Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13384455 S D Gordon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13384455 2024-03-31 13384455 2025-03-31 13384455 2024-04-01 2025-03-31 13384455 frs-core:CurrentFinancialInstruments 2025-03-31 13384455 frs-core:FurnitureFittings 2025-03-31 13384455 frs-core:FurnitureFittings 2024-04-01 2025-03-31 13384455 frs-core:FurnitureFittings 2024-03-31 13384455 frs-core:MotorVehicles 2025-03-31 13384455 frs-core:MotorVehicles 2024-04-01 2025-03-31 13384455 frs-core:MotorVehicles 2024-03-31 13384455 frs-core:PlantMachinery 2025-03-31 13384455 frs-core:PlantMachinery 2024-04-01 2025-03-31 13384455 frs-core:PlantMachinery 2024-03-31 13384455 frs-core:ShareCapital 2025-03-31 13384455 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13384455 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13384455 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13384455 frs-bus:SmallEntities 2024-04-01 2025-03-31 13384455 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13384455 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13384455 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 13384455 frs-bus:OrdinaryShareClass1 2025-03-31 13384455 frs-bus:Director1 2024-04-01 2025-03-31 13384455 frs-countries:EnglandWales 2024-04-01 2025-03-31 13384455 2023-03-31 13384455 2024-03-31 13384455 2023-04-01 2024-03-31 13384455 frs-core:CurrentFinancialInstruments 2024-03-31 13384455 frs-core:ShareCapital 2024-03-31 13384455 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13384455 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31
Registered number: 13384455
Flash Heating and Plumbing Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13384455
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,797 12,119
7,797 12,119
CURRENT ASSETS
Debtors 5 3,646 688
Cash at bank and in hand 105,761 77,031
109,407 77,719
Creditors: Amounts Falling Due Within One Year 6 (38,708 ) (32,450 )
NET CURRENT ASSETS (LIABILITIES) 70,699 45,269
TOTAL ASSETS LESS CURRENT LIABILITIES 78,496 57,388
NET ASSETS 78,496 57,388
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 78,486 57,378
SHAREHOLDERS' FUNDS 78,496 57,388
For the year ending 31 March 2025 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
S D Gordon
Director
22/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Flash Heating and Plumbing Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13384455 . The registered office is 14 New Road, Whitehill, Bordon, Hampshire, GU35 9AY.
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 comprises of Revenue recognised by the company in respect of services provided during the year exclusive of value added tax. Revenue is recognised in the month in which the service is provided. Revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
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 and Machinery 20.00% Straight line
Motor Vehicles 20.00% Straight line
Fixtures and Fittings 33.33% Straight line
2.4. 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.
2.5. 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.
2.6. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.7. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
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Page 3
2.8. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant and Machinery Motor Vehicles Fixtures and Fittings Total
£ £ £ £
Cost
As at 1 April 2024 2,207 25,400 1,423 29,030
Additions 1,328 - 916 2,244
As at 31 March 2025 3,535 25,400 2,339 31,274
Depreciation
As at 1 April 2024 723 15,240 948 16,911
Provided during the period 707 5,080 779 6,566
As at 31 March 2025 1,430 20,320 1,727 23,477
Net Book Value
As at 31 March 2025 2,105 5,080 612 7,797
As at 1 April 2024 1,484 10,160 475 12,119
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,005 -
Prepayments and accrued income 551 502
Other debtors 1,855 -
PAYE Payable 235 -
Director's loan account - 186
3,646 688
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 121 278
Other creditors 3,664 2,294
Taxation and social security 34,923 29,878
38,708 32,450
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 1.00 each 10 10
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Page 4
8. Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
Page 4