Acorah Software Products - Accounts Production 16.1.200 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10347767 Anouar Adham Ahmad Meshari Muhaidi Farid Sabri iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10347767 2023-01-31 10347767 2024-01-31 10347767 2023-02-01 2024-01-31 10347767 frs-core:CurrentFinancialInstruments 2024-01-31 10347767 frs-core:ComputerEquipment 2024-01-31 10347767 frs-core:ComputerEquipment 2023-02-01 2024-01-31 10347767 frs-core:ComputerEquipment 2023-01-31 10347767 frs-core:FurnitureFittings 2024-01-31 10347767 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10347767 frs-core:FurnitureFittings 2023-01-31 10347767 frs-core:PlantMachinery 2024-01-31 10347767 frs-core:PlantMachinery 2023-02-01 2024-01-31 10347767 frs-core:PlantMachinery 2023-01-31 10347767 frs-core:SharePremium 2024-01-31 10347767 frs-core:ShareCapital 2024-01-31 10347767 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10347767 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10347767 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10347767 frs-bus:SmallEntities 2023-02-01 2024-01-31 10347767 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10347767 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10347767 frs-bus:Director1 2023-02-01 2024-01-31 10347767 frs-bus:Director2 2023-02-01 2024-01-31 10347767 frs-bus:Director3 2023-02-01 2024-01-31 10347767 frs-countries:EnglandWales 2023-02-01 2024-01-31 10347767 2022-01-31 10347767 2023-01-31 10347767 2022-02-01 2023-01-31 10347767 frs-core:CurrentFinancialInstruments 2023-01-31 10347767 frs-core:SharePremium 2023-01-31 10347767 frs-core:ShareCapital 2023-01-31 10347767 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10347767
Elite Capital and Management Services Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10347767
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 4,820 6,426
4,820 6,426
CURRENT ASSETS
Debtors 4 240,340 183,479
Cash at bank and in hand 237,965 115,361
478,305 298,840
Creditors: Amounts Falling Due Within One Year 5 (455,008 ) (234,254 )
NET CURRENT ASSETS (LIABILITIES) 23,297 64,586
TOTAL ASSETS LESS CURRENT LIABILITIES 28,117 71,012
NET ASSETS 28,117 71,012
CAPITAL AND RESERVES
Called up share capital 6 175,019 153,788
Share premium account 2,711,639 2,189,192
Profit and Loss Account (2,858,541 ) (2,271,968 )
SHAREHOLDERS' FUNDS 28,117 71,012
Page 1
Page 2
For the year ending 31 January 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
Anouar Adham
Director
24 May 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue 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.

1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. 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% of reducing balance
Furniture, fixtures and equipment 25% of reducing balance
Computer Equipment 25% of reducing balance
1.4. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1.5. Investments
Investments in unlisted company shares are recognised at cost less impairment as the fair value cannot be measured reliably. However, any impairment loss about the investment is recognised in the income statement.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 8 (2023: 10)
8 10
Page 3
Page 4
3. Tangible Assets
Plant & Machinery Furniture, fixtures and equipment Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 1,454 2,986 6,464 10,904
As at 31 January 2024 1,454 2,986 6,464 10,904
Depreciation
As at 1 February 2023 909 1,875 1,694 4,478
Provided during the period 136 277 1,193 1,606
As at 31 January 2024 1,045 2,152 2,887 6,084
Net Book Value
As at 31 January 2024 409 834 3,577 4,820
As at 1 February 2023 545 1,111 4,770 6,426
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 6,424 89,006
Other debtors 6,880 6,980
Amounts owed by other related parties 227,036 87,493
240,340 183,479
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 276 24,772
Other creditors 1,956 7,560
Accruals and deferred income 2,070 1,723
Amounts owed to related parties 450,706 200,199
455,008 234,254
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 175,019 153,788
Page 4
Page 5
7. Related Party Transactions
Included in creditors due within one year is an amount of £450,706 (2023: £200,199) owed to entities in which the directors of the company have beneficial interest. The amount is interest free and repayable on demand.
Included in debtors due within one year is an amount of £227,036 (2023: £87,493) owed by entities in which the directors of the company have beneficial interest. The amount is interest free and receivable on demand.
8. General Information
Elite Capital and Management Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10347767 . The registered office is Chester House 2nd Floor, Office 220, 81-83 Fulham High Street, London, SW6 3JA.
Page 5