Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10758957 Mr Paul Pallett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10758957 2023-05-31 10758957 2024-05-31 10758957 2023-06-01 2024-05-31 10758957 frs-core:CurrentFinancialInstruments 2024-05-31 10758957 frs-core:Non-currentFinancialInstruments 2024-05-31 10758957 frs-core:PlantMachinery 2024-05-31 10758957 frs-core:PlantMachinery 2023-06-01 2024-05-31 10758957 frs-core:PlantMachinery 2023-05-31 10758957 frs-core:ShareCapital 2024-05-31 10758957 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10758957 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10758957 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10758957 frs-bus:SmallEntities 2023-06-01 2024-05-31 10758957 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10758957 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10758957 frs-bus:Director1 2023-06-01 2024-05-31 10758957 frs-bus:Director1 2023-05-31 10758957 frs-bus:Director1 2024-05-31 10758957 frs-countries:EnglandWales 2023-06-01 2024-05-31 10758957 2022-05-31 10758957 2023-05-31 10758957 2022-06-01 2023-05-31 10758957 frs-core:CurrentFinancialInstruments 2023-05-31 10758957 frs-core:Non-currentFinancialInstruments 2023-05-31 10758957 frs-core:ShareCapital 2023-05-31 10758957 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10758957
Electrical Inspection Services Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10758957
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 209 261
209 261
CURRENT ASSETS
Debtors 5 73,025 71,399
Cash at bank and in hand 12,550 2,564
85,575 73,963
Creditors: Amounts Falling Due Within One Year 6 (74,043 ) (59,900 )
NET CURRENT ASSETS (LIABILITIES) 11,532 14,063
TOTAL ASSETS LESS CURRENT LIABILITIES 11,741 14,324
Creditors: Amounts Falling Due After More Than One Year 7 (11,700 ) (14,249 )
NET ASSETS 41 75
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 40 74
SHAREHOLDERS' FUNDS 41 75
Page 1
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For the year ending 31 May 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 Paul Pallett
Director
6 December 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Electrical Inspection Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10758957 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
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, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and 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 20% Reducing balance
2.4. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 996
As at 31 May 2024 996
Depreciation
As at 1 June 2023 735
Provided during the period 52
As at 31 May 2024 787
Net Book Value
As at 31 May 2024 209
As at 1 June 2023 261
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,292
Other debtors 73,025 69,107
73,025 71,399
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 3,000 3,000
Other creditors 1,100 1,318
Taxation and social security 69,943 55,582
74,043 59,900
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,700 14,249
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Paul Pallett 69,107 3,918 - - 73,025
The above loan is unsecured, interest free and repayable on demand.
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