Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05429573 Chris O'Donnell John O'Donnell Marion Dobbin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05429573 2023-03-31 05429573 2024-03-31 05429573 2023-04-01 2024-03-31 05429573 frs-core:CurrentFinancialInstruments 2024-03-31 05429573 frs-core:Non-currentFinancialInstruments 2024-03-31 05429573 frs-core:ComputerEquipment 2024-03-31 05429573 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05429573 frs-core:ComputerEquipment 2023-03-31 05429573 frs-core:ShareCapital 2024-03-31 05429573 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05429573 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05429573 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05429573 frs-bus:SmallEntities 2023-04-01 2024-03-31 05429573 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05429573 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05429573 frs-bus:Director1 2023-04-01 2024-03-31 05429573 frs-bus:Director2 2023-04-01 2024-03-31 05429573 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05429573 frs-countries:EnglandWales 2023-04-01 2024-03-31 05429573 2022-03-31 05429573 2023-03-31 05429573 2022-04-01 2023-03-31 05429573 frs-core:CurrentFinancialInstruments 2023-03-31 05429573 frs-core:Non-currentFinancialInstruments 2023-03-31 05429573 frs-core:ShareCapital 2023-03-31 05429573 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05429573
Donnell Electrical Contractors Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Spicer & Co UK Limited
Chartered Accountants
Staple House
5 Eleanors Cross
Dunstable
Bedfordshire
LU6 1SU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05429573
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 205 274
205 274
CURRENT ASSETS
Stocks 5 1,350 1,350
Debtors 6 48,513 40,534
Cash at bank and in hand 22,821 24,079
72,684 65,963
Creditors: Amounts Falling Due Within One Year 7 (27,803 ) (20,551 )
NET CURRENT ASSETS (LIABILITIES) 44,881 45,412
TOTAL ASSETS LESS CURRENT LIABILITIES 45,086 45,686
Creditors: Amounts Falling Due After More Than One Year 8 (3,637 ) (6,719 )
NET ASSETS 41,449 38,967
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 41,349 38,867
SHAREHOLDERS' FUNDS 41,449 38,967
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For the year ending 31 March 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
John O'Donnell
Director
25/06/2024
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
Donnell Electrical Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05429573 . The registered office is 5 Eleanors Cross, Dunstable, Bedfordshire, LU6 1SU.
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:
Computer Equipment 25% Reducing Balance Method
2.4. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2.5. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 28,879
As at 31 March 2024 28,879
Depreciation
As at 1 April 2023 28,605
Provided during the period 69
As at 31 March 2024 28,674
Net Book Value
As at 31 March 2024 205
As at 1 April 2023 274
5. Stocks
2024 2023
£ £
Stock 1,350 1,350
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 300
Other debtors 48,513 40,234
48,513 40,534
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,546 12,730
Bank loans and overdrafts 2,997 2,912
Other creditors 16,200 2,982
Taxation and social security 4,060 1,927
27,803 20,551
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,637 6,719
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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