Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07653744 Mr Liam Hazell Mr Craig Borg QAGDORM6 Ltd Mr James Ellaway iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07653744 2023-06-30 07653744 2024-06-30 07653744 2023-07-01 2024-06-30 07653744 frs-core:CurrentFinancialInstruments 2024-06-30 07653744 frs-core:Non-currentFinancialInstruments 2024-06-30 07653744 frs-core:ComputerEquipment 2024-06-30 07653744 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07653744 frs-core:ComputerEquipment 2023-06-30 07653744 frs-core:FurnitureFittings 2024-06-30 07653744 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07653744 frs-core:FurnitureFittings 2023-06-30 07653744 frs-core:MotorVehicles 2024-06-30 07653744 frs-core:MotorVehicles 2023-07-01 2024-06-30 07653744 frs-core:MotorVehicles 2023-06-30 07653744 frs-core:PlantMachinery 2024-06-30 07653744 frs-core:PlantMachinery 2023-07-01 2024-06-30 07653744 frs-core:PlantMachinery 2023-06-30 07653744 frs-core:ShareCapital 2024-06-30 07653744 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07653744 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07653744 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07653744 frs-bus:SmallEntities 2023-07-01 2024-06-30 07653744 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07653744 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07653744 frs-bus:Director1 2023-07-01 2024-06-30 07653744 frs-bus:Director2 2023-07-01 2024-06-30 07653744 frs-bus:Director3 2023-07-01 2024-06-30 07653744 frs-bus:Director4 2023-07-01 2024-06-30 07653744 frs-core:CurrentFinancialInstruments 1 2024-06-30 07653744 frs-countries:EnglandWales 2023-07-01 2024-06-30 07653744 2022-06-30 07653744 2023-06-30 07653744 2022-07-01 2023-06-30 07653744 frs-core:CurrentFinancialInstruments 2023-06-30 07653744 frs-core:Non-currentFinancialInstruments 2023-06-30 07653744 frs-core:ShareCapital 2023-06-30 07653744 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 07653744 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 07653744
Electroteck Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07653744
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,130 33,274
30,130 33,274
CURRENT ASSETS
Stocks 5 340,013 281,651
Debtors 6 361,380 539,272
Cash at bank and in hand 698,841 264,037
1,400,234 1,084,960
Creditors: Amounts Falling Due Within One Year 7 (1,412,587 ) (1,061,291 )
NET CURRENT ASSETS (LIABILITIES) (12,353 ) 23,669
TOTAL ASSETS LESS CURRENT LIABILITIES 17,777 56,943
Creditors: Amounts Falling Due After More Than One Year 8 (9,640 ) (19,908 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,533 ) (6,655 )
NET ASSETS 604 30,380
CAPITAL AND RESERVES
Called up share capital 10 100 98
Profit and Loss Account 504 30,282
SHAREHOLDERS' FUNDS 604 30,380
Page 1
Page 2
For the year ending 30 June 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 Liam Hazell
Director
13/01/2025
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
Electroteck Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07653744 . 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 15% WDV
Motor Vehicles 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. 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.
2.5. 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.
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2.6. 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 16)
18 16
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 13,852 27,962 9,884 13,270 64,968
Additions - - 1,390 783 2,173
As at 30 June 2024 13,852 27,962 11,274 14,053 67,141
...CONTINUED
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Depreciation
As at 1 July 2023 10,257 11,073 2,840 7,524 31,694
Provided during the period 540 2,532 1,265 980 5,317
As at 30 June 2024 10,797 13,605 4,105 8,504 37,011
Net Book Value
As at 30 June 2024 3,055 14,357 7,169 5,549 30,130
As at 1 July 2023 3,595 16,889 7,044 5,746 33,274
5. Stocks
2024 2023
£ £
Work in progress 340,013 281,651
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 137,248 355,442
Other debtors 55,931 31,997
VAT 86,858 46,355
Directors' loan accounts 81,343 105,478
361,380 539,272
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 359,980 232,449
Bank loans and overdrafts 10,268 10,015
Corporation tax 64,525 79,812
Other taxes and social security 101,291 228,382
Other creditors 170,354 73,526
Inter company account 556,964 335,859
Accruals and deferred income 149,205 101,248
1,412,587 1,061,291
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,640 19,908
Page 5
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 98
11. Related Party Transactions
Included in the Other Debtors is an amount owed from the company director Mr L Hazell totalling £55,453 (2023 - £90,662), no interest is to be charged.
Included in the Other Debtors is an amount owed from the company director Mr J Ellaway totalling £19,567 (2023 - £14,816), no interest is to be charged.
 Included in the Other Debtors is an amount owed from the company director Mr C Borg totalling £6,323 (2023 - £0), no interest is to be charged.
Included in the Other Creditors is an amount owed to Electroteck Contracts Ltd totalling £556,964 (2023 - £335,859), for which Mr L Hazell is a director. No interest is to be charged and no repayment terms have been agreed.
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