Acorah Software Products - Accounts Production 16.3.350 false true 29 March 2023 30 March 2022 false 30 March 2023 29 March 2024 29 March 2024 11000118 Mrs Kim Edwards Mr Paul Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11000118 2023-03-29 11000118 2024-03-29 11000118 2023-03-30 2024-03-29 11000118 frs-core:CurrentFinancialInstruments 2024-03-29 11000118 frs-core:ComputerEquipment 2024-03-29 11000118 frs-core:ComputerEquipment 2023-03-30 2024-03-29 11000118 frs-core:ComputerEquipment 2023-03-29 11000118 frs-core:MotorVehicles 2024-03-29 11000118 frs-core:MotorVehicles 2023-03-30 2024-03-29 11000118 frs-core:MotorVehicles 2023-03-29 11000118 frs-core:PlantMachinery 2024-03-29 11000118 frs-core:PlantMachinery 2023-03-30 2024-03-29 11000118 frs-core:PlantMachinery 2023-03-29 11000118 frs-core:ShareCapital 2024-03-29 11000118 frs-core:RetainedEarningsAccumulatedLosses 2024-03-29 11000118 frs-bus:PrivateLimitedCompanyLtd 2023-03-30 2024-03-29 11000118 frs-bus:FilletedAccounts 2023-03-30 2024-03-29 11000118 frs-bus:SmallEntities 2023-03-30 2024-03-29 11000118 frs-bus:AuditExempt-NoAccountantsReport 2023-03-30 2024-03-29 11000118 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-30 2024-03-29 11000118 frs-bus:Director1 2023-03-30 2024-03-29 11000118 frs-bus:Director2 2023-03-30 2024-03-29 11000118 frs-core:CurrentFinancialInstruments 2 2024-03-29 11000118 frs-countries:EnglandWales 2023-03-30 2024-03-29 11000118 2022-03-29 11000118 2023-03-29 11000118 2022-03-30 2023-03-29 11000118 frs-core:CurrentFinancialInstruments 2023-03-29 11000118 frs-core:ShareCapital 2023-03-29 11000118 frs-core:RetainedEarningsAccumulatedLosses 2023-03-29 11000118 frs-core:CurrentFinancialInstruments 2 2023-03-29
Registered number: 11000118
Ambient Electrical Installations Limited
Unaudited Financial Statements
For The Year Ended 29 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11000118
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,461 27,328
20,461 27,328
CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 37,670 36,022
Cash at bank and in hand 19,190 44,830
57,860 81,852
Creditors: Amounts Falling Due Within One Year 7 (72,548 ) (84,711 )
NET CURRENT ASSETS (LIABILITIES) (14,688 ) (2,859 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,773 24,469
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,888 ) (5,192 )
NET ASSETS 1,885 19,277
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,785 19,177
SHAREHOLDERS' FUNDS 1,885 19,277
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For the year ending 29 March 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 Kim Edwards
Director
Mr Paul Edwards
Director
3 June 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
Ambient Electrical Installations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11000118 . The registered office is 18 Kingshall Street, Rougham, Bury St. Edmunds, Suffolk, IP30 9LE.
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 tax and other sales taxes.
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:
Equipment 25% on reducing balance
Motor Vehicles 25% on reducing balance
Office Equipment 33% on straight line
2.4. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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2.6. 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Equipment Motor Vehicles Office Equipment Total
£ £ £ £
Cost
As at 30 March 2023 14,853 25,695 1,016 41,564
As at 29 March 2024 14,853 25,695 1,016 41,564
Depreciation
As at 30 March 2023 1,945 11,559 732 14,236
Provided during the period 3,227 3,534 106 6,867
As at 29 March 2024 5,172 15,093 838 21,103
Net Book Value
As at 29 March 2024 9,681 10,602 178 20,461
As at 30 March 2023 12,908 14,136 284 27,328
5. Stocks
2024 2023
£ £
Stock 1,000 1,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,267 28,730
Amounts recoverable on contracts 3,644 -
Other debtors 1,759 7,292
37,670 36,022
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,369 33,152
Corporation tax 46,317 39,140
Social security & other taxes 681 8,297
Other creditors 3,229 3,101
Accrued expenses 2,345 1,021
Directors' loan accounts 2,607 -
72,548 84,711
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £360 (2023: £480) were due to the fund. They are included in Other Creditors.
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