Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09276767 Mr Benjamin Joseph Curry Heelan Associates Ltd Mr B Curry true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09276767 2023-10-31 09276767 2024-10-31 09276767 2023-11-01 2024-10-31 09276767 frs-core:CurrentFinancialInstruments 2024-10-31 09276767 frs-core:Non-currentFinancialInstruments 2024-10-31 09276767 frs-core:MotorVehicles 2024-10-31 09276767 frs-core:MotorVehicles 2023-11-01 2024-10-31 09276767 frs-core:MotorVehicles 2023-10-31 09276767 frs-core:PlantMachinery 2024-10-31 09276767 frs-core:PlantMachinery 2023-11-01 2024-10-31 09276767 frs-core:PlantMachinery 2023-10-31 09276767 frs-core:ShareCapital 2024-10-31 09276767 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09276767 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09276767 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09276767 frs-bus:SmallEntities 2023-11-01 2024-10-31 09276767 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09276767 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09276767 1 2023-11-01 2024-10-31 09276767 frs-bus:Director1 2023-11-01 2024-10-31 09276767 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 09276767 frs-countries:EnglandWales 2023-11-01 2024-10-31 09276767 2022-10-31 09276767 2023-10-31 09276767 2022-11-01 2023-10-31 09276767 frs-core:CurrentFinancialInstruments 2023-10-31 09276767 frs-core:Non-currentFinancialInstruments 2023-10-31 09276767 frs-core:ShareCapital 2023-10-31 09276767 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09276767
Electrical Innovations (Derby) Ltd
Financial Statements
For The Year Ended 31 October 2024
Heelan Associates Ltd
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09276767
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,036 73,085
54,036 73,085
CURRENT ASSETS
Stocks 5 - 2,374
Debtors 6 310,493 324,743
Cash at bank and in hand 15,498 22,873
325,991 349,990
Creditors: Amounts Falling Due Within One Year 7 (376,227 ) (320,086 )
NET CURRENT ASSETS (LIABILITIES) (50,236 ) 29,904
TOTAL ASSETS LESS CURRENT LIABILITIES 3,800 102,989
Creditors: Amounts Falling Due After More Than One Year 8 (16,125 ) (16,713 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,617 ) (15,617 )
NET (LIABILITIES)/ASSETS (27,942 ) 70,659
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (28,042 ) 70,559
SHAREHOLDERS' FUNDS (27,942) 70,659
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Page 2
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 Benjamin Joseph Curry
Director
28 July 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
Electrical Innovations (Derby) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09276767 . The registered office is 1 The Briars, Waterberry Drive, Waterlooville, PO7 7YH.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 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.
2.4. 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 over 5 years
Motor Vehicles over 5 years
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.
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: 11 (2023: 9)
11 9
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 42,415 68,995 111,410
Additions 1,692 - 1,692
As at 31 October 2024 44,107 68,995 113,102
Depreciation
As at 1 November 2023 24,826 13,499 38,325
Provided during the period 7,242 13,499 20,741
As at 31 October 2024 32,068 26,998 59,066
Net Book Value
As at 31 October 2024 12,039 41,997 54,036
As at 1 November 2023 17,589 55,496 73,085
5. Stocks
2024 2023
£ £
Stock - 2,374
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 66,518 89,259
Other debtors 243,975 235,484
310,493 324,743
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 63,111 134,636
Bank loans and overdrafts 67,324 10,244
Other creditors 61,830 78,255
Taxation and social security 183,962 96,951
376,227 320,086
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,125 16,713
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Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included within other debtors is the amount of £104,537 owed to the company (2023 - £105,678) This amount is undated, unsecured and repayable upon demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr B Curry by virtue of his ownership of 60% of the issued share capital in the company.
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