Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 04961011 Mr Martin Williams Pinstripe Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04961011 2022-11-30 04961011 2023-11-30 04961011 2022-12-01 2023-11-30 04961011 frs-core:CurrentFinancialInstruments 2023-11-30 04961011 frs-core:Non-currentFinancialInstruments 2023-11-30 04961011 frs-core:BetweenOneFiveYears 2023-11-30 04961011 frs-core:ComputerEquipment 2023-11-30 04961011 frs-core:ComputerEquipment 2022-12-01 2023-11-30 04961011 frs-core:ComputerEquipment 2022-11-30 04961011 frs-core:PlantMachinery 2023-11-30 04961011 frs-core:PlantMachinery 2022-12-01 2023-11-30 04961011 frs-core:PlantMachinery 2022-11-30 04961011 frs-core:WithinOneYear 2023-11-30 04961011 frs-core:ShareCapital 2023-11-30 04961011 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04961011 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04961011 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 04961011 frs-bus:SmallEntities 2022-12-01 2023-11-30 04961011 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04961011 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 04961011 frs-core:DeferredTaxation 2022-12-01 2023-11-30 04961011 frs-core:DeferredTaxation 2022-11-30 04961011 frs-core:DeferredTaxation 2023-11-30 04961011 frs-bus:Director1 2022-12-01 2023-11-30 04961011 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 04961011 frs-countries:EnglandWales 2022-12-01 2023-11-30 04961011 2021-11-30 04961011 2022-11-30 04961011 2021-12-01 2022-11-30 04961011 frs-core:CurrentFinancialInstruments 2022-11-30 04961011 frs-core:Non-currentFinancialInstruments 2022-11-30 04961011 frs-core:BetweenOneFiveYears 2022-11-30 04961011 frs-core:PlantMachinery 2021-12-01 2022-11-30 04961011 frs-core:WithinOneYear 2022-11-30 04961011 frs-core:ShareCapital 2022-11-30 04961011 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 04961011
Elite Carpentry & Maintenance Ltd
Financial Statements
For The Year Ended 30 November 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04961011
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 92,058 101,527
92,058 101,527
CURRENT ASSETS
Debtors 5 103,758 111,358
Cash at bank and in hand 79,423 88,748
183,181 200,106
Creditors: Amounts Falling Due Within One Year 6 (118,053 ) (96,177 )
NET CURRENT ASSETS (LIABILITIES) 65,128 103,929
TOTAL ASSETS LESS CURRENT LIABILITIES 157,186 205,456
Creditors: Amounts Falling Due After More Than One Year 7 (44,022 ) (68,349 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,145 ) (19,290 )
NET ASSETS 94,019 117,817
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 93,919 117,717
SHAREHOLDERS' FUNDS 94,019 117,817
Page 1
Page 2
For the year ending 30 November 2023 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 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 Martin Williams
Director
8 April 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elite Carpentry & Maintenance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04961011 . The registered office is Atelier B1, The Old Brewery, Lodway Pill, Bristol, BS20 0DH.
The presentation currency of the financial statements is the Pound Sterling (£)
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 represents the revenue generated from the sale of services. Revenue is measured at the fair value of the consideration received and receivable excluding value added tax.
Revenue from services is recognised when services have been provided and the contractual right to the consideration has been earned. For incomplete contracts an assessment is made of the extent to which revenue has been earned.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses
Depreciation is provided at following annual rates in order 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% on cost
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter with a full charge on the year of acquisition.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.6. 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.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
The average number of employees, including directors, during the year was 7 (2022: 6)
7 6
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 143,093 1,532 144,625
Additions 12,200 - 12,200
As at 30 November 2023 155,293 1,532 156,825
Depreciation
As at 1 December 2022 41,934 1,164 43,098
Provided during the period 21,311 358 21,669
As at 30 November 2023 63,245 1,522 64,767
Net Book Value
As at 30 November 2023 92,048 10 92,058
As at 1 December 2022 101,159 368 101,527
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Plant & Machinery 59,326 74,146
59,326 74,146
Page 4
Page 5
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 101,565 110,150
Other debtors 2,193 1,208
103,758 111,358
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 18,327 13,388
Bank loans and overdrafts 6,000 6,000
Other creditors 49,952 25,452
Taxation and social security 43,774 51,337
118,053 96,177
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 33,522 51,849
Bank loans 10,500 16,500
44,022 68,349
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 21,909 18,027
Later than one year and not later than five years 36,517 58,427
58,426 76,454
Less: Finance charges allocated to future periods 6,577 11,217
51,849 65,237
Page 5
Page 6
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2022 19,290 19,290
Deferred taxation (145 ) (145 )
Balance at 30 November 2023 19,145 19,145
The provision for deferred taxation is made up of accelerated capital allowances.
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
During the year, total dividends of £76,000 (2022: - £60,000) were paid to the director.
The company is controlled jointly by Mr M Williams, director, and his wife, Mrs D Williams, who own 100% of the voting share capital equally.
Other than movements on the directors' loan accounts with the company, there were no other advances, credits and guarantees with the directors during the accounting period.
Page 6