Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10697156 R K Chauhan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10697156 2023-03-31 10697156 2024-03-31 10697156 2023-04-01 2024-03-31 10697156 frs-core:CurrentFinancialInstruments 2024-03-31 10697156 frs-core:Non-currentFinancialInstruments 2024-03-31 10697156 frs-core:FurnitureFittings 2024-03-31 10697156 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10697156 frs-core:FurnitureFittings 2023-03-31 10697156 frs-core:MotorVehicles 2024-03-31 10697156 frs-core:MotorVehicles 2023-04-01 2024-03-31 10697156 frs-core:MotorVehicles 2023-03-31 10697156 frs-core:ShareCapital 2024-03-31 10697156 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10697156 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10697156 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10697156 frs-bus:SmallEntities 2023-04-01 2024-03-31 10697156 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10697156 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10697156 frs-bus:Director1 2023-04-01 2024-03-31 10697156 frs-countries:EnglandWales 2023-04-01 2024-03-31 10697156 2022-03-31 10697156 2023-03-31 10697156 2022-04-01 2023-03-31 10697156 frs-core:CurrentFinancialInstruments 2023-03-31 10697156 frs-core:Non-currentFinancialInstruments 2023-03-31 10697156 frs-core:ShareCapital 2023-03-31 10697156 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10697156
R. K. Electrical Services (Leic) Ltd
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 10697156
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1
1 1
CURRENT ASSETS
Stocks 5 4,815 6,950
Debtors 6 1,940 241
Cash at bank and in hand 16,816 12,680
23,571 19,871
Creditors: Amounts Falling Due Within One Year 7 (14,051 ) (9,627 )
NET CURRENT ASSETS (LIABILITIES) 9,520 10,244
TOTAL ASSETS LESS CURRENT LIABILITIES 9,521 10,245
Creditors: Amounts Falling Due After More Than One Year 8 (6,732 ) (9,717 )
NET ASSETS 2,789 528
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 2,689 428
SHAREHOLDERS' FUNDS 2,789 528
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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 Income Statement.
On behalf of the board
R K Chauhan
Director
24th December 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
R. K. Electrical Services (Leic) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10697156 . The registered office is 109 Coleman Road, Leicester, Leicestershire, LE5 4LE.
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 rendering of services.
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:
Motor Vehicles 20% on cost
Fixtures & Fittings 20% on cost
2.4. Stocks and Work in Progress
Work in progress is 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.
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 tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 10,000 2,524 12,524
As at 31 March 2024 10,000 2,524 12,524
Depreciation
As at 1 April 2023 10,000 2,523 12,523
As at 31 March 2024 10,000 2,523 12,523
Net Book Value
As at 31 March 2024 - 1 1
As at 1 April 2023 - 1 1
5. Stocks
2024 2023
£ £
Stock and Work in progress 4,815 6,950
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,940 241
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 740 3,851
Other creditors 9,327 4,153
Taxation and social security 3,984 1,623
14,051 9,627
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,732 9,717
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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