Acorah Software Products - Accounts Production 16.4.660 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC514470 Mr Adam Gibson Mr Michael Riley Mrs Tami Riley Ms Debra Messer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC514470 2023-12-31 SC514470 2024-12-31 SC514470 2024-01-01 2024-12-31 SC514470 frs-core:CurrentFinancialInstruments 2024-12-31 SC514470 frs-core:Non-currentFinancialInstruments 2024-12-31 SC514470 frs-core:ComputerEquipment 2024-12-31 SC514470 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC514470 frs-core:ComputerEquipment 2023-12-31 SC514470 frs-core:MotorVehicles 2024-12-31 SC514470 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC514470 frs-core:MotorVehicles 2023-12-31 SC514470 frs-core:PlantMachinery 2024-12-31 SC514470 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC514470 frs-core:PlantMachinery 2023-12-31 SC514470 frs-core:ShareCapital 2024-12-31 SC514470 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC514470 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC514470 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC514470 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC514470 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC514470 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC514470 frs-bus:Director1 2024-01-01 2024-12-31 SC514470 frs-bus:Director2 2024-01-01 2024-12-31 SC514470 frs-bus:Director3 2024-01-01 2024-12-31 SC514470 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 SC514470 frs-countries:Scotland 2024-01-01 2024-12-31 SC514470 2022-12-31 SC514470 2023-12-31 SC514470 2023-01-01 2023-12-31 SC514470 frs-core:CurrentFinancialInstruments 2023-12-31 SC514470 frs-core:Non-currentFinancialInstruments 2023-12-31 SC514470 frs-core:ShareCapital 2023-12-31 SC514470 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC514470
MR Electrical(Edinburgh) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Glass Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC514470
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 62,741 60,467
Investment Properties 5 87,500 87,500
150,241 147,967
CURRENT ASSETS
Stocks 6 29,844 16,306
Debtors 7 143,829 51,158
Cash at bank and in hand 74,705 70,220
248,378 137,684
Creditors: Amounts Falling Due Within One Year 8 (164,787 ) (94,330 )
NET CURRENT ASSETS (LIABILITIES) 83,591 43,354
TOTAL ASSETS LESS CURRENT LIABILITIES 233,832 191,321
Creditors: Amounts Falling Due After More Than One Year 9 (226,793 ) (190,652 )
NET ASSETS 7,039 669
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 7,037 667
SHAREHOLDERS' FUNDS 7,039 669
Page 1
Page 2
For the year ending 31 December 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 Michael Riley
Director
25/06/2025
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
MR Electrical(Edinburgh) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC514470 . The registered office is 4c West Telferton, West Telferton Industrial Estate, Edinburgh, EH7 6UL.
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.
Sale of goods
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.
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 20% straight line
Motor Vehicles 20% straight line
Computer Equipment 20% straight line
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. 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
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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Page 4
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 22)
24 22
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 - 85,789 8,202 93,991
Additions 1,633 17,607 445 19,685
Disposals - (1,500 ) - (1,500 )
As at 31 December 2024 1,633 101,896 8,647 112,176
Depreciation
As at 1 January 2024 - 29,273 4,251 33,524
Provided during the period 327 14,705 879 15,911
As at 31 December 2024 327 43,978 5,130 49,435
Net Book Value
As at 31 December 2024 1,306 57,918 3,517 62,741
As at 1 January 2024 - 56,516 3,951 60,467
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 87,500
6. Stocks
2024 2023
£ £
Stock 13,881 6,306
Work in progress 15,963 10,000
29,844 16,306
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 128,688 45,584
Other debtors 15,141 5,574
143,829 51,158
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 62,818 6,255
Bank loans and overdrafts - 41
Other creditors 19,619 53,038
Taxation and social security 82,350 34,996
164,787 94,330
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 126,189 87,220
Other loans 100,604 103,432
226,793 190,652
10. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid - 2
Called Up Share Capital has been paid up 2 -
Amount of Allotted, Called Up Share Capital 2 2
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