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 09645183 Mr Paul Harrison Mrs Debbie Harrison Paul Harrison true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09645183 2023-06-30 09645183 2024-06-30 09645183 2023-07-01 2024-06-30 09645183 frs-core:CurrentFinancialInstruments 2024-06-30 09645183 frs-core:Non-currentFinancialInstruments 2024-06-30 09645183 frs-core:ComputerEquipment 2024-06-30 09645183 frs-core:ComputerEquipment 2023-07-01 2024-06-30 09645183 frs-core:ComputerEquipment 2023-06-30 09645183 frs-core:MotorVehicles 2024-06-30 09645183 frs-core:MotorVehicles 2023-07-01 2024-06-30 09645183 frs-core:MotorVehicles 2023-06-30 09645183 frs-core:PlantMachinery 2024-06-30 09645183 frs-core:PlantMachinery 2023-07-01 2024-06-30 09645183 frs-core:PlantMachinery 2023-06-30 09645183 frs-core:ShareCapital 2024-06-30 09645183 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 09645183 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09645183 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 09645183 frs-bus:SmallEntities 2023-07-01 2024-06-30 09645183 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09645183 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09645183 1 2023-07-01 2024-06-30 09645183 frs-bus:Director1 2023-07-01 2024-06-30 09645183 frs-bus:Director1 2023-06-30 09645183 frs-bus:Director1 2024-06-30 09645183 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 09645183 frs-countries:EnglandWales 2023-07-01 2024-06-30 09645183 2022-06-30 09645183 2023-06-30 09645183 2022-07-01 2023-06-30 09645183 frs-core:CurrentFinancialInstruments 2023-06-30 09645183 frs-core:Non-currentFinancialInstruments 2023-06-30 09645183 frs-core:ShareCapital 2023-06-30 09645183 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 09645183
Bradgate Installations Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09645183
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,286 40,951
26,286 40,951
CURRENT ASSETS
Debtors 5 597,934 650,616
Cash at bank and in hand 149,010 22,721
746,944 673,337
Creditors: Amounts Falling Due Within One Year 6 (133,494 ) (116,424 )
NET CURRENT ASSETS (LIABILITIES) 613,450 556,913
TOTAL ASSETS LESS CURRENT LIABILITIES 639,736 597,864
Creditors: Amounts Falling Due After More Than One Year 7 (38,814 ) (57,932 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,572 ) (8,393 )
NET ASSETS 594,350 531,539
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 594,348 531,537
SHAREHOLDERS' FUNDS 594,350 531,539
Page 1
Page 2
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 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
Mr Paul Harrison
Director
10/02/2025
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
Bradgate Installations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09645183 . The registered office is CBS (Accounting) Ltd, Unit 26, 73-93 Ratcliffe Road, Sileby, Loughborough, Leicestershire, LE12 7PU.
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 25% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 33% Reducing balance
2.4. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
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Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 3,056 85,183 4,914 93,153
Disposals (3,056 ) (16,683 ) (2,044 ) (21,783 )
As at 30 June 2024 - 68,500 2,870 71,370
Depreciation
As at 1 July 2023 2,750 46,307 3,145 52,202
Provided during the period - 8,400 464 8,864
Disposals (2,750 ) (11,405 ) (1,827 ) (15,982 )
As at 30 June 2024 - 43,302 1,782 45,084
Net Book Value
As at 30 June 2024 - 25,198 1,088 26,286
As at 1 July 2023 306 38,876 1,769 40,951
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,240 55,344
Other debtors 420,340 583,929
459,580 639,273
Due after more than one year
Other debtors 138,354 11,343
597,934 650,616
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (3 ) (1 )
Bank loans and overdrafts 18,936 18,473
Other creditors 6,677 6,510
Taxation and social security 107,884 91,442
133,494 116,424
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 38,814 57,932
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Paul Harrison 454,413 123,691 159,880 - 418,224
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr Paul Harrison 89,480 115,070
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 159,880 142,570
11. Ultimate Controlling Party
The company's ultimate controlling party is Paul Harrison by virtue of his ownership of 51% of the issued share capital in the company.
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