Acorah Software Products - Accounts Production 16.8.200 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11679305 Mr D A Shah Mr S A Patel Mr J P Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11679305 2023-12-31 11679305 2024-12-31 11679305 2024-01-01 2024-12-31 11679305 frs-core:Non-currentFinancialInstruments 2024-12-31 11679305 frs-core:BetweenOneFiveYears 2024-12-31 11679305 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11679305 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11679305 frs-core:MotorVehicles 2024-01-01 2024-12-31 11679305 frs-core:WithinOneYear 2024-12-31 11679305 frs-core:ShareCapital 2024-12-31 11679305 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11679305 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11679305 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 11679305 frs-bus:SmallEntities 2024-01-01 2024-12-31 11679305 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11679305 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11679305 frs-bus:Director1 2024-01-01 2024-12-31 11679305 frs-bus:Director2 2024-01-01 2024-12-31 11679305 frs-bus:Director3 2024-01-01 2024-12-31 11679305 frs-countries:EnglandWales 2024-01-01 2024-12-31 11679305 2022-12-31 11679305 2023-12-31 11679305 2023-01-01 2023-12-31 11679305 frs-core:Non-currentFinancialInstruments 2023-12-31 11679305 frs-core:BetweenOneFiveYears 2023-12-31 11679305 frs-core:WithinOneYear 2023-12-31 11679305 frs-core:ShareCapital 2023-12-31 11679305 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11679305
Value Car Parts Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Value Car Parts Ltd
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—4

Page 1
Value Car Parts Ltd
Abridged Balance Sheet
As At 31 December 2024
Abridged Balance Sheet
Registered number: 11679305

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 11,478 |  | 22,036
|  |  | 11,478 |  | 22,036
CURRENT ASSETS
Stocks |  | 84,659 |  | 78,254 |
Debtors |  | 2,952,129 |  | 1,614,593 |
Cash at bank and in hand |  | 40,257 |  | 140,059 |
|  | 3,077,045 |  | 1,832,906 |
Creditors: Amounts Falling Due Within One Year |  | (2,515,637 ) |  | (1,336,705 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 561,408 |  | 496,201
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 572,886 |  | 518,237
Creditors: Amounts Falling Due After More Than One Year |  |  | (8,630 ) |  | (25,250 )
NET ASSETS |  |  | 564,256 |  | 492,987
CAPITAL AND RESERVES
Called up share capital | 6 |  | 300 |  | 300
Profit and Loss Account |  |  | 563,956 |  | 492,687
SHAREHOLDERS' FUNDS |  |  | 564,256 |  | 492,987

Page 1
Page 2
Value Car Parts Ltd
Abridged Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr J P Patel Director
26 December 2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Value Car Parts Ltd
Notes to the Abridged Financial Statements
For The Year Ended 31 December 2024
Notes to the Abridged Financial Statements
1. General Information
Value Car Parts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11679305 . The registered office is 37 Craven Park Road, Harlesden, London, NW10 8SE.
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.
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:

Motor Vehicles | 20% straight line
Fixtures & Fittings | 20% straight line
Computer Equipment | 25% straight line

2.4. 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.
2.5. 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. 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: 4 (2023: 5)
4 5
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 January 2024 | 55,456
Additions | 614
As at 31 December 2024 | 56,070

...CONTINUED
Page 3
Page 4
Value Car Parts Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024 | 33,420
Provided during the period | 11,172
As at 31 December 2024 | 44,592
Net Book Value
As at 31 December 2024 | 11,478
As at 1 January 2024 | 22,036

5. Obligations Under Finance Leases and Hire Purchase

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 7,230 |  | 7,230
Later than one year and not later than five years | 5,423 |  | 12,653
| 12,653 |  | 19,883
Less: Finance charges allocated to future periods | 684 |  | 1,294
| 11,969 |  | 18,589

6. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 300 |  | 300

Page 4