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 04918908 Mr David Marriott Mrs Elena Ragone Marriott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04918908 2023-10-31 04918908 2024-10-31 04918908 2023-11-01 2024-10-31 04918908 frs-core:CurrentFinancialInstruments 2024-10-31 04918908 frs-core:Non-currentFinancialInstruments 2024-10-31 04918908 frs-core:BetweenOneFiveYears 2024-10-31 04918908 frs-core:ComputerEquipment 2024-10-31 04918908 frs-core:ComputerEquipment 2023-11-01 2024-10-31 04918908 frs-core:ComputerEquipment 2023-10-31 04918908 frs-core:MotorVehicles 2024-10-31 04918908 frs-core:MotorVehicles 2023-11-01 2024-10-31 04918908 frs-core:MotorVehicles 2023-10-31 04918908 frs-core:PlantMachinery 2024-10-31 04918908 frs-core:PlantMachinery 2023-11-01 2024-10-31 04918908 frs-core:PlantMachinery 2023-10-31 04918908 frs-core:WithinOneYear 2024-10-31 04918908 frs-core:ShareCapital 2024-10-31 04918908 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04918908 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04918908 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04918908 frs-bus:SmallEntities 2023-11-01 2024-10-31 04918908 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04918908 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04918908 frs-bus:Director1 2023-11-01 2024-10-31 04918908 frs-bus:Director1 2023-10-31 04918908 frs-bus:Director1 2024-10-31 04918908 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04918908 frs-core:CurrentFinancialInstruments 2 2024-10-31 04918908 frs-countries:EnglandWales 2023-11-01 2024-10-31 04918908 2022-10-31 04918908 2023-10-31 04918908 2022-11-01 2023-10-31 04918908 frs-core:CurrentFinancialInstruments 2023-10-31 04918908 frs-core:Non-currentFinancialInstruments 2023-10-31 04918908 frs-core:BetweenOneFiveYears 2023-10-31 04918908 frs-core:WithinOneYear 2023-10-31 04918908 frs-core:ShareCapital 2023-10-31 04918908 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04918908 frs-core:CurrentFinancialInstruments 2 2023-10-31
Registered number: 04918908
Electrix Solutions Limited
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: 04918908
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,358 51,450
41,358 51,450
CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 39,303 36,411
Cash at bank and in hand 3,548 8,739
43,851 46,150
Creditors: Amounts Falling Due Within One Year 7 (56,995 ) (58,798 )
NET CURRENT ASSETS (LIABILITIES) (13,144 ) (12,648 )
TOTAL ASSETS LESS CURRENT LIABILITIES 28,214 38,802
Creditors: Amounts Falling Due After More Than One Year 8 (13,801 ) (20,290 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,858 ) (9,776 )
NET ASSETS 6,555 8,736
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 6,554 8,735
SHAREHOLDERS' FUNDS 6,555 8,736
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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 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 David Marriott
Director
24 April 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
Electrix Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04918908 . The registered office is 550 Valley Road, Nottingham, NG5 1JJ.
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 25% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 25% reducing balance
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.
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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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 5,247 62,156 4,072 71,475
Additions 493 - - 493
As at 31 October 2024 5,740 62,156 4,072 71,968
Depreciation
As at 1 November 2023 3,451 14,245 2,329 20,025
Provided during the period 568 9,582 435 10,585
As at 31 October 2024 4,019 23,827 2,764 30,610
Net Book Value
As at 31 October 2024 1,721 38,329 1,308 41,358
As at 1 November 2023 1,796 47,911 1,743 51,450
5. Stocks
2024 2023
£ £
Stock 1,000 1,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,013 13,018
Prepayments and accrued income 2,324 2,521
Other debtors 2,175 1,625
VAT - 1,899
Director's loan account 19,791 17,348
39,303 36,411
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,484 9,058
Trade creditors 12,221 23,405
Corporation tax 10,669 401
VAT 6,614 -
Other creditors 20,728 25,824
Other creditors (2) 169 -
Accruals and deferred income 110 110
56,995 58,798
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,801 20,290
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,484 9,058
Later than one year and not later than five years 13,801 20,290
20,285 29,348
20,285 29,348
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Directors Advances, Credits and Guarantees
Included within Debtors is a loan to the director. This was repaid within 9 months of the balance sheet date.
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr David Marriott 17,347 - - - 19,791
The above loan is unsecured, interest free and repayable on demand.
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