Acorah Software Products - Accounts Production 16.6.950 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 02005904 Mr James Frost Mr Richard Frost Mr James Frost iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02005904 2024-04-30 02005904 2025-04-30 02005904 2024-05-01 2025-04-30 02005904 frs-core:CurrentFinancialInstruments 2025-04-30 02005904 frs-core:Non-currentFinancialInstruments 2025-04-30 02005904 frs-core:BetweenOneFiveYears 2025-04-30 02005904 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-01 2025-04-30 02005904 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-30 02005904 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 02005904 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 02005904 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-30 02005904 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 02005904 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 02005904 frs-core:MoreThanFiveYears 2025-04-30 02005904 frs-core:MotorVehicles 2025-04-30 02005904 frs-core:MotorVehicles 2024-05-01 2025-04-30 02005904 frs-core:MotorVehicles 2024-04-30 02005904 frs-core:OtherResidualIntangibleAssets 2025-04-30 02005904 frs-core:OtherResidualIntangibleAssets 2024-05-01 2025-04-30 02005904 frs-core:OtherResidualIntangibleAssets 2024-04-30 02005904 frs-core:PlantMachinery 2025-04-30 02005904 frs-core:PlantMachinery 2024-05-01 2025-04-30 02005904 frs-core:PlantMachinery 2024-04-30 02005904 frs-core:WithinOneYear 2025-04-30 02005904 frs-core:RevaluationReserve 2024-05-01 2025-04-30 02005904 frs-core:RevaluationReserve 2024-04-30 02005904 frs-core:RevaluationReserve 2025-04-30 02005904 frs-core:ShareCapital 2025-04-30 02005904 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 02005904 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 02005904 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 02005904 frs-bus:SmallEntities 2024-05-01 2025-04-30 02005904 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 02005904 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 02005904 frs-core:CostValuation 2024-04-30 02005904 frs-core:CostValuation 2025-04-30 02005904 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 02005904 frs-core:ProvisionsForImpairmentInvestments 2025-04-30 02005904 frs-bus:Director1 2024-05-01 2025-04-30 02005904 frs-bus:Director2 2024-05-01 2025-04-30 02005904 frs-bus:CompanySecretary1 2024-05-01 2025-04-30 02005904 frs-countries:EnglandWales 2024-05-01 2025-04-30 02005904 2023-04-30 02005904 2024-04-30 02005904 2023-05-01 2024-04-30 02005904 frs-core:CurrentFinancialInstruments 2024-04-30 02005904 frs-core:Non-currentFinancialInstruments 2024-04-30 02005904 frs-core:BetweenOneFiveYears 2024-04-30 02005904 frs-core:MoreThanFiveYears 2024-04-30 02005904 frs-core:WithinOneYear 2024-04-30 02005904 frs-core:RevaluationReserve 2024-04-30 02005904 frs-core:ShareCapital 2024-04-30 02005904 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 02005904
Commercial Vehicle Sales (Tottenham) Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
striveX Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02005904
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,200 -
Tangible Assets 5 2,040,271 1,640,822
Investments 6 1,851,607 1,851,607
3,895,078 3,492,429
CURRENT ASSETS
Stocks 7 159,000 305,200
Debtors 8 376,435 281,987
Cash at bank and in hand 90,788 190,624
626,223 777,811
Creditors: Amounts Falling Due Within One Year 9 (627,916 ) (513,825 )
NET CURRENT ASSETS (LIABILITIES) (1,693 ) 263,986
TOTAL ASSETS LESS CURRENT LIABILITIES 3,893,385 3,756,415
Creditors: Amounts Falling Due After More Than One Year 10 (729,074 ) (770,198 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 12 (460,418 ) (280,669 )
NET ASSETS 2,703,893 2,705,548
CAPITAL AND RESERVES
Called up share capital 13 102 102
Revaluation reserve 15 487,622 303,405
Profit and Loss Account 2,216,169 2,402,041
SHAREHOLDERS' FUNDS 2,703,893 2,705,548
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For the year ending 30 April 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 James Frost
Director
26/08/2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Commercial Vehicle Sales (Tottenham) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02005904 . The registered office is 72 White Hart Lane, London, N17 8HP.
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. 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 - Other Intangible
Other intangible assets relate to computer software, and is amortised to the 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:
Freehold 6.67% Straight line
Leasehold 4% Straight line
Plant & Machinery 10% Straight line
Motor Vehicles 20% Straight line
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 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Preparation of consolidated financial statements
The financial statements contain information about Commercial Vehicle Sales (Tottenham) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
2.10. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 10)
11 10
4. Intangible Assets
Other
£
Cost
As at 1 May 2024 -
Transfers 4,000
As at 30 April 2025 4,000
Amortisation
As at 1 May 2024 -
Provided during the period 400
Transfers 400
As at 30 April 2025 800
Net Book Value
As at 30 April 2025 3,200
As at 1 May 2024 -
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5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost or Valuation
As at 1 May 2024 130,889 420,000 68,197 1,827,658 2,446,744
Additions - - 419 714,905 715,324
Disposals - - (9,982 ) (440,094 ) (450,076 )
Revaluation - 343,600 - - 343,600
Transfers - - (4,000 ) - (4,000 )
As at 30 April 2025 130,889 763,600 54,634 2,102,469 3,051,592
Depreciation
As at 1 May 2024 17,461 16,800 18,091 753,570 805,922
Provided during the period 8,726 16,800 4,073 420,494 450,093
Disposals - - (3,793 ) (240,501 ) (244,294 )
Transfers - - (400 ) - (400 )
As at 30 April 2025 26,187 33,600 17,971 933,563 1,011,321
Net Book Value
As at 30 April 2025 104,702 730,000 36,663 1,168,906 2,040,271
As at 1 May 2024 113,428 403,200 50,106 1,074,088 1,640,822
Cost or valuation as at 30 April 2025 represented by:
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £ £
At cost 130,889 33,600 54,634 2,102,469 2,321,592
At valuation - 730,000 - - 730,000
130,889 763,600 54,634 2,102,469 3,051,592
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 May 2024 1,851,607
As at 30 April 2025 1,851,607
Provision
As at 1 May 2024 -
As at 30 April 2025 -
Net Book Value
As at 30 April 2025 1,851,607
As at 1 May 2024 1,851,607
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7. Stocks
2025 2024
£ £
Stock 159,000 305,200
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 26,248 17,416
Amounts owed by group undertakings 314,801 194,679
Other debtors 35,386 69,892
376,435 281,987
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 409,321 313,262
Trade creditors 52,790 12,247
Bank loans and overdrafts 669 -
Other creditors 155,489 115,800
Taxation and social security 9,647 72,516
627,916 513,825
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 729,074 770,198
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 409,321 313,262
Later than one year and not later than five years 729,074 770,198
1,138,395 1,083,460
1,138,395 1,083,460
12. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 460,418 280,669
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13. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 102 102
14. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 33,500 33,500
Later than one year and not later than five years 134,000 134,000
Later than five years 108,875 142,375
276,375 309,875
15. Reserves
Revaluation Reserve
£
As at 1 May 2024 303,405
Surplus on revaluation 184,217
As at 30 April 2025 487,622
16. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 33.1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with entities which are wholly owned within the group that the Company belongs to. 
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