Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 12562016 Mrs Elvan Gul iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12562016 2023-04-30 12562016 2024-04-30 12562016 2023-05-01 2024-04-30 12562016 frs-core:CurrentFinancialInstruments 2024-04-30 12562016 frs-core:ComputerEquipment 2023-05-01 2024-04-30 12562016 frs-core:FurnitureFittings 2023-05-01 2024-04-30 12562016 frs-core:NetGoodwill 2024-04-30 12562016 frs-core:NetGoodwill 2023-05-01 2024-04-30 12562016 frs-core:NetGoodwill 2023-04-30 12562016 frs-core:PlantMachinery 2024-04-30 12562016 frs-core:PlantMachinery 2023-05-01 2024-04-30 12562016 frs-core:PlantMachinery 2023-04-30 12562016 frs-core:ShareCapital 2024-04-30 12562016 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 12562016 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12562016 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 12562016 frs-bus:SmallEntities 2023-05-01 2024-04-30 12562016 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12562016 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12562016 frs-bus:Director1 2023-05-01 2024-04-30 12562016 frs-countries:EnglandWales 2023-05-01 2024-04-30 12562016 2022-04-30 12562016 2023-04-30 12562016 2022-05-01 2023-04-30 12562016 frs-core:CurrentFinancialInstruments 2023-04-30 12562016 frs-core:ShareCapital 2023-04-30 12562016 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 12562016
Elzey Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Elzey Accountancy and Tax
ACCA
First Floor 2 Central Parade
101 Victoria Road
Horley
Surrey
RH6 7PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12562016
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 100,198 112,723
Tangible Assets 5 309 463
100,507 113,186
CURRENT ASSETS
Debtors 6 52,794 43,217
Cash at bank and in hand 114,143 103,993
166,937 147,210
Creditors: Amounts Falling Due Within One Year 7 (167,467 ) (222,885 )
NET CURRENT ASSETS (LIABILITIES) (530 ) (75,675 )
TOTAL ASSETS LESS CURRENT LIABILITIES 99,977 37,511
NET ASSETS 99,977 37,511
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 99,877 37,411
SHAREHOLDERS' FUNDS 99,977 37,511
Page 1
Page 2
For the year ending 30 April 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 her 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 Elvan Gul
Director
25/11/2024
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
Elzey Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12562016 . The registered office is First Floor, 2 Central Parade, 101 Victoria Road, Horley, Surrey, RH6 7PH.
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 10 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:
Plant & Machinery 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 5)
3 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 125,248
As at 30 April 2024 125,248
Amortisation
As at 1 May 2023 12,525
Provided during the period 12,525
As at 30 April 2024 25,050
Net Book Value
As at 30 April 2024 100,198
As at 1 May 2023 112,723
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2023 618
As at 30 April 2024 618
Depreciation
As at 1 May 2023 155
Provided during the period 154
As at 30 April 2024 309
Net Book Value
As at 30 April 2024 309
As at 1 May 2023 463
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 42,016 39,029
Other debtors 10,778 4,188
52,794 43,217
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,188 5,103
Bank loans and overdrafts 26,505 2,322
Amounts owed to participating interests 70,322 178,977
Other creditors 15,580 285
Taxation and social security 51,872 36,198
167,467 222,885
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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