Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05209538 Mr Gary Kicks Mrs Liesa Kicks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05209538 2023-08-31 05209538 2024-08-31 05209538 2023-09-01 2024-08-31 05209538 frs-core:Non-currentFinancialInstruments 2024-08-31 05209538 frs-core:BetweenOneFiveYears 2024-08-31 05209538 frs-core:MotorVehicles 2023-09-01 2024-08-31 05209538 frs-core:PlantMachinery 2023-09-01 2024-08-31 05209538 frs-core:WithinOneYear 2024-08-31 05209538 frs-core:ShareCapital 2024-08-31 05209538 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05209538 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05209538 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 05209538 frs-bus:SmallEntities 2023-09-01 2024-08-31 05209538 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05209538 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05209538 frs-bus:Director1 2023-09-01 2024-08-31 05209538 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 05209538 frs-countries:EnglandWales 2023-09-01 2024-08-31 05209538 2022-08-31 05209538 2023-08-31 05209538 2022-09-01 2023-08-31 05209538 frs-core:Non-currentFinancialInstruments 2023-08-31 05209538 frs-core:BetweenOneFiveYears 2023-08-31 05209538 frs-core:WithinOneYear 2023-08-31 05209538 frs-core:ShareCapital 2023-08-31 05209538 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05209538
GSK Electrical Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Castle & Co
16-18 West Street
Rochford
SS4 1AJ
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05209538
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,162 17,276
11,162 17,276
CURRENT ASSETS
Stocks 2,395 4,646
Debtors 39,675 28,085
Cash at bank and in hand 60,206 43,721
102,276 76,452
Creditors: Amounts Falling Due Within One Year (50,020 ) (49,806 )
NET CURRENT ASSETS (LIABILITIES) 52,256 26,646
TOTAL ASSETS LESS CURRENT LIABILITIES 63,418 43,922
Creditors: Amounts Falling Due After More Than One Year (2,028 ) (6,082 )
NET ASSETS 61,390 37,840
CAPITAL AND RESERVES
Called up share capital 6 28 28
Profit and Loss Account 61,362 37,812
SHAREHOLDERS' FUNDS 61,390 37,840
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For the year ending 31 August 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Gary Kicks
Director
17/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
GSK Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05209538 . The registered office is 16-18 West Street, Rochford, Essex, SS4 1AJ.

The place of business differs from the registered office and takes place mostly around the South East of England.
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.

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:
Plant & Machinery Reducing balance 25%
Motor Vehicles Reducing balance 25%
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.
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 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.
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: 1 (2023: 1)
1 1
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4. Tangible Assets
Total
£
Cost
As at 1 September 2023 59,961
Additions 1,068
Disposals (30,739 )
As at 31 August 2024 30,290
Depreciation
As at 1 September 2023 42,685
Provided during the period 4,030
Disposals (27,587 )
As at 31 August 2024 19,128
Net Book Value
As at 31 August 2024 11,162
As at 1 September 2023 17,276
5. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,055 4,055
Later than one year and not later than five years 2,028 6,082
6,083 10,137
6,083 10,137
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 28 28
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