Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 10601845 Mr Ben Ashton Mr Matthew Tucker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10601845 2024-01-31 10601845 2025-01-31 10601845 2024-02-01 2025-01-31 10601845 frs-core:CurrentFinancialInstruments 2025-01-31 10601845 frs-core:Non-currentFinancialInstruments 2025-01-31 10601845 frs-core:MotorVehicles 2025-01-31 10601845 frs-core:MotorVehicles 2024-02-01 2025-01-31 10601845 frs-core:MotorVehicles 2024-01-31 10601845 frs-core:PlantMachinery 2025-01-31 10601845 frs-core:PlantMachinery 2024-02-01 2025-01-31 10601845 frs-core:PlantMachinery 2024-01-31 10601845 frs-core:ShareCapital 2025-01-31 10601845 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 10601845 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 10601845 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 10601845 frs-bus:SmallEntities 2024-02-01 2025-01-31 10601845 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 10601845 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 10601845 frs-bus:Director1 2024-02-01 2025-01-31 10601845 frs-bus:Director1 2024-01-31 10601845 frs-bus:Director1 2025-01-31 10601845 frs-bus:Director2 2024-02-01 2025-01-31 10601845 frs-bus:Director2 2024-01-31 10601845 frs-bus:Director2 2025-01-31 10601845 frs-core:CurrentFinancialInstruments 1 2025-01-31 10601845 frs-countries:EnglandWales 2024-02-01 2025-01-31 10601845 2023-01-31 10601845 2024-01-31 10601845 2023-02-01 2024-01-31 10601845 frs-core:CurrentFinancialInstruments 2024-01-31 10601845 frs-core:Non-currentFinancialInstruments 2024-01-31 10601845 frs-core:ShareCapital 2024-01-31 10601845 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10601845 frs-core:CurrentFinancialInstruments 1 2024-01-31
Registered number: 10601845
Countrywide Electrical Testing Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Mayers
33 Mary Seacole Road
The Millfields
Plymouth
PL1 3JY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10601845
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,884 17,308
21,884 17,308
CURRENT ASSETS
Stocks 5 11,900 6,050
Debtors 6 51,283 30,232
Cash at bank and in hand 149,877 81,757
213,060 118,039
Creditors: Amounts Falling Due Within One Year 7 (205,169 ) (123,264 )
NET CURRENT ASSETS (LIABILITIES) 7,891 (5,225 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,775 12,083
Creditors: Amounts Falling Due After More Than One Year 8 (5,100 ) (8,700 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,327 ) (3,289 )
NET ASSETS 20,348 94
CAPITAL AND RESERVES
Called up share capital 9 20 20
Profit and Loss Account 20,328 74
SHAREHOLDERS' FUNDS 20,348 94
Page 1
Page 2
For the year ending 31 January 2025 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 Matthew Tucker
Director
23 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Countrywide Electrical Testing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10601845 . The registered office is 33 Mary Seacole Road, The Millfields, Plymouth, Devon, PL1 3JY.
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. 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 & Machinery 25% reducing balance
Motor Vehicles 25% 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2024 5,873 32,250 38,123
Additions 2,875 9,000 11,875
As at 31 January 2025 8,748 41,250 49,998
Depreciation
As at 1 February 2024 3,953 16,862 20,815
Provided during the period 1,201 6,098 7,299
As at 31 January 2025 5,154 22,960 28,114
Net Book Value
As at 31 January 2025 3,594 18,290 21,884
As at 1 February 2024 1,920 15,388 17,308
5. Stocks
2025 2024
£ £
Stock 11,900 6,050
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 51,283 30,232
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 40,880 13,930
Corporation tax 27,122 12,341
Other taxes and social security 2,920 2,355
VAT 10,175 4,681
Net wages - 76
Other creditors 14,949 10,842
Pension 421 -
Accrued expenses 1,030 985
Directors' loan accounts 107,672 78,054
205,169 123,264
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 5,100 8,700
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 20 20
10. Directors Advances, Credits and Guarantees
Included within creditors are the following loans from the directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Ben Ashton (41,483 ) - (14,779 ) - (56,262 )
Mr Matthew Tucker (36,571 ) - (14,839 ) - (51,410 )
The above loan is unsecured, interest free and repayable on demand.
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