Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 05954005 Mr Terrence Bennett Mrs Louise Bennett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05954005 2023-07-31 05954005 2024-07-31 05954005 2023-08-01 2024-07-31 05954005 frs-core:CurrentFinancialInstruments 2024-07-31 05954005 frs-core:Non-currentFinancialInstruments 2024-07-31 05954005 frs-core:BetweenOneFiveYears 2024-07-31 05954005 frs-core:ComputerEquipment 2024-07-31 05954005 frs-core:ComputerEquipment 2023-08-01 2024-07-31 05954005 frs-core:ComputerEquipment 2023-07-31 05954005 frs-core:FurnitureFittings 2024-07-31 05954005 frs-core:FurnitureFittings 2023-08-01 2024-07-31 05954005 frs-core:FurnitureFittings 2023-07-31 05954005 frs-core:MotorVehicles 2024-07-31 05954005 frs-core:MotorVehicles 2023-08-01 2024-07-31 05954005 frs-core:MotorVehicles 2023-07-31 05954005 frs-core:PlantMachinery 2024-07-31 05954005 frs-core:PlantMachinery 2023-08-01 2024-07-31 05954005 frs-core:PlantMachinery 2023-07-31 05954005 frs-core:WithinOneYear 2024-07-31 05954005 frs-core:ShareCapital 2024-07-31 05954005 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 05954005 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05954005 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 05954005 frs-bus:SmallEntities 2023-08-01 2024-07-31 05954005 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 05954005 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 05954005 frs-bus:Director1 2023-08-01 2024-07-31 05954005 frs-bus:Director2 2023-08-01 2024-07-31 05954005 frs-countries:EnglandWales 2023-08-01 2024-07-31 05954005 2022-07-31 05954005 2023-07-31 05954005 2022-08-01 2023-07-31 05954005 frs-core:CurrentFinancialInstruments 2023-07-31 05954005 frs-core:Non-currentFinancialInstruments 2023-07-31 05954005 frs-core:BetweenOneFiveYears 2023-07-31 05954005 frs-core:WithinOneYear 2023-07-31 05954005 frs-core:ShareCapital 2023-07-31 05954005 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 05954005
Tb Electrics And Home Improvements Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Cloud 10 Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05954005
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 147,724 123,067
Investment Properties 5 93,304 -
241,028 123,067
CURRENT ASSETS
Stocks 6 150,741 470,360
Debtors 7 374,379 166,427
Cash at bank and in hand 479,269 407,929
1,004,389 1,044,716
Creditors: Amounts Falling Due Within One Year 8 (788,369 ) (759,727 )
NET CURRENT ASSETS (LIABILITIES) 216,020 284,989
TOTAL ASSETS LESS CURRENT LIABILITIES 457,048 408,056
Creditors: Amounts Falling Due After More Than One Year 9 (44,956 ) (69,289 )
NET ASSETS 412,092 338,767
CAPITAL AND RESERVES
Called up share capital 11 103 103
Profit and Loss Account 411,989 338,664
SHAREHOLDERS' FUNDS 412,092 338,767
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For the year ending 31 July 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
Mrs Louise Bennett
Director
30/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Tb Electrics And Home Improvements Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05954005 . The registered office is 207 Runcorn Road, Northwich, Cheshire, CW8 4HR.
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.
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 reference to when performance obligations are met and revenue is recognised when the obligation has been met.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs when performance obligations are completed.
2.7. 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.
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.
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2.8. 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.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 21)
22 21
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 45,640 162,700 4,869 15,979 229,188
Additions 15,833 38,830 - 4,721 59,384
As at 31 July 2024 61,473 201,530 4,869 20,700 288,572
Depreciation
As at 1 August 2023 29,137 63,880 1,878 11,226 106,121
Provided during the period 5,488 26,191 796 2,252 34,727
As at 31 July 2024 34,625 90,071 2,674 13,478 140,848
Net Book Value
As at 31 July 2024 26,848 111,459 2,195 7,222 147,724
As at 1 August 2023 16,503 98,820 2,991 4,753 123,067
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 -
Additions 93,304
As at 31 July 2024 93,304
6. Stocks
2024 2023
£ £
Stock 48,485 125,240
Work in progress 102,256 345,120
150,741 470,360
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 354,401 115,647
Other debtors 19,978 50,780
374,379 166,427
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,072 22,473
Trade creditors 184,435 107,892
Bank loans and overdrafts 2,227 36,725
Other creditors 459,185 476,394
Taxation and social security 115,450 116,243
788,369 759,727
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 44,956 48,729
Bank loans - 20,560
44,956 69,289
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 27,072 22,473
Later than one year and not later than five years 44,956 48,729
72,028 71,202
72,028 71,202
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
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