Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03704478 Mr Anthony Mason Anthony Mason & Lucy Mason Suite 2, Sigma House, Hadley Park East, Telford, Shropshire, United Kingdom, TF1 6QJ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03704478 2023-03-31 03704478 2024-03-31 03704478 2023-04-01 2024-03-31 03704478 frs-core:CurrentFinancialInstruments 2024-03-31 03704478 frs-core:Non-currentFinancialInstruments 2024-03-31 03704478 frs-core:BetweenOneFiveYears 2024-03-31 03704478 frs-core:ComputerEquipment 2024-03-31 03704478 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03704478 frs-core:ComputerEquipment 2023-03-31 03704478 frs-core:FurnitureFittings 2024-03-31 03704478 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03704478 frs-core:FurnitureFittings 2023-03-31 03704478 frs-core:MotorVehicles 2024-03-31 03704478 frs-core:MotorVehicles 2023-04-01 2024-03-31 03704478 frs-core:MotorVehicles 2023-03-31 03704478 frs-core:PlantMachinery 2024-03-31 03704478 frs-core:PlantMachinery 2023-04-01 2024-03-31 03704478 frs-core:PlantMachinery 2023-03-31 03704478 frs-core:WithinOneYear 2024-03-31 03704478 frs-core:ShareCapital 2024-03-31 03704478 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03704478 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03704478 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03704478 frs-bus:SmallEntities 2023-04-01 2024-03-31 03704478 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03704478 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03704478 1 2023-04-01 2024-03-31 03704478 frs-bus:Director1 2023-04-01 2024-03-31 03704478 frs-countries:EnglandWales 2023-04-01 2024-03-31 03704478 2022-03-31 03704478 2023-03-31 03704478 2022-04-01 2023-03-31 03704478 frs-core:CurrentFinancialInstruments 2023-03-31 03704478 frs-core:Non-currentFinancialInstruments 2023-03-31 03704478 frs-core:BetweenOneFiveYears 2023-03-31 03704478 frs-core:MotorVehicles 2022-04-01 2023-03-31 03704478 frs-core:WithinOneYear 2023-03-31 03704478 frs-core:ShareCapital 2023-03-31 03704478 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03704478
DBM Electrical Supplies Ltd
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 03704478
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 84,669 93,506
84,669 93,506
CURRENT ASSETS
Stocks 4 112,496 114,920
Debtors 5 299,661 250,151
Cash at bank and in hand 68,151 75,497
480,308 440,568
Creditors: Amounts Falling Due Within One Year 6 (272,160 ) (244,617 )
NET CURRENT ASSETS (LIABILITIES) 208,148 195,951
TOTAL ASSETS LESS CURRENT LIABILITIES 292,817 289,457
Creditors: Amounts Falling Due After More Than One Year 7 (37,005 ) (44,917 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (18,830 ) (15,876 )
NET ASSETS 236,982 228,664
CAPITAL AND RESERVES
Called up share capital 11 12 12
Profit and Loss Account 236,970 228,652
SHAREHOLDERS' FUNDS 236,982 228,664
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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 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 Anthony Mason
Director
15 November 2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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. 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.


1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on reducing balance
1.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
1.5. 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.
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1.6. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

1.7. 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 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.
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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
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3. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 13,125 79,850 71,107 35,399 199,481
Additions - 58,100 - - 58,100
Disposals (8,507 ) (50,995 ) (44,543 ) - (104,045 )
As at 31 March 2024 4,618 86,955 26,564 35,399 153,536
Depreciation
As at 1 April 2023 11,646 14,615 52,922 26,792 105,975
Provided during the period 372 17,118 4,548 2,833 24,871
Disposals (8,460 ) (9,162 ) (44,357 ) - (61,979 )
As at 31 March 2024 3,558 22,571 13,113 29,625 68,867
Net Book Value
As at 31 March 2024 1,060 64,384 13,451 5,774 84,669
As at 1 April 2023 1,479 65,235 18,185 8,607 93,506
There are fixed and floating charges over the companies assets as follows;
National Westminister Bank PLC
The bank holds a debenture in the name of DBM Electrical Supplies Ltd, this is secured with fixed and floating charges over the undertaking and all its assets.
Lloyds Bank PLC
Amount secured: All monies due or to become due from the company to the chargee on any account whatsoever
Particulars
Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.
Included in the assets shown in the accounts are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 47,514 59,703
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4. Stocks
2024 2023
£ £
Materials 112,496 114,920
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 290,456 243,735
Amounts owed by group undertakings 9,205 6,416
299,661 250,151
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,134 10,496
Trade creditors 173,152 169,835
Bank loans and overdrafts 9,996 20,436
Corporation tax 52,295 24,310
VAT 24,441 17,650
Accruals and deferred income 2,142 1,890
272,160 244,617
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,334 23,246
Bank loans 11,671 21,671
37,005 44,917
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,468 33,742
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,134 10,496
Later than one year and not later than five years 25,334 23,246
35,468 33,742
35,468 33,742
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 18,830 15,876
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12 12
12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is ALM Holdings (Telford) Ltd. ALM Holdings (Telford) Ltd was incorporated in England and Wales, and has the address of Suite 2, Sigma House, Hadley Park East, Telford, Shropshire, United Kingdom, TF1 6QJ .
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