Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 02751680 S J Lewis A V Lewis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02751680 2024-03-31 02751680 2025-03-31 02751680 2024-04-01 2025-03-31 02751680 frs-core:CurrentFinancialInstruments 2025-03-31 02751680 frs-core:Non-currentFinancialInstruments 2025-03-31 02751680 frs-core:BetweenOneFiveYears 2025-03-31 02751680 frs-core:ComputerEquipment 2024-04-01 2025-03-31 02751680 frs-core:LandBuildings 2025-03-31 02751680 frs-core:LandBuildings 2024-04-01 2025-03-31 02751680 frs-core:LandBuildings 2024-03-31 02751680 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 02751680 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02751680 frs-core:MoreThanFiveYears 2025-03-31 02751680 frs-core:MotorVehicles 2024-04-01 2025-03-31 02751680 frs-core:PlantMachinery 2025-03-31 02751680 frs-core:PlantMachinery 2024-04-01 2025-03-31 02751680 frs-core:PlantMachinery 2024-03-31 02751680 frs-core:WithinOneYear 2025-03-31 02751680 frs-core:ShareCapital 2025-03-31 02751680 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02751680 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02751680 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02751680 frs-bus:SmallEntities 2024-04-01 2025-03-31 02751680 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02751680 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02751680 frs-bus:Director1 2024-04-01 2025-03-31 02751680 frs-bus:Director1 2024-03-31 02751680 frs-bus:Director1 2025-03-31 02751680 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 02751680 frs-countries:EnglandWales 2024-04-01 2025-03-31 02751680 2023-03-31 02751680 2024-03-31 02751680 2023-04-01 2024-03-31 02751680 frs-core:CurrentFinancialInstruments 2024-03-31 02751680 frs-core:Non-currentFinancialInstruments 2024-03-31 02751680 frs-core:BetweenOneFiveYears 2024-03-31 02751680 frs-core:MoreThanFiveYears 2024-03-31 02751680 frs-core:WithinOneYear 2024-03-31 02751680 frs-core:ShareCapital 2024-03-31 02751680 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 02751680
Electrix Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02751680
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,243 35,613
27,243 35,613
CURRENT ASSETS
Stocks 8,180 15,709
Debtors 5 191,298 207,061
Cash at bank and in hand 96,866 116,593
296,344 339,363
Creditors: Amounts Falling Due Within One Year 6 (254,614 ) (276,355 )
NET CURRENT ASSETS (LIABILITIES) 41,730 63,008
TOTAL ASSETS LESS CURRENT LIABILITIES 68,973 98,621
Creditors: Amounts Falling Due After More Than One Year 7 (8,712 ) (12,246 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,912 ) (6,127 )
NET ASSETS 55,349 80,248
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 54,349 79,248
SHAREHOLDERS' FUNDS 55,349 80,248
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
S J Lewis
Director
1 August 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Electrix Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02751680 . The registered office is Haldon House, 4 Castle Road, Torquay, Devon, TQ1 3BG.
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.
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:
Freehold Other
Leasehold 10% Straight line
Plant & Machinery 25% Straight line
Motor Vehicles 25% Straight line
Computer Equipment 25% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 13)
11 13
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 April 2024 48,697 134,622 183,319
Additions - 4,942 4,942
Disposals - (10,640 ) (10,640 )
As at 31 March 2025 48,697 128,924 177,621
...CONTINUED
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Depreciation
As at 1 April 2024 37,591 110,115 147,706
Provided during the period 3,510 9,802 13,312
Disposals - (10,640 ) (10,640 )
As at 31 March 2025 41,101 109,277 150,378
Net Book Value
As at 31 March 2025 7,596 19,647 27,243
As at 1 April 2024 11,106 24,507 35,613
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 169,413 161,193
Other debtors 21,885 45,868
191,298 207,061
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,534 2,995
Trade creditors 84,918 87,199
Other creditors 139,230 177,476
Taxation and social security 26,932 8,685
254,614 276,355
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 8,712 12,246
8. Secured Creditors
Of the creditors the following amounts are secured.
Hire purchase liabilities are secured against the assets to which the contracts relate.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,245 15,241
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
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 4,000 4,000
Later than one year and not later than five years 16,000 16,000
Later than five years 10,333 14,333
30,333 34,333
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Simon Lewis 32,937 - (32,937 ) - -
The loan account is a joint account with the director's wife, the company secretary Mrs A Lewis.
The above loan is unsecured and repayable on demand. Interest is charged at 2.25% per annum on overdrawn balances.
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