Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07127166 Mr Artan Gkogkas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07127166 2023-03-31 07127166 2024-03-31 07127166 2023-04-01 2024-03-31 07127166 frs-core:CurrentFinancialInstruments 2024-03-31 07127166 frs-core:Non-currentFinancialInstruments 2024-03-31 07127166 frs-core:ComputerEquipment 2024-03-31 07127166 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07127166 frs-core:ComputerEquipment 2023-03-31 07127166 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 07127166 frs-core:FurnitureFittings 2024-03-31 07127166 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07127166 frs-core:FurnitureFittings 2023-03-31 07127166 frs-core:MotorVehicles 2024-03-31 07127166 frs-core:MotorVehicles 2023-04-01 2024-03-31 07127166 frs-core:MotorVehicles 2023-03-31 07127166 frs-core:OtherResidualIntangibleAssets 2024-03-31 07127166 frs-core:OtherResidualIntangibleAssets 2023-03-31 07127166 frs-core:ShareCapital 2024-03-31 07127166 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07127166 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07127166 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07127166 frs-bus:SmallEntities 2023-04-01 2024-03-31 07127166 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07127166 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07127166 frs-bus:Director1 2023-04-01 2024-03-31 07127166 frs-bus:Director1 2023-03-31 07127166 frs-bus:Director1 2024-03-31 07127166 frs-core:CurrentFinancialInstruments 1 2024-03-31 07127166 frs-countries:EnglandWales 2023-04-01 2024-03-31 07127166 2022-03-31 07127166 2023-03-31 07127166 2022-04-01 2023-03-31 07127166 frs-core:CurrentFinancialInstruments 2023-03-31 07127166 frs-core:Non-currentFinancialInstruments 2023-03-31 07127166 frs-core:ShareCapital 2023-03-31 07127166 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07127166 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 07127166
Elinas Impo-Expo Limited
Financial Statements
For The Year Ended 31 March 2024
Charles & Co.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07127166
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,128 1,825
1,128 1,825
CURRENT ASSETS
Stocks 6 154,550 145,670
Debtors 7 75,940 84,950
Cash at bank and in hand 252 -
230,742 230,620
Creditors: Amounts Falling Due Within One Year 8 (320,706 ) (247,032 )
NET CURRENT ASSETS (LIABILITIES) (89,964 ) (16,412 )
TOTAL ASSETS LESS CURRENT LIABILITIES (88,836 ) (14,587 )
Creditors: Amounts Falling Due After More Than One Year 9 - (68,428 )
NET LIABILITIES (88,836 ) (83,015 )
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account (89,036 ) (83,215 )
SHAREHOLDERS' FUNDS (88,836) (83,015)
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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 Artan Gkogkas
Director
08/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Elinas Impo-Expo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07127166 . The registered office is 155 Holmlands Drive, Prenton, CH43 0TU.
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 director has 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. The director will continue to provide his financial support to enable the company to continue trading.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software costs. They are amortised to profit and loss account over their estimated economic life of 4 years.
2.5. 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% on cost
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on cost
2.6. 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 as  2 (2023: 2)
2 2
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4. Intangible Assets
Other
£
Cost
As at 1 April 2023 2,800
As at 31 March 2024 2,800
Amortisation
As at 1 April 2023 2,800
As at 31 March 2024 2,800
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 5,000 4,464 1,844 11,308
As at 31 March 2024 5,000 4,464 1,844 11,308
Depreciation
As at 1 April 2023 5,000 2,745 1,738 9,483
Provided during the period - 644 53 697
As at 31 March 2024 5,000 3,389 1,791 10,180
Net Book Value
As at 31 March 2024 - 1,075 53 1,128
As at 1 April 2023 - 1,719 106 1,825
6. Stocks
2024 2023
£ £
Finished goods 154,550 145,670
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 70,467 71,910
VAT 5,473 4,728
Director's loan account - 8,312
75,940 84,950
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 170,782 159,750
Bank loans and overdrafts 72,969 15,612
Other taxes and social security 1,533 6,124
Net wages - 3,742
Other creditors 194 394
Factoring account 66,261 58,410
Accruals and deferred income 3,000 3,000
Director's loan account 5,967 -
320,706 247,032
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 68,428
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Artan Gkogkas 8,312 - - - -
The above loan is unsecured, interest free and repayable on demand.
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