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 07581016 Mr D A Fumagalli Mr M Pirnazari Mr M S Chandler true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07581016 2024-03-31 07581016 2025-03-31 07581016 2024-04-01 2025-03-31 07581016 frs-core:CurrentFinancialInstruments 2025-03-31 07581016 frs-core:FurnitureFittings 2025-03-31 07581016 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07581016 frs-core:FurnitureFittings 2024-03-31 07581016 frs-core:MotorVehicles 2025-03-31 07581016 frs-core:MotorVehicles 2024-04-01 2025-03-31 07581016 frs-core:MotorVehicles 2024-03-31 07581016 frs-core:PlantMachinery 2025-03-31 07581016 frs-core:PlantMachinery 2024-04-01 2025-03-31 07581016 frs-core:PlantMachinery 2024-03-31 07581016 frs-core:ShareCapital 2025-03-31 07581016 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07581016 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07581016 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07581016 frs-bus:SmallEntities 2024-04-01 2025-03-31 07581016 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07581016 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07581016 1 2024-04-01 2025-03-31 07581016 frs-bus:Director1 2024-04-01 2025-03-31 07581016 frs-bus:Director2 2024-04-01 2025-03-31 07581016 frs-bus:Director3 2024-04-01 2025-03-31 07581016 frs-countries:EnglandWales 2024-04-01 2025-03-31 07581016 2023-03-31 07581016 2024-03-31 07581016 2023-04-01 2024-03-31 07581016 frs-core:CurrentFinancialInstruments 2024-03-31 07581016 frs-core:ShareCapital 2024-03-31 07581016 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07581016
Sam's Gutters Limited
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: 07581016
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,182 18,001
24,182 18,001
CURRENT ASSETS
Stocks 5 7,534 2,100
Debtors 6 60,232 77,978
Cash at bank and in hand 534,424 356,295
602,190 436,373
Creditors: Amounts Falling Due Within One Year 7 (235,850 ) (197,817 )
NET CURRENT ASSETS (LIABILITIES) 366,340 238,556
TOTAL ASSETS LESS CURRENT LIABILITIES 390,522 256,557
NET ASSETS 390,522 256,557
CAPITAL AND RESERVES
Called up share capital 8 104 103
Profit and Loss Account 390,418 256,454
SHAREHOLDERS' FUNDS 390,522 256,557
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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 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 D A Fumagalli
Director
2 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
Sam's Gutters Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07581016 . The registered office is 1st Floor Offices, 91-93 Lingfield Road, East Grinstead, West Sussex, RH19 2EL.
The company's principal activity continues to be that of gutter clearing, repairs and replacements, soffits and fascia installations or replacements, roof repairs, chimney repairs, pointing and solar panel cleaning.
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.
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:
Plant & Machinery 6 years straight-line
Motor Vehicles 4 years straight-line
Fixtures & Fittings 3 years straight-line
2.4. 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.
2.5. Cash and Cash Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 12)
12 12
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 2,467 105,500 24,013 131,980
Additions 1,800 14,880 - 16,680
As at 31 March 2025 4,267 120,380 24,013 148,660
Depreciation
As at 1 April 2024 1,926 88,040 24,013 113,979
Provided during the period 435 10,064 - 10,499
As at 31 March 2025 2,361 98,104 24,013 124,478
Net Book Value
As at 31 March 2025 1,906 22,276 - 24,182
As at 1 April 2024 541 17,460 - 18,001
5. Stocks
2025 2024
£ £
Stock - 2,100
Work in progress 7,534 -
7,534 2,100
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 60,151 77,897
Other debtors 81 81
60,232 77,978
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 11,119 9,000
Other creditors 15,977 11,972
Taxation and social security 208,754 176,845
235,850 197,817
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 104 103
9. Directors Advances, Credits and Guarantees
Included in other creditors due within one year is a loan from the directors, Mr D Fumagalli amounting to £(1,379); 2024 - £(1,227) and Mr M Pirnazari amounting to £(2); 2024 - (237).
10. Controlling Parties
The company was controlled throughout the current and previous period by its directors, Mr D Fumagalli and Mr M Pirnazari, by virtue of the fact that between them they control all of the company’s ordinary issued share capital.
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