Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09396406 Mr Nikolas Hackett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09396406 2023-01-31 09396406 2024-01-31 09396406 2023-02-01 2024-01-31 09396406 frs-core:CurrentFinancialInstruments 2024-01-31 09396406 frs-core:Non-currentFinancialInstruments 2024-01-31 09396406 frs-core:FurnitureFittings 2024-01-31 09396406 frs-core:FurnitureFittings 2023-02-01 2024-01-31 09396406 frs-core:FurnitureFittings 2023-01-31 09396406 frs-core:MotorVehicles 2024-01-31 09396406 frs-core:MotorVehicles 2023-02-01 2024-01-31 09396406 frs-core:MotorVehicles 2023-01-31 09396406 frs-core:PlantMachinery 2024-01-31 09396406 frs-core:PlantMachinery 2023-02-01 2024-01-31 09396406 frs-core:PlantMachinery 2023-01-31 09396406 frs-core:ShareCapital 2024-01-31 09396406 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09396406 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09396406 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09396406 frs-bus:SmallEntities 2023-02-01 2024-01-31 09396406 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09396406 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09396406 frs-bus:Director1 2023-02-01 2024-01-31 09396406 frs-bus:Director1 2023-01-31 09396406 frs-bus:Director1 2024-01-31 09396406 frs-core:CurrentFinancialInstruments 1 2024-01-31 09396406 frs-core:CurrentFinancialInstruments 2 2024-01-31 09396406 frs-countries:EnglandWales 2023-02-01 2024-01-31 09396406 2022-01-31 09396406 2023-01-31 09396406 2022-02-01 2023-01-31 09396406 frs-core:CurrentFinancialInstruments 2023-01-31 09396406 frs-core:Non-currentFinancialInstruments 2023-01-31 09396406 frs-core:ShareCapital 2023-01-31 09396406 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 09396406 frs-core:CurrentFinancialInstruments 1 2023-01-31 09396406 frs-core:CurrentFinancialInstruments 2 2023-01-31
Registered number: 09396406
Electriserve Ltd
Financial Statements
For The Year Ended 31 January 2024
Hill Wooldridge Accountants Ltd
Chartered Certified Accountants
55 Crown Street
Brentwood
Essex
CM14 4BD
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09396406
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,664 65,342
57,664 65,342
CURRENT ASSETS
Stocks 5 1,788 2,126
Debtors 6 15,514 30,947
Cash at bank and in hand 66,592 2,050
83,894 35,123
Creditors: Amounts Falling Due Within One Year 7 (43,482 ) (21,068 )
NET CURRENT ASSETS (LIABILITIES) 40,412 14,055
TOTAL ASSETS LESS CURRENT LIABILITIES 98,076 79,397
Creditors: Amounts Falling Due After More Than One Year 8 (45,067 ) (55,744 )
NET ASSETS 53,009 23,653
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 53,008 23,652
SHAREHOLDERS' FUNDS 53,009 23,653
Page 1
Page 2
For the year ending 31 January 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 Nikolas Hackett
Director
15th April 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
Electriserve Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09396406 . The registered office is 55 Crown Street, Brentwood, Essex, CM14 4BD.
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 20% of cost per year
Motor Vehicles 10% of cost per year
Fixtures & Fittings 10% of cost per year
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.
Page 3
Page 4
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 24,530 54,372 6,122 85,024
Additions 2,042 - - 2,042
As at 31 January 2024 26,572 54,372 6,122 87,066
Depreciation
As at 1 February 2023 15,616 1,812 2,254 19,682
Provided during the period 3,671 5,437 612 9,720
As at 31 January 2024 19,287 7,249 2,866 29,402
Net Book Value
As at 31 January 2024 7,285 47,123 3,256 57,664
As at 1 February 2023 8,914 52,560 3,868 65,342
5. Stocks
2024 2023
£ £
Materials 1,788 2,126
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,055 22,940
Prepayments and accrued income - 5,880
Loans 4,500 -
Corporation tax recoverable assets - 1,844
Other taxes and social security 283 283
Director's loan account 5,676 -
15,514 30,947
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 4,000 4,000
Corporation tax 21,390 -
VAT 6,106 5,244
HP due next year 6,677 6,677
Customer payment error 2,232 -
Credit card 1,864 -
Accruals and deferred income 1,213 1,113
Director's loan account - 4,034
43,482 21,068
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,667 12,667
Hire purchase 36,400 43,077
45,067 55,744
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5
Page 6
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Nikolas Hackett - 5,676 - - 5,676
The above loan is unsecured, interest free and repayable on demand.
Page 6