Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC289590 Mr Robert Lees Mrs Denise Lees iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC289590 2023-08-31 SC289590 2024-08-31 SC289590 2023-09-01 2024-08-31 SC289590 frs-core:CurrentFinancialInstruments 2024-08-31 SC289590 frs-core:Non-currentFinancialInstruments 2024-08-31 SC289590 frs-core:FurnitureFittings 2024-08-31 SC289590 frs-core:FurnitureFittings 2023-09-01 2024-08-31 SC289590 frs-core:FurnitureFittings 2023-08-31 SC289590 frs-core:MotorVehicles 2024-08-31 SC289590 frs-core:MotorVehicles 2023-09-01 2024-08-31 SC289590 frs-core:MotorVehicles 2023-08-31 SC289590 frs-core:PlantMachinery 2024-08-31 SC289590 frs-core:PlantMachinery 2023-09-01 2024-08-31 SC289590 frs-core:PlantMachinery 2023-08-31 SC289590 frs-core:ShareCapital 2024-08-31 SC289590 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC289590 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC289590 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC289590 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC289590 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC289590 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC289590 frs-bus:Director1 2023-09-01 2024-08-31 SC289590 frs-bus:Director1 2023-08-31 SC289590 frs-bus:Director1 2024-08-31 SC289590 frs-bus:Director2 2023-09-01 2024-08-31 SC289590 frs-bus:Director2 2023-08-31 SC289590 frs-bus:Director2 2024-08-31 SC289590 frs-countries:Scotland 2023-09-01 2024-08-31 SC289590 2022-08-31 SC289590 2023-08-31 SC289590 2022-09-01 2023-08-31 SC289590 frs-core:CurrentFinancialInstruments 2023-08-31 SC289590 frs-core:Non-currentFinancialInstruments 2023-08-31 SC289590 frs-core:ShareCapital 2023-08-31 SC289590 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC289590
Cdl Electrical Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2024
James McColl CA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC289590
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,509 9,264
11,509 9,264
CURRENT ASSETS
Stocks 5 50,000 32,200
Debtors 6 173,323 179,833
Cash at bank and in hand 57,181 64
280,504 212,097
Creditors: Amounts Falling Due Within One Year 7 (162,681 ) (122,839 )
NET CURRENT ASSETS (LIABILITIES) 117,823 89,258
TOTAL ASSETS LESS CURRENT LIABILITIES 129,332 98,522
Creditors: Amounts Falling Due After More Than One Year 8 (128,728 ) (98,398 )
NET ASSETS 604 124
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 602 122
SHAREHOLDERS' FUNDS 604 124
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For the year ending 31 August 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 Robert Lees
Director
01/05/2025
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
Cdl Electrical Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC289590 . The registered office is Unit 3, Balfron Business Hub Dunkeld Court, Balfron, Glasgow, G63 0AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 22,605 6,775 4,749 34,129
Additions 4,611 - - 4,611
As at 31 August 2024 27,216 6,775 4,749 38,740
Depreciation
As at 1 September 2023 16,624 3,917 4,324 24,865
Provided during the period 1,588 714 64 2,366
As at 31 August 2024 18,212 4,631 4,388 27,231
Net Book Value
As at 31 August 2024 9,004 2,144 361 11,509
As at 1 September 2023 5,981 2,858 425 9,264
5. Stocks
2024 2023
£ £
Stock 50,000 32,200
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 139,139 167,791
Other debtors 80 80
VAT 17,401 8,952
Other taxes and social security 16,703 -
Directors' loan accounts - 3,010
173,323 179,833
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 59,936 36,671
Bank loans and overdrafts 94,517 70,828
Corporation tax 5,702 8,519
Other taxes and social security - 2,929
Other creditors 486 1,138
Accruals and deferred income 2,039 2,754
Directors' loan accounts 1 -
162,681 122,839
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 128,728 98,398
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Robert Lees 1,505 - 1,505 - -
Mrs Denise Lees 1,505 - 1,505 - -
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mrs Denise Lees 10,642 17,900
Mr Robert Lees 10,642 17,900
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 21,283 35,800
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