Acorah Software Products - Accounts Production 19.2.350 false true true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 09395261 Mr N Mills iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09395261 2025-01-31 09395261 2026-01-31 09395261 2025-02-01 2026-01-31 09395261 frs-core:CurrentFinancialInstruments 2026-01-31 09395261 frs-core:FurnitureFittings 2026-01-31 09395261 frs-core:FurnitureFittings 2025-02-01 2026-01-31 09395261 frs-core:FurnitureFittings 2025-01-31 09395261 frs-core:NetGoodwill 2026-01-31 09395261 frs-core:NetGoodwill 2025-02-01 2026-01-31 09395261 frs-core:NetGoodwill 2025-01-31 09395261 frs-core:MotorVehicles 2026-01-31 09395261 frs-core:MotorVehicles 2025-02-01 2026-01-31 09395261 frs-core:MotorVehicles 2025-01-31 09395261 frs-core:PlantMachinery 2026-01-31 09395261 frs-core:PlantMachinery 2025-02-01 2026-01-31 09395261 frs-core:PlantMachinery 2025-01-31 09395261 frs-core:ShareCapital 2026-01-31 09395261 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 09395261 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 09395261 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 09395261 frs-bus:SmallEntities 2025-02-01 2026-01-31 09395261 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 09395261 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 09395261 frs-bus:Director1 2025-02-01 2026-01-31 09395261 frs-countries:EnglandWales 2025-02-01 2026-01-31 09395261 2024-01-31 09395261 2025-01-31 09395261 2024-02-01 2025-01-31 09395261 frs-core:CurrentFinancialInstruments 2025-01-31 09395261 frs-core:ShareCapital 2025-01-31 09395261 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31
Registered number: 09395261
Wills Garage Folkestone Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Wills Garage Folkestone Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Wills Garage Folkestone Limited
Balance Sheet
As At 31 January 2026
Balance Sheet
Registered number: 09395261

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 6 |  | 19,277 |  | 17,542
|  |  | 19,277 |  | 17,542
CURRENT ASSETS
Stocks | 7 | 11,153 |  | 5,842 |
Debtors | 8 | 8,363 |  | 5,956 |
Cash at bank and in hand |  | 52,068 |  | 89,920 |
|  | 71,584 |  | 101,718 |
Creditors: Amounts Falling Due Within One Year | 9 | (39,083 ) |  | (42,977 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 32,501 |  | 58,741
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 51,778 |  | 76,283
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (4,863 ) |  | (3,460 )
NET ASSETS |  |  | 46,915 |  | 72,823
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1,300 |  | 1,300
Profit and Loss Account |  |  | 45,615 |  | 71,523
SHAREHOLDERS' FUNDS |  |  | 46,915 |  | 72,823

Page 1
Page 2
Wills Garage Folkestone Limited
Balance Sheet (continued)
As At 31 January 2026
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 N Mills Director
08/05/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Wills Garage Folkestone Limited
Notes to the Financial Statements
For The Year Ended 31 January 2026
Notes to the Financial Statements
1. General Information
Wills Garage Folkestone Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09395261 . The registered office is 1-2 Rhodium Point Spindle Close, Hawkinge, Folkestone, Kent, CT18 7TQ.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
2. Statement of Compliance
The financial statements have been prepared 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.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
3.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
3.3. Significant judgements and estimations
No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.
No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.
3.4. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
3.5. Intangible Fixed Assets and Amortisation - Goodwill
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
Goodwill - straight line over 5 years
3.6. 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:

Plant & Machinery | 15% reducing balance
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 25% reducing balance

Page 3
Page 4
Wills Garage Folkestone Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
3.7. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
3.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3.9. Interest Payable
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
3.10. 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.
3.11. Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
3.12. Government Grant
Grants are accounted for under the accruals model permitted by FRS102. Grants relating to expenditure on tangible assets are credited to the profit and loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure.
Page 4
Page 5
Wills Garage Folkestone Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
3.13. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
4. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2025: 7)
7 7
5. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 February 2025 | 175,000
As at 31 January 2026 | 175,000
Amortisation
As at 1 February 2025 | 175,000
As at 31 January 2026 | 175,000
Net Book Value
As at 31 January 2026 | -
As at 1 February 2025 | -

6. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 February 2025 | 37,452 | 9,283 | 1,420 | 48,155
Additions | 5,745 | - | 434 | 6,179
As at 31 January 2026 | 43,197 | 9,283 | 1,854 | 54,334
Depreciation
As at 1 February 2025 | 28,341 | 1,640 | 632 | 30,613
Provided during the period | 2,228 | 1,911 | 305 | 4,444
As at 31 January 2026 | 30,569 | 3,551 | 937 | 35,057
Net Book Value
As at 31 January 2026 | 12,628 | 5,732 | 917 | 19,277
As at 1 February 2025 | 9,111 | 7,643 | 788 | 17,542

7. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Stock | 10,106 |  | 4,234
Work in progress | 1,047 |  | 1,608
| 11,153 |  | 5,842

Page 5
Page 6
Wills Garage Folkestone Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
8. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,460 |  | 1,704
Other debtors | 5,903 |  | 4,252
| 8,363 |  | 5,956

9. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 18,136 |  | 13,985
Other creditors | 4,410 |  | 12,235
Taxation and social security | 16,537 |  | 16,757
| 39,083 |  | 42,977

10. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,300 |  | 1,300

11. Financial Instruments
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £15,600 (2025 - £15,600), relating to future minimum lease payments due under non-cancellable operating leases.
Amounts disclosed in the balance sheet
Included in the balance sheet are unpaid pensions of £460 (2025 - £960).
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