Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03744368 Mrs Maria Tierney Mr Shaun Tierney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03744368 2023-12-31 03744368 2024-12-31 03744368 2024-01-01 2024-12-31 03744368 frs-core:CurrentFinancialInstruments 2024-12-31 03744368 frs-core:Non-currentFinancialInstruments 2024-12-31 03744368 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 03744368 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03744368 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 03744368 frs-core:MotorVehicles 2024-12-31 03744368 frs-core:MotorVehicles 2024-01-01 2024-12-31 03744368 frs-core:MotorVehicles 2023-12-31 03744368 frs-core:PlantMachinery 2024-12-31 03744368 frs-core:PlantMachinery 2024-01-01 2024-12-31 03744368 frs-core:PlantMachinery 2023-12-31 03744368 frs-core:ShareCapital 2024-12-31 03744368 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03744368 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03744368 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03744368 frs-bus:SmallEntities 2024-01-01 2024-12-31 03744368 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03744368 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03744368 frs-bus:Director1 2024-01-01 2024-12-31 03744368 frs-bus:Director2 2024-01-01 2024-12-31 03744368 frs-countries:EnglandWales 2024-01-01 2024-12-31 03744368 2022-12-31 03744368 2023-12-31 03744368 2023-01-01 2023-12-31 03744368 frs-core:CurrentFinancialInstruments 2023-12-31 03744368 frs-core:Non-currentFinancialInstruments 2023-12-31 03744368 frs-core:WithinOneYear 2023-12-31 03744368 frs-core:ShareCapital 2023-12-31 03744368 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03744368
ST Cars Leeds Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 03744368
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 410,246 605,816
410,246 605,816
CURRENT ASSETS
Stocks 59,367 110,899
Debtors 5 119,689 115,257
Cash at bank and in hand 29,619 37,966
208,675 264,122
Creditors: Amounts Falling Due Within One Year 6 (138,621 ) (222,422 )
NET CURRENT ASSETS (LIABILITIES) 70,054 41,700
TOTAL ASSETS LESS CURRENT LIABILITIES 480,300 647,516
Creditors: Amounts Falling Due After More Than One Year 7 (563,153 ) (654,152 )
NET LIABILITIES (82,853 ) (6,636 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement (82,953 ) (6,736 )
SHAREHOLDERS' FUNDS (82,853) (6,636)
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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 Income Statement.
On behalf of the board
Mr Shaun Tierney
Director
29 September 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
ST Cars Leeds Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03744368 . The registered office is The Old Cricket Ground Pontefract Lane, Leeds, LS9 0PT. 
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. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern asumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue. The board is committed to the success of the company in the following twelve months, and where necessary will endeavour to support the company with all means at their disposal to ensure its continuity.  Therefore the directors still believe it is appropriate to prepare the accounts on a going concern basis.
2.3. 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.

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 Not Provided
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
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 income statement 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 income statement as incurred.
2.6. Stocks and Work in Progress
Stock of cars for resale are valued at the lower of cost and net realisable value after making allowances for any scrapped cars. 
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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 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: 4 (2023: 6)
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2024 15,078 50,786 1,081,397 1,147,261
Additions - 600 37,949 38,549
Disposals - (150 ) (134,399 ) (134,549 )
As at 31 December 2024 15,078 51,236 984,947 1,051,261
Depreciation
As at 1 January 2024 - 27,108 514,337 541,445
Provided during the period - 3,648 125,013 128,661
Disposals - (8 ) (29,083 ) (29,091 )
As at 31 December 2024 - 30,748 610,267 641,015
Net Book Value
As at 31 December 2024 15,078 20,488 374,680 410,246
As at 1 January 2024 15,078 23,678 567,060 605,816
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,431 -
Other debtors 110,258 115,257
119,689 115,257
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 65,981 70,597
Trade creditors 38,601 131,062
Bank loans and overdrafts 10,000 10,000
Other creditors 501 3,628
Taxation and social security 23,538 7,135
138,621 222,422
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 66,023
Bank loans 4,198 14,220
Amounts owed to participating interests 238,746 231,356
Other creditors 320,209 342,553
563,153 654,152
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The hire purchase contracts are secured over the assets to which they relate.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 65,981 148,518
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 14,500
- 14,500
11. Exceptional Items
Exceptional items includes the writing off of a £6,539 trade loan with a participator company.
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