Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09181428 Mr John Gallop Mrs Rebecca Gallop Mr J Gallop and Mrs R Gallop true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09181428 2023-10-31 09181428 2024-10-31 09181428 2023-11-01 2024-10-31 09181428 frs-core:CurrentFinancialInstruments 2024-10-31 09181428 frs-core:Non-currentFinancialInstruments 2024-10-31 09181428 frs-core:BetweenOneFiveYears 2024-10-31 09181428 frs-core:FurnitureFittings 2024-10-31 09181428 frs-core:FurnitureFittings 2023-11-01 2024-10-31 09181428 frs-core:FurnitureFittings 2023-10-31 09181428 frs-core:NetGoodwill 2024-10-31 09181428 frs-core:NetGoodwill 2023-11-01 2024-10-31 09181428 frs-core:NetGoodwill 2023-10-31 09181428 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 09181428 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09181428 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 09181428 frs-core:MotorVehicles 2024-10-31 09181428 frs-core:MotorVehicles 2023-11-01 2024-10-31 09181428 frs-core:MotorVehicles 2023-10-31 09181428 frs-core:PlantMachinery 2024-10-31 09181428 frs-core:PlantMachinery 2023-11-01 2024-10-31 09181428 frs-core:PlantMachinery 2023-10-31 09181428 frs-core:WithinOneYear 2024-10-31 09181428 frs-core:ShareCapital 2024-10-31 09181428 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09181428 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09181428 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09181428 frs-bus:SmallEntities 2023-11-01 2024-10-31 09181428 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09181428 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09181428 1 2023-11-01 2024-10-31 09181428 frs-bus:Director1 2023-11-01 2024-10-31 09181428 frs-bus:Director2 2023-11-01 2024-10-31 09181428 frs-countries:EnglandWales 2023-11-01 2024-10-31 09181428 2022-10-31 09181428 2023-10-31 09181428 2022-11-01 2023-10-31 09181428 frs-core:CurrentFinancialInstruments 2023-10-31 09181428 frs-core:Non-currentFinancialInstruments 2023-10-31 09181428 frs-core:BetweenOneFiveYears 2023-10-31 09181428 frs-core:MotorVehicles 2022-11-01 2023-10-31 09181428 frs-core:WithinOneYear 2023-10-31 09181428 frs-core:ShareCapital 2023-10-31 09181428 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09181428
4G Utilities Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
MSB Rayleigh
MSB House
35 Websters Way
Rayleigh
Essex
SS6 8JQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09181428
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 284,849 291,502
284,849 291,502
CURRENT ASSETS
Debtors 6 49,227 51,687
Cash at bank and in hand 29,574 75,896
78,801 127,583
Creditors: Amounts Falling Due Within One Year 7 (133,841 ) (142,723 )
NET CURRENT ASSETS (LIABILITIES) (55,040 ) (15,140 )
TOTAL ASSETS LESS CURRENT LIABILITIES 229,809 276,362
Creditors: Amounts Falling Due After More Than One Year 8 (126,718 ) (151,413 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (70,410 ) (72,876 )
NET ASSETS 32,681 52,073
CAPITAL AND RESERVES
Called up share capital 10 101 101
Profit and Loss Account 32,580 51,972
SHAREHOLDERS' FUNDS 32,681 52,073
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For the year ending 31 October 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
Mrs Rebecca Gallop
Director
16/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
4G Utilities Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09181428 . The registered office is MSB House, 35 Websters Way, Rayleigh, Essex, SS6 8JQ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Freehold 2% straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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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.
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: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 80,000
As at 31 October 2024 80,000
Amortisation
As at 1 November 2023 80,000
As at 31 October 2024 80,000
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 November 2023 - 167,491 318,670 24,396 510,557
Additions 3,218 42,891 133,988 - 180,097
Disposals - (30,500 ) (205,031 ) - (235,531 )
As at 31 October 2024 3,218 179,882 247,627 24,396 455,123
Depreciation
As at 1 November 2023 - 68,527 140,509 10,019 219,055
Provided during the period 12 16,117 43,155 2,156 61,440
Disposals - (15,792 ) (94,429 ) - (110,221 )
As at 31 October 2024 12 68,852 89,235 12,175 170,274
Net Book Value
As at 31 October 2024 3,206 111,030 158,392 12,221 284,849
As at 1 November 2023 - 98,964 178,161 14,377 291,502
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
as restated
£ £
Motor Vehicles 156,967 162,145
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 44,011 42,981
Prepayments and accrued income 1,450 2,000
Other debtors 500 1,300
VAT 2,661 5,406
Other taxes and social security 605 -
49,227 51,687
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 61,809 61,963
Trade creditors - 1
Bank loans and overdrafts - 8,000
Corporation tax 52,001 65,080
Other creditors - 592
Accruals and deferred income 10,144 3,115
Directors' loan accounts 9,887 3,972
133,841 142,723
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 126,718 137,457
Bank loans - 13,956
126,718 151,413
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 61,809 61,963
Later than one year and not later than five years 126,718 137,457
188,527 199,420
188,527 199,420
10. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 101 101
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr J Gallop and Mrs R Gallop by virtue of their ownership of 99% of the issued share capital in the company.
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