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 10242282 Mr Terrence Poll iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10242282 2024-03-31 10242282 2025-03-31 10242282 2024-04-01 2025-03-31 10242282 frs-core:CurrentFinancialInstruments 2025-03-31 10242282 frs-core:Non-currentFinancialInstruments 2025-03-31 10242282 frs-core:BetweenOneFiveYears 2025-03-31 10242282 frs-core:MotorVehicles 2025-03-31 10242282 frs-core:MotorVehicles 2024-04-01 2025-03-31 10242282 frs-core:MotorVehicles 2024-03-31 10242282 frs-core:PlantMachinery 2025-03-31 10242282 frs-core:PlantMachinery 2024-04-01 2025-03-31 10242282 frs-core:PlantMachinery 2024-03-31 10242282 frs-core:WithinOneYear 2025-03-31 10242282 frs-core:ShareCapital 2025-03-31 10242282 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10242282 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10242282 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10242282 frs-bus:SmallEntities 2024-04-01 2025-03-31 10242282 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10242282 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10242282 frs-bus:Director1 2024-04-01 2025-03-31 10242282 frs-bus:Director1 2024-03-31 10242282 frs-bus:Director1 2025-03-31 10242282 frs-countries:EnglandWales 2024-04-01 2025-03-31 10242282 2023-03-31 10242282 2024-03-31 10242282 2023-04-01 2024-03-31 10242282 frs-core:CurrentFinancialInstruments 2024-03-31 10242282 frs-core:Non-currentFinancialInstruments 2024-03-31 10242282 frs-core:BetweenOneFiveYears 2024-03-31 10242282 frs-core:WithinOneYear 2024-03-31 10242282 frs-core:ShareCapital 2024-03-31 10242282 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10242282
Lightning Electrical Contractors Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10242282
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,025 38,724
29,025 38,724
CURRENT ASSETS
Stocks 5 72,000 39,500
Debtors 6 204,076 251,426
Cash at bank and in hand - 34,594
276,076 325,520
Creditors: Amounts Falling Due Within One Year 7 (296,581 ) (349,726 )
NET CURRENT ASSETS (LIABILITIES) (20,505 ) (24,206 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,520 14,518
Creditors: Amounts Falling Due After More Than One Year 8 (6,986 ) (27,000 )
NET ASSETS/(LIABILITIES) 1,534 (12,482 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,434 (12,582 )
SHAREHOLDERS' FUNDS 1,534 (12,482)
Page 1
Page 2
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
Mr Terrence Poll
Director
11/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lightning Electrical Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10242282 . The registered office is Unit 26 Lemsford Road, Fiddlebridge Industrial Estate, Hatfield, Hertfordshire, England, AL10 0DE.
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.
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.
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 20% on reducing balance
Motor Vehicles over 5 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Capital gains tax on uncrystallised gains on property investments is provided in the financial statements using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 13)
12 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 4,223 85,734 89,957
Disposals - (12,100 ) (12,100 )
As at 31 March 2025 4,223 73,634 77,857
Depreciation
As at 1 April 2024 2,849 48,384 51,233
Provided during the period 271 6,980 7,251
Disposals - (9,652 ) (9,652 )
As at 31 March 2025 3,120 45,712 48,832
Net Book Value
As at 31 March 2025 1,103 27,922 29,025
As at 1 April 2024 1,374 37,350 38,724
5. Stocks
2025 2024
£ £
Stock 42,500 39,500
Work in progress 29,500 -
72,000 39,500
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 117,588 175,330
Other debtors 86,488 76,096
204,076 251,426
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,587 7,848
Trade creditors 26,905 97,471
Bank loans and overdrafts 33,211 10,000
Other loans 13,911 13,003
Other creditors 9,320 19,985
Taxation and social security 208,647 201,419
296,581 349,726
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,911 14,744
Bank loans 2,075 12,256
6,986 27,000
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,587 7,848
Later than one year and not later than five years 4,911 14,744
9,498 22,592
9,498 22,592
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 15,610 15,610
Later than one year and not later than five years 4,294 19,593
19,904 35,203
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Terrence Poll - 86,488 - - 86,488
The company charged interest on the loan to the director, using the Official HM Revenue & Customs rates.
Page 5