Acorah Software Products - Accounts Production 16.5.460 false true 30 October 2023 31 October 2022 false 31 October 2023 30 October 2024 30 October 2024 08243218 Mr Benjamin Achampong Mr Nathan Leigh Miss Donna Fray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08243218 2023-10-30 08243218 2024-10-30 08243218 2023-10-31 2024-10-30 08243218 frs-core:CurrentFinancialInstruments 2024-10-30 08243218 frs-core:Non-currentFinancialInstruments 2024-10-30 08243218 frs-core:ComputerEquipment 2024-10-30 08243218 frs-core:ComputerEquipment 2023-10-31 2024-10-30 08243218 frs-core:ComputerEquipment 2023-10-30 08243218 frs-core:FurnitureFittings 2024-10-30 08243218 frs-core:FurnitureFittings 2023-10-31 2024-10-30 08243218 frs-core:FurnitureFittings 2023-10-30 08243218 frs-core:MotorVehicles 2024-10-30 08243218 frs-core:MotorVehicles 2023-10-31 2024-10-30 08243218 frs-core:MotorVehicles 2023-10-30 08243218 frs-core:PlantMachinery 2024-10-30 08243218 frs-core:PlantMachinery 2023-10-31 2024-10-30 08243218 frs-core:PlantMachinery 2023-10-30 08243218 frs-core:ShareCapital 2024-10-30 08243218 frs-core:RetainedEarningsAccumulatedLosses 2024-10-30 08243218 frs-bus:PrivateLimitedCompanyLtd 2023-10-31 2024-10-30 08243218 frs-bus:FilletedAccounts 2023-10-31 2024-10-30 08243218 frs-bus:SmallEntities 2023-10-31 2024-10-30 08243218 frs-bus:AuditExempt-NoAccountantsReport 2023-10-31 2024-10-30 08243218 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-31 2024-10-30 08243218 frs-bus:Director1 2023-10-31 2024-10-30 08243218 frs-bus:Director2 2023-10-31 2024-10-30 08243218 frs-bus:CompanySecretary1 2023-10-31 2024-10-30 08243218 frs-countries:EnglandWales 2023-10-31 2024-10-30 08243218 2022-10-30 08243218 2023-10-30 08243218 2022-10-31 2023-10-30 08243218 frs-core:CurrentFinancialInstruments 2023-10-30 08243218 frs-core:Non-currentFinancialInstruments 2023-10-30 08243218 frs-core:ShareCapital 2023-10-30 08243218 frs-core:RetainedEarningsAccumulatedLosses 2023-10-30
Registered number: 08243218
Leiach Electrical Contractors Ltd
Unaudited Financial Statements
For The Year Ended 30 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08243218
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,649 21,646
18,649 21,646
CURRENT ASSETS
Stocks 5 63,640 -
Debtors 6 153,002 404,769
Cash at bank and in hand 172,330 88,007
388,972 492,776
Creditors: Amounts Falling Due Within One Year 7 (312,210 ) (203,259 )
NET CURRENT ASSETS (LIABILITIES) 76,762 289,517
TOTAL ASSETS LESS CURRENT LIABILITIES 95,411 311,163
Creditors: Amounts Falling Due After More Than One Year 8 (85,904 ) -
NET ASSETS 9,507 311,163
CAPITAL AND RESERVES
Called up share capital 9 102 102
Profit and Loss Account 9,405 311,061
SHAREHOLDERS' FUNDS 9,507 311,163
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For the year ending 30 October 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 Benjamin Achampong
Director
30/10/2025
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
Leiach Electrical Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08243218 . The registered office is Cliffe House, Medway City Estate, Rochester, Kent, ME2 4DY.
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.
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% on reducing balance
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. 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.
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 31 October 2023 17,857 47,144 4,848 - 69,849
Additions - - - 295 295
As at 30 October 2024 17,857 47,144 4,848 295 70,144
Depreciation
As at 31 October 2023 11,400 33,392 3,411 - 48,203
Provided during the period 969 2,063 216 44 3,292
As at 30 October 2024 12,369 35,455 3,627 44 51,495
Net Book Value
As at 30 October 2024 5,488 11,689 1,221 251 18,649
As at 31 October 2023 6,457 13,752 1,437 - 21,646
5. Stocks
2024 2023
£ £
Work in progress 63,640 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 126,047 150,628
Other debtors 26,955 254,141
153,002 404,769
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 132,204 2,049
Bank loans and overdrafts 37,687 -
Other loans - 32,189
Other creditors 75,903 107,625
Taxation and social security 66,416 61,396
312,210 203,259
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 85,904 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
10. Related Party Transactions
Included in other creditor is an amount of £6,815 (£0 in 2023), owed to the directors Mr B Achampong and Mr N Leigh. This loan is interest free and no repayment schedule has been agreed.
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