Acorah Software Products - Accounts Production 16.0.110 false true false 1 April 2023 31 March 2024 31 March 2024 3439878 Mrs Elizabeth Garvey Mr Alec Game Mrs Elizabeth Garvey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3439878 2023-03-31 3439878 2024-03-31 3439878 2023-04-01 2024-03-31 3439878 frs-core:CurrentFinancialInstruments 2024-03-31 3439878 frs-core:Non-currentFinancialInstruments 2024-03-31 3439878 frs-core:ComputerEquipment 2024-03-31 3439878 frs-core:ComputerEquipment 2023-04-01 2024-03-31 3439878 frs-core:ComputerEquipment 2023-03-31 3439878 frs-core:FurnitureFittings 2024-03-31 3439878 frs-core:FurnitureFittings 2023-04-01 2024-03-31 3439878 frs-core:FurnitureFittings 2023-03-31 3439878 frs-core:MotorVehicles 2024-03-31 3439878 frs-core:MotorVehicles 2023-04-01 2024-03-31 3439878 frs-core:MotorVehicles 2023-03-31 3439878 frs-core:PlantMachinery 2024-03-31 3439878 frs-core:PlantMachinery 2023-04-01 2024-03-31 3439878 frs-core:PlantMachinery 2023-03-31 3439878 frs-core:ShareCapital 2024-03-31 3439878 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 3439878 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 3439878 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 3439878 frs-bus:SmallEntities 2023-04-01 2024-03-31 3439878 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 3439878 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 3439878 frs-core:UnlistedNon-exchangeTraded 2024-03-31 3439878 frs-core:UnlistedNon-exchangeTraded 2023-03-31 3439878 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 3439878 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 3439878 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 3439878 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 3439878 frs-bus:Director1 2023-04-01 2024-03-31 3439878 frs-bus:Director1 2023-03-31 3439878 frs-bus:Director1 2024-03-31 3439878 frs-bus:Director2 2023-04-01 2024-03-31 3439878 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 3439878 frs-countries:EnglandWales 2023-04-01 2024-03-31
Registered number: 3439878
Merlin Electrical Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Blue Rocket Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 3439878
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 3,882
Investments 5 80
3,962
CURRENT ASSETS
Stocks 6 2,000
Debtors 7 283,920
Cash at bank and in hand 118,611
404,531
Creditors: Amounts Falling Due Within One Year 8 (108,821 )
NET CURRENT ASSETS (LIABILITIES) 295,710
TOTAL ASSETS LESS CURRENT LIABILITIES 299,672
Creditors: Amounts Falling Due After More Than One Year 9 (20,999 )
NET ASSETS 278,673
CAPITAL AND RESERVES
Called up share capital 10 200
Profit and Loss Account 278,473
SHAREHOLDERS' FUNDS 278,673
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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 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 Alec Game
Director
04/11/2024
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
Merlin Electrical Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 3439878 . The registered office is Bramling Oast, Amber Lane, Chart Sutton, Maidstone, Kent, ME17 3SF.
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% Straight Line
Motor Vehicles 20% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% Straight Line
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.
2.5. 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 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 11
11
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 30,961 101,200 11,489 15,571 159,221
Additions 1,459 - - 1,460 2,919
As at 31 March 2024 32,420 101,200 11,489 17,031 162,140
Depreciation
As at 1 April 2023 29,643 100,364 10,706 14,903 155,616
Provided during the period 769 836 335 702 2,642
As at 31 March 2024 30,412 101,200 11,041 15,605 158,258
Net Book Value
As at 31 March 2024 2,008 - 448 1,426 3,882
As at 1 April 2023 1,318 836 783 668 3,605
5. Investments
Unlisted
£
Cost
As at 1 April 2023 80
As at 31 March 2024 80
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 80
As at 1 April 2023 80
6. Stocks
2024
£
Stock 2,000
7. Debtors
2024
£
Due within one year
Trade debtors 183,281
Amounts owed by group undertakings 9,932
Other debtors 90,707
283,920
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8. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 17,500
Bank loans and overdrafts 9,747
Other creditors 24,569
Taxation and social security 57,005
108,821
9. Creditors: Amounts Falling Due After More Than One Year
2024
£
Bank loans 20,999
10. Share Capital
2024
£
Allotted, Called up and fully paid 200
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Alec Game 73,040 34,956 50,000 - -
The above loan is unsecured, interest free and repayable on demand.
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