Acorah Software Products - Accounts Production 19.3.600 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 07049939 Mrs Susan King Mrs Paula Turpie Susan Angela King true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07049939 2025-03-31 07049939 2026-03-31 07049939 2025-04-01 2026-03-31 07049939 frs-core:CurrentFinancialInstruments 2026-03-31 07049939 frs-core:MotorVehicles 2026-03-31 07049939 frs-core:MotorVehicles 2025-04-01 2026-03-31 07049939 frs-core:MotorVehicles 2025-03-31 07049939 frs-core:PlantMachinery 2026-03-31 07049939 frs-core:PlantMachinery 2025-04-01 2026-03-31 07049939 frs-core:PlantMachinery 2025-03-31 07049939 frs-core:ShareCapital 2026-03-31 07049939 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 07049939 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 07049939 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 07049939 frs-bus:SmallEntities 2025-04-01 2026-03-31 07049939 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 07049939 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 07049939 1 2025-04-01 2026-03-31 07049939 frs-bus:Director1 2025-04-01 2026-03-31 07049939 frs-bus:Director2 2025-04-01 2026-03-31 07049939 frs-core:CurrentFinancialInstruments 1 2026-03-31 07049939 frs-countries:EnglandWales 2025-04-01 2026-03-31 07049939 2024-03-31 07049939 2025-03-31 07049939 2024-04-01 2025-03-31 07049939 frs-core:CurrentFinancialInstruments 2025-03-31 07049939 frs-core:ShareCapital 2025-03-31 07049939 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07049939 frs-core:CurrentFinancialInstruments 1 2025-03-31
Registered number: 07049939
Peter King Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Peter M Davis
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07049939
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,288 8,338
6,288 8,338
CURRENT ASSETS
Stocks 5 49,446 57,527
Debtors 6 95,852 51,589
Cash at bank and in hand 96,581 139,674
241,879 248,790
Creditors: Amounts Falling Due Within One Year 7 (92,948 ) (109,745 )
NET CURRENT ASSETS (LIABILITIES) 148,931 139,045
TOTAL ASSETS LESS CURRENT LIABILITIES 155,219 147,383
NET ASSETS 155,219 147,383
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 155,119 147,283
SHAREHOLDERS' FUNDS 155,219 147,383
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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
Mrs Susan King
Director
10/08/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Peter King Electrical Limited Registered number 07049939 , is a limited by shares company, incorporated in England & Wales. The Registered Office is 4 Maltings Garth, Thurston, Bury St Edmunds, Suffolk, IP31 3PP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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 stated at cost less depreciation. 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 20% Reducing Balance
Motor Vehicles 25% 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.
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2026 2025
Office and administration 2 2
Sales, marketing and distribution 5 5
7 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2025 3,678 59,708 63,386
As at 31 March 2026 3,678 59,708 63,386
Depreciation
As at 1 April 2025 2,990 52,058 55,048
Provided during the period 137 1,913 2,050
As at 31 March 2026 3,127 53,971 57,098
Net Book Value
As at 31 March 2026 551 5,737 6,288
As at 1 April 2025 688 7,650 8,338
5. Stocks
2026 2025
£ £
Work in progress 49,446 57,527
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 95,852 51,589
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 25,678 26,979
Corporation tax 2,107 2,071
Other taxes and social security 6,039 6,018
VAT 10,503 10,715
Peoples Pension Creditor 691 824
Accruals and deferred income 2,654 2,654
Directors' loan accounts 45,276 60,484
92,948 109,745
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8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Susan Angela King by virtue of her ownership of 92% of the issued share capital in the company.
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