Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09363301 Mr Clive Male iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09363301 2023-03-31 09363301 2024-03-31 09363301 2023-04-01 2024-03-31 09363301 frs-core:CurrentFinancialInstruments 2024-03-31 09363301 frs-core:Non-currentFinancialInstruments 2024-03-31 09363301 frs-core:ComputerEquipment 2024-03-31 09363301 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09363301 frs-core:ComputerEquipment 2023-03-31 09363301 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 09363301 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09363301 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 09363301 frs-core:PlantMachinery 2024-03-31 09363301 frs-core:PlantMachinery 2023-04-01 2024-03-31 09363301 frs-core:PlantMachinery 2023-03-31 09363301 frs-core:ShareCapital 2024-03-31 09363301 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09363301 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09363301 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09363301 frs-bus:SmallEntities 2023-04-01 2024-03-31 09363301 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09363301 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09363301 frs-core:CostValuation 2023-03-31 09363301 frs-core:CostValuation 2024-03-31 09363301 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 09363301 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 09363301 frs-bus:Director1 2023-04-01 2024-03-31 09363301 frs-countries:EnglandWales 2023-04-01 2024-03-31 09363301 2022-03-31 09363301 2023-03-31 09363301 2022-04-01 2023-03-31 09363301 frs-core:CurrentFinancialInstruments 2023-03-31 09363301 frs-core:Non-currentFinancialInstruments 2023-03-31 09363301 frs-core:ShareCapital 2023-03-31 09363301 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09363301
Element Roofing Holdings LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09363301
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 297,243 36,742
Investments 5 130,240 130,240
427,483 166,982
CURRENT ASSETS
Debtors 6 178,176 375
Cash at bank and in hand 34,339 600,619
212,515 600,994
Creditors: Amounts Falling Due Within One Year 7 (69,439 ) (243,895 )
NET CURRENT ASSETS (LIABILITIES) 143,076 357,099
TOTAL ASSETS LESS CURRENT LIABILITIES 570,559 524,081
Creditors: Amounts Falling Due After More Than One Year 8 (13,343 ) (23,274 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (70 ) (70 )
NET ASSETS 557,146 500,737
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 557,046 500,637
SHAREHOLDERS' FUNDS 557,146 500,737
Page 1
Page 2
For the year ending 31 March 2024 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
Mr Clive Male
Director
18/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Element Roofing Holdings LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09363301 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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:
Freehold 0% - on cost
Plant & Machinery 15% - reducing balance
Computer Equipment 15% - reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.
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.
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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 36,428 - 511 36,939
Additions 253,803 8,000 - 261,803
As at 31 March 2024 290,231 8,000 511 298,742
Depreciation
As at 1 April 2023 - - 197 197
Provided during the period - 1,255 47 1,302
As at 31 March 2024 - 1,255 244 1,499
Net Book Value
As at 31 March 2024 290,231 6,745 267 297,243
As at 1 April 2023 36,428 - 314 36,742
5. Investments
Other
£
Cost
As at 1 April 2023 130,240
As at 31 March 2024 130,240
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 130,240
As at 1 April 2023 130,240
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Director's loan account 177,501 -
Due after more than one year
Amounts owed by group undertakings 675 375
178,176 375
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,500 600
Bank loans and overdrafts 9,931 9,931
Corporation tax 1,558 (63,006 )
Director's loan account - 5,102
Amounts owed to group undertakings 56,450 291,268
69,439 243,895
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,343 23,274
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5