Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 03987814 Mr Lee Anthony Mr David Anthony Mr David Anthony iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03987814 2023-05-31 03987814 2024-05-31 03987814 2023-06-01 2024-05-31 03987814 frs-core:CurrentFinancialInstruments 2024-05-31 03987814 frs-core:ComputerEquipment 2024-05-31 03987814 frs-core:ComputerEquipment 2023-06-01 2024-05-31 03987814 frs-core:ComputerEquipment 2023-05-31 03987814 frs-core:FurnitureFittings 2024-05-31 03987814 frs-core:FurnitureFittings 2023-06-01 2024-05-31 03987814 frs-core:FurnitureFittings 2023-05-31 03987814 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 03987814 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03987814 frs-core:MotorVehicles 2024-05-31 03987814 frs-core:MotorVehicles 2023-06-01 2024-05-31 03987814 frs-core:MotorVehicles 2023-05-31 03987814 frs-core:PlantMachinery 2024-05-31 03987814 frs-core:PlantMachinery 2023-06-01 2024-05-31 03987814 frs-core:PlantMachinery 2023-05-31 03987814 frs-core:ShareCapital 2024-05-31 03987814 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 03987814 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03987814 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 03987814 frs-bus:SmallEntities 2023-06-01 2024-05-31 03987814 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03987814 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 03987814 frs-bus:Director1 2023-06-01 2024-05-31 03987814 frs-bus:Director2 2023-06-01 2024-05-31 03987814 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 03987814 frs-countries:EnglandWales 2023-06-01 2024-05-31 03987814 2022-05-31 03987814 2023-05-31 03987814 2022-06-01 2023-05-31 03987814 frs-core:CurrentFinancialInstruments 2023-05-31 03987814 frs-core:WithinOneYear 2023-05-31 03987814 frs-core:ShareCapital 2023-05-31 03987814 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 03987814
LA Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
User Friendly Business Solutions Ltd
FCMA
36 Riverside Court
Tuckton Road
Tuckton
Bournemouth
BH6 3AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03987814
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,076 14,076
14,076 14,076
CURRENT ASSETS
Debtors 5 83,302 48,510
Cash at bank and in hand 9,861 19,146
93,163 67,656
Creditors: Amounts Falling Due Within One Year 6 (18,042 ) (5,694 )
NET CURRENT ASSETS (LIABILITIES) 75,121 61,962
TOTAL ASSETS LESS CURRENT LIABILITIES 89,197 76,038
PROVISIONS FOR LIABILITIES
Provisions For Charges - (555 )
NET ASSETS 89,197 75,483
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 89,097 75,383
SHAREHOLDERS' FUNDS 89,197 75,483
Page 1
Page 2
For the year ending 31 May 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 Lee Anthony
Director
29/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LA Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03987814 . The registered office is 36 Riverside Court, Tuckton Road, Tuckton, Bournemouth, BH6 3AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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:
Freehold 0
Leasehold 0
Plant & Machinery 33.3
Motor Vehicles 25
Fixtures & Fittings 50
Computer Equipment 50
2.4. 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.
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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 3,619 23,460 9,212 3,231 39,522
As at 31 May 2024 3,619 23,460 9,212 3,231 39,522
Depreciation
As at 1 June 2023 3,619 9,384 9,212 3,231 25,446
As at 31 May 2024 3,619 9,384 9,212 3,231 25,446
Net Book Value
As at 31 May 2024 - 14,076 - - 14,076
As at 1 June 2023 - 14,076 - - 14,076
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 41,170 21,857
Directors' loan accounts 42,132 26,653
83,302 48,510
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 904
Trade creditors 10,529 4,445
Bank loans and overdrafts 10 -
Corporation tax 2,995 -
VAT 4,508 295
Net wages - 50
18,042 5,694
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 904
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5