Acorah Software Products - Accounts Production 14.5.501 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 11899841 Mr Muhammad Farooq iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11899841 2022-03-31 11899841 2023-03-31 11899841 2022-04-01 2023-03-31 11899841 frs-core:CurrentFinancialInstruments 2023-03-31 11899841 frs-core:Non-currentFinancialInstruments 2023-03-31 11899841 frs-core:FurnitureFittings 2023-03-31 11899841 frs-core:FurnitureFittings 2022-04-01 2023-03-31 11899841 frs-core:FurnitureFittings 2022-03-31 11899841 frs-core:ShareCapital 2023-03-31 11899841 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11899841 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11899841 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 11899841 frs-bus:SmallEntities 2022-04-01 2023-03-31 11899841 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11899841 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11899841 frs-bus:Director1 2022-04-01 2023-03-31 11899841 frs-countries:EnglandWales 2022-04-01 2023-03-31 11899841 2021-03-31 11899841 2022-03-31 11899841 2021-04-01 2022-03-31 11899841 frs-core:CurrentFinancialInstruments 2022-03-31 11899841 frs-core:Non-currentFinancialInstruments 2022-03-31 11899841 frs-core:ShareCapital 2022-03-31 11899841 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: 11899841
ELECTROMATICS LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2023
Wisetax Accountants Ltd
C/O Wisetax Accountants 1st Floor
7 Mackenzie Street
Slough
Berkshire
SL1 1XQ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11899841
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 800 1,200
800 1,200
CURRENT ASSETS
Stocks 5 1,044 1,880
Debtors 6 105 255
Cash at bank and in hand 175 1,522
1,324 3,657
Creditors: Amounts Falling Due Within One Year 7 (20,460 ) (16,116 )
NET CURRENT ASSETS (LIABILITIES) (19,136 ) (12,459 )
TOTAL ASSETS LESS CURRENT LIABILITIES (18,336 ) (11,259 )
Creditors: Amounts Falling Due After More Than One Year 8 (15,168 ) (15,168 )
NET LIABILITIES (33,504 ) (26,427 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (33,505 ) (26,428 )
SHAREHOLDERS' FUNDS (33,504) (26,427)
Page 1
Page 2
For the year ending 31 March 2023 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 Muhammad Farooq
Director
28/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Electromatic Ltd is a private company, limited by shares, incorporated in England and Wales, registered number 11899841. The registered office is 59b Queensmere Shopping Centre, Slough, England, SL1 1DD
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. 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:
Fixtures & Fittings 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2022 2,000
As at 31 March 2023 2,000
Depreciation
As at 1 April 2022 800
Provided during the period 400
As at 31 March 2023 1,200
Net Book Value
As at 31 March 2023 800
As at 1 April 2022 1,200
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Page 4
5. Stocks
2023 2022
£ £
Finished goods 1,044 1,880
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 105 255
105 255
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,895 2,580
Other creditors 17,565 13,536
20,460 16,116
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,168 15,168
15,168 15,168
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4