Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08706134 S S Davies true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08706134 2023-09-30 08706134 2024-09-30 08706134 2023-10-01 2024-09-30 08706134 frs-core:CurrentFinancialInstruments 2024-09-30 08706134 frs-core:Non-currentFinancialInstruments 2024-09-30 08706134 frs-core:BetweenOneFiveYears 2024-09-30 08706134 frs-core:MotorVehicles 2024-09-30 08706134 frs-core:MotorVehicles 2023-10-01 2024-09-30 08706134 frs-core:MotorVehicles 2023-09-30 08706134 frs-core:PlantMachinery 2024-09-30 08706134 frs-core:PlantMachinery 2023-10-01 2024-09-30 08706134 frs-core:PlantMachinery 2023-09-30 08706134 frs-core:WithinOneYear 2024-09-30 08706134 frs-core:ShareCapital 2024-09-30 08706134 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08706134 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08706134 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08706134 frs-bus:SmallEntities 2023-10-01 2024-09-30 08706134 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08706134 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08706134 1 2023-10-01 2024-09-30 08706134 frs-bus:Director1 2023-10-01 2024-09-30 08706134 frs-countries:EnglandWales 2023-10-01 2024-09-30 08706134 2022-09-30 08706134 2023-09-30 08706134 2022-10-01 2023-09-30 08706134 frs-core:CurrentFinancialInstruments 2023-09-30 08706134 frs-core:Non-currentFinancialInstruments 2023-09-30 08706134 frs-core:BetweenOneFiveYears 2023-09-30 08706134 frs-core:WithinOneYear 2023-09-30 08706134 frs-core:ShareCapital 2023-09-30 08706134 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 08706134
S.P.T. Electrical Installations Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08706134
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,784 67,071
61,784 67,071
CURRENT ASSETS
Stocks 5 5,600 4,803
Debtors 6 186,406 162,603
Cash at bank and in hand 22,491 841
214,497 168,247
Creditors: Amounts Falling Due Within One Year 7 (110,805 ) (103,603 )
NET CURRENT ASSETS (LIABILITIES) 103,692 64,644
TOTAL ASSETS LESS CURRENT LIABILITIES 165,476 131,715
Creditors: Amounts Falling Due After More Than One Year 8 (100,750 ) (89,422 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,837 ) (12,744 )
NET ASSETS 52,889 29,549
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 52,789 29,449
SHAREHOLDERS' FUNDS 52,889 29,549
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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
S S Davies
Director
3 March 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
S.P.T. Electrical Installations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08706134 . The registered office is Hoddesdon Enterprise Centre, Pindar Road, Hoddesdon, Hertfordshire, EN11 0FJ.
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. Turnover is recognised in the period the service is provided.


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% straight line
Motor Vehicles 25% reducing balance
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 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 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 assets reflect 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.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.8. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2023 14,093 126,578 140,671
Additions 537 14,799 15,336
Disposals - (10,621 ) (10,621 )
As at 30 September 2024 14,630 130,756 145,386
Depreciation
As at 1 October 2023 13,718 59,882 73,600
Provided during the period 111 19,094 19,205
Disposals - (9,203 ) (9,203 )
As at 30 September 2024 13,829 69,773 83,602
Net Book Value
As at 30 September 2024 801 60,983 61,784
As at 1 October 2023 375 66,696 67,071
5. Stocks
2024 2023
£ £
Materials 5,600 4,803
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 90,454 91,949
Amounts owed by participating interests 42,096 38,163
Other debtors 53,856 32,491
186,406 162,603
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,814 18,158
Trade creditors 39,523 49,849
Bank loans and overdrafts 14,303 9,845
Other creditors 2,577 8,583
Taxation and social security 40,588 17,168
110,805 103,603
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 37,172 37,995
Bank loans 63,578 51,427
100,750 89,422
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,814 18,158
Later than one year and not later than five years 37,172 37,995
50,986 56,153
50,986 56,153
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Related Party Transactions
Goodsell Estates LimitedThe above is a related party by virtue of common control.During the period the related party took loans from the company. At the balance sheet date the company was owed £42,096 (2023: £38,163) by the related party. No interest has been charged on this loan during the period.

Goodsell Estates Limited

The above is a related party by virtue of common control.

During the period the related party took loans from the company. At the balance sheet date the company was owed £42,096 (2023: £38,163) by the related party. No interest has been charged on this loan during the period.

S DaviesThe above is a related party by virtue of being the director.During the year, the director incurred expenses on behalf of the company and drew against his account. At the balance sheet date, he was owed £Nil (2023; £82) by the company. The board voted dividends in the period of £73,748 (2023: £29,500) to the director. No interest was charged on this loan during the period.

S Davies

The above is a related party by virtue of being the director.

During the year, the director incurred expenses on behalf of the company and drew against his account. At the balance sheet date, he was owed £Nil (2023; £82) by the company. The board voted dividends in the period of £73,748 (2023: £29,500) to the director. No interest was charged on this loan during the period.

12. Ultimate Controlling Party
The ultimate controlling party is the director by virtue of his 100% shareholding in the company.
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