Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 05123116 Mr D S Gerrard Mrs L C Gerrard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05123116 2023-09-30 05123116 2024-09-30 05123116 2023-10-01 2024-09-30 05123116 frs-core:CurrentFinancialInstruments 2024-09-30 05123116 frs-core:ComputerEquipment 2024-09-30 05123116 frs-core:ComputerEquipment 2023-10-01 2024-09-30 05123116 frs-core:ComputerEquipment 2023-09-30 05123116 frs-core:FurnitureFittings 2024-09-30 05123116 frs-core:FurnitureFittings 2023-10-01 2024-09-30 05123116 frs-core:FurnitureFittings 2023-09-30 05123116 frs-core:MotorVehicles 2024-09-30 05123116 frs-core:MotorVehicles 2023-10-01 2024-09-30 05123116 frs-core:MotorVehicles 2023-09-30 05123116 frs-core:PlantMachinery 2024-09-30 05123116 frs-core:PlantMachinery 2023-10-01 2024-09-30 05123116 frs-core:PlantMachinery 2023-09-30 05123116 frs-core:ShareCapital 2024-09-30 05123116 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05123116 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05123116 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05123116 frs-bus:SmallEntities 2023-10-01 2024-09-30 05123116 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05123116 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05123116 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05123116 frs-bus:OrdinaryShareClass1 2024-09-30 05123116 frs-bus:Director1 2023-10-01 2024-09-30 05123116 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 05123116 frs-countries:EnglandWales 2023-10-01 2024-09-30 05123116 2022-09-30 05123116 2023-09-30 05123116 2022-10-01 2023-09-30 05123116 frs-core:CurrentFinancialInstruments 2023-09-30 05123116 frs-core:ShareCapital 2023-09-30 05123116 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 05123116 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30
Registered number: 05123116
Gerrard Electrical Contractors Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05123116
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,712 4,606
4,712 4,606
CURRENT ASSETS
Debtors 5 29,313 13,906
Cash at bank and in hand 10,985 18,063
40,298 31,969
Creditors: Amounts Falling Due Within One Year 6 (37,558 ) (34,835 )
NET CURRENT ASSETS (LIABILITIES) 2,740 (2,866 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,452 1,740
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,027 ) (1,013 )
NET ASSETS 6,425 727
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 6,325 627
SHAREHOLDERS' FUNDS 6,425 727
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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 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 D S Gerrard
Director
8 May 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
Gerrard Electrical Contractors Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from electrical services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to work performed.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses
recognised that are recoverable.
Interest receivable
Interest income is recognised using the effective interest method.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment Straight line over 3 years
2.4. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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2.5. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or loss in the period to which they relate.
2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 1,060 13,225 535 7,454 22,274
Additions 429 - - 1,318 1,747
As at 30 September 2024 1,489 13,225 535 8,772 24,021
Depreciation
As at 1 October 2023 777 9,042 395 7,454 17,668
Provided during the period 122 1,046 34 439 1,641
As at 30 September 2024 899 10,088 429 7,893 19,309
Net Book Value
As at 30 September 2024 590 3,137 106 879 4,712
As at 1 October 2023 283 4,183 140 - 4,606
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 27,186 11,707
Prepayments and accrued income 847 950
Other taxes and social security 1,280 1,249
29,313 13,906
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,028 6,606
Corporation tax 15,836 15,409
VAT 12,417 10,314
Other creditors 428 194
Accruals and deferred income 2,420 2,280
Director's loan account 429 32
37,558 34,835
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7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 5