Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09286950 Mrs D L Comber Mr S L Wallis Mr M R Comber iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09286950 2023-12-31 09286950 2024-12-31 09286950 2024-01-01 2024-12-31 09286950 frs-core:CurrentFinancialInstruments 2024-12-31 09286950 frs-core:Non-currentFinancialInstruments 2024-12-31 09286950 frs-core:ComputerEquipment 2024-12-31 09286950 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09286950 frs-core:ComputerEquipment 2023-12-31 09286950 frs-core:FurnitureFittings 2024-12-31 09286950 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09286950 frs-core:FurnitureFittings 2023-12-31 09286950 frs-core:MotorVehicles 2024-12-31 09286950 frs-core:MotorVehicles 2024-01-01 2024-12-31 09286950 frs-core:MotorVehicles 2023-12-31 09286950 frs-core:PlantMachinery 2024-12-31 09286950 frs-core:PlantMachinery 2024-01-01 2024-12-31 09286950 frs-core:PlantMachinery 2023-12-31 09286950 frs-core:WithinOneYear 2024-12-31 09286950 frs-core:ShareCapital 2024-12-31 09286950 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09286950 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09286950 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09286950 frs-bus:SmallEntities 2024-01-01 2024-12-31 09286950 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09286950 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09286950 frs-bus:Director1 2024-01-01 2024-12-31 09286950 frs-bus:Director1 2023-12-31 09286950 frs-bus:Director1 2024-12-31 09286950 frs-bus:Director2 2024-01-01 2024-12-31 09286950 frs-bus:Director3 2024-01-01 2024-12-31 09286950 frs-countries:EnglandWales 2024-01-01 2024-12-31 09286950 2022-12-31 09286950 2023-12-31 09286950 2023-01-01 2023-12-31 09286950 frs-core:CurrentFinancialInstruments 2023-12-31 09286950 frs-core:Non-currentFinancialInstruments 2023-12-31 09286950 frs-core:BetweenOneFiveYears 2023-12-31 09286950 frs-core:WithinOneYear 2023-12-31 09286950 frs-core:ShareCapital 2023-12-31 09286950 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09286950
Thrussington Garage Ltd
Financial Statements
For The Year Ended 31 December 2024
RT Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09286950
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 67,109 89,856
67,109 89,856
CURRENT ASSETS
Stocks 5 18,494 15,360
Debtors 6 18,176 6,605
Cash at bank and in hand 5,740 50,762
42,410 72,727
Creditors: Amounts Falling Due Within One Year 7 (43,183 ) (45,036 )
NET CURRENT ASSETS (LIABILITIES) (773 ) 27,691
TOTAL ASSETS LESS CURRENT LIABILITIES 66,336 117,547
Creditors: Amounts Falling Due After More Than One Year 8 (3,479 ) (24,644 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,954 ) (12,540 )
NET ASSETS 54,903 80,363
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 54,901 80,361
SHAREHOLDERS' FUNDS 54,903 80,363
Page 1
Page 2
For the year ending 31 December 2024 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
Mrs D L Comber
Director
25/07/2025
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
Thrussington Garage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09286950
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. 
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% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on cost
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. 
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.
Page 3
Page 4
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: 5 (2023: 6)
5 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 96,296 78,230 5,563 2,026 182,115
Additions 2,070 3,000 - 720 5,790
Disposals - (33,441 ) - - (33,441 )
As at 31 December 2024 98,366 47,789 5,563 2,746 154,464
Depreciation
As at 1 January 2024 43,881 43,504 3,021 1,853 92,259
Provided during the period 7,982 5,526 635 286 14,429
Disposals - (19,333 ) - - (19,333 )
As at 31 December 2024 51,863 29,697 3,656 2,139 87,355
Net Book Value
As at 31 December 2024 46,503 18,092 1,907 607 67,109
As at 1 January 2024 52,415 34,726 2,542 173 89,856
5. Stocks
2024 2023
£ £
Stock 18,494 15,360
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 18,176 6,605
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 5,761
Trade creditors 16,731 11,993
Bank loans and overdrafts 10,404 10,404
Other creditors 984 668
Taxation and social security 15,064 16,210
43,183 45,036
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 11,365
Bank loans 3,479 13,279
3,479 24,644
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 5,761
Later than one year and not later than five years - 11,365
- 17,126
- 17,126
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mrs Danielle Comber - 9,905 - - 9,905
The above loan is unsecured, interest free and repayable on demand.
Page 5