Acorah Software Products - Accounts Production 18.1.200 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 05294979 Mr Michael Jarrold Mr Gareth Bartlett-Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05294979 2024-12-31 05294979 2025-12-31 05294979 2025-01-01 2025-12-31 05294979 frs-core:CurrentFinancialInstruments 2025-12-31 05294979 frs-core:Non-currentFinancialInstruments 2025-12-31 05294979 frs-core:BetweenOneFiveYears 2025-12-31 05294979 frs-core:ComputerEquipment 2025-12-31 05294979 frs-core:ComputerEquipment 2025-01-01 2025-12-31 05294979 frs-core:ComputerEquipment 2024-12-31 05294979 frs-core:NetGoodwill 2025-12-31 05294979 frs-core:NetGoodwill 2025-01-01 2025-12-31 05294979 frs-core:NetGoodwill 2024-12-31 05294979 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 05294979 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 05294979 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 05294979 frs-core:MotorVehicles 2025-12-31 05294979 frs-core:MotorVehicles 2025-01-01 2025-12-31 05294979 frs-core:MotorVehicles 2024-12-31 05294979 frs-core:PlantMachinery 2025-12-31 05294979 frs-core:PlantMachinery 2025-01-01 2025-12-31 05294979 frs-core:PlantMachinery 2024-12-31 05294979 frs-core:WithinOneYear 2025-12-31 05294979 frs-core:CapitalRedemptionReserve 2025-12-31 05294979 frs-core:ShareCapital 2025-12-31 05294979 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 05294979 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05294979 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 05294979 frs-bus:SmallEntities 2025-01-01 2025-12-31 05294979 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 05294979 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05294979 frs-bus:Director1 2025-01-01 2025-12-31 05294979 frs-bus:Director1 2024-12-31 05294979 frs-bus:Director1 2025-12-31 05294979 frs-bus:Director2 2025-01-01 2025-12-31 05294979 frs-bus:Director2 2024-12-31 05294979 frs-bus:Director2 2025-12-31 05294979 frs-countries:EnglandWales 2025-01-01 2025-12-31 05294979 2023-12-31 05294979 2024-12-31 05294979 2024-01-01 2024-12-31 05294979 frs-core:CurrentFinancialInstruments 2024-12-31 05294979 frs-core:Non-currentFinancialInstruments 2024-12-31 05294979 frs-core:BetweenOneFiveYears 2024-12-31 05294979 frs-core:WithinOneYear 2024-12-31 05294979 frs-core:CapitalRedemptionReserve 2024-12-31 05294979 frs-core:ShareCapital 2024-12-31 05294979 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 05294979
Paul Jarrold Tyres Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05294979
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 146,219 144,190
146,219 144,190
CURRENT ASSETS
Stocks 6 436,116 435,256
Debtors 7 598,301 462,143
Cash at bank and in hand 11,710 29,048
1,046,127 926,447
Creditors: Amounts Falling Due Within One Year 8 (793,359 ) (715,869 )
NET CURRENT ASSETS (LIABILITIES) 252,768 210,578
TOTAL ASSETS LESS CURRENT LIABILITIES 398,987 354,768
Creditors: Amounts Falling Due After More Than One Year 9 (21,476 ) (21,620 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,597 ) (32,962 )
NET ASSETS 343,914 300,186
CAPITAL AND RESERVES
Called up share capital 12 35 35
Capital redemption reserve 65 65
Profit and Loss Account 343,814 300,086
SHAREHOLDERS' FUNDS 343,914 300,186
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For the year ending 31 December 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 Michael Jarrold
Director
20/05/2026
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
Paul Jarrold Tyres Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05294979 . The registered office is Unit 2 Wonastow Road Industrial Estate (West), Monmouthshire, NP25 5JA.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 4 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 2% straight line
Plant & Machinery 15% straight line
Motor Vehicles 25% straight line
Computer Equipment 25% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2024: 26)
26 26
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 50,000
As at 31 December 2025 50,000
Amortisation
As at 1 January 2025 50,000
As at 31 December 2025 50,000
Net Book Value
As at 31 December 2025 -
As at 1 January 2025 -
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 54,256 369,657 171,535 6,310 601,758
Additions - 4,114 30,740 - 34,854
As at 31 December 2025 54,256 373,771 202,275 6,310 636,612
Depreciation
As at 1 January 2025 11,703 296,585 142,970 6,310 457,568
Provided during the period 1,085 15,174 16,566 - 32,825
As at 31 December 2025 12,788 311,759 159,536 6,310 490,393
Net Book Value
As at 31 December 2025 41,468 62,012 42,739 - 146,219
As at 1 January 2025 42,553 73,072 28,565 - 144,190
6. Stocks
2025 2024
£ £
Stock 436,116 435,256
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 422,633 328,124
Amounts recoverable on contracts 8,371 8,847
Other debtors 167,297 125,172
598,301 462,143
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 22,614 23,405
Trade creditors 462,676 526,817
Bank loans and overdrafts 95,115 10,000
Other creditors 43,937 32,040
Taxation and social security 169,017 123,607
793,359 715,869
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 21,476 14,120
Bank loans - 7,500
21,476 21,620
10. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 87,615 17,500
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 22,614 23,405
Later than one year and not later than five years 21,476 14,120
44,090 37,525
44,090 37,525
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 35 35
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Michael Jarrold 54,561 118,840 (63,000 ) - 110,401
Mr Gareth Bartlett-Smith 33,385 36,840 (35,000 ) - 35,225
The above loans are unsecured, interest free and repayable on demand.
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