Acorah Software Products - Accounts Production 14.5.501 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04137743 Mr Andrew David Middleton Dunning Mrs Anne Dunning Mr Geoffrey David Dunning Mr Andrew Paul Gardner Ms Elaine Patricia Lamb Ms Elaine Patricia Lamb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04137743 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-12-31 04137743 2022-12-31 04137743 2023-12-31 04137743 2023-01-01 2023-12-31 04137743 frs-core:CurrentFinancialInstruments 2023-12-31 04137743 frs-core:Non-currentFinancialInstruments 2023-12-31 04137743 frs-core:BetweenOneFiveYears 2023-12-31 04137743 frs-core:ComputerEquipment 2023-12-31 04137743 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04137743 frs-core:ComputerEquipment 2022-12-31 04137743 frs-core:FurnitureFittings 2023-12-31 04137743 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04137743 frs-core:FurnitureFittings 2022-12-31 04137743 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 04137743 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04137743 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 04137743 frs-core:WithinOneYear 2023-12-31 04137743 frs-core:ShareCapital 2023-12-31 04137743 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04137743 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04137743 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04137743 frs-bus:SmallEntities 2023-01-01 2023-12-31 04137743 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04137743 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04137743 frs-core:CostValuation 2022-12-31 04137743 frs-core:DisposalsRepaymentsInvestments 2023-12-31 04137743 frs-core:CostValuation 2023-12-31 04137743 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 04137743 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 04137743 frs-bus:Director1 2023-01-01 2023-12-31 04137743 frs-bus:Director2 2023-01-01 2023-12-31 04137743 frs-bus:Director3 2023-01-01 2023-12-31 04137743 frs-bus:Director4 2023-01-01 2023-12-31 04137743 frs-bus:Director5 2023-01-01 2023-12-31 04137743 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04137743 frs-countries:EnglandWales 2023-01-01 2023-12-31 04137743 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-12-31 04137743 2021-12-31 04137743 2022-12-31 04137743 2022-01-01 2022-12-31 04137743 frs-core:CurrentFinancialInstruments 2022-12-31 04137743 frs-core:Non-currentFinancialInstruments 2022-12-31 04137743 frs-core:BetweenOneFiveYears 2022-12-31 04137743 frs-core:WithinOneYear 2022-12-31 04137743 frs-core:ShareCapital 2022-12-31 04137743 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04137743
Associated Independent Electrical Wholesalers Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04137743
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 422,884 423,428
Investments 5 20,511 26,178
443,395 449,606
CURRENT ASSETS
Debtors 6 159,943 134,826
Cash at bank and in hand 150,360 127,163
310,303 261,989
Creditors: Amounts Falling Due Within One Year 7 (250,708 ) (213,624 )
NET CURRENT ASSETS (LIABILITIES) 59,595 48,365
TOTAL ASSETS LESS CURRENT LIABILITIES 502,990 497,971
Creditors: Amounts Falling Due After More Than One Year 8 (204,488 ) (215,348 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (441 ) (711 )
NET ASSETS 298,061 281,912
CAPITAL AND RESERVES
Called up share capital 10 1,628 1,630
Profit and Loss Account 296,433 280,282
SHAREHOLDERS' FUNDS 298,061 281,912
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Page 2
For the year ending 31 December 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 Andrew David Middleton Dunning
Director
Ms Elaine Patricia Lamb
Director
10 September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Associated Independent Electrical Wholesalers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04137743 . The registered office is B6 Lows Lane, Stanton-By-Dale, Ilkeston, Derbyshire, DE7 4RJ.
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:
Freehold N/A
Fixtures & Fittings 33.33% straight line
Computer Equipment 33.33% straight line
2.4. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. 
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period. 
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned. 
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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2.6. Exemption from preparing group accounts
The financial statements contain information about Associated Independent Electrical Wholesalers Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 398 of the Companies Act 2006 from preparing group accounts as it is a small group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 8)
9 8
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 419,685 23,725 12,652 456,062
Additions - 708 2,475 3,183
As at 31 December 2023 419,685 24,433 15,127 459,245
Depreciation
As at 1 January 2023 - 21,385 11,249 32,634
Provided during the period - 1,499 2,228 3,727
As at 31 December 2023 - 22,884 13,477 36,361
Net Book Value
As at 31 December 2023 419,685 1,549 1,650 422,884
As at 1 January 2023 419,685 2,340 1,403 423,428
5. Investments
Other
£
Cost
As at 1 January 2023 26,178
Disposals (5,667 )
As at 31 December 2023 20,511
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 20,511
As at 1 January 2023 26,178
Other investments consist of shares in group undertakings and participating interests.
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 116,270 92,815
Prepayments and accrued income 19,222 14,688
Other debtors 94 96
Amounts owed by group undertakings 24,357 27,227
159,943 134,826
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 67,424 56,425
Bank loans and overdrafts 14,471 13,093
Corporation tax 62,628 42,692
Other taxes and social security 15,352 12,725
Other creditors 2,022 1,665
Accruals and deferred income 88,811 87,024
250,708 213,624
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 204,488 215,348
Of the creditors falling due within and after more than one year the following amounts are due after more than five years, and are payable by installment.
2023 2022
£ £
Bank loans 139,158 155,019
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by a legal charge over the property.
2023 2022
£ £
Bank loans and overdrafts 218,959 228,438
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,628 1,630
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 12,351 11,443
Later than one year and not later than five years 16,324 13,248
28,675 24,691
12. Pension Commitments
The company operates a defined contribution pension scheme for the employees. At the balance sheet date unpaid contributions of £2,022 (2022: £1,665) were due to the scheme. They are included in other creditors.
13. Related Party Transactions
The company provided goods and services to and received goods and services from both of its
subsidiary companies. All transactions were at market value.
A management charge of £18,000 (2022: £21,000) was paid to the company from AIEW Distribution Limited. 
At the balance sheet date, an amount was due to the company from AIEW Distribution Ltd of £24,357 (2022:£27,227). This balance is due within normal commercial terms.
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