Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 06131873 Mr Peter Gardner Miss Lesley Newton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06131873 2024-02-29 06131873 2025-02-28 06131873 2024-03-01 2025-02-28 06131873 frs-core:CurrentFinancialInstruments 2025-02-28 06131873 frs-core:Non-currentFinancialInstruments 2025-02-28 06131873 frs-core:MotorVehicles 2025-02-28 06131873 frs-core:MotorVehicles 2024-03-01 2025-02-28 06131873 frs-core:MotorVehicles 2024-02-29 06131873 frs-core:PlantMachinery 2025-02-28 06131873 frs-core:PlantMachinery 2024-03-01 2025-02-28 06131873 frs-core:PlantMachinery 2024-02-29 06131873 frs-core:ShareCapital 2025-02-28 06131873 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 06131873 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06131873 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 06131873 frs-bus:SmallEntities 2024-03-01 2025-02-28 06131873 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 06131873 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 06131873 frs-core:AcceleratedTaxDepreciationDeferredTax 2025-02-28 06131873 frs-bus:Director1 2024-03-01 2025-02-28 06131873 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 06131873 frs-core:CurrentFinancialInstruments 1 2025-02-28 06131873 frs-countries:EnglandWales 2024-03-01 2025-02-28 06131873 2023-02-28 06131873 2024-02-29 06131873 2023-03-01 2024-02-29 06131873 frs-core:CurrentFinancialInstruments 2024-02-29 06131873 frs-core:Non-currentFinancialInstruments 2024-02-29 06131873 frs-core:ShareCapital 2024-02-29 06131873 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 06131873 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-02-29 06131873 frs-core:CurrentFinancialInstruments 1 2024-02-29
Registered number: 06131873
Elite Caravan Services Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Beach Accountants Limited
Chartered Certified Accountants
10 Blue Sky Way
Monkton Business Park South
Hebburn
South Tyneside
NE31 2EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06131873
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,299 32,698
27,299 32,698
CURRENT ASSETS
Stocks 5 4,568 4,130
Debtors 6 957 10,845
Cash at bank and in hand 70,827 20,318
76,352 35,293
Creditors: Amounts Falling Due Within One Year 7 (26,310 ) (7,084 )
NET CURRENT ASSETS (LIABILITIES) 50,042 28,209
TOTAL ASSETS LESS CURRENT LIABILITIES 77,341 60,907
Creditors: Amounts Falling Due After More Than One Year 8 (1,750 ) (4,750 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (5,400 ) (6,212 )
NET ASSETS 70,191 49,945
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 70,181 49,935
SHAREHOLDERS' FUNDS 70,191 49,945
Page 1
Page 2
For the year ending 28 February 2025 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 Peter Gardner
Director
23/05/2025
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 Caravan Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06131873 . The registered office is 2 Eden Close, Heighington Village, Newton Aycliffe, County Durham, DL5 6RU.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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
Motor Vehicles 20% Reducing Balance
2.4. 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.
2.5. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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.
2.6. Functional and Presentation Currency
The financial statements are presented in GBP (£), which is the functional and presentation currency of the Company.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2024 7,286 46,010 53,296
Additions 1,198 - 1,198
As at 28 February 2025 8,484 46,010 54,494
Depreciation
As at 1 March 2024 6,229 14,369 20,598
Provided during the period 268 6,329 6,597
As at 28 February 2025 6,497 20,698 27,195
Net Book Value
As at 28 February 2025 1,987 25,312 27,299
As at 1 March 2024 1,057 31,641 32,698
5. Stocks
2025 2024
£ £
Work in progress 4,568 4,130
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 8,021
Prepayments and accrued income 957 620
Corporation tax recoverable assets - 2,204
957 10,845
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,223 -
Bank loans and overdrafts 3,001 3,000
Corporation tax 11,062 -
Other taxes and social security 1,057 112
VAT 2,018 329
Credit Card 4,327 2,973
Accruals and deferred income 413 665
Director's loan account 3,209 5
26,310 7,084
The above Director's loan is unsecured, interest free and repayable on demand.
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,750 4,750
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Accelerated capital allowances 5,400 6,212
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Peter Gardner 20,000 770
Page 5