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 10061015 Mr Chanoch Henoch Fasten iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10061015 2024-03-31 10061015 2025-03-31 10061015 2024-04-01 2025-03-31 10061015 frs-core:CurrentFinancialInstruments 2025-03-31 10061015 frs-core:Non-currentFinancialInstruments 2025-03-31 10061015 frs-core:ComputerEquipment 2025-03-31 10061015 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10061015 frs-core:ComputerEquipment 2024-03-31 10061015 frs-core:FurnitureFittings 2025-03-31 10061015 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10061015 frs-core:FurnitureFittings 2024-03-31 10061015 frs-core:MotorVehicles 2025-03-31 10061015 frs-core:MotorVehicles 2024-04-01 2025-03-31 10061015 frs-core:MotorVehicles 2024-03-31 10061015 frs-core:ShareCapital 2025-03-31 10061015 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10061015 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10061015 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10061015 frs-bus:SmallEntities 2024-04-01 2025-03-31 10061015 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10061015 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10061015 frs-bus:Director1 2024-04-01 2025-03-31 10061015 frs-countries:EnglandWales 2024-04-01 2025-03-31 10061015 2023-03-31 10061015 2024-03-31 10061015 2023-04-01 2024-03-31 10061015 frs-core:CurrentFinancialInstruments 2024-03-31 10061015 frs-core:Non-currentFinancialInstruments 2024-03-31 10061015 frs-core:ShareCapital 2024-03-31 10061015 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10061015
Fast Electrics Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10061015
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,059 3,582
3,059 3,582
CURRENT ASSETS
Debtors 5 150,741 168,752
Cash at bank and in hand 23,183 31,872
173,924 200,624
Creditors: Amounts Falling Due Within One Year 6 (14,518 ) (15,466 )
NET CURRENT ASSETS (LIABILITIES) 159,406 185,158
TOTAL ASSETS LESS CURRENT LIABILITIES 162,465 188,740
Creditors: Amounts Falling Due After More Than One Year 7 (28,090 ) (36,224 )
NET ASSETS 134,375 152,516
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 134,374 152,515
SHAREHOLDERS' FUNDS 134,375 152,516
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 Chanoch Henoch Fasten
Director
22/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fast Electrics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10061015 . The registered office is Office 5 Unit 14 Grosvenor Way, London, E5 9ND.
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
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 12,780 1,500 6,215 20,495
Additions - - 479 479
As at 31 March 2025 12,780 1,500 6,694 20,974
Depreciation
As at 1 April 2024 11,435 1,249 4,229 16,913
Provided during the period 336 50 616 1,002
As at 31 March 2025 11,771 1,299 4,845 17,915
Net Book Value
As at 31 March 2025 1,009 201 1,849 3,059
As at 1 April 2024 1,345 251 1,986 3,582
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 11,627
Prepayments and accrued income 2,013 2,013
Other debtors 145,553 152,873
VAT 3,175 2,239
150,741 168,752
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,488 13,566
Other creditors 6,030 1,900
14,518 15,466
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 28,090 36,224
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4