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 NI011299 Mr Harold McKee Mr Mark McKee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI011299 2023-09-30 NI011299 2024-09-30 NI011299 2023-10-01 2024-09-30 NI011299 frs-core:CurrentFinancialInstruments 2024-09-30 NI011299 frs-core:Non-currentFinancialInstruments 2024-09-30 NI011299 frs-core:FurnitureFittings 2024-09-30 NI011299 frs-core:FurnitureFittings 2023-10-01 2024-09-30 NI011299 frs-core:FurnitureFittings 2023-09-30 NI011299 frs-core:MotorVehicles 2024-09-30 NI011299 frs-core:MotorVehicles 2023-10-01 2024-09-30 NI011299 frs-core:MotorVehicles 2023-09-30 NI011299 frs-core:PlantMachinery 2024-09-30 NI011299 frs-core:PlantMachinery 2023-10-01 2024-09-30 NI011299 frs-core:PlantMachinery 2023-09-30 NI011299 frs-core:ShareCapital 2024-09-30 NI011299 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI011299 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI011299 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 NI011299 frs-bus:SmallEntities 2023-10-01 2024-09-30 NI011299 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 NI011299 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI011299 frs-bus:Director1 2023-10-01 2024-09-30 NI011299 frs-bus:Director2 2023-10-01 2024-09-30 NI011299 frs-countries:NorthernIreland 2023-10-01 2024-09-30 NI011299 2022-09-30 NI011299 2023-09-30 NI011299 2022-10-01 2023-09-30 NI011299 frs-core:CurrentFinancialInstruments 2023-09-30 NI011299 frs-core:Non-currentFinancialInstruments 2023-09-30 NI011299 frs-core:ShareCapital 2023-09-30 NI011299 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: NI011299
Breezemount Electrical & Hydraulics Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI011299
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 170,578 135,076
170,578 135,076
CURRENT ASSETS
Stocks 5 164,253 199,891
Debtors 6 718,822 501,599
Cash at bank and in hand 213,119 252,180
1,096,194 953,670
Creditors: Amounts Falling Due Within One Year 7 (331,987 ) (353,533 )
NET CURRENT ASSETS (LIABILITIES) 764,207 600,137
TOTAL ASSETS LESS CURRENT LIABILITIES 934,785 735,213
Creditors: Amounts Falling Due After More Than One Year 8 (9,008 ) (21,170 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,392 ) (32,636 )
NET ASSETS 883,385 681,407
CAPITAL AND RESERVES
Called up share capital 9 4,002 4,002
Profit and Loss Account 879,383 677,405
SHAREHOLDERS' FUNDS 883,385 681,407
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 Harold McKee
Director
30/11/2024
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
Breezemount Electrical & Hydraulics Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI011299 . The registered office is Cedarhurst Road, Newtownbreda Industrial Estate, Belfast, BT8 7RH.
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 20% Straight Line
Motor Vehicles 20% Straight Line
Fixtures & Fittings 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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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: 22 (2023: 23)
22 23
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 100,798 218,991 108,202 427,991
Additions - 72,935 5,603 78,538
As at 30 September 2024 100,798 291,926 113,805 506,529
Depreciation
As at 1 October 2023 94,365 93,206 105,344 292,915
Provided during the period 1,579 39,626 1,831 43,036
As at 30 September 2024 95,944 132,832 107,175 335,951
Net Book Value
As at 30 September 2024 4,854 159,094 6,630 170,578
As at 1 October 2023 6,433 125,785 2,858 135,076
5. Stocks
2024 2023
£ £
Stock 164,253 199,891
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 697,204 500,814
Other debtors 21,618 785
718,822 501,599
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 209,511 208,654
Bank loans and overdrafts 10,027 9,134
Other creditors 8,430 60,238
Taxation and social security 104,019 75,507
331,987 353,533
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,008 21,170
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,002 4,002
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