Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09402542 Mr Ian Crook Mr James Chillcott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09402542 2024-03-31 09402542 2025-03-31 09402542 2024-04-01 2025-03-31 09402542 frs-core:CurrentFinancialInstruments 2025-03-31 09402542 frs-core:Non-currentFinancialInstruments 2025-03-31 09402542 frs-core:BetweenOneFiveYears 2025-03-31 09402542 frs-core:ComputerEquipment 2025-03-31 09402542 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09402542 frs-core:ComputerEquipment 2024-03-31 09402542 frs-core:FurnitureFittings 2025-03-31 09402542 frs-core:FurnitureFittings 2024-04-01 2025-03-31 09402542 frs-core:FurnitureFittings 2024-03-31 09402542 frs-core:NetGoodwill 2025-03-31 09402542 frs-core:NetGoodwill 2024-04-01 2025-03-31 09402542 frs-core:NetGoodwill 2024-03-31 09402542 frs-core:MotorVehicles 2025-03-31 09402542 frs-core:MotorVehicles 2024-04-01 2025-03-31 09402542 frs-core:MotorVehicles 2024-03-31 09402542 frs-core:PlantMachinery 2025-03-31 09402542 frs-core:PlantMachinery 2024-04-01 2025-03-31 09402542 frs-core:PlantMachinery 2024-03-31 09402542 frs-core:WithinOneYear 2025-03-31 09402542 frs-core:ShareCapital 2025-03-31 09402542 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09402542 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09402542 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09402542 frs-bus:SmallEntities 2024-04-01 2025-03-31 09402542 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09402542 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09402542 frs-bus:Director1 2024-04-01 2025-03-31 09402542 frs-bus:Director2 2024-04-01 2025-03-31 09402542 frs-countries:EnglandWales 2024-04-01 2025-03-31 09402542 2023-03-31 09402542 2024-03-31 09402542 2023-04-01 2024-03-31 09402542 frs-core:CurrentFinancialInstruments 2024-03-31 09402542 frs-core:Non-currentFinancialInstruments 2024-03-31 09402542 frs-core:BetweenOneFiveYears 2024-03-31 09402542 frs-core:WithinOneYear 2024-03-31 09402542 frs-core:ShareCapital 2024-03-31 09402542 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09402542
i c Fleet Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09402542
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,760 5,440
Tangible Assets 5 123,492 59,075
128,252 64,515
CURRENT ASSETS
Stocks 6 19,528 5,610
Debtors 7 262,746 266,218
Cash at bank and in hand 84,828 133,773
367,102 405,601
Creditors: Amounts Falling Due Within One Year 8 (152,333 ) (210,993 )
NET CURRENT ASSETS (LIABILITIES) 214,769 194,608
TOTAL ASSETS LESS CURRENT LIABILITIES 343,021 259,123
Creditors: Amounts Falling Due After More Than One Year 9 (50,167 ) (1,285 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,350 ) (5,702 )
NET ASSETS 270,504 252,136
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 270,404 252,036
SHAREHOLDERS' FUNDS 270,504 252,136
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For the year ending 31 March 2025 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 Ian Crook
Director
1 September 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
i c Fleet Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09402542 . The registered office is Unit 7 Unity Court , Keynsham , Bristol , BS31 1FU.
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.
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 profit and loss account over its estimated economic life of 10 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:
Plant & Machinery 25%, reducing balance basis
Motor Vehicles 25%, reducing balance basis
Fixtures & Fittings 25%, reducing balance basis
Computer Equipment 25%, reducing balance basis
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.
2.6. 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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2.7. 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: 10 (2024: 10)
10 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 6,800
As at 31 March 2025 6,800
Amortisation
As at 1 April 2024 1,360
Provided during the period 680
As at 31 March 2025 2,040
Net Book Value
As at 31 March 2025 4,760
As at 1 April 2024 5,440
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 77,305 88,118 6,887 3,194 175,504
Additions - 105,000 - - 105,000
Disposals - (4,167 ) - - (4,167 )
As at 31 March 2025 77,305 188,951 6,887 3,194 276,337
...CONTINUED
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Page 5
Depreciation
As at 1 April 2024 68,942 39,607 6,117 1,763 116,429
Provided during the period 2,091 35,842 192 358 38,483
Disposals - (2,067 ) - - (2,067 )
As at 31 March 2025 71,033 73,382 6,309 2,121 152,845
Net Book Value
As at 31 March 2025 6,272 115,569 578 1,073 123,492
As at 1 April 2024 8,363 48,511 770 1,431 59,075
6. Stocks
2025 2024
£ £
Stock 19,528 5,610
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 154,138 216,832
Amounts owed by participating interests 48,521 -
Other debtors 60,087 49,386
262,746 266,218
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 24,885 6,975
Trade creditors 69,192 106,015
Amounts owed to group undertakings - 3,747
Other creditors 42,193 40,207
Taxation and social security 16,063 54,049
152,333 210,993
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 50,167 1,285
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 24,885 6,975
Later than one year and not later than five years 50,167 1,285
75,052 8,260
75,052 8,260
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11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Ian Crook 11,500 10,500
Mr James Chillcott 11,500 10,500
13. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 23,000 21,000
14. Related Party Transactions
Including in Note 7 to the accounts is an amount owed by IC Express Limited, a company owned and controlled by Mr Ian Crook.
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