Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 11030866 Mr Gary Chester Nichola Wray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11030866 2022-10-31 11030866 2023-10-31 11030866 2022-11-01 2023-10-31 11030866 frs-core:CurrentFinancialInstruments 2023-10-31 11030866 frs-core:Non-currentFinancialInstruments 2023-10-31 11030866 frs-core:FurnitureFittings 2023-10-31 11030866 frs-core:FurnitureFittings 2022-11-01 2023-10-31 11030866 frs-core:FurnitureFittings 2022-10-31 11030866 frs-core:NetGoodwill 2023-10-31 11030866 frs-core:NetGoodwill 2022-11-01 2023-10-31 11030866 frs-core:NetGoodwill 2022-10-31 11030866 frs-core:MotorVehicles 2023-10-31 11030866 frs-core:MotorVehicles 2022-11-01 2023-10-31 11030866 frs-core:MotorVehicles 2022-10-31 11030866 frs-core:ShareCapital 2023-10-31 11030866 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11030866 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11030866 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11030866 frs-bus:SmallEntities 2022-11-01 2023-10-31 11030866 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11030866 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11030866 frs-bus:Director1 2022-11-01 2023-10-31 11030866 frs-bus:Director2 2022-11-01 2023-10-31 11030866 frs-countries:EnglandWales 2022-11-01 2023-10-31 11030866 2021-10-31 11030866 2022-10-31 11030866 2021-11-01 2022-10-31 11030866 frs-core:CurrentFinancialInstruments 2022-10-31 11030866 frs-core:Non-currentFinancialInstruments 2022-10-31 11030866 frs-core:ShareCapital 2022-10-31 11030866 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 11030866
Elton Retail Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11030866
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 9,952 12,778
9,953 12,779
CURRENT ASSETS
Stocks 27,460 22,463
Debtors 6 44,340 19,761
Cash at bank and in hand 2,970 14,671
74,770 56,895
Creditors: Amounts Falling Due Within One Year 7 (81,659 ) (49,974 )
NET CURRENT ASSETS (LIABILITIES) (6,889 ) 6,921
TOTAL ASSETS LESS CURRENT LIABILITIES 3,064 19,700
Creditors: Amounts Falling Due After More Than One Year 8 (38,768 ) (42,819 )
NET LIABILITIES (35,704 ) (23,119 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (35,705 ) (23,120 )
SHAREHOLDERS' FUNDS (35,704) (23,119)
Page 1
Page 2
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 Gary Chester
Director
30th October 2024
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
Elton Retail Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11030866 . The registered office is 120 Walshaw Road, Bury, Lancashire, BL8 1LY.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 9)
8 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 1
As at 31 October 2023 1
Net Book Value
As at 31 October 2023 1
As at 1 November 2022 1
Page 3
Page 4
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 14,850 9,425 24,275
Additions - 135 135
As at 31 October 2023 14,850 9,560 24,410
Depreciation
As at 1 November 2022 7,281 4,216 11,497
Provided during the period 1,892 1,069 2,961
As at 31 October 2023 9,173 5,285 14,458
Net Book Value
As at 31 October 2023 5,677 4,275 9,952
As at 1 November 2022 7,569 5,209 12,778
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 44,340 19,761
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,459 1,341
Bank loans and overdrafts 6,944 2,893
Other loans 60,748 33,486
Other creditors 1,268 3,337
Taxation and social security 8,240 8,917
81,659 49,974
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 38,768 42,819
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4