Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 02971005 Mr Garry Metherell Mr Stephen Metherell Mr Garry Metherell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02971005 2023-11-30 02971005 2024-11-30 02971005 2023-12-01 2024-11-30 02971005 frs-core:CurrentFinancialInstruments 2024-11-30 02971005 frs-core:BetweenOneFiveYears 2024-11-30 02971005 frs-core:ComputerEquipment 2024-11-30 02971005 frs-core:ComputerEquipment 2023-12-01 2024-11-30 02971005 frs-core:ComputerEquipment 2023-11-30 02971005 frs-core:FurnitureFittings 2024-11-30 02971005 frs-core:FurnitureFittings 2023-12-01 2024-11-30 02971005 frs-core:FurnitureFittings 2023-11-30 02971005 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 02971005 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 02971005 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 02971005 frs-core:MoreThanFiveYears 2024-11-30 02971005 frs-core:MotorVehicles 2024-11-30 02971005 frs-core:MotorVehicles 2023-12-01 2024-11-30 02971005 frs-core:MotorVehicles 2023-11-30 02971005 frs-core:WithinOneYear 2024-11-30 02971005 frs-core:ShareCapital 2024-11-30 02971005 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 02971005 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 02971005 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 02971005 frs-bus:SmallEntities 2023-12-01 2024-11-30 02971005 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 02971005 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 02971005 frs-bus:Director1 2023-12-01 2024-11-30 02971005 frs-bus:Director2 2023-12-01 2024-11-30 02971005 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 02971005 frs-countries:EnglandWales 2023-12-01 2024-11-30 02971005 2022-11-30 02971005 2023-11-30 02971005 2022-12-01 2023-11-30 02971005 frs-core:CurrentFinancialInstruments 2023-11-30 02971005 frs-core:BetweenOneFiveYears 2023-11-30 02971005 frs-core:MoreThanFiveYears 2023-11-30 02971005 frs-core:WithinOneYear 2023-11-30 02971005 frs-core:ShareCapital 2023-11-30 02971005 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 02971005
AMP Electrical Supplies Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02971005
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,075 54,312
89,075 54,312
CURRENT ASSETS
Stocks 5 147,527 128,730
Debtors 6 388,707 410,682
Cash at bank and in hand 374,398 355,917
910,632 895,329
Creditors: Amounts Falling Due Within One Year 7 (749,065 ) (638,147 )
NET CURRENT ASSETS (LIABILITIES) 161,567 257,182
TOTAL ASSETS LESS CURRENT LIABILITIES 250,642 311,494
PROVISIONS FOR LIABILITIES
Provisions For Charges (35,000 ) (35,000 )
Deferred Taxation (18,384 ) (12,304 )
NET ASSETS 197,258 264,190
CAPITAL AND RESERVES
Called up share capital 8 1,300 1,300
Profit and Loss Account 195,958 262,890
SHAREHOLDERS' FUNDS 197,258 264,190
Page 1
Page 2
For the year ending 30 November 2024 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 Garry Metherell
Director
19 August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AMP Electrical Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02971005 . The registered office is 157 -161 Kingston Road, North End, Portsmouth, Hampshire, PO2 7EF.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements,
estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income, and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if the revision affects only that period or in the period of
the revision and future periods if the revision affects both current and future periods.
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. 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.
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:
Leasehold 10% SL
Motor Vehicles 25% RB
Fixtures & Fittings 15% RB
Computer Equipment 25% RB
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 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: 7 (2023: 8)
7 8
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 8,304 34,384 9,149 71,870 123,707
Additions 17,592 25,330 - 14,306 57,228
Disposals - (8,244 ) - - (8,244 )
As at 30 November 2024 25,896 51,470 9,149 86,176 172,691
Depreciation
As at 1 December 2023 3,206 14,975 7,486 43,728 69,395
Provided during the period 2,452 8,646 407 10,612 22,117
Disposals - (7,896 ) - - (7,896 )
As at 30 November 2024 5,658 15,725 7,893 54,340 83,616
Net Book Value
As at 30 November 2024 20,238 35,745 1,256 31,836 89,075
As at 1 December 2023 5,098 19,409 1,663 28,142 54,312
5. Stocks
2024 2023
£ £
Materials 147,527 128,730
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Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 358,627 380,899
Amounts owed by group undertakings 205 205
Other debtors 29,875 29,578
388,707 410,682
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 592,544 481,081
Amounts owed to group undertakings 82,402 46,708
Other creditors 3,499 3,500
Taxation and social security 70,620 106,858
749,065 638,147
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,300 1,300
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 14,928 23,100
Later than one year and not later than five years 25,233 26,853
Later than five years 10,514 25,934
50,675 75,887
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