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NTM Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Clouders (Audit & Accounts) Ltd
Chartered Certified Accountants
Charter House, 103-105 Leigh Road
Leigh-On-Sea
Essex
SS9 1JL
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Accountant's Report
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 March 2026 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
18/05/2026
Clouders (Audit & Accounts) Ltd
Chartered Certified Accountants
Charter House, 103-105 Leigh Road
Leigh-On-Sea
Essex
SS9 1JL
Page 1
Page 2
Balance Sheet
Registered number: 06446728
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,673 2,245
Investment Properties 5 162,544 165,000
164,217 167,245
CURRENT ASSETS
Stocks 6 1,000 1,500
Debtors 7 12,888 65,640
Cash at bank and in hand 56,388 94,041
70,276 161,181
Creditors: Amounts Falling Due Within One Year 8 (68,709 ) (65,429 )
NET CURRENT ASSETS (LIABILITIES) 1,567 95,752
TOTAL ASSETS LESS CURRENT LIABILITIES 165,784 262,997
PROVISIONS FOR LIABILITIES
Deferred Taxation - (373 )
NET ASSETS 165,784 262,624
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 11 - 2,456
Profit and Loss Account 165,684 260,068
SHAREHOLDERS' FUNDS 165,784 262,624
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For the year ending 31 March 2026 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
N T Maslen
Director
K T Maslen
Director
18/05/2026
The notes on pages 4 to 8 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
NTM Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06446728 . The registered office is Charter House, 103 - 105 Leigh Road, Leigh on Sea, Essex, SS9 1JL.
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.
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 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on cost
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.
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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.
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 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2025 4,991 16,548 3,614 2,830 27,983
As at 31 March 2026 4,991 16,548 3,614 2,830 27,983
Depreciation
As at 1 April 2025 4,381 15,694 3,124 2,539 25,738
Provided during the period 153 213 123 83 572
As at 31 March 2026 4,534 15,907 3,247 2,622 26,310
Net Book Value
As at 31 March 2026 457 641 367 208 1,673
As at 1 April 2025 610 854 490 291 2,245
5. Investment Property
2026
£
Fair Value
As at 1 April 2025 165,000
Fair value adjustments (2,456 )
As at 31 March 2026 162,544
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
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2026 2025
£ £
Cost 162,544 162,544
6. Stocks
2026 2025
£ £
Stock 1,000 1,500
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 5,094 15,043
Amounts recoverable on contracts 3,162 47,392
Prepayments and accrued income 1,367 1,325
Other debtors 1,880 1,880
Corporation tax refund 1,385 -
12,888 65,640
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors - 38
Corporation tax 16 1,401
Other taxes and social security 229 326
VAT 563 7,103
Accrued expenses 1,740 2,071
Directors' loan accounts 66,161 54,490
68,709 65,429
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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10. Dividends
2026 2025
£ £
On equity shares:
Interim dividend paid 48,000 49,000
11. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 April 2025 2,456 260,068
Loss for the year and total comprehensive income - (48,839 )
Dividends paid - (48,000)
Transfer to/from Fair value reserve - 2,455
Transfer to/from Profit & Loss Account (2,456 ) -
As at 31 March 2026 - 165,684
12. Ultimate Controlling Party
The company is controlled by the directors
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