Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 8064113 Mr Neale Spibey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8064113 2023-07-31 8064113 2024-07-31 8064113 2023-08-01 2024-07-31 8064113 frs-core:CurrentFinancialInstruments 2024-07-31 8064113 frs-core:PlantMachinery 2024-07-31 8064113 frs-core:PlantMachinery 2023-08-01 2024-07-31 8064113 frs-core:PlantMachinery 2023-07-31 8064113 frs-core:ShareCapital 2024-07-31 8064113 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 8064113 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 8064113 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 8064113 frs-bus:SmallEntities 2023-08-01 2024-07-31 8064113 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 8064113 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 8064113 frs-bus:Director1 2023-08-01 2024-07-31 8064113 frs-countries:EnglandWales 2023-08-01 2024-07-31 8064113 2022-07-31 8064113 2023-07-31 8064113 2022-08-01 2023-07-31 8064113 frs-core:CurrentFinancialInstruments 2023-07-31 8064113 frs-core:ShareCapital 2023-07-31 8064113 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 8064113
Spibey Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 8064113
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,508 -
20,508 -
CURRENT ASSETS
Stocks 13,819 18,134
Debtors 5 72,163 114,708
Cash at bank and in hand 356,422 277,779
442,404 410,621
Creditors: Amounts Falling Due Within One Year 6 (57,951 ) (84,594 )
NET CURRENT ASSETS (LIABILITIES) 384,453 326,027
TOTAL ASSETS LESS CURRENT LIABILITIES 404,961 326,027
NET ASSETS 404,961 326,027
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 404,960 326,026
SHAREHOLDERS' FUNDS 404,961 326,027
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 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 Neale Spibey
Director
25/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Spibey Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 8064113 . The registered office is Camsley Grange Farm, Camsley Lane, Lymm, Cheshire, WA13 9BY.
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
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write down the cost of fixed assets, less their estimated residual value, over their expected useful lives.

Assets held under finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The depreciation rates generally applicable are:
Plant & Machinery 25% straight line
2.4. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. 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: 12 (2023: 12)
12 12
Page 2
Page 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2023 47,685
Additions 27,344
Disposals (12,274 )
As at 31 July 2024 62,755
Depreciation
As at 1 August 2023 47,685
Provided during the period 6,836
Disposals (12,274 )
As at 31 July 2024 42,247
Net Book Value
As at 31 July 2024 20,508
As at 1 August 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 60,458 98,740
Other debtors 11,705 15,968
72,163 114,708
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,750 37,921
Corporation tax 21,479 18,316
Other taxes and social security 8,535 9,619
Accruals and deferred income 1,500 1,500
Director's loan account 5,687 17,238
57,951 84,594
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Neale Spibey 15,000 15,000
Page 3