 28,361 12,802
Other creditors 3,505 46,885
Taxation and social security 15,062 40,241
110,086 176,620
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 64,216 86,236
Bank loans 11,961 11,961
Other loans 126,784 144,253
202,961 242,450
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 37,657 34,473
Later than one year and not later than five years 64,216 86,236
101,873 120,709
101,873 120,709
Page 5
Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. 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 Charles Dujardin 60,182 55,512 60,182 - 55,512
The above loan is unsecured, interest free and repayable on demand.
Page 6