Acorah Software Products - Accounts Production 16.5.460 false true true 30 March 2024 31 March 2023 false 31 March 2024 30 March 2025 30 March 2025 06558597 Mr Robert Mayfield Mr John Woods Mr Robert Mayfield 15 Railton Road, Wolseley, Buiness Park, Kempston, Bedfordshire, MK42 7PW true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06558597 2024-03-30 06558597 2025-03-30 06558597 2024-03-31 2025-03-30 06558597 frs-core:CurrentFinancialInstruments 2025-03-30 06558597 frs-core:Non-currentFinancialInstruments 2025-03-30 06558597 frs-core:BetweenOneFiveYears 2025-03-30 06558597 frs-core:ComputerEquipment 2025-03-30 06558597 frs-core:ComputerEquipment 2024-03-31 2025-03-30 06558597 frs-core:ComputerEquipment 2024-03-30 06558597 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 2025-03-30 06558597 frs-core:FurnitureFittings 2025-03-30 06558597 frs-core:FurnitureFittings 2024-03-31 2025-03-30 06558597 frs-core:FurnitureFittings 2024-03-30 06558597 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-30 06558597 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 2025-03-30 06558597 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-30 06558597 frs-core:MotorVehicles 2025-03-30 06558597 frs-core:MotorVehicles 2024-03-31 2025-03-30 06558597 frs-core:MotorVehicles 2024-03-30 06558597 frs-core:OtherResidualIntangibleAssets 2025-03-30 06558597 frs-core:OtherResidualIntangibleAssets 2024-03-31 2025-03-30 06558597 frs-core:OtherResidualIntangibleAssets 2024-03-30 06558597 frs-core:PlantMachinery 2025-03-30 06558597 frs-core:PlantMachinery 2024-03-31 2025-03-30 06558597 frs-core:PlantMachinery 2024-03-30 06558597 frs-core:WithinOneYear 2025-03-30 06558597 frs-core:CapitalRedemptionReserve 2025-03-30 06558597 frs-core:ShareCapital 2025-03-30 06558597 frs-core:RetainedEarningsAccumulatedLosses 2025-03-30 06558597 frs-bus:PrivateLimitedCompanyLtd 2024-03-31 2025-03-30 06558597 frs-bus:FilletedAccounts 2024-03-31 2025-03-30 06558597 frs-bus:SmallEntities 2024-03-31 2025-03-30 06558597 frs-bus:AuditExempt-NoAccountantsReport 2024-03-31 2025-03-30 06558597 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-31 2025-03-30 06558597 frs-bus:OrdinaryShareClass1 2024-03-31 2025-03-30 06558597 frs-bus:OrdinaryShareClass1 2025-03-30 06558597 1 2024-03-31 2025-03-30 06558597 frs-bus:Director1 2024-03-31 2025-03-30 06558597 frs-bus:Director2 2024-03-31 2025-03-30 06558597 frs-bus:CompanySecretary1 2024-03-31 2025-03-30 06558597 frs-countries:EnglandWales 2024-03-31 2025-03-30 06558597 2023-03-30 06558597 2024-03-30 06558597 2023-03-31 2024-03-30 06558597 frs-core:CurrentFinancialInstruments 2024-03-30 06558597 frs-core:Non-currentFinancialInstruments 2024-03-30 06558597 frs-core:BetweenOneFiveYears 2024-03-30 06558597 frs-core:MotorVehicles 2023-03-31 2024-03-30 06558597 frs-core:WithinOneYear 2024-03-30 06558597 frs-core:CapitalRedemptionReserve 2024-03-30 06558597 frs-core:ShareCapital 2024-03-30 06558597 frs-core:RetainedEarningsAccumulatedLosses 2024-03-30 06558597 frs-bus:OrdinaryShareClass1 2023-03-31 2024-03-30
Registered number: 06558597
Bedford Electrical Limited
Unaudited Financial Statements
For The Year Ended 30 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06558597
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,000 2,250
Tangible Assets 5 334,685 365,813
337,685 368,063
CURRENT ASSETS
Stocks 6 15,415 30,831
Debtors 7 1,065,724 556,445
Cash at bank and in hand 41,469 56,649
1,122,608 643,925
Creditors: Amounts Falling Due Within One Year 8 (673,073 ) (313,996 )
NET CURRENT ASSETS (LIABILITIES) 449,535 329,929
TOTAL ASSETS LESS CURRENT LIABILITIES 787,220 697,992
Creditors: Amounts Falling Due After More Than One Year 9 (196,777 ) (219,617 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,618 ) (6,258 )
NET ASSETS 585,825 472,117
CAPITAL AND RESERVES
Called up share capital 11 80 80
Capital redemption reserve 20 20
Profit and Loss Account 585,725 472,017
SHAREHOLDERS' FUNDS 585,825 472,117
Page 1
Page 2
For the year ending 30 March 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 Robert Mayfield
Director
17 November 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bedford Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06558597 . The registered office is 17 Railton Road, Wolseley Business Park, Kempston, Bedfordshire, MK42 7PN.
