Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 July 2022 false 1 December 2022 31 May 2023 31 May 2023 10233774 Mrs Elaina Chambi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10233774 2022-11-30 10233774 2023-05-31 10233774 2022-12-01 2023-05-31 10233774 frs-core:CurrentFinancialInstruments 2023-05-31 10233774 frs-core:Non-currentFinancialInstruments 2023-05-31 10233774 frs-core:ComputerEquipment 2022-12-01 2023-05-31 10233774 frs-core:FurnitureFittings 2022-12-01 2023-05-31 10233774 frs-core:PlantMachinery 2023-05-31 10233774 frs-core:PlantMachinery 2022-12-01 2023-05-31 10233774 frs-core:PlantMachinery 2022-11-30 10233774 frs-core:ShareCapital 2023-05-31 10233774 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 10233774 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-05-31 10233774 frs-bus:FilletedAccounts 2022-12-01 2023-05-31 10233774 frs-bus:SmallEntities 2022-12-01 2023-05-31 10233774 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-05-31 10233774 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-05-31 10233774 frs-bus:Director1 2022-12-01 2023-05-31 10233774 frs-countries:EnglandWales 2022-12-01 2023-05-31 10233774 2022-06-30 10233774 2022-11-30 10233774 2022-07-01 2022-11-30 10233774 frs-core:CurrentFinancialInstruments 2022-11-30 10233774 frs-core:Non-currentFinancialInstruments 2022-11-30 10233774 frs-core:ShareCapital 2022-11-30 10233774 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10233774
ELLE JAMES INTERIORS LTD
Unaudited Financial Statements
For the Period 1 December 2022 to 31 May 2023
ISA Consortium Ltd
206 New Road
Croxley Green
WD3 3HH
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10233774
31 May 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 124,049 141,801
124,049 141,801
CURRENT ASSETS
Stocks 5 162,496 71,986
Debtors 6 6,812 48,473
Cash at bank and in hand 63,431 50,240
232,739 170,699
Creditors: Amounts Falling Due Within One Year 7 (485,622 ) (282,309 )
NET CURRENT ASSETS (LIABILITIES) (252,883 ) (111,610 )
TOTAL ASSETS LESS CURRENT LIABILITIES (128,834 ) 30,191
Creditors: Amounts Falling Due After More Than One Year 8 (30,000 ) (35,000 )
NET LIABILITIES (158,834 ) (4,809 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (158,836 ) (4,811 )
SHAREHOLDERS' FUNDS (158,834) (4,809)
Page 1
Page 2
For the period ending 31 May 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 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 Elaina Chambi
Director
24/11/2023
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
ELLE JAMES INTERIORS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10233774 . The registered office is 37 High Street, Potters Bar, EN6 5AJ.
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 20
Fixtures & Fittings 15
Computer Equipment 20
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 December 2022 198,756
As at 31 May 2023 198,756
Depreciation
As at 1 December 2022 56,955
Provided during the period 17,752
As at 31 May 2023 74,707
Net Book Value
As at 31 May 2023 124,049
As at 1 December 2022 141,801
5. Stocks
31 May 2023 30 November 2022
£ £
Finished goods 32,772 71,986
Work in progress 129,724 -
162,496 71,986
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6. Debtors
31 May 2023 30 November 2022
£ £
Due within one year
Trade debtors 4,412 17,171
Other debtors 2,400 31,302
6,812 48,473
7. Creditors: Amounts Falling Due Within One Year
31 May 2023 30 November 2022
£ £
Trade creditors 130,948 200,794
Other creditors 314,756 60,035
Taxation and social security 39,918 21,480
485,622 282,309
8. Creditors: Amounts Falling Due After More Than One Year
31 May 2023 30 November 2022
£ £
Bank loans 30,000 35,000
30,000 35,000
9. Share Capital
31 May 2023 30 November 2022
£ £
Allotted, Called up and fully paid 2 2
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