Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09448386 Mr M B Catargiu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09448386 2023-12-31 09448386 2024-12-31 09448386 2024-01-01 2024-12-31 09448386 frs-core:CurrentFinancialInstruments 2024-12-31 09448386 frs-core:Non-currentFinancialInstruments 2024-12-31 09448386 frs-core:BetweenOneFiveYears 2024-12-31 09448386 frs-core:MotorVehicles 2024-12-31 09448386 frs-core:MotorVehicles 2024-01-01 2024-12-31 09448386 frs-core:MotorVehicles 2023-12-31 09448386 frs-core:WithinOneYear 2024-12-31 09448386 frs-core:ShareCapital 2024-12-31 09448386 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09448386 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09448386 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09448386 frs-bus:SmallEntities 2024-01-01 2024-12-31 09448386 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09448386 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09448386 frs-bus:Director1 2024-01-01 2024-12-31 09448386 frs-countries:EnglandWales 2024-01-01 2024-12-31 09448386 2022-12-31 09448386 2023-12-31 09448386 2023-01-01 2023-12-31 09448386 frs-core:CurrentFinancialInstruments 2023-12-31 09448386 frs-core:Non-currentFinancialInstruments 2023-12-31 09448386 frs-core:BetweenOneFiveYears 2023-12-31 09448386 frs-core:WithinOneYear 2023-12-31 09448386 frs-core:ShareCapital 2023-12-31 09448386 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09448386
Gateville Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09448386
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 102,466 96,150
102,466 96,150
CURRENT ASSETS
Stocks 17,610 -
Debtors 5 79,284 104,555
Cash at bank and in hand 195,559 89,789
292,453 194,344
Creditors: Amounts Falling Due Within One Year 6 (192,056 ) (125,180 )
NET CURRENT ASSETS (LIABILITIES) 100,397 69,164
TOTAL ASSETS LESS CURRENT LIABILITIES 202,863 165,314
Creditors: Amounts Falling Due After More Than One Year 7 (17,478 ) (32,265 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,719 ) (13,186 )
NET ASSETS 168,666 119,863
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 167,666 118,863
SHAREHOLDERS' FUNDS 168,666 119,863
Page 1
Page 2
For the year ending 31 December 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 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.
The financial statements were approved by the board of directors on 18 September 2025 and were signed on its behalf by:
Mr M B Catargiu
Director
18 September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gateville Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09448386 . The registered office is 1 Bermer Place Imperial Way, Unit 1, 1st Floor, Watford, WD24 4AY.
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.
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:
Motor Vehicles 25% straight line basis
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 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: 5 (2023: 2)
5 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 January 2024 156,877
Additions 23,000
As at 31 December 2024 179,877
Depreciation
As at 1 January 2024 60,727
Provided during the period 16,684
As at 31 December 2024 77,411
Net Book Value
As at 31 December 2024 102,466
As at 1 January 2024 96,150
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,080 74,492
Amounts owed by group undertakings - 15,677
Other debtors 78,204 14,386
79,284 104,555
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,770 69,375
Trade creditors 79,521 3,632
Bank loans and overdrafts 10,000 10,000
Amounts owed to group undertakings 70,788 1,500
Other creditors 5,176 9,259
Taxation and social security 21,801 31,414
192,056 125,180
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,311 18,098
Bank loans 4,167 14,167
17,478 32,265
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,770 69,375
Later than one year and not later than five years 13,311 18,098
18,081 87,473
18,081 87,473
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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