Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 04961011 Mr Martin Williams Pinstripe Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04961011 2023-11-30 04961011 2024-11-30 04961011 2023-12-01 2024-11-30 04961011 frs-core:CurrentFinancialInstruments 2024-11-30 04961011 frs-core:Non-currentFinancialInstruments 2024-11-30 04961011 frs-core:BetweenOneFiveYears 2024-11-30 04961011 frs-core:ComputerEquipment 2024-11-30 04961011 frs-core:ComputerEquipment 2023-12-01 2024-11-30 04961011 frs-core:ComputerEquipment 2023-11-30 04961011 frs-core:PlantMachinery 2024-11-30 04961011 frs-core:PlantMachinery 2023-12-01 2024-11-30 04961011 frs-core:PlantMachinery 2023-11-30 04961011 frs-core:WithinOneYear 2024-11-30 04961011 frs-core:ShareCapital 2024-11-30 04961011 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 04961011 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04961011 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 04961011 frs-bus:SmallEntities 2023-12-01 2024-11-30 04961011 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 04961011 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04961011 frs-bus:OrdinaryShareClass2 2023-12-01 2024-11-30 04961011 frs-bus:OrdinaryShareClass2 2024-11-30 04961011 frs-bus:OrdinaryShareClass3 2023-12-01 2024-11-30 04961011 frs-bus:OrdinaryShareClass3 2024-11-30 04961011 frs-bus:OrdinaryShareClass4 2023-12-01 2024-11-30 04961011 frs-bus:OrdinaryShareClass4 2024-11-30 04961011 frs-bus:OrdinaryShareClass5 2023-12-01 2024-11-30 04961011 frs-bus:OrdinaryShareClass5 2024-11-30 04961011 frs-core:DeferredTaxation 2023-12-01 2024-11-30 04961011 frs-core:DeferredTaxation 2023-11-30 04961011 frs-core:DeferredTaxation 2024-11-30 04961011 frs-bus:Director1 2023-12-01 2024-11-30 04961011 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 04961011 frs-countries:EnglandWales 2023-12-01 2024-11-30 04961011 2022-11-30 04961011 2023-11-30 04961011 2022-12-01 2023-11-30 04961011 frs-core:CurrentFinancialInstruments 2023-11-30 04961011 frs-core:Non-currentFinancialInstruments 2023-11-30 04961011 frs-core:BetweenOneFiveYears 2023-11-30 04961011 frs-core:PlantMachinery 2022-12-01 2023-11-30 04961011 frs-core:WithinOneYear 2023-11-30 04961011 frs-core:ShareCapital 2023-11-30 04961011 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04961011 frs-bus:OrdinaryShareClass2 2022-12-01 2023-11-30 04961011 frs-bus:OrdinaryShareClass3 2022-12-01 2023-11-30 04961011 frs-bus:OrdinaryShareClass4 2022-12-01 2023-11-30 04961011 frs-bus:OrdinaryShareClass5 2022-12-01 2023-11-30
Registered number: 04961011
Elite Carpentry & Maintenance Ltd
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04961011
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 70,005 92,058
70,005 92,058
CURRENT ASSETS
Debtors 5 81,903 103,758
Cash at bank and in hand 75,072 79,423
156,975 183,181
Creditors: Amounts Falling Due Within One Year 6 (110,215 ) (118,053 )
NET CURRENT ASSETS (LIABILITIES) 46,760 65,128
TOTAL ASSETS LESS CURRENT LIABILITIES 116,765 157,186
Creditors: Amounts Falling Due After More Than One Year 7 (15,740 ) (44,022 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,501 ) (19,145 )
NET ASSETS 83,524 94,019
CAPITAL AND RESERVES
Called up share capital 10 300 100
Profit and Loss Account 83,224 93,919
SHAREHOLDERS' FUNDS 83,524 94,019
Page 1
Page 2
For the year ending 30 November 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 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 Martin Williams
Director
27 March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elite Carpentry & Maintenance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04961011 . The registered office is Pure Offices Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN.
The presentation currency of the financial statements is the Pound Sterling (£)
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 represents the revenue generated from the sale of services. Revenue is measured at the fair value of the consideration received and receivable excluding value added tax.
Revenue from services is recognised when services have been provided and the contractual right to the consideration has been earned. For incomplete contracts an assessment is made of the extent to which revenue has been earned.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses
Depreciation is provided at following annual rates in order 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% on cost
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter with a full charge on the year of acquisition.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
...CONTINUED
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2.5. Taxation - continued
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
The average number of employees, including directors, during the year was 9 (2023: 7)
9 7
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 155,293 1,532 156,825
Disposals (18,316 ) - (18,316 )
As at 30 November 2024 136,977 1,532 138,509
Depreciation
As at 1 December 2023 63,245 1,522 64,767
Provided during the period 18,746 10 18,756
Disposals (15,019 ) - (15,019 )
As at 30 November 2024 66,972 1,532 68,504
Net Book Value
As at 30 November 2024 70,005 - 70,005
As at 1 December 2023 92,048 10 92,058
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 43,772 59,326
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 80,647 101,565
Other debtors 1,256 2,193
81,903 103,758
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,632 18,327
Bank loans and overdrafts 6,000 6,000
Other creditors 19,652 49,952
Taxation and social security 61,931 43,774
110,215 118,053
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,240 33,522
Bank loans 4,500 10,500
15,740 44,022
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 24,854 21,909
Later than one year and not later than five years 12,014 36,517
36,868 58,426
Less: Finance charges allocated to future periods 2,996 6,577
33,872 51,849
Page 5
Page 6
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2023 19,145 19,145
Deferred taxation (1,644 ) (1,644 )
Balance at 30 November 2024 17,501 17,501
The provision for deferred taxation is made up of accelerated capital allowances.
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
50 Ordinary A shares of £ 1.000 each 50 50
50 Ordinary B shares of £ 1.000 each 50 50
100 Ordinary C shares of £ 1.000 each 100 -
100 Ordinary D shares of £ 1.000 each 100 -
300 100
Shares issued during the period: £
100 Ordinary C shares of £ 1.000 each 100
100 Ordinary D shares of £ 1.000 each 100
200
On 14th October 2024, 100 'A' Ordinary shares and 100 'B' Ordinary shares were issued.
On 15th October 2024, 100 'A' Ordinary shares were reclassified as 100 'C' Ordinary shares and 100 'B' Ordinary shares were reclassified as 100 'D' Ordinary shares.
11. Related Party Transactions
During the year, total dividends of £30,000 (2023: - £38,000) were paid to the director.
The company is controlled jointly by Mr M Williams, director, and his wife, Mrs D Williams, who own 100% of the voting share capital equally.
Other than movements on the directors' loan accounts with the company, there were no other advances, credits and guarantees with the directors during the accounting period.
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