Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08116234 Mr Colin Webster Mrs Fiona Webster Mr Christopher Webster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08116234 2023-06-30 08116234 2024-06-30 08116234 2023-07-01 2024-06-30 08116234 frs-core:CurrentFinancialInstruments 2024-06-30 08116234 frs-core:Non-currentFinancialInstruments 2024-06-30 08116234 frs-core:BetweenOneFiveYears 2024-06-30 08116234 frs-core:FurnitureFittings 2024-06-30 08116234 frs-core:FurnitureFittings 2023-07-01 2024-06-30 08116234 frs-core:FurnitureFittings 2023-06-30 08116234 frs-core:NetGoodwill 2024-06-30 08116234 frs-core:NetGoodwill 2023-07-01 2024-06-30 08116234 frs-core:NetGoodwill 2023-06-30 08116234 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 08116234 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 08116234 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 08116234 frs-core:MotorVehicles 2024-06-30 08116234 frs-core:MotorVehicles 2023-07-01 2024-06-30 08116234 frs-core:MotorVehicles 2023-06-30 08116234 frs-core:WithinOneYear 2024-06-30 08116234 frs-core:ShareCapital 2024-06-30 08116234 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08116234 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08116234 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08116234 frs-bus:SmallEntities 2023-07-01 2024-06-30 08116234 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08116234 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08116234 frs-bus:Director1 2023-07-01 2024-06-30 08116234 frs-bus:Director2 2023-07-01 2024-06-30 08116234 frs-bus:Director3 2023-07-01 2024-06-30 08116234 frs-countries:EnglandWales 2023-07-01 2024-06-30 08116234 2022-06-30 08116234 2023-06-30 08116234 2022-07-01 2023-06-30 08116234 frs-core:CurrentFinancialInstruments 2023-06-30 08116234 frs-core:Non-currentFinancialInstruments 2023-06-30 08116234 frs-core:BetweenOneFiveYears 2023-06-30 08116234 frs-core:WithinOneYear 2023-06-30 08116234 frs-core:ShareCapital 2023-06-30 08116234 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 08116234
C J Webster Electrical Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Richard Day Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08116234
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 365,386 372,404
365,386 372,404
CURRENT ASSETS
Stocks 6 104,553 102,374
Debtors 7 487,696 306,592
Cash at bank and in hand 120,301 140,559
712,550 549,525
Creditors: Amounts Falling Due Within One Year 8 (459,879 ) (346,647 )
NET CURRENT ASSETS (LIABILITIES) 252,671 202,878
TOTAL ASSETS LESS CURRENT LIABILITIES 618,057 575,282
Creditors: Amounts Falling Due After More Than One Year 9 (165,325 ) (224,208 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (30,434 ) (31,665 )
NET ASSETS 422,298 319,409
CAPITAL AND RESERVES
Called up share capital 11 120 120
Profit and Loss Account 422,178 319,289
SHAREHOLDERS' FUNDS 422,298 319,409
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 Colin Webster
Director
Mrs Fiona Webster
Director
17/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
C J Webster Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08116234 . The registered office is The Cottage, 87 Yarmouth Road, Norwich, NR7 0HF.
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.
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. It is amortised to profit and loss account over its estimated economic life of 10 years.
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 2% straight line (excluding land)
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% 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.
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2.7. Taxation
Corporation 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.
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 July 2023 45,000
As at 30 June 2024 45,000
Amortisation
As at 1 July 2023 45,000
As at 30 June 2024 45,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 269,285 134,396 49,892 453,573
Additions - 54,831 1,413 56,244
Disposals - (50,315 ) - (50,315 )
As at 30 June 2024 269,285 138,912 51,305 459,502
Depreciation
As at 1 July 2023 4,186 48,905 28,078 81,169
...CONTINUED
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Provided during the period 2,094 22,241 5,711 30,046
Disposals - (17,099 ) - (17,099 )
As at 30 June 2024 6,280 54,047 33,789 94,116
Net Book Value
As at 30 June 2024 263,005 84,865 17,516 365,386
As at 1 July 2023 265,099 85,491 21,814 372,404
6. Stocks
2024 2023
£ £
Materials 104,553 102,374
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 272,183 246,440
Prepayments and accrued income 1,837 1,919
Amounts owed by associates 213,676 58,233
487,696 306,592
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,185 26,582
Trade creditors 246,066 175,267
Bank loans and overdrafts 60,602 57,650
Corporation tax 56,295 13,867
Other taxes and social security 2,527 1,804
VAT 11,876 21,974
Other creditors 61,728 45,053
Accruals and deferred income 3,600 4,450
459,879 346,647
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 51,715 49,994
Bank loans 113,610 174,214
165,325 224,208
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 17,185 26,582
Later than one year and not later than five years 51,715 49,994
68,900 76,576
68,900 76,576
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 1,483 2,966
Later than one year and not later than five years - 1,483
1,483 4,449
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