Acorah Software Products - Accounts Production 16.4.675 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04380206 Mr Richard Chalkley Mr John Chalkley Mr Richard Chalkley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04380206 2024-03-31 04380206 2025-03-31 04380206 2024-04-01 2025-03-31 04380206 frs-core:CurrentFinancialInstruments 2025-03-31 04380206 frs-core:Non-currentFinancialInstruments 2025-03-31 04380206 frs-core:MotorVehicles 2025-03-31 04380206 frs-core:MotorVehicles 2024-04-01 2025-03-31 04380206 frs-core:MotorVehicles 2024-03-31 04380206 frs-core:PlantMachinery 2025-03-31 04380206 frs-core:PlantMachinery 2024-04-01 2025-03-31 04380206 frs-core:PlantMachinery 2024-03-31 04380206 frs-core:ShareCapital 2025-03-31 04380206 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04380206 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04380206 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04380206 frs-bus:SmallEntities 2024-04-01 2025-03-31 04380206 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04380206 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04380206 frs-bus:Director1 2024-04-01 2025-03-31 04380206 frs-bus:Director2 2024-04-01 2025-03-31 04380206 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04380206 frs-countries:EnglandWales 2024-04-01 2025-03-31 04380206 2023-03-31 04380206 2024-03-31 04380206 2023-04-01 2024-03-31 04380206 frs-core:CurrentFinancialInstruments 2024-03-31 04380206 frs-core:Non-currentFinancialInstruments 2024-03-31 04380206 frs-core:ShareCapital 2024-03-31 04380206 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04380206
MRJ Electricians Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Spicer & Co UK Limited
Chartered Accountants
Staple House
5 Eleanors Cross
Dunstable
Bedfordshire
LU6 1SU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04380206
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,285 9,716
7,285 9,716
CURRENT ASSETS
Debtors 5 1,874 34,385
1,874 34,385
Creditors: Amounts Falling Due Within One Year 6 (3,341 ) (37,429 )
NET CURRENT ASSETS (LIABILITIES) (1,467 ) (3,044 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,818 6,672
Creditors: Amounts Falling Due After More Than One Year 7 - (3,982 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (1,384 ) -
NET ASSETS 4,434 2,690
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 4,432 2,688
SHAREHOLDERS' FUNDS 4,434 2,690
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 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 Richard Chalkley
Director
08/08/2025
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
MRJ Electricians Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04380206 . The registered office is The Old Orchard, 10a Laburnum Grove, Luton, Bedfordshire, LU3 2DW.
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
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existance for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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 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.
2.4. 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 25% Reducing balance
Motor Vehicles 25% Reducing balance
2.5. 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 the profit and loss account as incurred.
2.6. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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2.7. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.8. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 37,770 18,874 56,644
As at 31 March 2025 37,770 18,874 56,644
Depreciation
As at 1 April 2024 35,445 11,483 46,928
Provided during the period 583 1,848 2,431
As at 31 March 2025 36,028 13,331 49,359
Net Book Value
As at 31 March 2025 1,742 5,543 7,285
As at 1 April 2024 2,325 7,391 9,716
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,874 33,182
Other debtors - 1,203
1,874 34,385
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (9,090 ) 16,507
Bank loans and overdrafts 7,926 12,081
Other loans - 4,411
Other creditors 348 3,348
Taxation and social security 4,157 1,082
3,341 37,429
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 3,982
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 1,384 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
11. Reserves
Profit and Loss reserves
The Profit and Loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholder. This is a distributable reserve.
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