Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 4652720 Ms Pearl Brooke-Taylor Mr Bryan Way Ms Pearl Brooke-Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4652720 2024-01-31 4652720 2025-01-31 4652720 2024-02-01 2025-01-31 4652720 frs-core:CurrentFinancialInstruments 2025-01-31 4652720 frs-core:Non-currentFinancialInstruments 2025-01-31 4652720 frs-core:BetweenOneFiveYears 2025-01-31 4652720 frs-core:ComputerEquipment 2025-01-31 4652720 frs-core:ComputerEquipment 2024-02-01 2025-01-31 4652720 frs-core:ComputerEquipment 2024-01-31 4652720 frs-core:NetGoodwill 2025-01-31 4652720 frs-core:NetGoodwill 2024-02-01 2025-01-31 4652720 frs-core:NetGoodwill 2024-01-31 4652720 frs-core:MoreThanFiveYears 2025-01-31 4652720 frs-core:MotorVehicles 2025-01-31 4652720 frs-core:MotorVehicles 2024-02-01 2025-01-31 4652720 frs-core:MotorVehicles 2024-01-31 4652720 frs-core:WithinOneYear 2025-01-31 4652720 frs-core:ShareCapital 2025-01-31 4652720 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 4652720 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 4652720 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 4652720 frs-bus:SmallEntities 2024-02-01 2025-01-31 4652720 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 4652720 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 4652720 frs-bus:Director1 2024-02-01 2025-01-31 4652720 frs-bus:Director2 2024-02-01 2025-01-31 4652720 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 4652720 frs-countries:EnglandWales 2024-02-01 2025-01-31 4652720 2023-01-31 4652720 2024-01-31 4652720 2023-02-01 2024-01-31 4652720 frs-core:CurrentFinancialInstruments 2024-01-31 4652720 frs-core:Non-currentFinancialInstruments 2024-01-31 4652720 frs-core:BetweenOneFiveYears 2024-01-31 4652720 frs-core:MoreThanFiveYears 2024-01-31 4652720 frs-core:WithinOneYear 2024-01-31 4652720 frs-core:ShareCapital 2024-01-31 4652720 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 4652720
Vale Cars Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Rapid Accounts Limited
Unit 20 The Wincombe Centre
Wincombe Business Park
Shaftesbury
Dorset
SP7 9QJ
Vale Cars Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Vale Cars Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 4652720

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 4,000 |  | 5,000
Tangible Assets | 5 |  | 1,182,969 |  | 938,529
|  |  | 1,186,969 |  | 943,529
CURRENT ASSETS
Debtors | 6 | 79,972 |  | 123,011 |
Cash at bank and in hand |  | 57,779 |  | 64,035 |
|  | 137,751 |  | 187,046 |
Creditors: Amounts Falling Due Within One Year | 7 | (427,229 ) |  | (428,954 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (289,478 ) |  | (241,908 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 897,491 |  | 701,621
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (534,111 ) |  | (482,373 )
NET ASSETS |  |  | 363,380 |  | 219,248
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 363,280 |  | 219,148
SHAREHOLDERS' FUNDS |  |  | 363,380 |  | 219,248

Page 1
Page 2
Vale Cars Limited
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 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

Ms Pearl Brooke-Taylor Director
24/06/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Vale Cars Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Vale Cars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4652720 . The registered office is Unit 2 Gibbs Marsh Trading Estate, Stalbridge, Sturminster Newton, Dorset, DT10 2RY.
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 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. The policy has been reviewed in the current year, following a professional valuation of vehicles carried out as at 31 January 2023. This follows the acquisition of high value vehicles purchased during the corona virus lockdown considerably lower than retail value. Depreciation provided during 2023 has been amended to reflect this, on the following basis:

Motor Vehicles | 15% reducing balance basis
Plant & 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2024: 19)
17 19
Page 3
Page 4
Vale Cars Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 February 2024 | 10,000
As at 31 January 2025 | 10,000
Amortisation
As at 1 February 2024 | 5,000
Provided during the period | 1,000
As at 31 January 2025 | 6,000
Net Book Value
As at 31 January 2025 | 4,000
As at 1 February 2024 | 5,000

5. Tangible Assets

| Motor Vehicles | Plant & Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 February 2024 | 1,769,081 | 29,487 | 1,798,568
Additions | 456,350 | 17,548 | 473,898
Disposals | (273,830 ) | (20,910 ) | (294,740 )
As at 31 January 2025 | 1,951,601 | 26,125 | 1,977,726
Depreciation
As at 1 February 2024 | 833,492 | 26,547 | 860,039
Provided during the period | 161,993 | 899 | 162,892
Disposals | (207,492 ) | (20,682 ) | (228,174 )
As at 31 January 2025 | 787,993 | 6,764 | 794,757
Net Book Value
As at 31 January 2025 | 1,163,608 | 19,361 | 1,182,969
As at 1 February 2024 | 935,589 | 2,940 | 938,529

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 65,791 |  | 103,480
Prepayments and accrued income | 7,327 |  | 6,551
VAT | 6,854 |  | 8,348
Other taxes and social security | - |  | 4,632
| 79,972 |  | 123,011

Page 4
Page 5
Vale Cars Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 247,223 |  | 213,198
Trade creditors | 60,467 |  | 143,873
Bank loans and overdrafts | 44,351 |  | 41,952
Other taxes and social security | 20,306 |  | -
Other creditors | 8,476 |  | 73
Accruals and deferred income | 2,438 |  | 5,909
Directors' loan accounts | 13,371 |  | 1,689
Payments on account | 30,597 |  | 22,260
| 427,229 |  | 428,954

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 534,111 |  | 438,022
Bank loans | - |  | 44,351
| 534,111 |  | 482,373

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 247,223 |  | 213,198
Later than one year and not later than five years | 492,041 |  | 412,970
Later than five years | 42,070 |  | 25,052
| 781,334 |  | 651,220
| 781,334 |  | 651,220

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 5