Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 04361405 Mr Keith Martin Mr Adrian Smith Keith Martin and Adrian Smith true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04361405 2024-01-31 04361405 2025-01-31 04361405 2024-02-01 2025-01-31 04361405 frs-core:CurrentFinancialInstruments 2025-01-31 04361405 frs-core:ComputerEquipment 2025-01-31 04361405 frs-core:ComputerEquipment 2024-02-01 2025-01-31 04361405 frs-core:ComputerEquipment 2024-01-31 04361405 frs-core:MotorVehicles 2025-01-31 04361405 frs-core:MotorVehicles 2024-02-01 2025-01-31 04361405 frs-core:MotorVehicles 2024-01-31 04361405 frs-core:PlantMachinery 2025-01-31 04361405 frs-core:PlantMachinery 2024-02-01 2025-01-31 04361405 frs-core:PlantMachinery 2024-01-31 04361405 frs-core:ShareCapital 2025-01-31 04361405 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 04361405 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04361405 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 04361405 frs-bus:SmallEntities 2024-02-01 2025-01-31 04361405 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 04361405 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 04361405 1 2024-02-01 2025-01-31 04361405 frs-bus:Director1 2024-02-01 2025-01-31 04361405 frs-bus:Director1 2024-01-31 04361405 frs-bus:Director1 2025-01-31 04361405 frs-bus:Director2 2024-02-01 2025-01-31 04361405 frs-core:CurrentFinancialInstruments 2 2025-01-31 04361405 frs-countries:EnglandWales 2024-02-01 2025-01-31 04361405 2023-01-31 04361405 2024-01-31 04361405 2023-02-01 2024-01-31 04361405 frs-core:CurrentFinancialInstruments 2024-01-31 04361405 frs-core:ShareCapital 2024-01-31 04361405 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04361405 frs-core:CurrentFinancialInstruments 2 2024-01-31
Registered number: 04361405
Electrical Plus UK Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04361405
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,963 5,883
20,963 5,883
CURRENT ASSETS
Stocks 5 5,942 9,942
Debtors 6 32,677 28,360
Cash at bank and in hand 65,319 11,135
103,938 49,437
Creditors: Amounts Falling Due Within One Year 7 (76,772 ) (53,594 )
NET CURRENT ASSETS (LIABILITIES) 27,166 (4,157 )
TOTAL ASSETS LESS CURRENT LIABILITIES 48,129 1,726
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,241 ) (1,471 )
NET ASSETS 42,888 255
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 42,788 155
SHAREHOLDERS' FUNDS 42,888 255
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For the year ending 31 January 2025 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 Keith Martin
Director
08/04/2025
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
Electrical Plus UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04361405 . The registered office is Suite 6, 18 Cardiff Rd, Taffs Well, RCT, CF15 7RE.
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% 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 year 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 asset reflects 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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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:
2025 2024
Office and administration 1 1
Sales, marketing and distribution 2 2
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 9,497 74,893 1,083 85,473
Additions - 26,218 - 26,218
Disposals (9,497 ) (67,275 ) (1,083 ) (77,855 )
As at 31 January 2025 - 33,836 - 33,836
Depreciation
As at 1 February 2024 5,243 73,264 1,083 79,590
Provided during the period - 3,689 - 3,689
Disposals (5,243 ) (64,080 ) (1,083 ) (70,406 )
As at 31 January 2025 - 12,873 - 12,873
Net Book Value
As at 31 January 2025 - 20,963 - 20,963
As at 1 February 2024 4,254 1,629 - 5,883
5. Stocks
2025 2024
£ £
Stock 5,942 9,942
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 6,294 28,017
Prepayments and accrued income 583 343
Other debtors 25,800 -
32,677 28,360
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 46,883 10,194
Corporation tax 6,828 -
Other taxes and social security 3,647 504
VAT 15,191 15,045
Net wages - 517
Pension creditor 707 134
Accrued expenses 3,516 (300 )
Directors' loan accounts - 7,500
Amounts owed to related parties - 20,000
76,772 53,594
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Keith Martin (7,500 ) 48,425 15,125 - 25,800
10. Related Party Transactions
Included in other debtors in the balance owed to the directors.
As at the balance sheet date the directors owed the company £25,800 (2024: company owed the directors £7,500).
During the financial year, the company voted dividends of £0 (2024: £66,014).
The directors shareholders of the company is also directors shareholders of CMB Electrical Limited. At the balance sheet date the company owed CMB Electrical Limited £0 (2024: £20,000).
11. Ultimate Controlling Party
The company's ultimate controlling party is Keith Martin and Adrian Smith by virtue of the issued share capital in the company.
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