Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13275378 Mr Neil Smith Mr Michael Harris Mr Neil Harris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13275378 2023-07-31 13275378 2024-07-31 13275378 2023-08-01 2024-07-31 13275378 frs-core:CurrentFinancialInstruments 2024-07-31 13275378 frs-core:ComputerEquipment 2024-07-31 13275378 frs-core:ComputerEquipment 2023-08-01 2024-07-31 13275378 frs-core:ComputerEquipment 2023-07-31 13275378 frs-core:NetGoodwill 2024-07-31 13275378 frs-core:NetGoodwill 2023-08-01 2024-07-31 13275378 frs-core:NetGoodwill 2023-07-31 13275378 frs-core:MotorVehicles 2024-07-31 13275378 frs-core:MotorVehicles 2023-08-01 2024-07-31 13275378 frs-core:MotorVehicles 2023-07-31 13275378 frs-core:PlantMachinery 2024-07-31 13275378 frs-core:PlantMachinery 2023-08-01 2024-07-31 13275378 frs-core:PlantMachinery 2023-07-31 13275378 frs-core:ShareCapital 2024-07-31 13275378 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13275378 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13275378 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13275378 frs-bus:SmallEntities 2023-08-01 2024-07-31 13275378 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13275378 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13275378 frs-bus:Director1 2023-08-01 2024-07-31 13275378 frs-bus:Director2 2023-08-01 2024-07-31 13275378 frs-bus:Director3 2023-08-01 2024-07-31 13275378 frs-countries:EnglandWales 2023-08-01 2024-07-31 13275378 2022-07-31 13275378 2023-07-31 13275378 2022-08-01 2023-07-31 13275378 frs-core:CurrentFinancialInstruments 2023-07-31 13275378 frs-core:ShareCapital 2023-07-31 13275378 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Brightside Electrical Contractors Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13275378
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,610 9,840
Tangible Assets 5 6,800 7,903
15,410 17,743
CURRENT ASSETS
Stocks 6 21,275 22,470
Debtors 7 21,024 19,228
Cash at bank and in hand 1,842 780
44,141 42,478
Creditors: Amounts Falling Due Within One Year 8 (58,498 ) (59,864 )
NET CURRENT ASSETS (LIABILITIES) (14,357 ) (17,386 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,053 357
PROVISIONS FOR LIABILITIES
Deferred Taxation (325 ) -
NET ASSETS 728 357
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 628 257
SHAREHOLDERS' FUNDS 728 357
Page 1
Page 2
For the year ending 31 July 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 Neil Smith
Director
4 March 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
Brightside Electrical Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13275378 . The registered office is Unit 4 Vincent Court 89-93 Soundwell Road, Staple Hill, Bristol, BS16 4QR.
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.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and sprecific criteria have been met for each of the company's activities. 
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
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.
Page 3
Page 4
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.
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. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 12,300
As at 31 July 2024 12,300
Amortisation
As at 1 August 2023 2,460
Provided during the period 1,230
As at 31 July 2024 3,690
Net Book Value
As at 31 July 2024 8,610
As at 1 August 2023 9,840
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 2,000 9,000 2,413 13,413
Additions 311 - 616 927
As at 31 July 2024 2,311 9,000 3,029 14,340
Depreciation
As at 1 August 2023 875 3,938 697 5,510
Provided during the period 307 1,265 458 2,030
As at 31 July 2024 1,182 5,203 1,155 7,540
Net Book Value
As at 31 July 2024 1,129 3,797 1,874 6,800
As at 1 August 2023 1,125 5,062 1,716 7,903
6. Stocks
2024 2023
£ £
Stock 2,875 2,575
Work in progress 18,400 19,895
21,275 22,470
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,125 12,577
Other debtors 102 433
Other taxes and social security 4,797 6,203
Directors' loan accounts - 15
21,024 19,228
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,824 8,041
Corporation tax 2,885 3,773
VAT 1,820 4,384
Other creditors 23,641 16,316
Accruals and deferred income - 399
Directors' loan accounts 18,328 26,951
58,498 59,864
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6