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Registered number: 12393582
Dann Electrical Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 12393582
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 783
Tangible Assets 5 61,571 54,949
61,571 55,732
CURRENT ASSETS
Debtors 6 169,835 123,335
Cash at bank and in hand 7,186 3,209
177,021 126,544
Creditors: Amounts Falling Due Within One Year 7 (251,332 ) (184,419 )
NET CURRENT ASSETS (LIABILITIES) (74,311 ) (57,875 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,740 ) (2,143 )
Creditors: Amounts Falling Due After More Than One Year 8 (48,448 ) (58,396 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,698 ) (13,614 )
NET LIABILITIES (72,886 ) (74,153 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (72,986 ) (74,253 )
SHAREHOLDERS' FUNDS (72,886) (74,153)
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 K T Dann
Director
01/07/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dann Electrical Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12393582 . The registered office is 5 Cornfield Terrace, Cornfield Terrace, Eastbourne, BN21 4NN.
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. Significant judgements and estimations
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates are underlying assumptions and are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Valuation of work in progress
The valuation of work and jobs in progress is estimated based on income that the client is due to receive after the year end on work that is to be completed in that same month. This is valued on the basis of the lower of cost or net book value.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.
The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities of the actual completion of a proportion of the total services to be rendered.
When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
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2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.
Acquired goodwill is written off in equal installments over its estimated useful economic life of 5 years. 
Paragraph 19.23(a) of FRS 102 states that goodwill shall be considered to have a finite useful life and in the exceptional cases when an entity is unable to make a reliable esimate of the useful life, the life shall not exceed 10 years. The company in 2020 acquired goodwill and the company decided that in accordance with FRSSE the goodwill had an economic life of 5 years. At 31 March 2025 the carrying amount for the goodwill is therefore £Nil and has no remaining useful life.
The company considers there is evidence to support both remaining useful economic life and provides adequate evidence to support this. It is therefore not required to adjust the expected amortisation profile.
2.5. 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% reducing balance
Motor Vehicles 15% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33.33% straight line
2.6. 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.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 5)
9 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 4,700
As at 31 March 2025 4,700
Amortisation
As at 1 April 2024 3,917
Provided during the period 783
As at 31 March 2025 4,700
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 783
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 1,800 87,152 728 789 90,469
Additions - 15,650 - 282 15,932
As at 31 March 2025 1,800 102,802 728 1,071 106,401
...CONTINUED
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Depreciation
As at 1 April 2024 1,087 33,910 62 461 35,520
Provided during the period 143 8,824 167 176 9,310
As at 31 March 2025 1,230 42,734 229 637 44,830
Net Book Value
As at 31 March 2025 570 60,068 499 434 61,571
As at 1 April 2024 713 53,242 666 328 54,949
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 71,737 36,692
Amounts recoverable on contracts 43,000 35,000
Other debtors 11,694 6,821
Rent deposit 750 750
Prepayments 1,734 887
VAT 10,259 10,517
Director's loan account 30,661 32,668
169,835 123,335
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 11,554 10,054
Trade creditors 103,090 98,873
Bank loans and overdrafts 4,116 4,014
Other loans 68,428 20,428
Corporation tax 3,930 1,127
Other taxes and social security 19,547 11,880
Other creditors 4,666 1,005
Capital on tap account 34,651 35,748
Accruals and deferred income 1,350 1,290
251,332 184,419
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 44,939 50,771
Bank loans 3,509 7,625
48,448 58,396
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,554 10,054
Later than one year and not later than five years 44,939 50,771
56,493 60,825
56,493 60,825
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 11,040 11,040
Later than one year and not later than five years - 11,040
11,040 22,080
11. 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 £166 (2024: £654) were due to the fund. They are included in Other Creditors.
12. Directors Advances, Credits and Guarantees
At the start of the year, amounts owing from the director totalled £32,669. This amount was repaid in the year. A new advance was made during the year & interest was charged in accordance with the HMRC beneficial loan rate. The balance owing from the director at the year end totalled £30,661 and is repayable upon demand.
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