Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08738297 Mrs Lynsay Price Mr Peter Price iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08738297 2022-10-31 08738297 2023-10-31 08738297 2022-11-01 2023-10-31 08738297 frs-core:CurrentFinancialInstruments 2023-10-31 08738297 frs-core:Non-currentFinancialInstruments 2023-10-31 08738297 frs-core:BetweenOneFiveYears 2023-10-31 08738297 frs-core:ComputerEquipment 2023-10-31 08738297 frs-core:ComputerEquipment 2022-11-01 2023-10-31 08738297 frs-core:ComputerEquipment 2022-10-31 08738297 frs-core:FurnitureFittings 2023-10-31 08738297 frs-core:FurnitureFittings 2022-11-01 2023-10-31 08738297 frs-core:FurnitureFittings 2022-10-31 08738297 frs-core:MotorVehicles 2023-10-31 08738297 frs-core:MotorVehicles 2022-11-01 2023-10-31 08738297 frs-core:MotorVehicles 2022-10-31 08738297 frs-core:PlantMachinery 2023-10-31 08738297 frs-core:PlantMachinery 2022-11-01 2023-10-31 08738297 frs-core:PlantMachinery 2022-10-31 08738297 frs-core:WithinOneYear 2023-10-31 08738297 frs-core:ShareCapital 2023-10-31 08738297 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08738297 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08738297 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08738297 frs-bus:SmallEntities 2022-11-01 2023-10-31 08738297 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08738297 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08738297 frs-bus:Director1 2022-11-01 2023-10-31 08738297 frs-bus:Director2 2022-11-01 2023-10-31 08738297 frs-countries:EnglandWales 2022-11-01 2023-10-31 08738297 2021-10-31 08738297 2022-10-31 08738297 2021-11-01 2022-10-31 08738297 frs-core:CurrentFinancialInstruments 2022-10-31 08738297 frs-core:Non-currentFinancialInstruments 2022-10-31 08738297 frs-core:BetweenOneFiveYears 2022-10-31 08738297 frs-core:WithinOneYear 2022-10-31 08738297 frs-core:ShareCapital 2022-10-31 08738297 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 08738297
UK Electrical Services (Carlisle) Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
MoynanSmith
Chartered Accountants & Tax Advisers
Unit 4 Clifford Court
Cooper Way
Carlisle
Cumbria
CA3 0JG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08738297
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 215,169 235,259
215,169 235,259
CURRENT ASSETS
Debtors 6 151,691 139,517
Cash at bank and in hand 648,980 525,519
800,671 665,036
Creditors: Amounts Falling Due Within One Year 7 (276,554 ) (231,495 )
NET CURRENT ASSETS (LIABILITIES) 524,117 433,541
TOTAL ASSETS LESS CURRENT LIABILITIES 739,286 668,800
Creditors: Amounts Falling Due After More Than One Year 8 (21,685 ) (43,722 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,408 ) (13,665 )
NET ASSETS 702,193 611,413
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 702,191 611,411
SHAREHOLDERS' FUNDS 702,193 611,413
Page 1
Page 2
For the year ending 31 October 2023 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
Mrs Lynsay Price
Director
Mr Peter Price
Director
21 March 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
UK Electrical Services (Carlisle) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08738297 . The registered office is 1 Heathlands Cottages, Harker Road Ends, Carlisle, CA6 4HQ.
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:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 3 years 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 profit and loss account as incurred.
2.5. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Prior Period Adjustment
The figures for the previous period have been restated to incorporate the impact of correcting material errors within the accounts preparation.
This has resulted in an increase to the profit and loss reserve at 31 October 2022 of £198,039.
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 - 257,262 - - 257,262
Additions 15,940 15,950 5,311 4,464 41,665
As at 31 October 2023 15,940 273,212 5,311 4,464 298,927
Depreciation
As at 1 November 2022 - 22,003 - - 22,003
Provided during the period 1,030 59,812 459 454 61,755
As at 31 October 2023 1,030 81,815 459 454 83,758
Net Book Value
As at 31 October 2023 14,910 191,397 4,852 4,010 215,169
As at 1 November 2022 - 235,259 - - 235,259
6. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 140,966 131,475
Other debtors 10,725 8,042
151,691 139,517
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Net obligations under finance lease and hire purchase contracts 12,039 12,039
Trade creditors 93,550 83,879
Bank loans and overdrafts 10,000 10,306
Other taxes and social security 150,557 122,447
Other creditors 1,720 824
Accruals and deferred income 5,000 2,000
Directors' loan accounts 3,688 -
276,554 231,495
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Net obligations under finance lease and hire purchase contracts 5,852 17,889
Bank loans 15,833 25,833
21,685 43,722
9. Secured Creditors
Of the creditors the following amounts are secured.
Finance lease and hire purchase contracts are secured against the assets to which they relate.
2023 2022
as restated
£ £
Net obligations under finance lease and hire purchase contracts 17,891 29,928
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,039 12,039
Later than one year and not later than five years 5,852 17,889
17,891 29,928
17,891 29,928
11. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 2 2
Page 5