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 09771833 Mr John Robinson Mr Steven Lennon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09771833 2023-09-30 09771833 2024-09-30 09771833 2023-10-01 2024-09-30 09771833 frs-core:CurrentFinancialInstruments 2024-09-30 09771833 frs-core:ComputerEquipment 2024-09-30 09771833 frs-core:ComputerEquipment 2023-10-01 2024-09-30 09771833 frs-core:ComputerEquipment 2023-09-30 09771833 frs-core:FurnitureFittings 2024-09-30 09771833 frs-core:FurnitureFittings 2023-10-01 2024-09-30 09771833 frs-core:FurnitureFittings 2023-09-30 09771833 frs-core:MotorVehicles 2024-09-30 09771833 frs-core:MotorVehicles 2023-10-01 2024-09-30 09771833 frs-core:MotorVehicles 2023-09-30 09771833 frs-core:PlantMachinery 2024-09-30 09771833 frs-core:PlantMachinery 2023-10-01 2024-09-30 09771833 frs-core:PlantMachinery 2023-09-30 09771833 frs-core:ShareCapital 2024-09-30 09771833 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09771833 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09771833 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09771833 frs-bus:SmallEntities 2023-10-01 2024-09-30 09771833 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09771833 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09771833 frs-bus:Director1 2023-10-01 2024-09-30 09771833 frs-bus:Director2 2023-10-01 2024-09-30 09771833 frs-core:CurrentFinancialInstruments 1 2024-09-30 09771833 frs-core:CurrentFinancialInstruments 3 2024-09-30 09771833 frs-core:CurrentFinancialInstruments 4 2024-09-30 09771833 frs-core:CurrentFinancialInstruments 5 2024-09-30 09771833 frs-countries:EnglandWales 2023-10-01 2024-09-30 09771833 2022-09-30 09771833 2023-09-30 09771833 2022-10-01 2023-09-30 09771833 frs-core:CurrentFinancialInstruments 2023-09-30 09771833 frs-core:ShareCapital 2023-09-30 09771833 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 09771833 frs-core:CurrentFinancialInstruments 1 2023-09-30 09771833 frs-core:CurrentFinancialInstruments 3 2023-09-30 09771833 frs-core:CurrentFinancialInstruments 4 2023-09-30 09771833 frs-core:CurrentFinancialInstruments 5 2023-09-30
Registered number: 09771833
Rfl Electrical Services Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Thomas and Company Accountants LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09771833
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,285 55,416
40,285 55,416
CURRENT ASSETS
Stocks 5 268,801 164,688
Debtors 6 208,574 105,384
Cash at bank and in hand 21,042 265,238
498,417 535,310
Creditors: Amounts Falling Due Within One Year 7 (448,481 ) (405,744 )
NET CURRENT ASSETS (LIABILITIES) 49,936 129,566
TOTAL ASSETS LESS CURRENT LIABILITIES 90,221 184,982
NET ASSETS 90,221 184,982
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 90,219 184,980
SHAREHOLDERS' FUNDS 90,221 184,982
Page 1
Page 2
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 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 John Robinson
Director
07/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rfl Electrical Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09771833 . The registered office is 2010 Solihull Parkway, Birmingham Business Park, Birmingham, B37 7YS.
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.
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 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 20& straight line
2.4. 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 13)
14 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 2,000 81,149 2,500 501 86,150
Additions - - - 1,242 1,242
Disposals - (9,981 ) - - (9,981 )
As at 30 September 2024 2,000 71,168 2,500 1,743 77,411
Depreciation
As at 1 October 2023 1,455 27,259 1,819 201 30,734
Provided during the period 82 12,683 102 348 13,215
Disposals - (6,823 ) - - (6,823 )
As at 30 September 2024 1,537 33,119 1,921 549 37,126
Net Book Value
As at 30 September 2024 463 38,049 579 1,194 40,285
As at 1 October 2023 545 53,890 681 300 55,416
5. Stocks
2024 2023
£ £
Finished goods 268,801 164,688
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 149,350 43,396
VAT 43,073 52,285
Directors' loan accounts 16,151 9,703
208,574 105,384
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 201,135 158,393
Bank loans and overdrafts 112,187 127,982
Corporation tax 94,770 66,828
Other taxes and social security 22,531 17,575
Net wages - 1,400
CBILS Loan 17,490 27,500
...CONTINUED
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Page 5
Pension Fund 328 601
Other creditor (4) 20 2,665
Other creditor (5) 20 2,800
448,481 405,744
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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