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.
Summary of disclosure exemptions
The company has taken advantage of exemption under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Contract revenue recognition
Revenue from a contract to provide services is recognised in the period in which the services are provided in
accordance with the stage completion of the contract when all of the following conditions are satisfied: -
• the amount of revenue can be measured reliably.
• it is probable that the Group will receive the consideration under the contract
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are webiste costs. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.5. 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:
Freehold 2% on cost
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
2.6. 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.
2.7. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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.
2.10. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.11. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement ofthe liability for at least twelve months after the reporting date.
2.12. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 15)
15 15
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4. Intangible Assets
Other
£
Cost
As at 31 March 2024 2,250
Additions 2,250
As at 30 March 2025 4,500
Amortisation
As at 31 March 2024 -
Provided during the period 1,500
As at 30 March 2025 1,500
Net Book Value
As at 30 March 2025 3,000
As at 31 March 2024 2,250
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 31 March 2024 290,169 9,892 126,033 3,313
Additions - - - -
Disposals - - - -
As at 30 March 2025 290,169 9,892 126,033 3,313
Depreciation
As at 31 March 2024 34,762 3,400 35,167 2,511
Provided during the period 5,805 1,623 22,716 575
Disposals - - - -
As at 30 March 2025 40,567 5,023 57,883 3,086
Net Book Value
As at 30 March 2025 249,602 4,869 68,150 227
As at 31 March 2024 255,407 6,492 90,866 802
Computer Equipment Total
£ £
Cost
As at 31 March 2024 28,857 458,264
Additions 4,762 4,762
Disposals (7,107 ) (7,107 )
As at 30 March 2025 26,512 455,919
Depreciation
As at 31 March 2024 16,611 92,451
...CONTINUED
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Provided during the period 3,227 33,946
Disposals (5,163 ) (5,163 )
As at 30 March 2025 14,675 121,234
Net Book Value
As at 30 March 2025 11,837 334,685
As at 31 March 2024 12,246 365,813
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 68,088 90,784
6. Stocks
2025 2024
£ £
Stock 15,415 30,831
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 362,472 253,267
Amounts owed by group undertakings 229,507 75,180
Other debtors 473,745 227,998
1,065,724 556,445
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,786 12,975
Trade creditors 370,630 76,706
Bank loans and overdrafts 11,307 9,129
Other creditors 178,805 133,134
Taxation and social security 101,545 82,052
673,073 313,996
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 74,734 85,520
Bank loans 122,043 134,097
196,777 219,617
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10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,786 12,975
Later than one year and not later than five years 74,734 85,520
85,520 98,495
85,520 98,495
11. Share Capital
2025 2024
Allotted, called up and fully paid £ £
80 Ordinary Shares of £ 1.00 each 80 80
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 79,308 70,245
Later than one year and not later than five years 94,413 68,342
173,721 138,587
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Prime Atlantic Group Limited . Prime Atlantic Group Limited was incorporated in England & Wales. Copies of the group accounts may be obtained from the secretary, 15 Railton Road, Wolseley, Buiness Park, Kempston, Bedfordshire, MK42 7PW
14. Audit Information
The auditor's report on the accounts of Bedford Electrical Limited for the year ended 30 March 2025 was unqualified.
The auditor's report was signed by Statutory Auditor.
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