Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 10354444 Mr Gary Hagon Mrs Rosie Hagon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10354444 2023-09-30 10354444 2024-09-30 10354444 2023-10-01 2024-09-30 10354444 frs-core:CurrentFinancialInstruments 2024-09-30 10354444 frs-core:Non-currentFinancialInstruments 2024-09-30 10354444 frs-core:ComputerEquipment 2024-09-30 10354444 frs-core:ComputerEquipment 2023-10-01 2024-09-30 10354444 frs-core:ComputerEquipment 2023-09-30 10354444 frs-core:MotorVehicles 2024-09-30 10354444 frs-core:MotorVehicles 2023-10-01 2024-09-30 10354444 frs-core:MotorVehicles 2023-09-30 10354444 frs-core:PlantMachinery 2024-09-30 10354444 frs-core:PlantMachinery 2023-10-01 2024-09-30 10354444 frs-core:PlantMachinery 2023-09-30 10354444 frs-core:ShareCapital 2024-09-30 10354444 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10354444 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10354444 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10354444 frs-bus:SmallEntities 2023-10-01 2024-09-30 10354444 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10354444 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10354444 frs-bus:Director1 2023-10-01 2024-09-30 10354444 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 10354444 frs-countries:EnglandWales 2023-10-01 2024-09-30 10354444 2022-09-30 10354444 2023-09-30 10354444 2022-10-01 2023-09-30 10354444 frs-core:CurrentFinancialInstruments 2023-09-30 10354444 frs-core:Non-currentFinancialInstruments 2023-09-30 10354444 frs-core:ShareCapital 2023-09-30 10354444 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 10354444
Gary Hagon Electrical Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10354444
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,916 15,060
11,916 15,060
CURRENT ASSETS
Debtors 5 26,446 13,039
Cash at bank and in hand 2,392 5,986
28,838 19,025
Creditors: Amounts Falling Due Within One Year 6 (23,670 ) (18,717 )
NET CURRENT ASSETS (LIABILITIES) 5,168 308
TOTAL ASSETS LESS CURRENT LIABILITIES 17,084 15,368
Creditors: Amounts Falling Due After More Than One Year 7 (2,250 ) (5,250 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,979 ) (2,861 )
NET ASSETS 11,855 7,257
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 11,755 7,157
SHAREHOLDERS' FUNDS 11,855 7,257
Page 1
Page 2
For the year ending 30 September 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 Gary Hagon
Director
14/01/2025
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
Gary Hagon Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10354444 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 3 (2023: 3)
3 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 24,996 21,260 2,536 48,792
Additions 829 - - 829
As at 30 September 2024 25,825 21,260 2,536 49,621
Depreciation
As at 1 October 2023 23,234 9,301 1,197 33,732
Provided during the period (1,594 ) 5,232 335 3,973
As at 30 September 2024 21,640 14,533 1,532 37,705
Net Book Value
As at 30 September 2024 4,185 6,727 1,004 11,916
As at 1 October 2023 1,762 11,959 1,339 15,060
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,446 13,039
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,523 4,011
Bank loans and overdrafts 3,000 3,000
Corporation tax 6,706 1,313
Other taxes and social security 1,705 882
VAT 5,722 7,249
Other creditors 555 1,287
Accruals and deferred income - 100
Director's loan account 459 875
23,670 18,717
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,250 5,250
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5