Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 NI623568 Mr Sam Creith Mrs Susan Creith Mr John Creith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI623568 2024-03-31 NI623568 2025-03-31 NI623568 2024-04-01 2025-03-31 NI623568 frs-core:CurrentFinancialInstruments 2025-03-31 NI623568 frs-core:Non-currentFinancialInstruments 2025-03-31 NI623568 frs-core:NetGoodwill 2025-03-31 NI623568 frs-core:NetGoodwill 2024-04-01 2025-03-31 NI623568 frs-core:NetGoodwill 2024-03-31 NI623568 frs-core:PlantMachinery 2025-03-31 NI623568 frs-core:PlantMachinery 2024-04-01 2025-03-31 NI623568 frs-core:PlantMachinery 2024-03-31 NI623568 frs-core:ShareCapital 2025-03-31 NI623568 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI623568 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI623568 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 NI623568 frs-bus:SmallEntities 2024-04-01 2025-03-31 NI623568 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 NI623568 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI623568 frs-bus:Director1 2024-04-01 2025-03-31 NI623568 frs-bus:Director2 2024-04-01 2025-03-31 NI623568 frs-bus:Director3 2024-04-01 2025-03-31 NI623568 frs-countries:NorthernIreland 2024-04-01 2025-03-31 NI623568 2023-03-31 NI623568 2024-03-31 NI623568 2023-04-01 2024-03-31 NI623568 frs-core:CurrentFinancialInstruments 2024-03-31 NI623568 frs-core:Non-currentFinancialInstruments 2024-03-31 NI623568 frs-core:ShareCapital 2024-03-31 NI623568 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: NI623568
Sam Creith Motors Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
McMullan & Co
Chartered Management Accountants
5C High Street
Ballymoney
Antrim
BT53 6AH
Sam Creith Motors Limited
Contents
Contents

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

Page 1
Sam Creith Motors Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: NI623568

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | - |  | 29,167
Tangible Assets | 5 |  | 7,502 |  | 9,378
|  |  | 7,502 |  | 38,545
CURRENT ASSETS
Stocks |  | 738,571 |  | 841,202 |
Debtors | 6 | 45,806 |  | 127,043 |
Cash at bank and in hand |  | 1,843,366 |  | 1,319,692 |
|  | 2,627,743 |  | 2,287,937 |
Creditors: Amounts Falling Due Within One Year | 7 | (209,981 ) |  | (134,590 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,417,762 |  | 2,153,347
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,425,264 |  | 2,191,892
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (779,400 ) |  | (778,400 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 9 |  | (1,876 ) |  | (2,344 )
NET ASSETS |  |  | 1,643,988 |  | 1,411,148
CAPITAL AND RESERVES
Called up share capital | 10 |  | 2 |  | 2
Profit and Loss Account |  |  | 1,643,986 |  | 1,411,146
SHAREHOLDERS' FUNDS |  |  | 1,643,988 |  | 1,411,148

Page 1
Page 2
Sam Creith Motors Limited
Balance Sheet (continued)
As At 31 March 2025
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 Sam Creith Director
01/11/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Sam Creith Motors Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Sam Creith Motors Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI623568 . The registered office is 17 Market Street, Ballymoney, Antrim, BT53 6EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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.
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 ten 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 | 20% 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.
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 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.
Page 3
Page 4
Sam Creith Motors Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. 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: 6 (2024: 6)
6 6
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 April 2024 | 500,000
As at 31 March 2025 | 500,000
Amortisation
As at 1 April 2024 | 470,833
Provided during the period | 29,167
As at 31 March 2025 | 500,000
Net Book Value
As at 31 March 2025 | -
As at 1 April 2024 | 29,167

5. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 April 2024 | 39,217
As at 31 March 2025 | 39,217
Depreciation
As at 1 April 2024 | 29,839
Provided during the period | 1,876
As at 31 March 2025 | 31,715
Net Book Value
As at 31 March 2025 | 7,502
As at 1 April 2024 | 9,378

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 45,806 |  | 127,043

Page 4
Page 5
Sam Creith Motors Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 39,323 |  | 42,898
Corporation tax | 88,122 |  | 51,273
Other taxes and social security | 78,456 |  | 37,076
Other creditors | 4,080 |  | 3,343
| 209,981 |  | 134,590

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 779,400 |  | 778,400

9. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 1,876 |  | 2,344

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

Page 5