Acorah Software Products - Accounts Production 16.6.920 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 12060793 Mr D Bremner Mrs L Bremner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12060793 2024-03-31 12060793 2025-03-31 12060793 2024-04-01 2025-03-31 12060793 frs-core:CurrentFinancialInstruments 2025-03-31 12060793 frs-core:Non-currentFinancialInstruments 2025-03-31 12060793 frs-core:NetGoodwill 2025-03-31 12060793 frs-core:NetGoodwill 2024-04-01 2025-03-31 12060793 frs-core:NetGoodwill 2024-03-31 12060793 frs-core:MotorVehicles 2025-03-31 12060793 frs-core:MotorVehicles 2024-04-01 2025-03-31 12060793 frs-core:MotorVehicles 2024-03-31 12060793 frs-core:PlantMachinery 2025-03-31 12060793 frs-core:PlantMachinery 2024-04-01 2025-03-31 12060793 frs-core:PlantMachinery 2024-03-31 12060793 frs-core:WithinOneYear 2025-03-31 12060793 frs-core:ShareCapital 2025-03-31 12060793 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 12060793 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12060793 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 12060793 frs-bus:SmallEntities 2024-04-01 2025-03-31 12060793 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12060793 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12060793 frs-bus:Director1 2024-04-01 2025-03-31 12060793 frs-bus:Director2 2024-04-01 2025-03-31 12060793 frs-countries:EnglandWales 2024-04-01 2025-03-31 12060793 2023-03-31 12060793 2024-03-31 12060793 2023-04-01 2024-03-31 12060793 frs-core:CurrentFinancialInstruments 2024-03-31 12060793 frs-core:Non-currentFinancialInstruments 2024-03-31 12060793 frs-core:BetweenOneFiveYears 2024-03-31 12060793 frs-core:WithinOneYear 2024-03-31 12060793 frs-core:ShareCapital 2024-03-31 12060793 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 12060793
Broadway Liveries Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12060793
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,000 14,400
Tangible Assets 5 51,152 60,179
63,152 74,579
CURRENT ASSETS
Stocks 6 19,100 42,650
Debtors 7 5,644 196
Cash at bank and in hand 1,928 1,710
26,672 44,556
Creditors: Amounts Falling Due Within One Year 8 (7,253 ) (34,241 )
NET CURRENT ASSETS (LIABILITIES) 19,419 10,315
TOTAL ASSETS LESS CURRENT LIABILITIES 82,571 84,894
Creditors: Amounts Falling Due After More Than One Year 9 (74,110 ) (74,768 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,319 ) (9,727 )
NET ASSETS 142 399
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 42 299
SHAREHOLDERS' FUNDS 142 399
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Page 2
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 D Bremner
Director
29 August 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Broadway Liveries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12060793 . The registered office is Stable Cottage, Cheltenham Road, Broadway, WR12 7LX.
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.
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 from 1 April 2020 onwards.
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:
Equipment 15% on reducing balance
Lorry 15% 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 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.
2.6. 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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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 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 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: 3 (2024: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 24,000
As at 31 March 2025 24,000
Amortisation
As at 1 April 2024 9,600
Provided during the period 2,400
As at 31 March 2025 12,000
Net Book Value
As at 31 March 2025 12,000
As at 1 April 2024 14,400
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5. Tangible Assets
Equipment Lorry Total
£ £ £
Cost
As at 1 April 2024 63,273 40,000 103,273
As at 31 March 2025 63,273 40,000 103,273
Depreciation
As at 1 April 2024 21,319 21,775 43,094
Provided during the period 6,293 2,734 9,027
As at 31 March 2025 27,612 24,509 52,121
Net Book Value
As at 31 March 2025 35,661 15,491 51,152
As at 1 April 2024 41,954 18,225 60,179
6. Stocks
2025 2024
£ £
Horses at valuation 18,500 42,200
Hay and feed 600 450
19,100 42,650
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,791 196
Other taxes and social security 853 -
5,644 196
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 694 1,842
Trade creditors 4,119 4,911
Corporation tax 2,239 1,565
Directors' loan accounts 201 25,923
7,253 34,241
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 658
Other loans 4,110 4,110
Directors loan account 70,000 70,000
74,110 74,768
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 694 1,842
Later than one year and not later than five years - 658
694 2,500
694 2,500
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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