Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04094201 Mr A F Wells Mrs C Wells Mrs C Wells iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04094201 2024-03-31 04094201 2025-03-31 04094201 2024-04-01 2025-03-31 04094201 frs-core:CurrentFinancialInstruments 2025-03-31 04094201 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04094201 frs-core:LandBuildings 2025-03-31 04094201 frs-core:LandBuildings 2024-04-01 2025-03-31 04094201 frs-core:LandBuildings 2024-03-31 04094201 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 04094201 frs-core:MotorVehicles 2024-04-01 2025-03-31 04094201 frs-core:PlantMachinery 2025-03-31 04094201 frs-core:PlantMachinery 2024-04-01 2025-03-31 04094201 frs-core:PlantMachinery 2024-03-31 04094201 frs-core:ShareCapital 2025-03-31 04094201 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04094201 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04094201 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04094201 frs-bus:SmallEntities 2024-04-01 2025-03-31 04094201 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04094201 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04094201 frs-core:CostValuation 2024-03-31 04094201 frs-core:CostValuation 2025-03-31 04094201 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 04094201 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 04094201 frs-bus:Director1 2024-04-01 2025-03-31 04094201 frs-bus:Director2 2024-04-01 2025-03-31 04094201 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04094201 frs-countries:EnglandWales 2024-04-01 2025-03-31 04094201 2023-03-31 04094201 2024-03-31 04094201 2023-04-01 2024-03-31 04094201 frs-core:CurrentFinancialInstruments 2024-03-31 04094201 frs-core:ShareCapital 2024-03-31 04094201 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04094201
Continental Direct UK 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: 04094201
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 586,539 514,177
Investments 5 1,000 1,000
587,539 515,177
CURRENT ASSETS
Stocks 6 2,050,004 1,981,937
Debtors 7 1,294,541 1,083,551
Cash at bank and in hand 259,790 535,048
3,604,335 3,600,536
Creditors: Amounts Falling Due Within One Year 8 (1,366,610 ) (1,436,227 )
NET CURRENT ASSETS (LIABILITIES) 2,237,725 2,164,309
TOTAL ASSETS LESS CURRENT LIABILITIES 2,825,264 2,679,486
PROVISIONS FOR LIABILITIES
Deferred Taxation (116,903 ) (102,780 )
NET ASSETS 2,708,361 2,576,706
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 2,708,359 2,576,704
SHAREHOLDERS' FUNDS 2,708,361 2,576,706
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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 A F Wells
Director
15/12/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Continental Direct UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04094201 . The registered office is Northgate House, North Gate, Nottingham, Nottinghamshire, NG7 7BQ.
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.
The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.
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:
Leasehold Over the period of the lease
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% straight line
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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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: 23 (2024: 22)
23 22
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 April 2024 162,980 930,686 1,093,666
Additions 23,123 153,332 176,455
As at 31 March 2025 186,103 1,084,018 1,270,121
Depreciation
As at 1 April 2024 74,504 504,985 579,489
Provided during the period 12,765 91,328 104,093
As at 31 March 2025 87,269 596,313 683,582
Net Book Value
As at 31 March 2025 98,834 487,705 586,539
As at 1 April 2024 88,476 425,701 514,177
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5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2024 1,000
As at 31 March 2025 1,000
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 1,000
As at 1 April 2024 1,000
Details of undertakings 
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:-
Undertaking
Registered Office
Holding
Proportion of voting rights and shares held
Continental Direct Europe Limited
England and Wales
Ordinary
100%
6. Stocks
2025 2024
£ £
Finished goods 2,050,004 1,981,937
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,140,562 969,590
Prepayments and accrued income 153,101 80,240
Other debtors 878 33,721
1,294,541 1,083,551
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 241,223 123,132
Other creditors 1,025,433 1,211,526
Taxation and social security 99,954 101,569
1,366,610 1,436,227
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
Continental Direct UK Limited, Auto Spares (Sutton) Limited and NLR Parts Centre Limited are under common ownership.
During the year Continental Direct UK Limited sold goods to the value of £803,975 (2024: £654,009) to Auto Spares (Sutton) Limited. At the year end the company was owed £799,628 (2024: £2,015,629)
During the year Continental Direct UK Limited sold goods to the value of £138,300 (2024: £Nil) to NLR Parts Centre Limited. At the year end the company was owed £20,000) (2024: £Nil).
The directors of Continental Direct UK Limited are trustees of the Autospares Retirement Benefit Scheme.
During the year Continental Direct UK Limited paid rent of £112,000 (2024: £112,000) to the Autospares Retirement Benefit Scheme. 
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