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 09745625 Joy Bariana Ms Liz Watson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09745625 2023-08-31 09745625 2024-08-31 09745625 2023-09-01 2024-08-31 09745625 frs-core:CurrentFinancialInstruments 2024-08-31 09745625 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09745625 frs-core:PlantMachinery 2024-08-31 09745625 frs-core:PlantMachinery 2023-09-01 2024-08-31 09745625 frs-core:PlantMachinery 2023-08-31 09745625 frs-core:ShareCapital 2024-08-31 09745625 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09745625 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09745625 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09745625 frs-bus:SmallEntities 2023-09-01 2024-08-31 09745625 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09745625 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09745625 frs-bus:Director1 2023-09-01 2024-08-31 09745625 frs-bus:Director2 2023-09-01 2024-08-31 09745625 frs-countries:EnglandWales 2023-09-01 2024-08-31 09745625 2022-08-31 09745625 2023-08-31 09745625 2022-09-01 2023-08-31 09745625 frs-core:CurrentFinancialInstruments 2023-08-31 09745625 frs-core:ShareCapital 2023-08-31 09745625 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09745625
Elephant Box Stainless Steel Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09745625
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,103 1,142
1,103 1,142
CURRENT ASSETS
Stocks 5 155,468 83,798
Debtors 6 13,692 18,174
Cash at bank and in hand 15,400 65,351
184,560 167,323
Creditors: Amounts Falling Due Within One Year 7 (52,545 ) (71,904 )
NET CURRENT ASSETS (LIABILITIES) 132,015 95,419
TOTAL ASSETS LESS CURRENT LIABILITIES 133,118 96,561
PROVISIONS FOR LIABILITIES
Deferred Taxation (210 ) (217 )
NET ASSETS 132,908 96,344
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 132,808 96,244
SHAREHOLDERS' FUNDS 132,908 96,344
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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
Joy Bariana
Director
Ms Liz Watson
Director
07/03/2025
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
Elephant Box Stainless Steel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09745625 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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. 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.
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 25% Reducing Balance
2.4. 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.
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
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

2.7. 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.
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2.8.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 September 2023 2,339
Additions 329
As at 31 August 2024 2,668
Depreciation
As at 1 September 2023 1,197
Provided during the period 368
As at 31 August 2024 1,565
Net Book Value
As at 31 August 2024 1,103
As at 1 September 2023 1,142
5. Stocks
2024 2023
£ £
Stock 155,468 83,798
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,030 12,128
Other debtors 4,662 6,046
13,692 18,174
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 33,174 16,437
Other creditors 249 41,627
Taxation and social security 19,122 13,840
52,545 71,904
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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