Acorah Software Products - Accounts Production 16.5.460 false true true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 12003250 Mr M Y Nabi Mrs N G Nabi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12003250 2024-05-31 12003250 2025-05-31 12003250 2024-06-01 2025-05-31 12003250 frs-core:CurrentFinancialInstruments 2025-05-31 12003250 frs-core:Non-currentFinancialInstruments 2025-05-31 12003250 frs-core:NetGoodwill 2025-05-31 12003250 frs-core:NetGoodwill 2024-06-01 2025-05-31 12003250 frs-core:NetGoodwill 2024-05-31 12003250 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-05-31 12003250 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 12003250 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 12003250 frs-core:PlantMachinery 2025-05-31 12003250 frs-core:PlantMachinery 2024-06-01 2025-05-31 12003250 frs-core:PlantMachinery 2024-05-31 12003250 frs-core:ShareCapital 2025-05-31 12003250 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 12003250 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 12003250 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 12003250 frs-bus:SmallEntities 2024-06-01 2025-05-31 12003250 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 12003250 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 12003250 frs-bus:Director1 2024-06-01 2025-05-31 12003250 frs-bus:Director2 2024-06-01 2025-05-31 12003250 frs-countries:EnglandWales 2024-06-01 2025-05-31 12003250 2023-05-31 12003250 2024-05-31 12003250 2023-06-01 2024-05-31 12003250 frs-core:CurrentFinancialInstruments 2024-05-31 12003250 frs-core:Non-currentFinancialInstruments 2024-05-31 12003250 frs-core:ShareCapital 2024-05-31 12003250 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 12003250
Elements Martial Arts Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
McPhersons Walpole Harding
ACCA
Citibase Brighton
95 Ditchling Road
Brighton
BN1 4ST
Elements Martial Arts Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Elements Martial Arts Limited
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 12003250

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 9,237 |  | 18,473
Tangible Assets | 5 |  | 26,623 |  | 31,452
|  |  | 35,860 |  | 49,925
CURRENT ASSETS
Stocks | 6 | 2,000 |  | 1,800 |
Debtors | 7 | 58,248 |  | 59,116 |
Investments | 8 | 100 |  | 100 |
Cash at bank and in hand |  | 43,930 |  | 23,385 |
|  | 104,278 |  | 84,401 |
Creditors: Amounts Falling Due Within One Year | 9 | (98,402 ) |  | (66,924 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 5,876 |  | 17,477
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 41,736 |  | 67,402
Creditors: Amounts Falling Due After More Than One Year | 10 |  | (834 ) |  | (10,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (4,536 ) |  | (4,536 )
NET ASSETS |  |  | 36,366 |  | 52,033
CAPITAL AND RESERVES
Called up share capital | 11 |  | 2 |  | 2
Profit and Loss Account |  |  | 36,364 |  | 52,031
SHAREHOLDERS' FUNDS |  |  | 36,366 |  | 52,033

Page 1
Page 2
Elements Martial Arts Limited
Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 2025 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

Mr M Y Nabi Director
9 October 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Elements Martial Arts Limited
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Elements Martial Arts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12003250 . The registered office is C/O McPhersons Walpole Harding, Citibase Brighton, 95 Ditchling Road, Brighton, East Sussex, BN1 4ST.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The presentation currency is £ sterling.
2.2. Going Concern Disclosure
The directors have identfied Covid-19 as a material uncertainty affecting the company. Given the level of vaccinations in the UK population, the diminished virulence of the virus and the lack of government restrictions, and given the directors have successfully implemented policies that have enabled the company to trade profitably throughout the pandemic, the directors expect the company to be able to continue to trade profitably over the winter period. Accordingly the directors consider that the company will be able to continue as a going concern for the foreseeable future and the accounts have been presented on the Going Concern basis.
2.3. 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 charges for memberships and classes and from the sale of goods.
Rendering of services
Turnover from the provision of memberships and charges for classes is recognised when the monies become non-refundable. Memberships fees are issued in advance of the membership period and the revenue is recognised at that tax point. Charges for classes are recognised on delivery of the class.
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 point of sale.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 7 years.
2.5. 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:

Leasehold | 10% on the straight line basis
Plant & Machinery | 33.33% on the straight line basis

Page 3
Page 4
Elements Martial Arts Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
2.6. 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 only.
2.7. Financial Instruments
Financial instruments are recognised in the company’s statement of financial position when the company become party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to do so and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs.
Financial assets classified as receivable within one year are not amortised.
Where financial assets are classified as receivable in more than one year, they are subsequently carried at amortised cost using the effective interest rate method unless the arrangement constitutes a financing transaction, where the transaction is measured as the present value of the future receipts discounted at a market rate of interest.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings within current liabilities.
Non-current investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Page 4
Page 5
Elements Martial Arts Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
2.8. 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 (2024: 5)
5 5
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 June 2024 | 64,653
As at 31 May 2025 | 64,653
Amortisation
As at 1 June 2024 | 46,180
Provided during the period | 9,236
As at 31 May 2025 | 55,416
Net Book Value
As at 31 May 2025 | 9,237
As at 1 June 2024 | 18,473

Page 5
Page 6
Elements Martial Arts Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Total
| £ | £ | £
Cost
As at 1 June 2024 | 22,000 | 47,109 | 69,109
Additions | - | 2,737 | 2,737
As at 31 May 2025 | 22,000 | 49,846 | 71,846
Depreciation
As at 1 June 2024 | 8,691 | 28,966 | 37,657
Provided during the period | 2,200 | 5,366 | 7,566
As at 31 May 2025 | 10,891 | 34,332 | 45,223
Net Book Value
As at 31 May 2025 | 11,109 | 15,514 | 26,623
As at 1 June 2024 | 13,309 | 18,143 | 31,452

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock of uniforms etc | 2,000 |  | 1,800

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by group undertakings | 56,752 |  | 46,752
Other debtors | 1,496 |  | 12,364
| 58,248 |  | 59,116

8. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Shares in subsidiaries | 100 |  | 100

In accordance with FRS 102 Section 9, investments in subsidiary undertakings are recorded at cost.
Page 6
Page 7
Elements Martial Arts Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
9. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 400
Bank loans and overdrafts | 10,000 |  | 10,000
Other creditors | 64,263 |  | 26,922
Taxation and social security | 24,139 |  | 29,602
| 98,402 |  | 66,924

10. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 834 |  | 10,833

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

Page 7