Acorah Software Products - Accounts Production 16.6.920 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07181384 Mr Paul Miles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07181384 2024-03-31 07181384 2025-03-31 07181384 2024-04-01 2025-03-31 07181384 frs-core:CurrentFinancialInstruments 2025-03-31 07181384 frs-core:Non-currentFinancialInstruments 2025-03-31 07181384 frs-core:BetweenOneFiveYears 2025-03-31 07181384 frs-core:FurnitureFittings 2025-03-31 07181384 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07181384 frs-core:FurnitureFittings 2024-03-31 07181384 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 07181384 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07181384 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07181384 frs-core:MotorVehicles 2025-03-31 07181384 frs-core:MotorVehicles 2024-04-01 2025-03-31 07181384 frs-core:MotorVehicles 2024-03-31 07181384 frs-core:PlantMachinery 2025-03-31 07181384 frs-core:PlantMachinery 2024-04-01 2025-03-31 07181384 frs-core:PlantMachinery 2024-03-31 07181384 frs-core:WithinOneYear 2025-03-31 07181384 frs-core:ShareCapital 2025-03-31 07181384 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07181384 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07181384 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07181384 frs-bus:SmallEntities 2024-04-01 2025-03-31 07181384 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07181384 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07181384 frs-bus:Director1 2024-04-01 2025-03-31 07181384 frs-bus:Director1 2024-03-31 07181384 frs-bus:Director1 2025-03-31 07181384 frs-countries:EnglandWales 2024-04-01 2025-03-31 07181384 2023-03-31 07181384 2024-03-31 07181384 2023-04-01 2024-03-31 07181384 frs-core:CurrentFinancialInstruments 2024-03-31 07181384 frs-core:Non-currentFinancialInstruments 2024-03-31 07181384 frs-core:BetweenOneFiveYears 2024-03-31 07181384 frs-core:MotorVehicles 2023-04-01 2024-03-31 07181384 frs-core:WithinOneYear 2024-03-31 07181384 frs-core:ShareCapital 2024-03-31 07181384 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07181384
Paul Miles Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Johnston Wood Roach Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07181384
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 75,920 58,728
75,920 58,728
CURRENT ASSETS
Stocks 5 500 500
Debtors 6 40,506 101,067
Cash at bank and in hand 116,991 96,442
157,997 198,009
Creditors: Amounts Falling Due Within One Year 7 (64,311 ) (96,803 )
NET CURRENT ASSETS (LIABILITIES) 93,686 101,206
TOTAL ASSETS LESS CURRENT LIABILITIES 169,606 159,934
Creditors: Amounts Falling Due After More Than One Year 8 (26,306 ) (15,759 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (12,500 ) (5,000 )
Deferred Taxation (14,822 ) (7,725 )
NET ASSETS 115,978 131,450
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 115,878 131,350
SHAREHOLDERS' FUNDS 115,978 131,450
Page 1
Page 2
For the year ending 31 March 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 Paul Miles
Director
5 November 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Paul Miles Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07181384 . The registered office is Unit 9 Fitzherbert Road, Farlington, Hampshire, PO6 1TT.
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 and from the rendering of services. 
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.
2.4. 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 2% SL
Plant & Machinery 25% SL
Motor Vehicles 15% RB
Fixtures & Fittings 25% SL
2.5. 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.
2.6. 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.
Page 3
Page 4
2.7. 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: 6 (2024: 6)
6 6
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 15,055 506 84,610 26,010 126,181
Additions - - 27,331 977 28,308
Disposals - - (1,800 ) - (1,800 )
As at 31 March 2025 15,055 506 110,141 26,987 152,689
Depreciation
As at 1 April 2024 728 506 49,377 16,842 67,453
Provided during the period 301 - 6,310 4,505 11,116
Disposals - - (1,800 ) - (1,800 )
As at 31 March 2025 1,029 506 53,887 21,347 76,769
Net Book Value
As at 31 March 2025 14,026 - 56,254 5,640 75,920
As at 1 April 2024 14,327 - 35,233 9,168 58,728
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 36,416 11,895
Page 4
Page 5
5. Stocks
2025 2024
£ £
Materials 500 500
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 21,663 66,825
Other debtors 18,843 34,242
40,506 101,067
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,960 3,900
Trade creditors 21,562 63,064
Bank loans and overdrafts 9,717 8,981
Other creditors 15,957 14,167
Taxation and social security 7,115 6,691
64,311 96,803
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 24,666 4,401
Bank loans 1,640 11,358
26,306 15,759
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 34,626 8,301
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,255 4,242
Later than one year and not later than five years 24,689 4,596
34,944 8,838
Less: Finance charges allocated to future periods 318 537
34,626 8,301
Page 5
Page 6
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 8,115 -
8,115 -
13. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Paul Miles (10,795 ) 42,389 42,308 - (10,714 )
The above loan is unsecured, interest free and repayable on demand.
Page 6