Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 12510303 Mr Damien Hanson Mrs Rebecca Hanson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12510303 2024-03-31 12510303 2025-03-31 12510303 2024-04-01 2025-03-31 12510303 frs-core:CurrentFinancialInstruments 2025-03-31 12510303 frs-core:Non-currentFinancialInstruments 2025-03-31 12510303 frs-core:BetweenOneFiveYears 2025-03-31 12510303 frs-core:FurnitureFittings 2025-03-31 12510303 frs-core:FurnitureFittings 2024-04-01 2025-03-31 12510303 frs-core:FurnitureFittings 2024-03-31 12510303 frs-core:MotorVehicles 2025-03-31 12510303 frs-core:MotorVehicles 2024-04-01 2025-03-31 12510303 frs-core:MotorVehicles 2024-03-31 12510303 frs-core:WithinOneYear 2025-03-31 12510303 frs-core:ShareCapital 2025-03-31 12510303 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 12510303 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12510303 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 12510303 frs-bus:SmallEntities 2024-04-01 2025-03-31 12510303 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12510303 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12510303 frs-core:DeferredTaxation 2024-04-01 2025-03-31 12510303 frs-core:DeferredTaxation 2024-03-31 12510303 frs-core:DeferredTaxation 2025-03-31 12510303 frs-bus:Director1 2024-04-01 2025-03-31 12510303 frs-bus:Director1 2024-03-31 12510303 frs-bus:Director1 2025-03-31 12510303 frs-bus:Director2 2024-04-01 2025-03-31 12510303 frs-countries:EnglandWales 2024-04-01 2025-03-31 12510303 2023-03-31 12510303 2024-03-31 12510303 2023-04-01 2024-03-31 12510303 frs-core:CurrentFinancialInstruments 2024-03-31 12510303 frs-core:Non-currentFinancialInstruments 2024-03-31 12510303 frs-core:BetweenOneFiveYears 2024-03-31 12510303 frs-core:MotorVehicles 2023-04-01 2024-03-31 12510303 frs-core:WithinOneYear 2024-03-31 12510303 frs-core:ShareCapital 2024-03-31 12510303 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 12510303
Hanson’S Electrical Contractors Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12510303
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,374 53,413
46,374 53,413
CURRENT ASSETS
Stocks 500 500
Debtors 5 46,873 54,863
Cash at bank and in hand 20,048 37,977
67,421 93,340
Creditors: Amounts Falling Due Within One Year 6 (48,546 ) (40,422 )
NET CURRENT ASSETS (LIABILITIES) 18,875 52,918
TOTAL ASSETS LESS CURRENT LIABILITIES 65,249 106,331
Creditors: Amounts Falling Due After More Than One Year 7 (16,048 ) (38,791 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (10,666 ) (11,844 )
NET ASSETS 38,535 55,696
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 38,435 55,596
SHAREHOLDERS' FUNDS 38,535 55,696
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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 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 Damien Hanson
Director
11/12/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hanson’S Electrical Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12510303 . The registered office is 19 Middlewoods Way, Carlton, Barnsley, South Yorkshire, S71 3HR.
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. 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:
Motor Vehicles 25% reducing balance method
Equipment, Fixture & Fitting 25% reducing balance method
2.4. 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.
2.5. 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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2.6. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 3 (2024: 2)
3 2
4. Tangible Assets
Motor Vehicles Equipment, Fixture & Fitting Total
£ £ £
Cost
As at 1 April 2024 79,982 2,438 82,420
Additions - 8,419 8,419
As at 31 March 2025 79,982 10,857 90,839
Depreciation
As at 1 April 2024 28,398 609 29,007
Provided during the period 12,896 2,562 15,458
As at 31 March 2025 41,294 3,171 44,465
Net Book Value
As at 31 March 2025 38,688 7,686 46,374
As at 1 April 2024 51,584 1,829 53,413
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 38,688 51,584
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,822 2,762
Prepayments and accrued income 673 647
VAT debtor 677 12,159
PAYE & CIS 30,690 32,568
Directors' loan accounts 5,011 6,727
46,873 54,863
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 22,743 21,131
Corporation tax 25,479 16,413
Wages creditor - 2,718
Pension creditor 255 77
Accruals and deferred income 69 83
48,546 40,422
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 16,048 38,791
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 22,743 21,131
Later than one year and not later than five years 16,048 38,791
38,791 59,922
38,791 59,922
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 10,666 11,844
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10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 11,844 11,844
Reversals (1,178 ) (1,178)
Balance at 31 March 2025 10,666 10,666
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Damien Hanson 6,727 8,574 (10,290 ) - 5,011
The above loan is unsecured, interest free and was repaid during the following year.
Dividends paid to directors
2025 2024
£ £
Mr Damien Hanson 65,500 33,500
Mrs Rebecca Hanson 29,500 1,000
13. Related Party Transactions
The company is controlled by Mr and Mrs Hanson, directors and shareholders of the company.
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