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 06290779 Mr Kevin Dryden Mrs Charlotte Dryden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06290779 2023-06-30 06290779 2024-06-30 06290779 2023-07-01 2024-06-30 06290779 frs-core:CurrentFinancialInstruments 2024-06-30 06290779 frs-core:Non-currentFinancialInstruments 2024-06-30 06290779 frs-core:BetweenOneFiveYears 2024-06-30 06290779 frs-core:ComputerEquipment 2023-07-01 2024-06-30 06290779 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 06290779 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06290779 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 06290779 frs-core:MotorVehicles 2024-06-30 06290779 frs-core:MotorVehicles 2023-07-01 2024-06-30 06290779 frs-core:MotorVehicles 2023-06-30 06290779 frs-core:PlantMachinery 2024-06-30 06290779 frs-core:PlantMachinery 2023-07-01 2024-06-30 06290779 frs-core:PlantMachinery 2023-06-30 06290779 frs-core:WithinOneYear 2024-06-30 06290779 frs-core:ShareCapital 2024-06-30 06290779 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 06290779 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06290779 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 06290779 frs-bus:SmallEntities 2023-07-01 2024-06-30 06290779 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06290779 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06290779 frs-bus:Director1 2023-07-01 2024-06-30 06290779 frs-bus:Director2 2023-07-01 2024-06-30 06290779 frs-countries:EnglandWales 2023-07-01 2024-06-30 06290779 2022-06-30 06290779 2023-06-30 06290779 2022-07-01 2023-06-30 06290779 frs-core:CurrentFinancialInstruments 2023-06-30 06290779 frs-core:Non-currentFinancialInstruments 2023-06-30 06290779 frs-core:BetweenOneFiveYears 2023-06-30 06290779 frs-core:WithinOneYear 2023-06-30 06290779 frs-core:ShareCapital 2023-06-30 06290779 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 06290779
Ace Air Conditioning And Electrical Ltd
Financial Statements
For The Year Ended 30 June 2024
Boyett Mayes Limited
The Stables, Moneys Farm
Bottle Lane
Mattingley
Hampshire
RG27 8LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06290779
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,750 40,262
32,750 40,262
CURRENT ASSETS
Debtors 5 130,264 100,890
Cash at bank and in hand 1 16,112
130,265 117,002
Creditors: Amounts Falling Due Within One Year 6 (87,712 ) (74,997 )
NET CURRENT ASSETS (LIABILITIES) 42,553 42,005
TOTAL ASSETS LESS CURRENT LIABILITIES 75,303 82,267
Creditors: Amounts Falling Due After More Than One Year 7 (5,892 ) (11,785 )
NET ASSETS 69,411 70,482
CAPITAL AND RESERVES
Called up share capital 9 20 20
Profit and Loss Account 69,391 70,462
SHAREHOLDERS' FUNDS 69,411 70,482
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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 Kevin Dryden
Director
14th November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ace Air Conditioning And Electrical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06290779 . The registered office is Calbourne House , Forest Road , Binfield , Berkshire , RG42 4HP.
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:
Freehold 10% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 July 2023 15,000 4,833 37,136 56,969
As at 30 June 2024 15,000 4,833 37,136 56,969
Depreciation
As at 1 July 2023 4,625 4,168 7,914 16,707
Provided during the period 1,500 167 5,845 7,512
As at 30 June 2024 6,125 4,335 13,759 24,219
Net Book Value
As at 30 June 2024 8,875 498 23,377 32,750
As at 1 July 2023 10,375 665 29,222 40,262
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,453 31,789
Other debtors 99,811 69,101
130,264 100,890
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,892 5,892
Trade creditors 12,849 1
Bank loans and overdrafts 28,831 32,404
Other creditors 1,004 1,025
Taxation and social security 39,136 35,675
87,712 74,997
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,892 11,785
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,892 5,892
Later than one year and not later than five years 5,892 11,785
11,784 17,677
11,784 17,677
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
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