Acorah Software Products - Accounts Production 16.5.460 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 10013263 Mr James Marotto Mr Ian Settle the director's true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10013263 2024-02-29 10013263 2025-02-28 10013263 2024-03-01 2025-02-28 10013263 frs-core:CurrentFinancialInstruments 2025-02-28 10013263 frs-core:Non-currentFinancialInstruments 2025-02-28 10013263 frs-core:MotorVehicles 2025-02-28 10013263 frs-core:MotorVehicles 2024-03-01 2025-02-28 10013263 frs-core:MotorVehicles 2024-02-29 10013263 frs-core:PlantMachinery 2025-02-28 10013263 frs-core:PlantMachinery 2024-03-01 2025-02-28 10013263 frs-core:PlantMachinery 2024-02-29 10013263 frs-core:ShareCapital 2025-02-28 10013263 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10013263 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10013263 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 10013263 frs-bus:SmallEntities 2024-03-01 2025-02-28 10013263 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 10013263 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10013263 1 2024-03-01 2025-02-28 10013263 frs-bus:Director1 2024-03-01 2025-02-28 10013263 frs-bus:Director2 2024-03-01 2025-02-28 10013263 1 2024-03-01 2025-02-28 10013263 frs-countries:EnglandWales 2024-03-01 2025-02-28 10013263 2023-02-28 10013263 2024-02-29 10013263 2023-03-01 2024-02-29 10013263 frs-core:CurrentFinancialInstruments 2024-02-29 10013263 frs-core:Non-currentFinancialInstruments 2024-02-29 10013263 frs-core:ShareCapital 2024-02-29 10013263 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10013263 1 2023-03-01 2024-02-29
Registered number: 10013263
Calcot Cars Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Richardsons
Chartered Accountants
99 London Street
Reading
RG1 4QA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10013263
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,276 10,344
8,276 10,344
CURRENT ASSETS
Stocks 5 45,542 43,272
Debtors 6 863 863
Cash at bank and in hand 30,533 38,481
76,938 82,616
Creditors: Amounts Falling Due Within One Year 7 (46,345 ) (34,959 )
NET CURRENT ASSETS (LIABILITIES) 30,593 47,657
TOTAL ASSETS LESS CURRENT LIABILITIES 38,869 58,001
Creditors: Amounts Falling Due After More Than One Year 8 (34,374 ) (38,859 )
NET ASSETS 4,495 19,142
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 4,395 19,042
SHAREHOLDERS' FUNDS 4,495 19,142
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For the year ending 28 February 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 Settle
Director
9th October 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Calcot Cars Limited Registered number 10013263 is a limited by shares company incorporated in England & Wales. The Registered Office is 18 Portman Road, Reading, Berkshire, RG30 1EA.
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 comprises the invoiced value of motor vehicles sold and vehicle repair and mainteneance services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% reducing balance
Motor Vehicles 20% reducing balance
2.4. Stocks and Work in Progress
Stocks valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Excluded from stocks are vehicles that the company has contracted to buy but is not required to pay for until sold. All of these vehicles are expected to sell for more than their purchase price.
2.5. 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.
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2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 1
Sales, marketing and distribution 1 1
Mechanics 4 4
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2024 32,225 10,000 42,225
As at 28 February 2025 32,225 10,000 42,225
Depreciation
As at 1 March 2024 23,665 8,216 31,881
Provided during the period 1,712 356 2,068
As at 28 February 2025 25,377 8,572 33,949
Net Book Value
As at 28 February 2025 6,848 1,428 8,276
As at 1 March 2024 8,560 1,784 10,344
5. Stocks
2025 2024
£ £
Stock 45,542 43,272
6. Debtors
2025 2024
£ £
Due within one year
Directors' loan accounts 863 863
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 17,059 14,579
Corporation tax 11,069 10,880
Other taxes and social security 4,405 -
VAT 13,147 9,347
Other creditors 637 -
Directors' loan accounts 28 153
46,345 34,959
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 34,374 38,859
The company has taken out a Covid 19 loan repayable over a period of 10 years. Interest is charged at the bank base rate plus 2.5%. The loan is unsecured.
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is the director's by virtue of their ownership of 100% of the issued share capital in the company.
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