Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04024200 E H Sutton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04024200 2023-06-30 04024200 2024-06-30 04024200 2023-07-01 2024-06-30 04024200 frs-core:CurrentFinancialInstruments 2024-06-30 04024200 frs-core:ComputerEquipment 2024-06-30 04024200 frs-core:ComputerEquipment 2023-07-01 2024-06-30 04024200 frs-core:ComputerEquipment 2023-06-30 04024200 frs-core:MotorVehicles 2024-06-30 04024200 frs-core:MotorVehicles 2023-07-01 2024-06-30 04024200 frs-core:MotorVehicles 2023-06-30 04024200 frs-core:ShareCapital 2024-06-30 04024200 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04024200 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04024200 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04024200 frs-bus:SmallEntities 2023-07-01 2024-06-30 04024200 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04024200 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04024200 1 2023-07-01 2024-06-30 04024200 frs-core:UnlistedNon-exchangeTraded 2024-06-30 04024200 frs-core:UnlistedNon-exchangeTraded 2023-06-30 04024200 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 04024200 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 04024200 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 04024200 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 04024200 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 04024200 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 04024200 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 04024200 frs-bus:Director1 2023-07-01 2024-06-30 04024200 frs-countries:EnglandWales 2023-07-01 2024-06-30 04024200 2022-06-30 04024200 2023-06-30 04024200 2022-07-01 2023-06-30 04024200 frs-core:CurrentFinancialInstruments 2023-06-30 04024200 frs-core:ShareCapital 2023-06-30 04024200 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04024200
Elite Consultancy Services Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04024200
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 32,230 43,043
Investment Properties 4 190,000 170,000
Investments 5 725,802 681,317
948,032 894,360
CURRENT ASSETS
Debtors 6 358 305
Cash at bank and in hand 48,987 112,627
49,345 112,932
Creditors: Amounts Falling Due Within One Year 7 (597 ) (1,285 )
NET CURRENT ASSETS (LIABILITIES) 48,748 111,647
TOTAL ASSETS LESS CURRENT LIABILITIES 996,780 1,006,007
NET ASSETS 996,780 1,006,007
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 996,680 1,005,907
SHAREHOLDERS' FUNDS 996,780 1,006,007
Page 1
Page 2
For the year ending 30 June 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 his 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
E H Sutton
Director
20th March 2025
The notes on pages 3 to 4 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
Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate applicable.
Rental income is recognised by the company on an accruals basis in respect of rental income generated from the company's investment properties.
1.3. 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:
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on straight line
1.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.5. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
3. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 July 2023 42,739 389 43,128
As at 30 June 2024 42,739 389 43,128
Depreciation
As at 1 July 2023 21 64 85
Provided during the period 10,685 128 10,813
As at 30 June 2024 10,706 192 10,898
Net Book Value
As at 30 June 2024 32,033 197 32,230
As at 1 July 2023 42,718 325 43,043
Page 3
Page 4
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 170,000
Revaluations 20,000
As at 30 June 2024 190,000
5. Investments
Unlisted
£
Cost
As at 1 July 2023 681,317
Additions 3,764
Disposals (4,500 )
Revaluations 45,221
As at 30 June 2024 725,802
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 725,802
As at 1 July 2023 681,317
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 358 305
358 305
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 597 1,285
597 1,285
8. Related Party Transactions
As at 30 June 2024, the company owed the director £597 (2023: £1,285).
9. Ultimate Controlling Party
The company's ultimate controlling party is the director.
Page 4