Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06969032 Mr James Harvey Mrs Kim Harvey Mrs Dominika Harvey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06969032 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 06969032 2023-03-31 06969032 2024-03-31 06969032 2023-04-01 2024-03-31 06969032 frs-core:CurrentFinancialInstruments 2024-03-31 06969032 frs-core:Non-currentFinancialInstruments 2024-03-31 06969032 frs-core:ComputerEquipment 2024-03-31 06969032 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06969032 frs-core:ComputerEquipment 2023-03-31 06969032 frs-core:FurnitureFittings 2024-03-31 06969032 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06969032 frs-core:FurnitureFittings 2023-03-31 06969032 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 06969032 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06969032 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 06969032 frs-core:MotorVehicles 2024-03-31 06969032 frs-core:MotorVehicles 2023-04-01 2024-03-31 06969032 frs-core:MotorVehicles 2023-03-31 06969032 frs-core:PlantMachinery 2024-03-31 06969032 frs-core:PlantMachinery 2023-04-01 2024-03-31 06969032 frs-core:PlantMachinery 2023-03-31 06969032 frs-core:WithinOneYear 2024-03-31 06969032 frs-core:ShareCapital 2024-03-31 06969032 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06969032 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06969032 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06969032 frs-bus:SmallEntities 2023-04-01 2024-03-31 06969032 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06969032 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06969032 frs-bus:Director1 2023-04-01 2024-03-31 06969032 frs-bus:Director2 2023-04-01 2024-03-31 06969032 frs-bus:Director3 2023-04-01 2024-03-31 06969032 frs-countries:EnglandWales 2023-04-01 2024-03-31 06969032 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 06969032 2022-03-31 06969032 2023-03-31 06969032 2022-04-01 2023-03-31 06969032 frs-core:CurrentFinancialInstruments 2023-03-31 06969032 frs-core:Non-currentFinancialInstruments 2023-03-31 06969032 frs-core:WithinOneYear 2023-03-31 06969032 frs-core:ShareCapital 2023-03-31 06969032 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06969032
Harvey Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06969032
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 90,902 118,335
90,902 118,335
CURRENT ASSETS
Stocks - 1,600
Debtors 5 97,913 155,237
Cash at bank and in hand 183,483 91,527
281,396 248,364
Creditors: Amounts Falling Due Within One Year 6 (253,914 ) (192,585 )
NET CURRENT ASSETS (LIABILITIES) 27,482 55,779
TOTAL ASSETS LESS CURRENT LIABILITIES 118,384 174,114
Creditors: Amounts Falling Due After More Than One Year 7 (35,930 ) (46,970 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,736 ) (22,135 )
NET ASSETS 66,718 105,009
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 66,618 104,909
SHAREHOLDERS' FUNDS 66,718 105,009
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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
Mrs Kim Harvey
Director
13 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Harvey Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06969032 . The registered office is 80 Canford Cliffs Road, Poole, Dorset, BH13 7AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
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:
Freehold 15 years straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% 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. 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.
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2.6. Financial Instruments
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 measured 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.

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.
2.7. 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 year 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 asset reflects 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 7)
6 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 2,662 8,947 144,173 5,949
Additions - 425 - -
As at 31 March 2024 2,662 9,372 144,173 5,949
Depreciation
As at 1 April 2023 532 5,804 36,244 1,874
Provided during the period 178 839 26,982 611
As at 31 March 2024 710 6,643 63,226 2,485
...CONTINUED
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Net Book Value
As at 31 March 2024 1,952 2,729 80,947 3,464
As at 1 April 2023 2,130 3,143 107,929 4,075
Computer Equipment Total
£ £
Cost
As at 1 April 2023 12,056 173,787
Additions 342 767
As at 31 March 2024 12,398 174,554
Depreciation
As at 1 April 2023 10,998 55,452
Provided during the period (410 ) 28,200
As at 31 March 2024 10,588 83,652
Net Book Value
As at 31 March 2024 1,810 90,902
As at 1 April 2023 1,058 118,335
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,000 48,406
Prepayments and accrued income 3,845 41,075
Other debtors 70,068 65,756
97,913 155,237
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,040 7,235
Trade creditors 128,288 106,259
Bank loans and overdrafts 5,000 5,000
Other taxes and social security 34,438 7,670
Other creditors 76,854 64,161
Accruals and deferred income 3,294 2,260
253,914 192,585
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,513 11,553
Bank loans 30,417 35,417
35,930 46,970
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Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 10,417 15,417
8. Secured Creditors
Included in crediitors are the following amounts that are secured against the assets to which they relate.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,553 18,788
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 761 761
761 761
10. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £673 (2023 - £841) were due to the fund. They are included in Other Creditors.
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