Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 NI063459 Mr Alstair Nicol Mr David Reade Mr Timothy Traill Mr James Traill Mr James Traill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI063459 2024-03-31 NI063459 2025-03-31 NI063459 2024-04-01 2025-03-31 NI063459 frs-core:CurrentFinancialInstruments 2025-03-31 NI063459 frs-core:FurnitureFittings 2024-04-01 2025-03-31 NI063459 frs-core:PlantMachinery 2025-03-31 NI063459 frs-core:PlantMachinery 2024-04-01 2025-03-31 NI063459 frs-core:PlantMachinery 2024-03-31 NI063459 frs-core:ShareCapital 2025-03-31 NI063459 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI063459 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI063459 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 NI063459 frs-bus:SmallEntities 2024-04-01 2025-03-31 NI063459 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 NI063459 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI063459 frs-bus:Director1 2024-04-01 2025-03-31 NI063459 frs-bus:Director1 2024-03-31 NI063459 frs-bus:Director1 2025-03-31 NI063459 frs-bus:Director2 2024-04-01 2025-03-31 NI063459 frs-bus:Director2 2024-03-31 NI063459 frs-bus:Director2 2025-03-31 NI063459 frs-bus:Director3 2024-04-01 2025-03-31 NI063459 frs-bus:Director4 2024-04-01 2025-03-31 NI063459 frs-bus:Director4 2024-03-31 NI063459 frs-bus:Director4 2025-03-31 NI063459 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 NI063459 frs-countries:NorthernIreland 2024-04-01 2025-03-31 NI063459 2023-03-31 NI063459 2024-03-31 NI063459 2023-04-01 2024-03-31 NI063459 frs-core:CurrentFinancialInstruments 2024-03-31 NI063459 frs-core:ShareCapital 2024-03-31 NI063459 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: NI063459
Element Consultants Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI063459
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,146 2,879
3,146 2,879
CURRENT ASSETS
Stocks 5 29,500 20,361
Debtors 6 136,128 108,277
Cash at bank and in hand 61,993 73,227
227,621 201,865
Creditors: Amounts Falling Due Within One Year 7 (53,979 ) (48,733 )
NET CURRENT ASSETS (LIABILITIES) 173,642 153,132
TOTAL ASSETS LESS CURRENT LIABILITIES 176,788 156,011
PROVISIONS FOR LIABILITIES
Deferred Taxation (598 ) (547 )
NET ASSETS 176,190 155,464
CAPITAL AND RESERVES
Called up share capital 8 3,000 3,000
Profit and Loss Account 173,190 152,464
SHAREHOLDERS' FUNDS 176,190 155,464
Page 1
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For the year ending 31 March 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 David Reade
Director
12/12/2025
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
Element Consultants Ltd. is a private company, limited by shares, incorporated in Northern Ireland, registered number NI063459 . The registered office is 45 Breckenhill Road, Doagh, Ballyclare, County Antrim, BT39 0TB.
The presentation currency is £ Sterling.
The level of rounding is to the nearest £.
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.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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.
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.
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2.6. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.7. Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
2.8. Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.9. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current
liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 9,073
Additions 1,153
As at 31 March 2025 10,226
Depreciation
As at 1 April 2024 6,194
Provided during the period 886
As at 31 March 2025 7,080
Net Book Value
As at 31 March 2025 3,146
As at 1 April 2024 2,879
5. Stocks
2025 2024
£ £
Work in progress 29,500 20,361
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 49,104 34,840
Other debtors 87,024 73,437
136,128 108,277
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,487 3,080
Bank loans and overdrafts 34 -
Other creditors 9,083 6,205
Taxation and social security 42,375 39,448
53,979 48,733
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3,000 3,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Alstair Nicol 3,530 45,552 (36,800 ) - 12,282
Mr David Reade 7,000 - - - -
Mr James Traill 5,650 9,323 9,323 - 5,650
The above loan is unsecured, interest free and repayable on demand.
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