Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08709164 Mr James Rennison Mrs Susan Rennison iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08709164 2023-09-30 08709164 2024-09-30 08709164 2023-10-01 2024-09-30 08709164 frs-core:CurrentFinancialInstruments 2024-09-30 08709164 frs-core:ComputerEquipment 2024-09-30 08709164 frs-core:ComputerEquipment 2023-10-01 2024-09-30 08709164 frs-core:ComputerEquipment 2023-09-30 08709164 frs-core:FurnitureFittings 2024-09-30 08709164 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08709164 frs-core:FurnitureFittings 2023-09-30 08709164 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 08709164 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08709164 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 08709164 frs-core:MotorVehicles 2024-09-30 08709164 frs-core:MotorVehicles 2023-10-01 2024-09-30 08709164 frs-core:MotorVehicles 2023-09-30 08709164 frs-core:PlantMachinery 2024-09-30 08709164 frs-core:PlantMachinery 2023-10-01 2024-09-30 08709164 frs-core:PlantMachinery 2023-09-30 08709164 frs-core:ShareCapital 2024-09-30 08709164 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08709164 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08709164 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08709164 frs-bus:SmallEntities 2023-10-01 2024-09-30 08709164 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08709164 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08709164 frs-bus:Director1 2023-10-01 2024-09-30 08709164 frs-bus:Director2 2023-10-01 2024-09-30 08709164 frs-countries:EnglandWales 2023-10-01 2024-09-30 08709164 2022-09-30 08709164 2023-09-30 08709164 2022-10-01 2023-09-30 08709164 frs-core:CurrentFinancialInstruments 2023-09-30 08709164 frs-core:ShareCapital 2023-09-30 08709164 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 08709164
Universal Electrics (York) Ltd.
Unaudited Financial Statements
For The Year Ended 30 September 2024
Townend English
Chartered Accountants
81-83 Market Street
Pocklington
YO42 2AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08709164
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 118,907 133,276
118,907 133,276
CURRENT ASSETS
Debtors 5 54,871 20,520
Cash at bank and in hand 286,012 262,070
340,883 282,590
Creditors: Amounts Falling Due Within One Year 6 (69,396 ) (42,614 )
NET CURRENT ASSETS (LIABILITIES) 271,487 239,976
TOTAL ASSETS LESS CURRENT LIABILITIES 390,394 373,252
NET ASSETS 390,394 373,252
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 390,194 373,052
SHAREHOLDERS' FUNDS 390,394 373,252
Page 1
Page 2
For the year ending 30 September 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 Susan Rennison
Director
21 May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Universal Electrics (York) Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 08709164 . The registered office is 81-83 Market Street, Pocklington, York, YO42 2AE.
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:
Freehold 0%
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
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.
...CONTINUED
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2.4. Taxation - continued
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: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2023 8,832 36,415 126,090 28,380
Additions 17,983 1,200 32,850 14,894
Disposals - - (73,768 ) (875 )
As at 30 September 2024 26,815 37,615 85,172 42,399
Depreciation
As at 1 October 2023 - 23,526 30,728 14,360
Provided during the period - 2,818 13,839 5,747
Disposals - - (14,754 ) (692 )
As at 30 September 2024 - 26,344 29,813 19,415
Net Book Value
As at 30 September 2024 26,815 11,271 55,359 22,984
As at 1 October 2023 8,832 12,889 95,362 14,020
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Computer Equipment Total
£ £
Cost
As at 1 October 2023 6,629 206,346
Additions 1,131 68,058
Disposals - (74,643 )
As at 30 September 2024 7,760 199,761
Depreciation
As at 1 October 2023 4,456 73,070
Provided during the period 826 23,230
Disposals - (15,446 )
As at 30 September 2024 5,282 80,854
Net Book Value
As at 30 September 2024 2,478 118,907
As at 1 October 2023 2,173 133,276
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 40,979 10,884
Prepayments and accrued income 10,105 9,636
VAT 3,787 -
54,871 20,520
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,666 2,557
Bank loans and overdrafts - 20,380
Corporation tax 54,259 14,098
Other taxes and social security 32 37
VAT - 1,960
Other creditors 2,917 1,290
Accruals and deferred income 2,361 1,948
Directors' loan accounts 161 344
69,396 42,614
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Page 6
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 6