Acorah Software Products - Accounts Production 15.0.600 false true 30 December 2022 31 December 2021 false 31 December 2022 30 December 2023 30 December 2023 08800850 Anouar Adham true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08800850 2022-12-30 08800850 2023-12-30 08800850 2022-12-31 2023-12-30 08800850 frs-core:CurrentFinancialInstruments 2023-12-30 08800850 frs-core:FurnitureFittings 2023-12-30 08800850 frs-core:FurnitureFittings 2022-12-31 2023-12-30 08800850 frs-core:FurnitureFittings 2022-12-30 08800850 frs-core:ShareCapital 2023-12-30 08800850 frs-core:RetainedEarningsAccumulatedLosses 2023-12-30 08800850 frs-bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 08800850 frs-bus:FilletedAccounts 2022-12-31 2023-12-30 08800850 frs-bus:SmallEntities 2022-12-31 2023-12-30 08800850 frs-bus:AuditExempt-NoAccountantsReport 2022-12-31 2023-12-30 08800850 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 08800850 1 2022-12-31 2023-12-30 08800850 frs-core:UnlistedNon-exchangeTraded 2023-12-30 08800850 frs-core:UnlistedNon-exchangeTraded 2022-12-30 08800850 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-30 08800850 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-30 08800850 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-30 08800850 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-30 08800850 frs-bus:Director1 2022-12-31 2023-12-30 08800850 frs-countries:EnglandWales 2022-12-31 2023-12-30 08800850 2021-12-30 08800850 2022-12-30 08800850 2021-12-31 2022-12-30 08800850 frs-core:CurrentFinancialInstruments 2022-12-30 08800850 frs-core:ShareCapital 2022-12-30 08800850 frs-core:RetainedEarningsAccumulatedLosses 2022-12-30
Registered number: 08800850
Elite Int Assets UK Limited
Unaudited Financial Statements
For The Year Ended 30 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08800850
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 63,945 63,945
63,945 63,945
CURRENT ASSETS
Debtors 5 35,574 20,837
Cash at bank and in hand 417 5,212
35,991 26,049
Creditors: Amounts Falling Due Within One Year 6 (43,004 ) (33,711 )
NET CURRENT ASSETS (LIABILITIES) (7,013 ) (7,662 )
TOTAL ASSETS LESS CURRENT LIABILITIES 56,932 56,283
NET ASSETS 56,932 56,283
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 56,832 56,183
SHAREHOLDERS' FUNDS 56,932 56,283
For the year ending 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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
Anouar Adham
Director
30 July 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue 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.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. 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:
Furniture, fixtures and equipment Straight line over 3 years
1.4. 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.
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 assets reflect 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.
1.5. Investment
Investment in shares which have been classified as unlisted investment are measured at cost. Gain or loss on such investment are recognised in Profit and Loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
Page 2
Page 3
3. Tangible Assets
Furniture, fixtures and equipment
£
Cost
As at 31 December 2022 1,377
As at 30 December 2023 1,377
Depreciation
As at 31 December 2022 1,377
As at 30 December 2023 1,377
Net Book Value
As at 30 December 2023 -
As at 31 December 2022 -
4. Investments
Unlisted
£
Cost
As at 31 December 2022 63,945
As at 30 December 2023 63,945
Provision
As at 31 December 2022 -
As at 30 December 2023 -
Net Book Value
As at 30 December 2023 63,945
As at 31 December 2022 63,945
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 13,681 20,837
Amounts owed by other related parties 21,893 -
35,574 20,837
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 1,924 12,119
Other taxes and social security - 942
Other creditors 6,068 3,973
Accruals and deferred income 1,800 4,000
Amounts owed to related parties 33,212 12,677
43,004 33,711
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Included in creditors due within one year is an amount of £33,212 (2022:£12,677 ) owed to the companies in which the director has beneficial interest.  The amount is interest free and repayable on demand.
Included in debtors due within one year is an amount of £21,893 owed to the companies in which the director has beneficial interest.  The amount is interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of the ownership of 100% of the issued share capital in the company.
10. General Information
Elite Int Assets UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08800850 . The registered office is Chester House 2nd Floor, Office 220, 81-83 Fulham High Street, London, England, SW6 3JA.
Page 4