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 03188861 Mrs Cathleen Morris Mr Michael Morris Mr Michael Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03188861 2023-03-31 03188861 2024-03-31 03188861 2023-04-01 2024-03-31 03188861 frs-core:CurrentFinancialInstruments 2024-03-31 03188861 frs-core:Non-currentFinancialInstruments 2024-03-31 03188861 frs-core:FurnitureFittings 2024-03-31 03188861 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03188861 frs-core:FurnitureFittings 2023-03-31 03188861 frs-core:MotorVehicles 2024-03-31 03188861 frs-core:MotorVehicles 2023-04-01 2024-03-31 03188861 frs-core:MotorVehicles 2023-03-31 03188861 frs-core:ShareCapital 2024-03-31 03188861 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03188861 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03188861 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03188861 frs-bus:SmallEntities 2023-04-01 2024-03-31 03188861 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03188861 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03188861 frs-bus:Director1 2023-04-01 2024-03-31 03188861 frs-bus:Director2 2023-04-01 2024-03-31 03188861 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03188861 frs-core:CurrentFinancialInstruments 1 2024-03-31 03188861 frs-countries:EnglandWales 2023-04-01 2024-03-31 03188861 2022-03-31 03188861 2023-03-31 03188861 2022-04-01 2023-03-31 03188861 frs-core:CurrentFinancialInstruments 2023-03-31 03188861 frs-core:Non-currentFinancialInstruments 2023-03-31 03188861 frs-core:ShareCapital 2023-03-31 03188861 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 03188861 frs-core:CurrentFinancialInstruments 1 2023-03-31 03188861 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 03188861
High Voltage Systems Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2024
Solid Rock Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03188861
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,894 48,539
32,894 48,539
CURRENT ASSETS
Stocks 5 20,640 7,363
Debtors 6 69,603 69,351
Cash at bank and in hand 63,341 93,530
153,584 170,244
Creditors: Amounts Falling Due Within One Year 7 (6,431 ) (18,761 )
NET CURRENT ASSETS (LIABILITIES) 147,153 151,483
TOTAL ASSETS LESS CURRENT LIABILITIES 180,047 200,022
Creditors: Amounts Falling Due After More Than One Year 8 (151,991 ) (159,511 )
NET ASSETS 28,056 40,511
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 28,054 40,509
SHAREHOLDERS' FUNDS 28,056 40,511
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 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 Michael Morris
Director
18/09/2024
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
High Voltage Systems Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03188861 . The registered office is Chalfont House, West Street, WELFORD, Northamptonshire, NN6 6HU.
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:
Motor Vehicles 25%
Fixtures & Fittings 15%
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 52,928 138,626 191,554
Disposals (15,833 ) - (15,833 )
As at 31 March 2024 37,095 138,626 175,721
Depreciation
As at 1 April 2023 36,096 106,919 143,015
Provided during the period 1,982 4,757 6,739
Disposals (6,927 ) - (6,927 )
As at 31 March 2024 31,151 111,676 142,827
...CONTINUED
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Page 4
Net Book Value
As at 31 March 2024 5,944 26,950 32,894
As at 1 April 2023 16,832 31,707 48,539
5. Stocks
2024 2023
£ £
Stock 20,640 7,363
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 62,571 59,323
Prepayments and accrued income 4,900 4,200
Other debtors (1) 2,000 2,000
Debtor Simon Loan - 2,746
VAT 132 -
Net wages - 1,082
69,603 69,351
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 2,918 1,166
VAT - 10,146
Other creditors - 4,619
Accruals and deferred income 3,513 2,830
6,431 18,761
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 151,991 159,511
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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