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 08013481 Mr Baljit Ghattoara Mrs Harjit Ghattoara iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08013481 2023-03-31 08013481 2024-03-31 08013481 2023-04-01 2024-03-31 08013481 frs-core:CurrentFinancialInstruments 2024-03-31 08013481 frs-core:Non-currentFinancialInstruments 2024-03-31 08013481 frs-core:ComputerEquipment 2024-03-31 08013481 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08013481 frs-core:ComputerEquipment 2023-03-31 08013481 frs-core:MotorVehicles 2024-03-31 08013481 frs-core:MotorVehicles 2023-04-01 2024-03-31 08013481 frs-core:MotorVehicles 2023-03-31 08013481 frs-core:PlantMachinery 2024-03-31 08013481 frs-core:PlantMachinery 2023-04-01 2024-03-31 08013481 frs-core:PlantMachinery 2023-03-31 08013481 frs-core:ShareCapital 2024-03-31 08013481 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08013481 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08013481 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08013481 frs-bus:SmallEntities 2023-04-01 2024-03-31 08013481 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08013481 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08013481 frs-bus:Director1 2023-04-01 2024-03-31 08013481 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 08013481 frs-countries:EnglandWales 2023-04-01 2024-03-31 08013481 2022-03-31 08013481 2023-03-31 08013481 2022-04-01 2023-03-31 08013481 frs-core:CurrentFinancialInstruments 2023-03-31 08013481 frs-core:Non-currentFinancialInstruments 2023-03-31 08013481 frs-core:ShareCapital 2023-03-31 08013481 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08013481
Grey Brown Electrical & Plumbing Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08013481
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,105 6,050
5,105 6,050
CURRENT ASSETS
Debtors 5 49,081 94,950
Cash at bank and in hand 17,661 35,526
66,742 130,476
Creditors: Amounts Falling Due Within One Year 6 (57,867 ) (52,826 )
NET CURRENT ASSETS (LIABILITIES) 8,875 77,650
TOTAL ASSETS LESS CURRENT LIABILITIES 13,980 83,700
Creditors: Amounts Falling Due After More Than One Year 7 (43,528 ) (44,810 )
NET (LIABILITIES)/ASSETS (29,548 ) 38,890
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (29,549 ) 38,889
SHAREHOLDERS' FUNDS (29,548) 38,890
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Baljit Ghattoara
Director
21/05/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Grey Brown Electrical & Plumbing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08013481 . The registered office is 302 Allenby Road, Southall, Middlesex, UB1 2HP.
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 10% Straight line method
Motor Vehicles 15% Written down value
Computer Equipment 33.33% Written down value
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 1,171 14,733 1,758 17,662
As at 31 March 2024 1,171 14,733 1,758 17,662
Depreciation
As at 1 April 2023 200 10,010 1,402 11,612
Provided during the period 117 709 119 945
As at 31 March 2024 317 10,719 1,521 12,557
Net Book Value
As at 31 March 2024 854 4,014 237 5,105
As at 1 April 2023 971 4,723 356 6,050
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,080 51,949
Other debtors 43,001 43,001
49,081 94,950
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,609 13,210
Bank loans and overdrafts 1,279 1,284
Other creditors 35,880 27,673
Taxation and social security 5,099 10,659
57,867 52,826
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 43,528 44,810
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4