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 NI685368 Mr Nigel Garvin Mr Andrew Garvin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI685368 2024-01-31 NI685368 2025-01-31 NI685368 2024-02-01 2025-01-31 NI685368 frs-core:CurrentFinancialInstruments 2025-01-31 NI685368 frs-core:Non-currentFinancialInstruments 2025-01-31 NI685368 frs-core:ComputerEquipment 2025-01-31 NI685368 frs-core:ComputerEquipment 2024-02-01 2025-01-31 NI685368 frs-core:ComputerEquipment 2024-01-31 NI685368 frs-core:FurnitureFittings 2024-02-01 2025-01-31 NI685368 frs-core:NetGoodwill 2025-01-31 NI685368 frs-core:NetGoodwill 2024-02-01 2025-01-31 NI685368 frs-core:NetGoodwill 2024-01-31 NI685368 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-31 NI685368 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 NI685368 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 NI685368 frs-core:MotorVehicles 2024-02-01 2025-01-31 NI685368 frs-core:PlantMachinery 2025-01-31 NI685368 frs-core:PlantMachinery 2024-02-01 2025-01-31 NI685368 frs-core:PlantMachinery 2024-01-31 NI685368 frs-core:ShareCapital 2025-01-31 NI685368 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 NI685368 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 NI685368 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 NI685368 frs-bus:SmallEntities 2024-02-01 2025-01-31 NI685368 frs-bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 NI685368 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 NI685368 frs-bus:Director1 2024-02-01 2025-01-31 NI685368 frs-bus:Director2 2024-02-01 2025-01-31 NI685368 frs-countries:NorthernIreland 2024-02-01 2025-01-31 NI685368 2023-01-31 NI685368 2024-01-31 NI685368 2023-02-01 2024-01-31 NI685368 frs-core:CurrentFinancialInstruments 2024-01-31 NI685368 frs-core:Non-currentFinancialInstruments 2024-01-31 NI685368 frs-core:ShareCapital 2024-01-31 NI685368 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: NI685368
Nitec Auto Repairs Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
42a-44a New Row
Coleraine
BT52 1AF
Nitec Auto Repairs Ltd
Contents
Contents

| Page
--- | ---
Accountants' Report | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—7

Page 1
Nitec Auto Repairs Ltd
Accountants' Report
For The Year Ended 31 January 2025
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Nitec Auto Repairs Ltd for the year ended 31 January 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nitec Auto Repairs Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Nitec Auto Repairs Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Nitec Auto Repairs Ltd and state those matters that we have agreed to state to the directors of Nitec Auto Repairs Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nitec Auto Repairs Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Nitec Auto Repairs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Nitec Auto Repairs Ltd . You consider that Nitec Auto Repairs Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Nitec Auto Repairs Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

22/10/2025

MKP Accountants Ltd
Chartered Certified Accountants
42a-44a New Row
Coleraine
BT52 1AF
Page 1
Page 2
Nitec Auto Repairs Ltd
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: NI685368

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 210,000 |  | 240,000
Tangible Assets | 5 |  | 92,258 |  | 78,635
|  |  | 302,258 |  | 318,635
CURRENT ASSETS
Stocks | 6 | 146,676 |  | 119,476 |
Debtors | 7 | 14,277 |  | 14,169 |
Cash at bank and in hand |  | 375,045 |  | 310,019 |
|  | 535,998 |  | 443,664 |
Creditors: Amounts Falling Due Within One Year | 8 | (193,486 ) |  | (206,333 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 342,512 |  | 237,331
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 644,770 |  | 555,966
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (416,237 ) |  | (416,237 )
NET ASSETS |  |  | 228,533 |  | 139,729
CAPITAL AND RESERVES
Called up share capital | 10 |  | 10 |  | 10
Profit and Loss Account |  |  | 228,523 |  | 139,719
SHAREHOLDERS' FUNDS |  |  | 228,533 |  | 139,729

Page 2
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Nitec Auto Repairs Ltd
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

Mr Nigel Garvin Director
22/10/2025

The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Nitec Auto Repairs Ltd
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Nitec Auto Repairs Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI685368 . The registered office is 127a Killeague Road, Blackhill, Coleraine, BT51 4HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
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 on the following bases:

Leasehold | 2% Straight Line
Plant & Machinery | 15% Reducing Balance
Motor Vehicles | 15% Reducing Balance
Fixtures & Fittings | 15% Reducing Balance
Computer Equipment | 33% Straight Line

2.5. 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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Nitec Auto Repairs Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.6. 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: 11 (2024: 11)
11 11
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 February 2024 | 300,000
As at 31 January 2025 | 300,000
Amortisation
As at 1 February 2024 | 60,000
Provided during the period | 30,000
As at 31 January 2025 | 90,000
Net Book Value
As at 31 January 2025 | 210,000
As at 1 February 2024 | 240,000

Page 5
Page 6
Nitec Auto Repairs Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Computer Equipment | Total
| £ | £ | £ | £
Cost
As at 1 February 2024 | 80,037 | 883 | 1,804 | 82,724
Additions | 14,000 | - | 3,198 | 17,198
As at 31 January 2025 | 94,037 | 883 | 5,002 | 99,922
Depreciation
As at 1 February 2024 | 3,170 | 181 | 738 | 4,089
Provided during the period | 1,817 | 105 | 1,653 | 3,575
As at 31 January 2025 | 4,987 | 286 | 2,391 | 7,664
Net Book Value
As at 31 January 2025 | 89,050 | 597 | 2,611 | 92,258
As at 1 February 2024 | 76,867 | 702 | 1,066 | 78,635

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 146,676 |  | 119,476

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 10,208 |  | 10,696
Prepayments and accrued income | 4,069 |  | 3,473
| 14,277 |  | 14,169

Page 6
Page 7
Nitec Auto Repairs Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 47,969 |  | 53,557
Corporation tax | 49,885 |  | 46,042
Other taxes and social security | 2,979 |  | 2,952
VAT | 28,979 |  | 30,747
Other creditors | 2,401 |  | 2,171
Accruals and deferred income | 4,000 |  | 4,500
Directors' loan accounts | 57,273 |  | 66,364
| 193,486 |  | 206,333

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Redeemable Preference Shares | 416,237 |  | 416,237

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10 |  | 10

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