Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 SC333473 Mr Alexander Skivington Mr Gordon Skivington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC333473 2022-11-30 SC333473 2023-11-30 SC333473 2022-12-01 2023-11-30 SC333473 frs-core:CurrentFinancialInstruments 2023-11-30 SC333473 frs-core:Non-currentFinancialInstruments 2023-11-30 SC333473 frs-core:ComputerEquipment 2023-11-30 SC333473 frs-core:ComputerEquipment 2022-12-01 2023-11-30 SC333473 frs-core:ComputerEquipment 2022-11-30 SC333473 frs-core:FurnitureFittings 2023-11-30 SC333473 frs-core:FurnitureFittings 2022-12-01 2023-11-30 SC333473 frs-core:FurnitureFittings 2022-11-30 SC333473 frs-core:NetGoodwill 2023-11-30 SC333473 frs-core:NetGoodwill 2022-12-01 2023-11-30 SC333473 frs-core:NetGoodwill 2022-11-30 SC333473 frs-core:MotorVehicles 2023-11-30 SC333473 frs-core:MotorVehicles 2022-12-01 2023-11-30 SC333473 frs-core:MotorVehicles 2022-11-30 SC333473 frs-core:PlantMachinery 2023-11-30 SC333473 frs-core:PlantMachinery 2022-12-01 2023-11-30 SC333473 frs-core:PlantMachinery 2022-11-30 SC333473 frs-core:ShareCapital 2023-11-30 SC333473 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC333473 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC333473 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC333473 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC333473 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC333473 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC333473 frs-bus:Director1 2022-12-01 2023-11-30 SC333473 frs-bus:Director2 2022-12-01 2023-11-30 SC333473 frs-countries:Scotland 2022-12-01 2023-11-30 SC333473 2021-11-30 SC333473 2022-11-30 SC333473 2021-12-01 2022-11-30 SC333473 frs-core:CurrentFinancialInstruments 2022-11-30 SC333473 frs-core:Non-currentFinancialInstruments 2022-11-30 SC333473 frs-core:ShareCapital 2022-11-30 SC333473 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC333473
Caledonian Electrical Services Limited
Financial Statements
For The Year Ended 30 November 2023
Northgate Accounting Services Limited
1 MacDowall Street
Paisley
PA3 2NB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC333473
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 21,458 32,187
Tangible Assets 5 9,049 11,428
30,507 43,615
CURRENT ASSETS
Stocks 6 7,086 14,515
Debtors 7 47,901 18,748
Cash at bank and in hand 31,452 35,755
86,439 69,018
Creditors: Amounts Falling Due Within One Year 8 (40,222 ) (32,955 )
NET CURRENT ASSETS (LIABILITIES) 46,217 36,063
TOTAL ASSETS LESS CURRENT LIABILITIES 76,724 79,678
Creditors: Amounts Falling Due After More Than One Year 9 (11,179 ) (16,632 )
NET ASSETS 65,545 63,046
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 65,445 62,946
SHAREHOLDERS' FUNDS 65,545 63,046
Page 1
Page 2
For the year ending 30 November 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
Mr Alexander Skivington
Director
25th July 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
Caledonian Electrical Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC333473 . The registered office is Northgate Accounting Services , Unit 2.25 1 Macdowall Street, Paisley, Renfrewshire, PA3 2NB.
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. 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.
2.4. 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:
Plant & Machinery 25% SL
Motor Vehicles 15% SL
Fixtures & Fittings 0
Computer Equipment 10% SL
2.5. 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.
2.6. 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
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2.6. 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: 2 (2022: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 160,944
As at 30 November 2023 160,944
Amortisation
As at 1 December 2022 128,757
Provided during the period 10,729
As at 30 November 2023 139,486
Net Book Value
As at 30 November 2023 21,458
As at 1 December 2022 32,187
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 944 22,293 335 3,704 27,276
As at 30 November 2023 944 22,293 335 3,704 27,276
Depreciation
As at 1 December 2022 894 11,195 335 3,424 15,848
Provided during the period 20 2,219 - 140 2,379
As at 30 November 2023 914 13,414 335 3,564 18,227
Net Book Value
As at 30 November 2023 30 8,879 - 140 9,049
As at 1 December 2022 50 11,098 - 280 11,428
6. Stocks
2023 2022
£ £
Materials 7,086 14,515
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Page 5
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 47,901 18,748
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 12,172 6,470
Bank loans and overdrafts 5,487 5,034
Corporation tax 11,190 6,098
Other taxes and social security 1,719 1,374
VAT 7,701 12,559
Other creditors 432 457
Accruals and deferred income 600 600
Directors' loan accounts 921 363
40,222 32,955
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 11,179 16,632
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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