Acorah Software Products - Accounts Production 15.0.400 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08755569 Mrs Sarah Wilson Mr Philip Wilson Mr.Philip Wilson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08755569 2022-10-31 08755569 2023-10-31 08755569 2022-11-01 2023-10-31 08755569 frs-core:CurrentFinancialInstruments 2023-10-31 08755569 frs-core:ShareCapital 2023-10-31 08755569 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08755569 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08755569 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08755569 frs-bus:SmallEntities 2022-11-01 2023-10-31 08755569 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08755569 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08755569 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 08755569 frs-bus:OrdinaryShareClass1 2023-10-31 08755569 1 2022-11-01 2023-10-31 08755569 frs-bus:Director1 2022-11-01 2023-10-31 08755569 frs-bus:Director1 2022-10-31 08755569 frs-bus:Director1 2023-10-31 08755569 frs-bus:Director2 2022-11-01 2023-10-31 08755569 frs-bus:Director2 2022-10-31 08755569 frs-bus:Director2 2023-10-31 08755569 frs-countries:EnglandWales 2022-11-01 2023-10-31 08755569 2021-10-31 08755569 2022-10-31 08755569 2021-11-01 2022-10-31 08755569 frs-core:CurrentFinancialInstruments 2022-10-31 08755569 frs-core:ShareCapital 2022-10-31 08755569 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 08755569 frs-bus:OrdinaryShareClass1 2021-11-01 2022-10-31
Registered number: 08755569
Elocon Services Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08755569
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 4,676 4,074
Cash at bank and in hand 171 255
4,847 4,329
Creditors: Amounts Falling Due Within One Year 5 (34,265 ) (42,218 )
NET CURRENT ASSETS (LIABILITIES) (29,418 ) (37,889 )
TOTAL ASSETS LESS CURRENT LIABILITIES (29,418 ) (37,889 )
NET LIABILITIES (29,418 ) (37,889 )
CAPITAL AND RESERVES
Called up share capital 6 10 10
Profit and Loss Account (29,428 ) (37,899 )
SHAREHOLDERS' FUNDS (29,418) (37,889)
For the year ending 31 October 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
Mr Philip Wilson
Director
26 March 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Elocon Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08755569 . The registered office is 145/147 Hatfield Road, St. Albans, Hertfordshire, London, AL1 4JY.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
4. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets 2,710 2,710
VAT 1,364 1,364
Directors' loan accounts 602 -
4,676 4,074
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Page 3
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other taxes and social security - 1,740
Accruals and deferred income 1,500 1,500
Directors' loan accounts - 9,223
Amounts owed to group undertakings 32,765 29,755
34,265 42,218
Included in Amounts owed to group undertakings is a balance of £32,765 (Year 2022 : £29,755) which is owed to Pneuma Data Solutions Ltd (Company No.04907841) of which Philip Wilson and Sarah Wilson are directors.
6. Share Capital
2023 2022
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 1.00 each 10 10
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mrs Sarah Wilson (4,611 ) 5,272 (360 ) - 301
Mr Philip Wilson (4,612 ) 5,273 (360 ) - 301
The above loan is unsecured, interest free and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling parties are Mr.Philip Wilson and Mrs.Sarah Wilson by virtue of their ownership of 100% of the issued share capital in the company.
Page 3