Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 09689259 Mr Richard Harrington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09689259 2022-07-31 09689259 2023-07-31 09689259 2022-08-01 2023-07-31 09689259 frs-core:CurrentFinancialInstruments 2023-07-31 09689259 frs-core:Non-currentFinancialInstruments 2023-07-31 09689259 frs-core:BetweenOneFiveYears 2023-07-31 09689259 frs-core:ComputerEquipment 2023-07-31 09689259 frs-core:ComputerEquipment 2022-08-01 2023-07-31 09689259 frs-core:ComputerEquipment 2022-07-31 09689259 frs-core:MoreThanFiveYears 2023-07-31 09689259 frs-core:MotorVehicles 2023-07-31 09689259 frs-core:MotorVehicles 2022-08-01 2023-07-31 09689259 frs-core:MotorVehicles 2022-07-31 09689259 frs-core:PlantMachinery 2023-07-31 09689259 frs-core:PlantMachinery 2022-08-01 2023-07-31 09689259 frs-core:PlantMachinery 2022-07-31 09689259 frs-core:WithinOneYear 2023-07-31 09689259 frs-core:ShareCapital 2023-07-31 09689259 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09689259 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09689259 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09689259 frs-bus:SmallEntities 2022-08-01 2023-07-31 09689259 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09689259 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09689259 frs-bus:Director1 2022-08-01 2023-07-31 09689259 frs-countries:EnglandWales 2022-08-01 2023-07-31 09689259 2021-07-31 09689259 2022-07-31 09689259 2021-08-01 2022-07-31 09689259 frs-core:CurrentFinancialInstruments 2022-07-31 09689259 frs-core:Non-currentFinancialInstruments 2022-07-31 09689259 frs-core:BetweenOneFiveYears 2022-07-31 09689259 frs-core:MoreThanFiveYears 2022-07-31 09689259 frs-core:WithinOneYear 2022-07-31 09689259 frs-core:ShareCapital 2022-07-31 09689259 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 09689259
Harringtons Electrical Services Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
All Star Accountants Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09689259
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 57,694 53,358
57,694 53,358
CURRENT ASSETS
Debtors 4 33,026 41,505
Cash at bank and in hand 2,570 8,907
35,596 50,412
Creditors: Amounts Falling Due Within One Year 5 (43,508 ) (54,041 )
NET CURRENT ASSETS (LIABILITIES) (7,912 ) (3,629 )
TOTAL ASSETS LESS CURRENT LIABILITIES 49,782 49,729
Creditors: Amounts Falling Due After More Than One Year 6 (40,098 ) (49,326 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,426 ) -
NET ASSETS 7,258 403
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 7,257 402
SHAREHOLDERS' FUNDS 7,258 403
Page 1
Page 2
For the year ending 31 July 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 Richard Harrington
Director
28/03/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Plant & Machinery 25% Straight line
Motor Vehicles 20-25% Straight line, or life of the lease
Computer Equipment 33% Straight line
1.4. 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 profit and loss account as incurred.
1.5. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2022: 4)
3 4
3. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 1,804 60,097 626 62,527
Additions - 14,500 - 14,500
As at 31 July 2023 1,804 74,597 626 77,027
Depreciation
As at 1 August 2022 1,604 6,939 626 9,169
Provided during the period 61 10,103 - 10,164
As at 31 July 2023 1,665 17,042 626 19,333
Net Book Value
As at 31 July 2023 139 57,555 - 57,694
As at 1 August 2022 200 53,158 - 53,358
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 33,026 32,249
VAT - 3,803
Director's loan account - 5,453
33,026 41,505
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 8,539 8,539
Trade creditors 18,331 30,845
Bank loans and overdrafts 689 689
Corporation tax 4,141 6,897
Other taxes and social security 4,999 2,998
VAT 1,275 -
Net wages 1,024 -
Other creditors 1,763 2,215
Accruals and deferred income 390 1,858
Director's loan account 2,357 -
43,508 54,041
Page 4
Page 5
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 36,079 44,618
Bank loans 4,019 4,708
40,098 49,326
7. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The maturity of these amounts is as follows:
Within one year 8,539 8,539
Between one and five years 36,079 44,618
After more than five years - -
44,618 53,157
44,618 53,157
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. General Information
Harringtons Electrical Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09689259 . The registered office is C/O Taxassist Accountants, 137 Buxton Road, Stockport, SK2 6EQ.
Page 5