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Registered number: 04146608
Universal Installation & Maintenance Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Brendan P Byrne & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04146608
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 566,050 597,591
566,050 597,591
CURRENT ASSETS
Stocks 6 980 980
Debtors 7 101,237 97,773
Cash at bank and in hand 121,219 45,524
223,436 144,277
Creditors: Amounts Falling Due Within One Year 8 (220,385 ) (190,092 )
NET CURRENT ASSETS (LIABILITIES) 3,051 (45,815 )
TOTAL ASSETS LESS CURRENT LIABILITIES 569,101 551,776
Creditors: Amounts Falling Due After More Than One Year 9 (258,466 ) (291,828 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,705 ) (13,148 )
NET ASSETS 296,930 246,800
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 296,929 246,799
SHAREHOLDERS' FUNDS 296,930 246,800
Page 1
Page 2
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 Peter McMillan
Director
20th November 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
Universal Installation & Maintenance Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04146608 . The registered office is Spillers House 220 Main Road, Sutton At Hone, Dartford, DA4 9HJ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. 
2.4. 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:
Freehold No Depreciation Applied
Plant & Machinery 20% Reducing Balance
Motor Vehicles 30% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 30% Reducing Balance
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. 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
2.7. 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.
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 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: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 9,620
As at 31 March 2024 9,620
Amortisation
As at 1 April 2023 9,620
As at 31 March 2024 9,620
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 482,595 51,498 136,141 28,449 698,683
Additions - - 23,695 1,530 25,225
Disposals - - (26,800 ) - (26,800 )
As at 31 March 2024 482,595 51,498 133,036 29,979 697,108
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 - 17,614 66,939 16,539 101,092
Provided during the period - 6,777 19,829 3,360 29,966
As at 31 March 2024 - 24,391 86,768 19,899 131,058
Net Book Value
As at 31 March 2024 482,595 27,107 46,268 10,080 566,050
As at 1 April 2023 482,595 33,884 69,202 11,910 597,591
6. Stocks
2024 2023
£ £
Stock 980 980
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 97,245 93,711
Prepayments and accrued income 2,863 2,933
Other debtors 1,129 1,129
101,237 97,773
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,815 14,772
Trade creditors 55,275 51,467
Bank loans and overdrafts 51,816 61,667
Corporation tax 9,668 (1,626 )
Other taxes and social security 4,141 563
VAT 16,210 18,945
Other creditors 17,213 -
Accruals and deferred income 23,247 4,304
Director's loan account 30,000 40,000
220,385 190,092
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,223 26,356
Bank loans 242,243 265,472
258,466 291,828
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,815 14,772
Later than one year and not later than five years 16,223 26,356
29,038 41,128
29,038 41,128
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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