Acorah Software Products - Accounts Production 16.6.950 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 04636984 Mr Geoffrey Wooffitt Mr David Wooffitt Mr John Wooffitt Mr John Wooffitt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04636984 2024-02-29 04636984 2025-02-28 04636984 2024-03-01 2025-02-28 04636984 frs-core:CurrentFinancialInstruments 2025-02-28 04636984 frs-core:Non-currentFinancialInstruments 2025-02-28 04636984 frs-core:ComputerEquipment 2025-02-28 04636984 frs-core:ComputerEquipment 2024-03-01 2025-02-28 04636984 frs-core:ComputerEquipment 2024-02-29 04636984 frs-core:FurnitureFittings 2025-02-28 04636984 frs-core:FurnitureFittings 2024-03-01 2025-02-28 04636984 frs-core:FurnitureFittings 2024-02-29 04636984 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-28 04636984 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 04636984 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 04636984 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 04636984 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 04636984 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 04636984 frs-core:MotorVehicles 2025-02-28 04636984 frs-core:MotorVehicles 2024-03-01 2025-02-28 04636984 frs-core:MotorVehicles 2024-02-29 04636984 frs-core:PlantMachinery 2025-02-28 04636984 frs-core:PlantMachinery 2024-03-01 2025-02-28 04636984 frs-core:PlantMachinery 2024-02-29 04636984 frs-core:ShareCapital 2025-02-28 04636984 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 04636984 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 04636984 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 04636984 frs-bus:SmallEntities 2024-03-01 2025-02-28 04636984 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 04636984 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 04636984 frs-bus:Director1 2024-03-01 2025-02-28 04636984 frs-bus:Director2 2024-03-01 2025-02-28 04636984 frs-bus:Director3 2024-03-01 2025-02-28 04636984 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 04636984 frs-countries:EnglandWales 2024-03-01 2025-02-28 04636984 2023-02-28 04636984 2024-02-29 04636984 2023-03-01 2024-02-29 04636984 frs-core:CurrentFinancialInstruments 2024-02-29 04636984 frs-core:Non-currentFinancialInstruments 2024-02-29 04636984 frs-core:ShareCapital 2024-02-29 04636984 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 04636984
Fairlight Vehicles Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04636984
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 406,726 447,958
406,726 447,958
CURRENT ASSETS
Stocks 5 116,500 105,750
Debtors 6 77,465 94,025
Cash at bank and in hand 17,747 24,970
211,712 224,745
Creditors: Amounts Falling Due Within One Year 7 (426,002 ) (458,652 )
NET CURRENT ASSETS (LIABILITIES) (214,290 ) (233,907 )
TOTAL ASSETS LESS CURRENT LIABILITIES 192,436 214,051
Creditors: Amounts Falling Due After More Than One Year 8 (3,153 ) (8,346 )
NET ASSETS 189,283 205,705
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 189,183 205,605
SHAREHOLDERS' FUNDS 189,283 205,705
Page 1
Page 2
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 Geoffrey Wooffitt
Director
29/11/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fairlight Vehicles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04636984 . The registered office is 1007 London Road, Leigh-On-Sea, Essex, SS9 3JY.
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. 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:
Freehold 5% on cost
Leasehold 10% on cost
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 10)
9 10
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 March 2024 109,917 20,000 199,810 480,933
Additions - - 53,500 26,672
As at 28 February 2025 109,917 20,000 253,310 507,605
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2024 38,716 19,000 137,779 175,764
Provided during the period 10,992 1,000 28,883 82,960
As at 28 February 2025 49,708 20,000 166,662 258,724
Net Book Value
As at 28 February 2025 60,209 - 86,648 248,881
As at 1 March 2024 71,201 1,000 62,031 305,169
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 20,605 5,036 836,301
Additions - 6,094 86,266
As at 28 February 2025 20,605 11,130 922,567
Depreciation
As at 1 March 2024 12,181 4,903 388,343
Provided during the period 2,106 1,557 127,498
As at 28 February 2025 14,287 6,460 515,841
Net Book Value
As at 28 February 2025 6,318 4,670 406,726
As at 1 March 2024 8,424 133 447,958
5. Stocks
2025 2024
£ £
Stock 101,500 105,750
Materials (Closing Stock) 15,000 -
116,500 105,750
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 63,126 86,422
Other debtors 14,339 7,603
77,465 94,025
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 9,654 12,172
Other creditors 377,645 413,041
Taxation and social security 38,703 33,439
426,002 458,652
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 3,153 8,346
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5