Acorah Software Products - Accounts Production 16.2.800 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 09018734 Mr Mohammed Rab iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09018734 2023-04-30 09018734 2024-04-30 09018734 2023-05-01 2024-04-30 09018734 frs-core:CurrentFinancialInstruments 2024-04-30 09018734 frs-core:Non-currentFinancialInstruments 2024-04-30 09018734 frs-core:ComputerEquipment 2024-04-30 09018734 frs-core:ComputerEquipment 2023-05-01 2024-04-30 09018734 frs-core:ComputerEquipment 2023-04-30 09018734 frs-core:FurnitureFittings 2024-04-30 09018734 frs-core:FurnitureFittings 2023-05-01 2024-04-30 09018734 frs-core:FurnitureFittings 2023-04-30 09018734 frs-core:MotorVehicles 2024-04-30 09018734 frs-core:MotorVehicles 2023-05-01 2024-04-30 09018734 frs-core:MotorVehicles 2023-04-30 09018734 frs-core:ShareCapital 2024-04-30 09018734 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09018734 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09018734 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09018734 frs-bus:SmallEntities 2023-05-01 2024-04-30 09018734 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09018734 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09018734 frs-bus:Director1 2023-05-01 2024-04-30 09018734 frs-countries:EnglandWales 2023-05-01 2024-04-30 09018734 2022-04-30 09018734 2023-04-30 09018734 2022-05-01 2023-04-30 09018734 frs-core:CurrentFinancialInstruments 2023-04-30 09018734 frs-core:Non-currentFinancialInstruments 2023-04-30 09018734 frs-core:ShareCapital 2023-04-30 09018734 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 09018734
Elite Engineering (Europe) Ltd
Financial Statements
For The Year Ended 30 April 2024
SAWHNEY CONSULTING
Harrow Business Centre
429 - 433 Pinner Road
North Harrow
HA1 4HN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09018734
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,658 72,071
36,658 72,071
CURRENT ASSETS
Stocks 5 386,514 613,182
Debtors 6 162,259 290,885
Cash at bank and in hand 9,381 3,758
558,154 907,825
Creditors: Amounts Falling Due Within One Year 7 (343,224 ) (719,945 )
NET CURRENT ASSETS (LIABILITIES) 214,930 187,880
TOTAL ASSETS LESS CURRENT LIABILITIES 251,588 259,951
Creditors: Amounts Falling Due After More Than One Year 8 (221,539 ) (225,462 )
NET ASSETS 30,049 34,489
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 29,949 34,389
SHAREHOLDERS' FUNDS 30,049 34,489
Page 1
Page 2
For the year ending 30 April 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 Mohammed Rab
Director
4 April 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 Engineering (Europe) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09018734 . The registered office is Unit 5 Thornham Grove, London, England, E15 1DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). 
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: 
Motor Vehicles 20% straight line
Office Tools & Equipment 20% straight line
Computer Software 20% straight line
2.4. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. 
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. 
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 7)
5 7
4. Tangible Assets
Motor Vehicles Office Tools & Equipment Computer Software Total
£ £ £ £
Cost
As at 1 May 2023 172,308 60,906 75,479 308,693
Additions - 13,499 - 13,499
As at 30 April 2024 172,308 74,405 75,479 322,192
...CONTINUED
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Page 4
Depreciation
As at 1 May 2023 140,613 57,911 38,098 236,622
Provided during the period 28,122 5,694 15,096 48,912
As at 30 April 2024 168,735 63,605 53,194 285,534
Net Book Value
As at 30 April 2024 3,573 10,800 22,285 36,658
As at 1 May 2023 31,695 2,995 37,381 72,071
5. Stocks
2024 2023
£ £
Closing stock (Material Held) 245,000 194,850
Work in progress 141,514 418,332
386,514 613,182
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 141,038 257,382
VAT 21,221 33,503
162,259 290,885
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 243,701 644,520
Bank loans and overdrafts 20,731 30,764
Obligations under finance lease and hire purchase contracts (6,586 ) (6,586 )
Corporation tax 42,378 30,932
Other taxes and social security 8,170 9,484
Other creditors 34,830 10,831
343,224 719,945
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 85,708 132,458
Obligations under finance lease & hire purchase contracts 56,338 64,973
Other creditors 79,493 28,031
221,539 225,462
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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Page 5
10. Other information
ELITE ENGINEERING (EUROPE) LTD is a private company limited by shares and incorporated in England. Its registered office is: 
Unit 5 Thornham Grove,
London
England
E15 1DN
Page 5