Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09170217 Jamie Herbert Keith David Lewis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09170217 2023-08-31 09170217 2024-08-31 09170217 2023-09-01 2024-08-31 09170217 frs-core:CurrentFinancialInstruments 2024-08-31 09170217 frs-core:Non-currentFinancialInstruments 2024-08-31 09170217 frs-core:BetweenOneFiveYears 2024-08-31 09170217 frs-core:FurnitureFittings 2024-08-31 09170217 frs-core:FurnitureFittings 2023-09-01 2024-08-31 09170217 frs-core:FurnitureFittings 2023-08-31 09170217 frs-core:NetGoodwill 2024-08-31 09170217 frs-core:NetGoodwill 2023-09-01 2024-08-31 09170217 frs-core:NetGoodwill 2023-08-31 09170217 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 09170217 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 09170217 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 09170217 frs-core:MotorVehicles 2024-08-31 09170217 frs-core:MotorVehicles 2023-09-01 2024-08-31 09170217 frs-core:MotorVehicles 2023-08-31 09170217 frs-core:PlantMachinery 2024-08-31 09170217 frs-core:PlantMachinery 2023-09-01 2024-08-31 09170217 frs-core:PlantMachinery 2023-08-31 09170217 frs-core:WithinOneYear 2024-08-31 09170217 frs-core:ShareCapital 2024-08-31 09170217 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09170217 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09170217 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09170217 frs-bus:SmallEntities 2023-09-01 2024-08-31 09170217 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09170217 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09170217 frs-bus:Director1 2023-09-01 2024-08-31 09170217 frs-bus:Director2 2023-09-01 2024-08-31 09170217 frs-countries:EnglandWales 2023-09-01 2024-08-31 09170217 2022-08-31 09170217 2023-08-31 09170217 2022-09-01 2023-08-31 09170217 frs-core:CurrentFinancialInstruments 2023-08-31 09170217 frs-core:Non-currentFinancialInstruments 2023-08-31 09170217 frs-core:BetweenOneFiveYears 2023-08-31 09170217 frs-core:WithinOneYear 2023-08-31 09170217 frs-core:ShareCapital 2023-08-31 09170217 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09170217
EMC Elite Engineering Services Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of EMC Elite Engineering Services Ltd For The Year Ended 31 August 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of EMC Elite Engineering Services Ltd which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of EMC Elite Engineering Services Ltd , as a body, in accordance with the terms of our engagement letter dated 11 January 2022. Our work has been undertaken solely to prepare for your approval the accounts of EMC Elite Engineering Services Ltd and state those matters that we have agreed to state to the directors of EMC Elite Engineering Services Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EMC Elite Engineering Services Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that EMC Elite Engineering Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of EMC Elite Engineering Services Ltd . You consider that EMC Elite Engineering Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of EMC Elite Engineering Services Ltd . 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
12/02/2025
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Page 1
Page 2
Statement of Financial Position
Registered number: 09170217
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 368,452 288,667
368,452 288,667
CURRENT ASSETS
Stocks 6 103,438 -
Debtors 7 817,800 897,435
Cash at bank and in hand 1,276,261 1,775,923
2,197,499 2,673,358
Creditors: Amounts Falling Due Within One Year 8 (840,438 ) (1,007,342 )
NET CURRENT ASSETS (LIABILITIES) 1,357,061 1,666,016
TOTAL ASSETS LESS CURRENT LIABILITIES 1,725,513 1,954,683
Creditors: Amounts Falling Due After More Than One Year 9 (88,538 ) (122,121 )
PROVISIONS FOR LIABILITIES
Provisions For Charges - (80,000 )
Deferred Taxation (20,588 ) (26,487 )
NET ASSETS 1,616,387 1,726,075
CAPITAL AND RESERVES
Called up share capital 11 100 100
Income Statement 1,616,287 1,725,975
SHAREHOLDERS' FUNDS 1,616,387 1,726,075
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Page 3
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 Income Statement.
On behalf of the board
Keith David Lewis
Director
12/02/2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
EMC Elite Engineering Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09170217 . The registered office is Unit 16 Heronsgate Trading Estate, Paycocke Road, Basildon, Essex, SS14 3EU.
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 the income statement.
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:
Leasehold Amortized over 10 years of lease
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under 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 income statement 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 income statement as incurred.
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.
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2.7. 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.
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 and deferred tax are 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 and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2023: 23)
33 23
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 2,000
As at 31 August 2024 2,000
Amortisation
As at 1 September 2023 2,000
As at 31 August 2024 2,000
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 September 2023 - 168,868 316,389 40,504 525,761
Additions 114,098 64,005 16,500 13,108 207,711
Disposals - - (93,056 ) - (93,056 )
As at 31 August 2024 114,098 232,873 239,833 53,612 640,416
Depreciation
As at 1 September 2023 - 112,493 109,120 15,481 237,094
Provided during the period 7,607 31,659 48,528 10,985 98,779
Disposals - - (63,909 ) - (63,909 )
As at 31 August 2024 7,607 144,152 93,739 26,466 271,964
Net Book Value
As at 31 August 2024 106,491 88,721 146,094 27,146 368,452
As at 1 September 2023 - 56,375 207,269 25,023 288,667
6. Stocks
2024 2023
£ £
Work in progress 103,438 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 769,107 897,435
Prepayments and accrued income 48,693 -
817,800 897,435
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 55,446 33,582
Trade creditors 274,477 191,411
Corporation tax 233,739 204,135
Other taxes and social security 127,152 206,472
Other creditors 56,421 171,865
Accruals and deferred income 93,203 199,877
840,438 1,007,342
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 88,538 122,121
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 55,446 33,582
Later than one year and not later than five years 88,538 122,121
143,984 155,703
143,984 155,703
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 95,000 -
Later than one year and not later than five years 300,833 -
395,833 -
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