Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05902153 Mr Stuart Wright Mrs Magdalena Wright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05902153 2023-08-31 05902153 2024-08-31 05902153 2023-09-01 2024-08-31 05902153 frs-core:CurrentFinancialInstruments 2024-08-31 05902153 frs-core:Non-currentFinancialInstruments 2024-08-31 05902153 frs-core:ComputerEquipment 2024-08-31 05902153 frs-core:ComputerEquipment 2023-09-01 2024-08-31 05902153 frs-core:ComputerEquipment 2023-08-31 05902153 frs-core:FurnitureFittings 2024-08-31 05902153 frs-core:FurnitureFittings 2023-09-01 2024-08-31 05902153 frs-core:FurnitureFittings 2023-08-31 05902153 frs-core:PlantMachinery 2024-08-31 05902153 frs-core:PlantMachinery 2023-09-01 2024-08-31 05902153 frs-core:PlantMachinery 2023-08-31 05902153 frs-core:ShareCapital 2024-08-31 05902153 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05902153 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05902153 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05902153 frs-bus:SmallEntities 2023-09-01 2024-08-31 05902153 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05902153 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05902153 frs-bus:Director1 2023-09-01 2024-08-31 05902153 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 05902153 frs-countries:EnglandWales 2023-09-01 2024-08-31 05902153 2022-08-31 05902153 2023-08-31 05902153 2022-09-01 2023-08-31 05902153 frs-core:CurrentFinancialInstruments 2023-08-31 05902153 frs-core:Non-currentFinancialInstruments 2023-08-31 05902153 frs-core:ShareCapital 2023-08-31 05902153 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05902153
SGW Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05902153
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,883 1,978
1,883 1,978
CURRENT ASSETS
Debtors 5 16,621 17,679
Cash at bank and in hand 450 359
17,071 18,038
Creditors: Amounts Falling Due Within One Year 6 (10,738 ) (8,262 )
NET CURRENT ASSETS (LIABILITIES) 6,333 9,776
TOTAL ASSETS LESS CURRENT LIABILITIES 8,216 11,754
Creditors: Amounts Falling Due After More Than One Year 7 (6,772 ) (11,272 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (376 ) (376 )
NET ASSETS 1,068 106
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 968 6
SHAREHOLDERS' FUNDS 1,068 106
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For the year ending 31 August 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 Stuart Wright
Director
27/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SGW Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05902153 . The registered office is 25 Spring Vale, Greenhithe, Kent, DA9 9HA.
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.
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 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
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. 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 years 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 278 1,000 2,839 4,117
Additions - - 237 237
As at 31 August 2024 278 1,000 3,076 4,354
Depreciation
As at 1 September 2023 202 728 1,209 2,139
Provided during the period 11 41 280 332
As at 31 August 2024 213 769 1,489 2,471
Net Book Value
As at 31 August 2024 65 231 1,587 1,883
As at 1 September 2023 76 272 1,630 1,978
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,655 6,480
VAT 187 -
Director's loan account 12,779 11,199
16,621 17,679
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,300 1,300
Bank loans and overdrafts 3,000 -
Corporation tax 6,346 6,860
VAT - 10
Other creditors 92 92
10,738 8,262
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,772 11,272
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included in the Other Debtors is an amount owed from the company director Mr Stuart Wright totalling £12,779 (2023 - £11,199), no interest is to be charged.
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