Acorah Software Products - Accounts Production 16.2.850 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 12330785 Mr R S Shaw Mrs K F Shaw iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12330785 2023-11-30 12330785 2024-11-30 12330785 2023-12-01 2024-11-30 12330785 frs-core:CurrentFinancialInstruments 2024-11-30 12330785 frs-core:Non-currentFinancialInstruments 2024-11-30 12330785 frs-core:BetweenOneFiveYears 2024-11-30 12330785 frs-core:ComputerEquipment 2024-11-30 12330785 frs-core:ComputerEquipment 2023-12-01 2024-11-30 12330785 frs-core:ComputerEquipment 2023-11-30 12330785 frs-core:MotorVehicles 2024-11-30 12330785 frs-core:MotorVehicles 2023-12-01 2024-11-30 12330785 frs-core:MotorVehicles 2023-11-30 12330785 frs-core:PlantMachinery 2024-11-30 12330785 frs-core:PlantMachinery 2023-12-01 2024-11-30 12330785 frs-core:PlantMachinery 2023-11-30 12330785 frs-core:WithinOneYear 2024-11-30 12330785 frs-core:ShareCapital 2024-11-30 12330785 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 12330785 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12330785 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 12330785 frs-bus:SmallEntities 2023-12-01 2024-11-30 12330785 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 12330785 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 12330785 frs-bus:Director1 2023-12-01 2024-11-30 12330785 frs-bus:Director1 2023-11-30 12330785 frs-bus:Director1 2024-11-30 12330785 frs-bus:Director2 2023-12-01 2024-11-30 12330785 frs-countries:EnglandWales 2023-12-01 2024-11-30 12330785 2022-11-30 12330785 2023-11-30 12330785 2022-12-01 2023-11-30 12330785 frs-core:CurrentFinancialInstruments 2023-11-30 12330785 frs-core:Non-currentFinancialInstruments 2023-11-30 12330785 frs-core:BetweenOneFiveYears 2023-11-30 12330785 frs-core:WithinOneYear 2023-11-30 12330785 frs-core:ShareCapital 2023-11-30 12330785 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 12330785
Elite Energy Eco Ltd
Unaudited 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: 12330785
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 998,609 412,597
998,609 412,597
CURRENT ASSETS
Stocks 5 55,495 90,000
Debtors 6 5,471,081 1,000,582
Cash at bank and in hand 427,116 413,337
5,953,692 1,503,919
Creditors: Amounts Falling Due Within One Year 7 (2,661,873 ) (1,071,290 )
NET CURRENT ASSETS (LIABILITIES) 3,291,819 432,629
TOTAL ASSETS LESS CURRENT LIABILITIES 4,290,428 845,226
Creditors: Amounts Falling Due After More Than One Year 8 (699,750 ) (346,728 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (230,672 ) (82,965 )
NET ASSETS 3,360,006 415,533
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 3,360,004 415,531
SHAREHOLDERS' FUNDS 3,360,006 415,533
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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 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.
The financial statements were approved by the board of directors on 28 February 2025 and were signed on its behalf by:
Mr R S Shaw
Director
28 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Elite Energy Eco Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12330785 . The registered office is Progress House, Fudan Way, Thornby, Stockton-on-Tees , County Durham, TS17 6EN.
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 15% reducing balance
Motor Vehicles 25% reducing balance
Office Equipment 25% straight line
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.
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2.6. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 42 (2023: 29)
42 29
4. Tangible Assets
Plant & Machinery Motor Vehicles Office Equipment Total
£ £ £ £
Cost
As at 1 December 2023 45,666 492,446 152 538,264
Additions 39,338 780,751 1,722 821,811
Disposals - (44,683 ) - (44,683 )
As at 30 November 2024 85,004 1,228,514 1,874 1,315,392
Depreciation
As at 1 December 2023 22,223 103,399 45 125,667
Provided during the period 6,007 211,682 344 218,033
Disposals - (26,917 ) - (26,917 )
As at 30 November 2024 28,230 288,164 389 316,783
Net Book Value
As at 30 November 2024 56,774 940,350 1,485 998,609
As at 1 December 2023 23,443 389,047 107 412,597
5. Stocks
2024 2023
£ £
Stock 44,586 30,000
Work in progress 10,909 60,000
55,495 90,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,312,867 831,569
Amounts owed by group undertakings 1,536,633 13,813
Amounts owed by participating interests 774,463 -
Other debtors 1,847,118 155,200
5,471,081 1,000,582
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 219,798 94,623
Trade creditors 585,792 598,239
Bank loans and overdrafts 5,514 3,164
Other loans 31,858 23,674
Amounts owed to participating interests - 33,501
Other creditors 497,409 154,590
Taxation and social security 1,321,502 163,499
2,661,873 1,071,290
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 675,396 269,660
Bank loans 24,354 32,751
Other loans - 44,317
699,750 346,728
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 219,798 94,623
Later than one year and not later than five years 675,396 269,660
895,194 364,283
895,194 364,283
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Robert Shaw (74 ) 2,330,310 (510,174 ) - 1,820,062
The above loan is unsecured, interest charged at HMRC beneficial loan rates and repayable on demand.
12. Related Party Transactions
At the balance sheet date, the company was owed £1,536,633 by its parent company, Elite Energy Holdings Ltd.
At the balance sheet date, the company was owed £306.298 by Shaw Property Renovations Ltd, a company controlled by a Director.
At the balance sheet date, the company was owed £468,165 by Shaw Stays LLP, a company under common control.
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