Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12842469 Mrs Ilona Alcock Miss Katie Robson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12842469 2023-08-31 12842469 2024-08-31 12842469 2023-09-01 2024-08-31 12842469 frs-core:CurrentFinancialInstruments 2024-08-31 12842469 frs-core:ComputerEquipment 2024-08-31 12842469 frs-core:ComputerEquipment 2023-09-01 2024-08-31 12842469 frs-core:ComputerEquipment 2023-08-31 12842469 frs-core:ShareCapital 2024-08-31 12842469 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12842469 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12842469 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12842469 frs-bus:SmallEntities 2023-09-01 2024-08-31 12842469 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12842469 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12842469 frs-bus:Director1 2023-09-01 2024-08-31 12842469 frs-bus:Director2 2023-09-01 2024-08-31 12842469 frs-countries:EnglandWales 2023-09-01 2024-08-31 12842469 2022-08-31 12842469 2023-08-31 12842469 2022-09-01 2023-08-31 12842469 frs-core:CurrentFinancialInstruments 2023-08-31 12842469 frs-core:ShareCapital 2023-08-31 12842469 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12842469
Elevate Gm Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Cloud 10 Accounting
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—6
Page 1
Company Information
Directors Mrs Ilona Alcock
Miss Katie Robson
Company Number 12842469
Registered Office 14 Norwood Avenue
Wigan
England
WN6 7PY
Accountants Cloud 10 Accounting
Chartered Certified Accountants
Page 1
Page 2
Accountant's Report
In accordance with the engagement letter , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 August 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
18/11/2024
Cloud 10 Accounting
Chartered Certified Accountants
Page 2
Page 3
Balance Sheet
Registered number: 12842469
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,784 2,249
1,784 2,249
CURRENT ASSETS
Debtors 5 29,408 3,249
Cash at bank and in hand 12,020 26,457
41,428 29,706
Creditors: Amounts Falling Due Within One Year 6 (42,672 ) (19,789 )
NET CURRENT ASSETS (LIABILITIES) (1,244 ) 9,917
TOTAL ASSETS LESS CURRENT LIABILITIES 540 12,166
NET ASSETS 540 12,166
CAPITAL AND RESERVES
Called up share capital 7 99 99
Profit and Loss Account 441 12,067
SHAREHOLDERS' FUNDS 540 12,166
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Page 4
For the year ending 31 August 2024 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
Mrs Ilona Alcock
Director
18/11/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Elevate Gm Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12842469 . The registered office is 14 Norwood Avenue, Wigan, England, WN6 7PY.
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 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:
Computer Equipment Straight line 3 years
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax is recognised in other comprehensive income or directly in equity respectively.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 5,231
Additions 1,075
As at 31 August 2024 6,306
Depreciation
As at 1 September 2023 2,982
Provided during the period 1,540
As at 31 August 2024 4,522
Net Book Value
As at 31 August 2024 1,784
As at 1 September 2023 2,249
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 28,852 13,398
Other debtors 556 (10,149)
29,408 3,249
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5 8,515
Other creditors 27,808 419
Taxation and social security 14,859 10,855
42,672 19,789
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 99 99
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