Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC147712 Mr Bryan McGrath Mr William Rayner Mr Allan Smith Mr Gavin Ross Ms Aurea Storie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC147712 2024-03-31 SC147712 2025-03-31 SC147712 2024-04-01 2025-03-31 SC147712 frs-core:CurrentFinancialInstruments 2025-03-31 SC147712 frs-core:Non-currentFinancialInstruments 2025-03-31 SC147712 frs-core:ComputerEquipment 2025-03-31 SC147712 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC147712 frs-core:ComputerEquipment 2024-03-31 SC147712 frs-core:FurnitureFittings 2025-03-31 SC147712 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC147712 frs-core:FurnitureFittings 2024-03-31 SC147712 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 SC147712 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 SC147712 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 SC147712 frs-core:MotorVehicles 2025-03-31 SC147712 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC147712 frs-core:MotorVehicles 2024-03-31 SC147712 frs-core:PlantMachinery 2025-03-31 SC147712 frs-core:PlantMachinery 2024-04-01 2025-03-31 SC147712 frs-core:PlantMachinery 2024-03-31 SC147712 frs-core:CapitalRedemptionReserve 2025-03-31 SC147712 frs-core:ShareCapital 2025-03-31 SC147712 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC147712 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC147712 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC147712 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC147712 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC147712 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC147712 frs-bus:Director1 2024-04-01 2025-03-31 SC147712 frs-bus:Director2 2024-04-01 2025-03-31 SC147712 frs-bus:Director3 2024-04-01 2025-03-31 SC147712 frs-bus:Director4 2024-04-01 2025-03-31 SC147712 frs-bus:Director5 2024-04-01 2025-03-31 SC147712 frs-countries:Scotland 2024-04-01 2025-03-31 SC147712 2023-03-31 SC147712 2024-03-31 SC147712 2023-04-01 2024-03-31 SC147712 frs-core:CurrentFinancialInstruments 2024-03-31 SC147712 frs-core:Non-currentFinancialInstruments 2024-03-31 SC147712 frs-core:CapitalRedemptionReserve 2024-03-31 SC147712 frs-core:ShareCapital 2024-03-31 SC147712 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC147712
Prime Electrical Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Ballantyne & Co
Chartered Accountants & Registered Auditors
60 St. Enoch Square
Glasgow
G1 4AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC147712
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 135,351 158,590
135,351 158,590
CURRENT ASSETS
Stocks 5 231,098 311,186
Debtors 6 3,254,111 3,218,900
Cash at bank and in hand 48,842 324,834
3,534,051 3,854,920
Creditors: Amounts Falling Due Within One Year 7 (1,728,805 ) (1,821,285 )
NET CURRENT ASSETS (LIABILITIES) 1,805,246 2,033,635
TOTAL ASSETS LESS CURRENT LIABILITIES 1,940,597 2,192,225
Creditors: Amounts Falling Due After More Than One Year 8 (243,706 ) (354,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,538 ) (6,538 )
NET ASSETS 1,690,353 1,831,687
CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Capital redemption reserve 5,000 5,000
Profit and Loss Account 1,680,353 1,821,687
SHAREHOLDERS' FUNDS 1,690,353 1,831,687
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 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 Allan Smith
Director
17 December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Prime Electrical Group Limited is a private company, limited by shares, incorporated in Scotland, registered number SC147712 . The registered office is 49 Napier Road, Wardpark North, Cumbernauld, Lanarkshire, G68 0EF.
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:
Leasehold Term of the lease
Plant & Machinery 25% RB
Motor Vehicles Nil
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 85 (2024: 59)
85 59
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 195,349 56,455 - 51,551
Additions - 1,255 2,083 -
As at 31 March 2025 195,349 57,710 2,083 51,551
Depreciation
As at 1 April 2024 78,455 50,035 - 43,997
Provided during the period 17,801 1,364 - 1,686
As at 31 March 2025 96,256 51,399 - 45,683
Net Book Value
As at 31 March 2025 99,093 6,311 2,083 5,868
As at 1 April 2024 116,894 6,420 - 7,554
Computer Equipment Total
£ £
Cost
As at 1 April 2024 54,387 357,742
Additions 899 4,237
As at 31 March 2025 55,286 361,979
Depreciation
As at 1 April 2024 26,665 199,152
Provided during the period 6,625 27,476
As at 31 March 2025 33,290 226,628
Net Book Value
As at 31 March 2025 21,996 135,351
As at 1 April 2024 27,722 158,590
5. Stocks
2025 2024
£ £
Stock 217,896 280,230
Work in progress 13,202 30,956
231,098 311,186
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,100,198 1,122,882
Other debtors 227,046 117,540
1,327,244 1,240,422
Due after more than one year
Trade debtors 52,360 72,471
Amounts owed by group undertakings 1,874,507 1,906,007
1,926,867 1,978,478
3,254,111 3,218,900
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 628,544 831,685
Bank loans and overdrafts 402,396 437,133
Other creditors 610,094 273,387
Taxation and social security 87,771 279,080
1,728,805 1,821,285
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 243,706 354,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 5,000 5,000
10. Related Party Transactions
As at 31st March 2025, a balance of £1,391870 (2024: £1,391,870 was due from parent company and £482,637 (2024: £514,137) was due from group companies.
These amounts are interest free and repayable on demand.
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