Acorah Software Products - Accounts Production 16.4.675 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 11185367 Mr Thomas Wilkinson Miss Francesca Wilkinson Mr Christopher Wilkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11185367 2024-02-28 11185367 2025-02-28 11185367 2024-02-29 2025-02-28 11185367 frs-core:CurrentFinancialInstruments 2025-02-28 11185367 frs-core:ComputerEquipment 2025-02-28 11185367 frs-core:ComputerEquipment 2024-02-29 2025-02-28 11185367 frs-core:ComputerEquipment 2024-02-28 11185367 frs-core:MotorVehicles 2025-02-28 11185367 frs-core:MotorVehicles 2024-02-29 2025-02-28 11185367 frs-core:MotorVehicles 2024-02-28 11185367 frs-core:PlantMachinery 2025-02-28 11185367 frs-core:PlantMachinery 2024-02-29 2025-02-28 11185367 frs-core:PlantMachinery 2024-02-28 11185367 frs-core:ShareCapital 2025-02-28 11185367 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 11185367 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 11185367 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 11185367 frs-bus:SmallEntities 2024-02-29 2025-02-28 11185367 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 11185367 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 11185367 frs-bus:OrdinaryShareClass1 2024-02-29 2025-02-28 11185367 frs-bus:OrdinaryShareClass1 2025-02-28 11185367 frs-bus:OrdinaryShareClass2 2024-02-29 2025-02-28 11185367 frs-bus:OrdinaryShareClass2 2025-02-28 11185367 frs-bus:OrdinaryShareClass3 2024-02-29 2025-02-28 11185367 frs-bus:OrdinaryShareClass3 2025-02-28 11185367 frs-bus:Director1 2024-02-29 2025-02-28 11185367 frs-bus:Director2 2024-02-29 2025-02-28 11185367 frs-bus:Director3 2024-02-29 2025-02-28 11185367 frs-countries:EnglandWales 2024-02-29 2025-02-28 11185367 2023-02-28 11185367 2024-02-28 11185367 2023-03-01 2024-02-28 11185367 frs-core:CurrentFinancialInstruments 2024-02-28 11185367 frs-core:ShareCapital 2024-02-28 11185367 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 11185367 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-28 11185367 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-28 11185367 frs-bus:OrdinaryShareClass3 2023-03-01 2024-02-28
Registered number: 11185367
Garfield Electrical Limited
Financial Statements
For The Year Ended 28 February 2025
Stack & Jones Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11185367
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,094 8,190
7,094 8,190
CURRENT ASSETS
Debtors 5 32,529 12,583
Cash at bank and in hand 65,396 44,978
97,925 57,561
Creditors: Amounts Falling Due Within One Year 6 (44,802 ) (24,261 )
NET CURRENT ASSETS (LIABILITIES) 53,123 33,300
TOTAL ASSETS LESS CURRENT LIABILITIES 60,217 41,490
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,774 ) (1,556 )
NET ASSETS 58,443 39,934
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account 58,440 39,931
SHAREHOLDERS' FUNDS 58,443 39,934
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 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 Thomas Wilkinson
Director
04/11/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Garfield Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11185367 . The registered office is Unit 4, Willows Gate, Stratton Audley, Bicester, Oxfordshire, OX27 9AU.
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 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 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Reducing Balance
2.4. 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 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: 2 (2024: 1)
2 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 29 February 2024 1,597 22,535 1,231 25,363
Additions 874 - 250 1,124
As at 28 February 2025 2,471 22,535 1,481 26,487
Depreciation
As at 29 February 2024 878 15,405 890 17,173
Provided during the period 319 1,782 119 2,220
As at 28 February 2025 1,197 17,187 1,009 19,393
Net Book Value
As at 28 February 2025 1,274 5,348 472 7,094
As at 29 February 2024 719 7,130 341 8,190
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 30,567 11,454
Prepayments and accrued income 1,060 1,129
Other taxes and social security 902 -
32,529 12,583
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,947 8,619
Bank loans and overdrafts 1,208 1,433
Corporation tax 22,081 7,627
Other taxes and social security - 49
VAT 9,927 3,055
Accruals and deferred income 2,264 1,430
Directors' loan accounts 375 2,048
44,802 24,261
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.000 each 1 1
1 Ordinary A shares of £ 1.000 each 1 1
1 Ordinary B shares of £ 1.000 each 1 1
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