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 07829359 Mr Wayne Livesey Mr Damon Palmer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07829359 2023-12-31 07829359 2024-12-31 07829359 2024-01-01 2024-12-31 07829359 frs-core:CurrentFinancialInstruments 2024-12-31 07829359 frs-core:Non-currentFinancialInstruments 2024-12-31 07829359 frs-core:BetweenOneFiveYears 2024-12-31 07829359 frs-core:ComputerEquipment 2024-12-31 07829359 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07829359 frs-core:ComputerEquipment 2023-12-31 07829359 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 07829359 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07829359 frs-core:FurnitureFittings 2024-12-31 07829359 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07829359 frs-core:FurnitureFittings 2023-12-31 07829359 frs-core:NetGoodwill 2024-12-31 07829359 frs-core:NetGoodwill 2024-01-01 2024-12-31 07829359 frs-core:NetGoodwill 2023-12-31 07829359 frs-core:MotorVehicles 2024-12-31 07829359 frs-core:MotorVehicles 2024-01-01 2024-12-31 07829359 frs-core:MotorVehicles 2023-12-31 07829359 frs-core:PlantMachinery 2024-12-31 07829359 frs-core:PlantMachinery 2024-01-01 2024-12-31 07829359 frs-core:PlantMachinery 2023-12-31 07829359 frs-core:ShareCapital 2024-12-31 07829359 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07829359 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07829359 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07829359 frs-bus:SmallEntities 2024-01-01 2024-12-31 07829359 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07829359 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07829359 frs-bus:Director1 2024-01-01 2024-12-31 07829359 frs-bus:Director2 2024-01-01 2024-12-31 07829359 frs-countries:EnglandWales 2024-01-01 2024-12-31 07829359 2022-12-31 07829359 2023-12-31 07829359 2023-01-01 2023-12-31 07829359 frs-core:CurrentFinancialInstruments 2023-12-31 07829359 frs-core:Non-currentFinancialInstruments 2023-12-31 07829359 frs-core:BetweenOneFiveYears 2023-12-31 07829359 frs-core:ShareCapital 2023-12-31 07829359 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07829359
Signature Auto Care Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr Wayne Livesey
Mr Damon Palmer
Company Number 07829359
Registered Office 11A Clifton Business Park
Preston New Road
Clifton
Preston
PR4 0XP
Business 11A Clifton Business Park
Preston New Road
Clifton
Preston
PR4 0XP
Accountants Tarleton Accountancy Services Ltd
FMAAT
27 The Chimes
Tarleton
Preston
Lancashire
PR4 6WD
Mr Russell Leigh Resigned on the 01 October 2020.
Page 1
Page 2
Balance Sheet
Registered number: 07829359
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 59,435 57,406
59,435 57,406
CURRENT ASSETS
Stocks 6 5,836 5,836
Debtors 7 17,189 15,240
Cash at bank and in hand 6,640 19,678
29,665 40,754
Creditors: Amounts Falling Due Within One Year 8 (57,125 ) (51,237 )
NET CURRENT ASSETS (LIABILITIES) (27,460 ) (10,483 )
TOTAL ASSETS LESS CURRENT LIABILITIES 31,975 46,923
Creditors: Amounts Falling Due After More Than One Year 9 (20,124 ) (35,232 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,685 ) (9,119 )
NET ASSETS 3,166 2,572
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 3,066 2,472
SHAREHOLDERS' FUNDS 3,166 2,572
Page 2
Page 3
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
Mr Damon Palmer
Director
01/09/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Signature Auto Care Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07829359 . The registered office is 11A Clifton Business Park, Preston New Road, Clifton, Preston, PR4 0XP.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. 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 10% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33.33% Straight Line
2.6. 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.
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2.7. 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.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 1 January 2024 15,000 5,000 20,000
As at 31 December 2024 15,000 5,000 20,000
Amortisation
As at 1 January 2024 15,000 5,000 20,000
As at 31 December 2024 15,000 5,000 20,000
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 - - -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 103,718 10,300 9,378 6,419 129,815
Additions 4,800 1,750 3,717 - 10,267
As at 31 December 2024 108,518 12,050 13,095 6,419 140,082
Depreciation
As at 1 January 2024 55,200 4,024 7,267 5,918 72,409
Provided during the period 5,331 1,897 585 425 8,238
As at 31 December 2024 60,531 5,921 7,852 6,343 80,647
Net Book Value
As at 31 December 2024 47,987 6,129 5,243 76 59,435
As at 1 January 2024 48,518 6,276 2,111 501 57,406
6. Stocks
2024 2023
£ £
Materials 5,836 5,836
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,156 13,223
Prepayments and accrued income 1,033 2,017
17,189 15,240
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,608 21,974
Corporation tax 18,246 14,570
Other taxes and social security 1,443 759
VAT 10,329 3,935
Accruals and deferred income 1,200 1,200
Directors' loan accounts 3,299 8,799
57,125 51,237
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,151 8,023
Bank loans 15,973 27,209
20,124 35,232
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 4,151 8,023
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Damon Palmer 19,250 28,000
Mr Wayne Livesey 19,250 28,000
13. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 38,500 56,000
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