Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 05135305 Mr Benjamin McCayna Mr Benjamin McCayna iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05135305 2022-08-31 05135305 2023-08-31 05135305 2022-09-01 2023-08-31 05135305 frs-core:CurrentFinancialInstruments 2023-08-31 05135305 frs-core:Non-currentFinancialInstruments 2023-08-31 05135305 frs-core:PlantMachinery 2023-08-31 05135305 frs-core:PlantMachinery 2022-09-01 2023-08-31 05135305 frs-core:PlantMachinery 2022-08-31 05135305 frs-core:ShareCapital 2023-08-31 05135305 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 05135305 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 05135305 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 05135305 frs-bus:SmallEntities 2022-09-01 2023-08-31 05135305 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 05135305 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 05135305 frs-bus:Director1 2022-09-01 2023-08-31 05135305 frs-bus:Director2 2022-09-01 2023-08-31 05135305 frs-countries:EnglandWales 2022-09-01 2023-08-31 05135305 2021-08-31 05135305 2022-08-31 05135305 2021-09-01 2022-08-31 05135305 frs-core:CurrentFinancialInstruments 2022-08-31 05135305 frs-core:Non-currentFinancialInstruments 2022-08-31 05135305 frs-core:ShareCapital 2022-08-31 05135305 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 05135305
Elite Door & Window Operating Equipment Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Westbury Accountancy Ltd
Suite 1a, 2nd Floor, Hunter House Hutton Road
Shenfield
Brentwood
CM15 8NL
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05135305
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 317,727 149,549
317,727 149,549
CURRENT ASSETS
Debtors 5 1,324,716 782,553
Cash at bank and in hand 20,993 7,448
1,345,709 790,001
Creditors: Amounts Falling Due Within One Year 6 (793,288 ) (300,898 )
NET CURRENT ASSETS (LIABILITIES) 552,421 489,103
TOTAL ASSETS LESS CURRENT LIABILITIES 870,148 638,652
Creditors: Amounts Falling Due After More Than One Year 7 (593,841 ) (382,303 )
NET ASSETS 276,307 256,349
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 276,107 256,149
SHAREHOLDERS' FUNDS 276,307 256,349
Page 1
Page 2
For the year ending 31 August 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 Benjamin McCayna
Director
30th November 2023
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elite Door & Window Operating Equipment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05135305 . The registered office is 2nd Floor Hunter House, Hutton Road, Shenfield, Essex, CM15 8NL.
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 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 32 (2022: 27)
32 27
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2022 356,729
Additions 189,292
As at 31 August 2023 546,021
Depreciation
As at 1 September 2022 207,180
Provided during the period 21,114
As at 31 August 2023 228,294
Net Book Value
As at 31 August 2023 317,727
As at 1 September 2022 149,549
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,324,716 782,553
1,324,716 782,553
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 123,552 72,339
Bank loans and overdrafts 52,267 51,253
Other taxes and social security 74,639 73,627
VAT 53,538 103,679
Directors' loan accounts 489,292 -
793,288 300,898
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 593,841 382,303
593,841 382,303
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
Page 4