Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10676058 Mr Luke Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10676058 2024-03-31 10676058 2025-03-31 10676058 2024-04-01 2025-03-31 10676058 frs-core:CurrentFinancialInstruments 2025-03-31 10676058 frs-core:Non-currentFinancialInstruments 2025-03-31 10676058 frs-core:BetweenOneFiveYears 2025-03-31 10676058 frs-core:ComputerEquipment 2025-03-31 10676058 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10676058 frs-core:ComputerEquipment 2024-03-31 10676058 frs-core:FurnitureFittings 2025-03-31 10676058 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10676058 frs-core:FurnitureFittings 2024-03-31 10676058 frs-core:NetGoodwill 2025-03-31 10676058 frs-core:NetGoodwill 2024-04-01 2025-03-31 10676058 frs-core:NetGoodwill 2024-03-31 10676058 frs-core:MotorVehicles 2025-03-31 10676058 frs-core:MotorVehicles 2024-04-01 2025-03-31 10676058 frs-core:MotorVehicles 2024-03-31 10676058 frs-core:PlantMachinery 2025-03-31 10676058 frs-core:PlantMachinery 2024-04-01 2025-03-31 10676058 frs-core:PlantMachinery 2024-03-31 10676058 frs-core:WithinOneYear 2025-03-31 10676058 frs-core:ShareCapital 2025-03-31 10676058 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10676058 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10676058 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10676058 frs-bus:SmallEntities 2024-04-01 2025-03-31 10676058 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10676058 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10676058 frs-bus:Director1 2024-04-01 2025-03-31 10676058 frs-countries:EnglandWales 2024-04-01 2025-03-31 10676058 2023-03-31 10676058 2024-03-31 10676058 2023-04-01 2024-03-31 10676058 frs-core:CurrentFinancialInstruments 2024-03-31 10676058 frs-core:Non-currentFinancialInstruments 2024-03-31 10676058 frs-core:BetweenOneFiveYears 2024-03-31 10676058 frs-core:WithinOneYear 2024-03-31 10676058 frs-core:ShareCapital 2024-03-31 10676058 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10676058
L.E-Electrical (South) Ltd
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10676058
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,980 4,470
Tangible Assets 5 30,999 37,320
33,979 41,790
CURRENT ASSETS
Stocks 6 4,000 6,950
Debtors 7 1,801 6,429
Cash at bank and in hand 10,912 11,813
16,713 25,192
Creditors: Amounts Falling Due Within One Year 8 (37,426 ) (43,001 )
NET CURRENT ASSETS (LIABILITIES) (20,713 ) (17,809 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,266 23,981
Creditors: Amounts Falling Due After More Than One Year 9 (8,916 ) (18,251 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,453 ) (5,432 )
NET (LIABILITIES)/ASSETS (1,103 ) 298
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (1,203 ) 198
SHAREHOLDERS' FUNDS (1,103) 298
Page 1
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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 Luke Evans
Director
9th December 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
L.E-Electrical (South) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10676058 . The registered office is 259, Copnor Road, Portsmouth, Hampshire, PO3 5EE.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Plant & Machinery 20% Reducing balance
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
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.
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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 year 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 asset 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: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 14,900
As at 31 March 2025 14,900
Amortisation
As at 1 April 2024 10,430
Provided during the period 1,490
As at 31 March 2025 11,920
Net Book Value
As at 31 March 2025 2,980
As at 1 April 2024 4,470
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 15,558 50,080 702 4,077 70,417
Additions 875 - - 623 1,498
As at 31 March 2025 16,433 50,080 702 4,700 71,915
...CONTINUED
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Depreciation
As at 1 April 2024 12,171 17,710 439 2,777 33,097
Provided during the period 837 6,474 66 442 7,819
As at 31 March 2025 13,008 24,184 505 3,219 40,916
Net Book Value
As at 31 March 2025 3,425 25,896 197 1,481 30,999
As at 1 April 2024 3,387 32,370 263 1,300 37,320
6. Stocks
2025 2024
£ £
Materials 4,000 4,000
Work in progress - 2,950
4,000 6,950
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,015 4,723
Other debtors 786 1,706
1,801 6,429
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,458 4,458
Trade creditors 2,935 3,066
Bank loans and overdrafts 3,677 4,180
Other creditors 26,183 31,269
Taxation and social security 173 28
37,426 43,001
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 8,916 13,374
Other creditors - 4,877
8,916 18,251
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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 4,458 4,458
Later than one year and not later than five years 8,916 13,374
13,374 17,832
13,374 17,832
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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