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Registered number: 05834680
Bladen Electrical Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05834680
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 53,831 48,660
53,831 48,660
CURRENT ASSETS
Stocks 5 7,150 3,900
Debtors 6 655,953 402,346
Cash at bank and in hand 274,659 153,292
937,762 559,538
Creditors: Amounts Falling Due Within One Year 7 (651,018 ) (432,767 )
NET CURRENT ASSETS (LIABILITIES) 286,744 126,771
TOTAL ASSETS LESS CURRENT LIABILITIES 340,575 175,431
Creditors: Amounts Falling Due After More Than One Year 8 (8,367 ) (19,179 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,000 ) -
NET ASSETS 317,208 156,252
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 317,206 156,250
SHAREHOLDERS' FUNDS 317,208 156,252
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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 G Morgan
Director
9 January 2026
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
Bladen Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05834680 . The registered office is 18 Mount Road, Marsden, Huddersfield, HD7 6HP.
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:
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.4. 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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2.5. 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: 14 (2024: 15)
14 15
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 38,527 198,558 2,945 240,030
Additions - 19,773 - 19,773
As at 31 March 2025 38,527 218,331 2,945 259,803
Depreciation
As at 1 April 2024 32,645 156,760 1,965 191,370
Provided during the period 882 13,573 147 14,602
As at 31 March 2025 33,527 170,333 2,112 205,972
Net Book Value
As at 31 March 2025 5,000 47,998 833 53,831
As at 1 April 2024 5,882 41,798 980 48,660
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5. Stocks
2025 2024
£ £
Stock 7,150 3,900
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 131,022 285,103
Other debtors 524,931 117,243
655,953 402,346
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 349,516 341,168
Bank loans and overdrafts 10,648 15,684
Other creditors 184,091 17,594
Taxation and social security 106,763 58,321
651,018 432,767
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 8,367 19,179
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. 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 Graeme Morgan 33,010 - 33,738 - 728
The above loan is unsecured, interest free and repayable on demand.
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