Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 04206339 P R Jones P J Merchant S J Rayner S J Rayner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04206339 2023-10-31 04206339 2024-10-31 04206339 2023-11-01 2024-10-31 04206339 frs-core:CurrentFinancialInstruments 2024-10-31 04206339 frs-core:Non-currentFinancialInstruments 2024-10-31 04206339 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04206339 frs-core:PlantMachinery 2024-10-31 04206339 frs-core:PlantMachinery 2023-11-01 2024-10-31 04206339 frs-core:PlantMachinery 2023-10-31 04206339 frs-core:ShareCapital 2024-10-31 04206339 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04206339 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04206339 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04206339 frs-bus:SmallEntities 2023-11-01 2024-10-31 04206339 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04206339 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04206339 frs-bus:Director1 2023-11-01 2024-10-31 04206339 frs-bus:Director2 2023-11-01 2024-10-31 04206339 frs-bus:Director3 2023-11-01 2024-10-31 04206339 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04206339 frs-countries:EnglandWales 2023-11-01 2024-10-31 04206339 2022-10-31 04206339 2023-10-31 04206339 2022-11-01 2023-10-31 04206339 frs-core:CurrentFinancialInstruments 2023-10-31 04206339 frs-core:Non-currentFinancialInstruments 2023-10-31 04206339 frs-core:ShareCapital 2023-10-31 04206339 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 04206339
Elite Contract Services (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Blue-Shore Accountants Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04206339
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,091 1,223
1,091 1,223
CURRENT ASSETS
Debtors 5 676,843 586,162
Cash at bank and in hand 9,354 8,809
686,197 594,971
Creditors: Amounts Falling Due Within One Year 6 (456,922 ) (471,911 )
NET CURRENT ASSETS (LIABILITIES) 229,275 123,060
TOTAL ASSETS LESS CURRENT LIABILITIES 230,366 124,283
Creditors: Amounts Falling Due After More Than One Year 7 (26,210 ) (31,818 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (273 ) (233 )
NET ASSETS 203,883 92,232
CAPITAL AND RESERVES
Called up share capital 8 300 300
Profit and Loss Account 203,583 91,932
SHAREHOLDERS' FUNDS 203,883 92,232
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For the year ending 31 October 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
P R Jones
Director
P J Merchant
Director
S J Rayner
Director
08/04/2025
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
Elite Contract Services (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04206339 . The registered office is 88 Commercial Road, Swindon, SN1 5PD.
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 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Fixtures & Fittings 25% Straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 November 2023 4,951
Additions 495
As at 31 October 2024 5,446
Depreciation
As at 1 November 2023 3,728
Provided during the period 627
As at 31 October 2024 4,355
Net Book Value
As at 31 October 2024 1,091
As at 1 November 2023 1,223
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 654,654 564,228
Other debtors 2,306 1,451
656,960 565,679
Due after more than one year
Other debtors 19,883 20,483
19,883 20,483
676,843 586,162
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,570 5,570
Factoring account 293,336 314,771
Other creditors 6,961 76,318
Taxation and social security 151,055 75,252
456,922 471,911
There is a debenture over the company's assets in favour of Barclays Bank plc.
Creditors includes the balance on the factoring account £293,336 (2023: £314,771) which is secured by a fixed
and floating charge over the undertaking by Lloyds Commercial Finance Limited.
Bounce Back Loan is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on
31 August 2029. The carrying amount at year end is £31,780 (2023 - £37,388).
This is an unsecured government backed loan.
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,210 31,818
26,210 31,818
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
9. Related Party Transactions
Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to its shareholders. 
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