Acorah Software Products - Accounts Production 16.4.660 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 04161391 Mr James Rolfe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04161391 2024-02-28 04161391 2025-02-28 04161391 2024-02-29 2025-02-28 04161391 frs-core:CurrentFinancialInstruments 2025-02-28 04161391 frs-core:Non-currentFinancialInstruments 2025-02-28 04161391 frs-core:ComputerEquipment 2025-02-28 04161391 frs-core:ComputerEquipment 2024-02-29 2025-02-28 04161391 frs-core:ComputerEquipment 2024-02-28 04161391 frs-core:FurnitureFittings 2025-02-28 04161391 frs-core:FurnitureFittings 2024-02-29 2025-02-28 04161391 frs-core:FurnitureFittings 2024-02-28 04161391 frs-core:MotorVehicles 2025-02-28 04161391 frs-core:MotorVehicles 2024-02-29 2025-02-28 04161391 frs-core:MotorVehicles 2024-02-28 04161391 frs-core:PlantMachinery 2025-02-28 04161391 frs-core:PlantMachinery 2024-02-29 2025-02-28 04161391 frs-core:PlantMachinery 2024-02-28 04161391 frs-core:ShareCapital 2025-02-28 04161391 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 04161391 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 04161391 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 04161391 frs-bus:SmallEntities 2024-02-29 2025-02-28 04161391 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 04161391 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 04161391 frs-bus:Director1 2024-02-29 2025-02-28 04161391 frs-countries:EnglandWales 2024-02-29 2025-02-28 04161391 2023-02-28 04161391 2024-02-28 04161391 2023-03-01 2024-02-28 04161391 frs-core:CurrentFinancialInstruments 2024-02-28 04161391 frs-core:Non-currentFinancialInstruments 2024-02-28 04161391 frs-core:ShareCapital 2024-02-28 04161391 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 04161391
Rolfe ElectricaL Contractors Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Jeffrey Rose Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04161391
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,360 22,225
19,360 22,225
CURRENT ASSETS
Stocks 5 17,956 20,390
Debtors 6 9,664 34,410
Cash at bank and in hand 11,593 9,840
39,213 64,640
Creditors: Amounts Falling Due Within One Year 7 (18,240 ) (22,017 )
NET CURRENT ASSETS (LIABILITIES) 20,973 42,623
TOTAL ASSETS LESS CURRENT LIABILITIES 40,333 64,848
Creditors: Amounts Falling Due After More Than One Year 8 (6,756 ) (11,756 )
NET ASSETS 33,577 53,092
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 33,575 53,090
SHAREHOLDERS' FUNDS 33,577 53,092
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For the year ending 28 February 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
Mr James Rolfe
Director
05/08/2025
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
Rolfe ElectricaL Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04161391 . The registered office is Edwinstowe House, High Street, Edwinstowe, Notts, NG21 9PR.
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 15
Motor Vehicles 25
Fixtures & Fittings 15
Computer Equipment 15
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 the 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 29 February 2024 9,321 24,500 837 9,613 44,271
Additions 208 - - 2,505 2,713
As at 28 February 2025 9,529 24,500 837 12,118 46,984
Depreciation
As at 29 February 2024 7,726 6,125 126 8,069 22,046
Provided during the period 270 4,594 107 607 5,578
As at 28 February 2025 7,996 10,719 233 8,676 27,624
Net Book Value
As at 28 February 2025 1,533 13,781 604 3,442 19,360
As at 29 February 2024 1,595 18,375 711 1,544 22,225
5. Stocks
2025 2024
£ £
Materials 2,000 1,890
Work in progress 15,956 18,500
17,956 20,390
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,226 34,410
Due after more than one year
Directors loan account 6,438 -
9,664 34,410
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 10,649 9,473
Corporation tax - 2,972
VAT 5,948 7,603
Net wages 1,643 1,969
18,240 22,017
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Directors loan account 6,756 11,756
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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