Acorah Software Products - Accounts Production 15.0.500 false true 29 April 2023 30 April 2022 false 30 April 2023 29 April 2024 29 April 2024 SC444801 Mr John Williamson Mr Jon Williamson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC444801 2023-04-29 SC444801 2024-04-29 SC444801 2023-04-30 2024-04-29 SC444801 frs-core:CurrentFinancialInstruments 2024-04-29 SC444801 frs-core:Non-currentFinancialInstruments 2024-04-29 SC444801 frs-core:BetweenOneFiveYears 2024-04-29 SC444801 frs-core:FurnitureFittings 2024-04-29 SC444801 frs-core:FurnitureFittings 2023-04-30 2024-04-29 SC444801 frs-core:FurnitureFittings 2023-04-29 SC444801 frs-core:NetGoodwill 2024-04-29 SC444801 frs-core:NetGoodwill 2023-04-30 2024-04-29 SC444801 frs-core:NetGoodwill 2023-04-29 SC444801 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-29 SC444801 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 2024-04-29 SC444801 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-29 SC444801 frs-core:MotorVehicles 2024-04-29 SC444801 frs-core:MotorVehicles 2023-04-30 2024-04-29 SC444801 frs-core:MotorVehicles 2023-04-29 SC444801 frs-core:WithinOneYear 2024-04-29 SC444801 frs-core:ShareCapital 2024-04-29 SC444801 frs-core:RetainedEarningsAccumulatedLosses 2024-04-29 SC444801 frs-bus:PrivateLimitedCompanyLtd 2023-04-30 2024-04-29 SC444801 frs-bus:FilletedAccounts 2023-04-30 2024-04-29 SC444801 frs-bus:SmallEntities 2023-04-30 2024-04-29 SC444801 frs-bus:AuditExempt-NoAccountantsReport 2023-04-30 2024-04-29 SC444801 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-30 2024-04-29 SC444801 frs-bus:Director1 2023-04-30 2024-04-29 SC444801 frs-bus:Director2 2023-04-30 2024-04-29 SC444801 frs-countries:Scotland 2023-04-30 2024-04-29 SC444801 2022-04-29 SC444801 2023-04-29 SC444801 2022-04-30 2023-04-29 SC444801 frs-core:CurrentFinancialInstruments 2023-04-29 SC444801 frs-core:Non-currentFinancialInstruments 2023-04-29 SC444801 frs-core:BetweenOneFiveYears 2023-04-29 SC444801 frs-core:WithinOneYear 2023-04-29 SC444801 frs-core:ShareCapital 2023-04-29 SC444801 frs-core:RetainedEarningsAccumulatedLosses 2023-04-29
Registered number: SC444801
John Williamson Electrical Limited
Unaudited Financial Statements
For The Year Ended 29 April 2024
Business Oxygen Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC444801
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 104,021 88,396
104,021 88,396
CURRENT ASSETS
Stocks 5 101,926 98,832
Debtors 6 364,451 268,578
Cash at bank and in hand 391 18,929
466,768 386,339
Creditors: Amounts Falling Due Within One Year 7 (297,388 ) (249,097 )
NET CURRENT ASSETS (LIABILITIES) 169,380 137,242
TOTAL ASSETS LESS CURRENT LIABILITIES 273,401 225,638
Creditors: Amounts Falling Due After More Than One Year 8 (51,242 ) (67,633 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,916 ) (17,631 )
NET ASSETS 211,243 140,374
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 211,143 140,274
SHAREHOLDERS' FUNDS 211,243 140,374
Page 1
Page 2
For the year ending 29 April 2024 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 John Williamson
Director
31/07/2024
The notes on pages 3 to 6 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. 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 .... years.
1.4. 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:
Leasehold 10% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
1.5. 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 profit and loss account as incurred.
1.6. 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.
Page 3
Page 4
1.7. 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 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 16 (2023: 18)
16 18
3. Intangible Assets
Goodwill
£
Cost
As at 30 April 2023 240,000
As at 29 April 2024 240,000
Amortisation
As at 30 April 2023 240,000
As at 29 April 2024 240,000
Net Book Value
As at 29 April 2024 -
As at 30 April 2023 -
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 30 April 2023 15,377 190,879 3,378 209,634
Additions - 52,355 - 52,355
Disposals - (33,495 ) - (33,495 )
As at 29 April 2024 15,377 209,739 3,378 228,494
Depreciation
As at 30 April 2023 13,839 106,289 1,110 121,238
...CONTINUED
Page 4
Page 5
Provided during the period 1,538 16,268 214 18,020
Disposals - (14,785 ) - (14,785 )
As at 29 April 2024 15,377 107,772 1,324 124,473
Net Book Value
As at 29 April 2024 - 101,967 2,054 104,021
As at 30 April 2023 1,538 84,590 2,268 88,396
5. Stocks
2024 2023
£ £
Materials 27,000 27,000
Work in progress 74,926 71,832
101,926 98,832
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 361,947 263,173
Prepayments and accrued income 450 1,350
VAT 1,954 3,955
Called up share capital not paid 100 100
364,451 268,578
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,559 23,353
Trade creditors 87,567 87,885
Bank loans and overdrafts 120,310 57,786
Corporation tax 29,982 20,112
Other taxes and social security 10,090 15,307
Other creditors 13,320 7,795
Accruals and deferred income 278 21,017
Directors' loan accounts 18,282 15,842
297,388 249,097
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,087 38,478
Bank loans 15,155 29,155
51,242 67,633
Page 5
Page 6
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The maturity of these amounts is as follows:
Within one year 17,559 23,353
Between one and five years 36,087 38,478
53,646 61,831
53,646 61,831
10. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
11. General Information
John Williamson Electrical Limited is a private company, limited by shares, incorporated in Scotland, registered number SC444801 . The registered office is c/o Business Oxygen, Accountants Unit 4, Dunnikier Business Park, Midfield Drive, KY1 3LW.
Page 6