Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 3264795 Mr Michael Fleming Mr Edward Moore Mrs Beverley Moore Mrs Beverley Moore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3264795 2023-03-31 3264795 2024-03-31 3264795 2023-04-01 2024-03-31 3264795 frs-core:CurrentFinancialInstruments 2024-03-31 3264795 frs-core:Non-currentFinancialInstruments 2024-03-31 3264795 frs-core:ComputerEquipment 2023-04-01 2024-03-31 3264795 frs-core:FurnitureFittings 2023-04-01 2024-03-31 3264795 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 3264795 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 3264795 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 3264795 frs-core:MotorVehicles 2023-04-01 2024-03-31 3264795 frs-core:PlantMachinery 2024-03-31 3264795 frs-core:PlantMachinery 2023-04-01 2024-03-31 3264795 frs-core:PlantMachinery 2023-03-31 3264795 frs-core:ShareCapital 2024-03-31 3264795 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 3264795 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 3264795 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 3264795 frs-bus:SmallEntities 2023-04-01 2024-03-31 3264795 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 3264795 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 3264795 frs-bus:Director1 2023-04-01 2024-03-31 3264795 frs-bus:Director2 2023-04-01 2024-03-31 3264795 frs-bus:Director3 2023-04-01 2024-03-31 3264795 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 3264795 frs-countries:EnglandWales 2023-04-01 2024-03-31 3264795 2022-03-31 3264795 2023-03-31 3264795 2022-04-01 2023-03-31 3264795 frs-core:CurrentFinancialInstruments 2023-03-31 3264795 frs-core:Non-currentFinancialInstruments 2023-03-31 3264795 frs-core:ShareCapital 2023-03-31 3264795 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 3264795
ELM CONTRACTS (CONTRACTING) LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
J.W.GALLOP FCCA
Chartered Certified Accountant
41 ST EDMUNDS ROAD
ACLE
NORWICH
NORFOLK
NR13 3BP
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 3264795
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 465,931 173,137
465,931 173,137
CURRENT ASSETS
Stocks 5 11,000 1,000
Debtors 6 600,992 1,005,632
Cash at bank and in hand 82 108,803
612,074 1,115,435
Creditors: Amounts Falling Due Within One Year 7 (611,371 ) (608,748 )
NET CURRENT ASSETS (LIABILITIES) 703 506,687
TOTAL ASSETS LESS CURRENT LIABILITIES 466,634 679,824
Creditors: Amounts Falling Due After More Than One Year 8 (15,000 ) (180,886 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (6,911 )
NET ASSETS 451,634 492,027
CAPITAL AND RESERVES
Called up share capital 9 120 120
Profit and Loss Account 451,514 491,907
SHAREHOLDERS' FUNDS 451,634 492,027
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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 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 Edward Moore
Director
31/01/2025
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
ELM CONTRACTS (CONTRACTING) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 3264795 . The registered office is 248 Southtown Road, Great Yarmouth, Norfolk, NR30 0JJ.
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 rendering of Building construction services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. 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 Not depreciation revalued at 31.3.2024
Plant & Machinery 20%;15%; & 12.5% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 15% straight line
Computer Equipment 20% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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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 year 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.
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 asset reflects 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: 32 (2023: 33)
32 33
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 418,087 313,203 731,290
Additions - 1,634 1,634
As at 31 March 2024 418,087 314,837 732,924
Depreciation
As at 1 April 2023 300,000 258,153 558,153
Provided during the period - 8,840 8,840
Disposals (300,000 ) - (300,000 )
As at 31 March 2024 - 266,993 266,993
Net Book Value
As at 31 March 2024 418,087 47,844 465,931
As at 1 April 2023 118,087 55,050 173,137
5. Stocks
2024 2023
£ £
Materials 11,000 500
Work in progress - 500
11,000 1,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 459,701 953,224
Prepayments and accrued income 10,133 2,368
Other debtors 131,158 50,040
600,992 1,005,632
The amounts  of Other Debtors are amounts due from the directors. These were repaid in November 2024. Interest is charged on these amounst at a rate of 2.5% p.a. 
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,380 9,383
Trade creditors 350,035 182,754
Bank loans and overdrafts 153,022 87,500
Corporation tax 18,584 144,806
Other taxes and social security 47,800 133,253
Accruals and deferred income 32,550 29,026
Directors' loan accounts - 22,026
611,371 608,748
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 9,380
Bank loans 15,000 171,506
15,000 180,886
Creditors due after one year.
Bounce Back Loans £15,000
TOTAL £25,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
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