Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10196319 Mr Michael Collins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10196319 2023-05-31 10196319 2024-05-31 10196319 2023-06-01 2024-05-31 10196319 frs-core:CurrentFinancialInstruments 2024-05-31 10196319 frs-core:Non-currentFinancialInstruments 2024-05-31 10196319 frs-core:ComputerEquipment 2024-05-31 10196319 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10196319 frs-core:ComputerEquipment 2023-05-31 10196319 frs-core:MotorVehicles 2024-05-31 10196319 frs-core:MotorVehicles 2023-06-01 2024-05-31 10196319 frs-core:MotorVehicles 2023-05-31 10196319 frs-core:PlantMachinery 2024-05-31 10196319 frs-core:PlantMachinery 2023-06-01 2024-05-31 10196319 frs-core:PlantMachinery 2023-05-31 10196319 frs-core:WithinOneYear 2024-05-31 10196319 frs-core:ShareCapital 2024-05-31 10196319 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10196319 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10196319 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10196319 frs-bus:SmallEntities 2023-06-01 2024-05-31 10196319 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10196319 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10196319 frs-bus:Director1 2023-06-01 2024-05-31 10196319 frs-countries:EnglandWales 2023-06-01 2024-05-31 10196319 2022-05-31 10196319 2023-05-31 10196319 2022-06-01 2023-05-31 10196319 frs-core:CurrentFinancialInstruments 2023-05-31 10196319 frs-core:Non-currentFinancialInstruments 2023-05-31 10196319 frs-core:WithinOneYear 2023-05-31 10196319 frs-core:ShareCapital 2023-05-31 10196319 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 10196319 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: 10196319
Elite Roofing Systems Ltd
Financial Statements
For The Year Ended 31 May 2024
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10196319
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,089 23,337
43,089 23,337
CURRENT ASSETS
Stocks 5 10,909 16,388
Debtors 6 186,921 197,904
Cash at bank and in hand 306,489 36,524
504,319 250,816
Creditors: Amounts Falling Due Within One Year 7 (208,491 ) (174,779 )
NET CURRENT ASSETS (LIABILITIES) 295,828 76,037
TOTAL ASSETS LESS CURRENT LIABILITIES 338,917 99,374
Creditors: Amounts Falling Due After More Than One Year 8 (24,744 ) (21,000 )
NET ASSETS 314,173 78,374
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 314,073 78,274
SHAREHOLDERS' FUNDS 314,173 78,374
Page 1
Page 2
For the year ending 31 May 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
Mr Michael Collins
Director
19 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elite Roofing Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10196319 . The registered office is 70 East Hill , Dartford, Kent , DA1 1RZ.
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. 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:
Plant & Machinery 20% Reducing balance basis
Motor Vehicles 25% Reducing balance basis
Computer Equipment 20% Reducing balance basis
2.4. 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 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.
2.6. 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.
Page 3
Page 4
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 11,650 30,890 2,323 44,863
Additions - 49,995 1,099 51,094
Disposals - (30,890 ) - (30,890 )
As at 31 May 2024 11,650 49,995 3,422 65,067
Depreciation
As at 1 June 2023 6,878 13,515 1,133 21,526
Provided during the period 955 12,499 513 13,967
Disposals - (13,515 ) - (13,515 )
As at 31 May 2024 7,833 12,499 1,646 21,978
Net Book Value
As at 31 May 2024 3,817 37,496 1,776 43,089
As at 1 June 2023 4,772 17,375 1,190 23,337
5. Stocks
2024 2023
£ £
Stock 10,909 16,388
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 54,430 123,351
Corporation tax recoverable assets 6,063 6,063
VAT 32,616 48,391
Other taxes and social security 93,812 20,099
186,921 197,904
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,069 8,235
Trade creditors 20,353 72,146
Bank loans and overdrafts 8,520 9,747
Corporation tax 147,513 74,935
Business Credit Card 20,864 2,469
Pension Control - 70
Accruals and deferred income 4,163 6,758
Director's loan account 9 419
208,491 174,779
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,238 21,000
Hire Purchase > 1 yr 12,506 -
24,744 21,000
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,069 8,235
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5