Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05982437 Mr Mark Alexander Brown Mr Steven John Sexton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05982437 2023-10-31 05982437 2024-10-31 05982437 2023-11-01 2024-10-31 05982437 frs-core:CurrentFinancialInstruments 2024-10-31 05982437 frs-core:Non-currentFinancialInstruments 2024-10-31 05982437 frs-core:ComputerEquipment 2024-10-31 05982437 frs-core:ComputerEquipment 2023-11-01 2024-10-31 05982437 frs-core:ComputerEquipment 2023-10-31 05982437 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05982437 frs-core:MotorVehicles 2024-10-31 05982437 frs-core:MotorVehicles 2023-11-01 2024-10-31 05982437 frs-core:MotorVehicles 2023-10-31 05982437 frs-core:PlantMachinery 2024-10-31 05982437 frs-core:PlantMachinery 2023-11-01 2024-10-31 05982437 frs-core:PlantMachinery 2023-10-31 05982437 frs-core:ShareCapital 2024-10-31 05982437 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05982437 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05982437 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05982437 frs-bus:SmallEntities 2023-11-01 2024-10-31 05982437 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05982437 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05982437 frs-bus:Director1 2023-11-01 2024-10-31 05982437 frs-bus:Director2 2023-11-01 2024-10-31 05982437 frs-countries:EnglandWales 2023-11-01 2024-10-31 05982437 2022-10-31 05982437 2023-10-31 05982437 2022-11-01 2023-10-31 05982437 frs-core:CurrentFinancialInstruments 2023-10-31 05982437 frs-core:Non-currentFinancialInstruments 2023-10-31 05982437 frs-core:ShareCapital 2023-10-31 05982437 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05982437
S.Sexton Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05982437
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,344 47,931
Investment Properties 5 1,243,733 884,319
1,282,077 932,250
CURRENT ASSETS
Debtors 6 296 254
Cash at bank and in hand 11,564 47,702
11,860 47,956
Creditors: Amounts Falling Due Within One Year 7 (19,908 ) (107,261 )
NET CURRENT ASSETS (LIABILITIES) (8,048 ) (59,305 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,274,029 872,945
Creditors: Amounts Falling Due After More Than One Year 8 (2,297 ) (23,289 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (95,294 ) (8,547 )
NET ASSETS 1,176,438 841,109
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,176,338 841,009
SHAREHOLDERS' FUNDS 1,176,438 841,109
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For the year ending 31 October 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
Mr Steven John Sexton
Director
16 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
S.Sexton Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05982437 . The registered office is 68 Sawley Road, Draycott, Derby, DE72 3QE.
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 residential letting and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Residential letting
Turnover from the letting of residential properties is recognised each month in accordance with the relevant letting contracts.  Deposits and advanced payments are held as creditors.
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 Nil
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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. 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. 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. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 November 2023 70,105 72,961 16,010 159,076
As at 31 October 2024 70,105 72,961 16,010 159,076
Depreciation
As at 1 November 2023 58,610 38,718 13,817 111,145
Provided during the period 2,299 6,849 439 9,587
As at 31 October 2024 60,909 45,567 14,256 120,732
Net Book Value
As at 31 October 2024 9,196 27,394 1,754 38,344
As at 1 November 2023 11,495 34,243 2,193 47,931
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 884,319
Additions 5,275
Revaluations 354,139
As at 31 October 2024 1,243,733
The company's investment properties were revalued during the year by the directors, with reference to comparable properties sold within the last 24 months.
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 240 240
VAT 56 14
296 254
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,196 166
Bank loans and overdrafts 10,285 9,118
Corporation tax 3,696 5,325
Accruals and deferred income 4,620 3,530
Directors' loan accounts 111 290
Amounts owed to group undertakings - 88,832
19,908 107,261
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,297 23,289
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Exceptional Items
Under exceptional items is a write-off of a non-interest bearing loan of £76,389 previously owed to Sexton Electrical Ltd, a related company under common control.
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