Acorah Software Products - Accounts Production 19.2.350 false true 31 March 2025 1 April 2024 false 1 April 2025 31 December 2025 31 December 2025 12188050 Mr Martyn Fowler Mr Tim Cameron-Kitchen Mr David Freel Elite Renewable Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12188050 2025-03-31 12188050 2025-12-31 12188050 2025-04-01 2025-12-31 12188050 frs-core:CurrentFinancialInstruments 2025-12-31 12188050 frs-core:Non-currentFinancialInstruments 2025-12-31 12188050 frs-core:BetweenOneFiveYears 2025-12-31 12188050 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 12188050 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-01 2025-12-31 12188050 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 12188050 frs-core:MotorVehicles 2025-12-31 12188050 frs-core:MotorVehicles 2025-04-01 2025-12-31 12188050 frs-core:MotorVehicles 2025-03-31 12188050 frs-core:PlantMachinery 2025-12-31 12188050 frs-core:PlantMachinery 2025-04-01 2025-12-31 12188050 frs-core:PlantMachinery 2025-03-31 12188050 frs-core:WithinOneYear 2025-12-31 12188050 frs-core:ShareCapital 2025-12-31 12188050 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 12188050 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2025-12-31 12188050 frs-bus:FilletedAccounts 2025-04-01 2025-12-31 12188050 frs-bus:SmallEntities 2025-04-01 2025-12-31 12188050 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2025-12-31 12188050 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2025-12-31 12188050 1 2025-04-01 2025-12-31 12188050 frs-bus:Director1 2025-04-01 2025-12-31 12188050 frs-bus:Director2 2025-04-01 2025-12-31 12188050 frs-bus:Director3 2025-04-01 2025-12-31 12188050 frs-countries:EnglandWales 2025-04-01 2025-12-31 12188050 2024-03-31 12188050 2025-03-31 12188050 2024-04-01 2025-03-31 12188050 frs-core:CurrentFinancialInstruments 2025-03-31 12188050 frs-core:Non-currentFinancialInstruments 2025-03-31 12188050 frs-core:BetweenOneFiveYears 2025-03-31 12188050 frs-core:WithinOneYear 2025-03-31 12188050 frs-core:ShareCapital 2025-03-31 12188050 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 12188050
Elite Renewables Limited
Unaudited Financial Statements
For the Period 1 April 2025 to 31 December 2025
The Wow Company UK Ltd
3rd Floor, 86-90 Paul Street
London
EC2A 4NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 12188050
31 December 2025 31 March 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 425,724 537,592
425,724 537,592
CURRENT ASSETS
Stocks 5 2,268,653 2,449,388
Debtors 6 1,173,552 1,166,583
Cash at bank and in hand 79,474 253,024
3,521,679 3,868,995
Creditors: Amounts Falling Due Within One Year 7 (2,057,903 ) (3,551,087 )
NET CURRENT ASSETS (LIABILITIES) 1,463,776 317,908
TOTAL ASSETS LESS CURRENT LIABILITIES 1,889,500 855,500
Creditors: Amounts Falling Due After More Than One Year 8 (370,590 ) (526,845 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (173,055 ) (173,055 )
NET ASSETS 1,345,855 155,600
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and Loss Account 1,344,855 154,600
SHAREHOLDERS' FUNDS 1,345,855 155,600
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For the period ending 31 December 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 Tim Cameron-Kitchen
Director
1 May 2026
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Elite Renewables Limited is a private company, limited by shares and incorporated in England & Wales. The registered company number is 12188050 and the registered office address is Elite Renewables Ltd, Unit 20 Tait Road, Croydon, CR0 2DP.
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 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 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 Improvements 10% straight line
Plant & Machinery 33.33% and 10% straight line
Motor Vehicles 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. 
Assets acquired under hire purchase contracts are depreciated over their useful lives.
Assets acquired under finance leases are depreciated over the shorter of the lease term and 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.
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2.5. Stocks and Work in Progress
Stock

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

Work in Progress

Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.7. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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
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 asset reflects 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.
Deferred tax is only adjusted if the change in the timing difference is material.
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2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 39 (2025: 56)
39 56
4. Tangible Assets
Land & Property
Leasehold Improvements Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2025 286,310 112,075 701,930 1,100,315
Additions - 15,392 - 15,392
As at 31 December 2025 286,310 127,467 701,930 1,115,707
Depreciation
As at 1 April 2025 40,915 62,226 459,582 562,723
Provided during the period 22,974 11,795 92,491 127,260
As at 31 December 2025 63,889 74,021 552,073 689,983
Net Book Value
As at 31 December 2025 222,421 53,446 149,857 425,724
As at 1 April 2025 245,395 49,849 242,348 537,592
5. Stocks
31 December 2025 31 March 2025
£ £
Work in progress 2,268,653 2,449,388
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6. Debtors
31 December 2025 31 March 2025
£ £
Due within one year
Trade debtors 314,703 342,726
Amounts owed by group undertakings 419,574 419,574
Other debtors 439,275 404,283
1,173,552 1,166,583
7. Creditors: Amounts Falling Due Within One Year
31 December 2025 31 March 2025
£ £
Net obligations under finance lease and hire purchase contracts 111,553 120,754
Trade creditors 629,039 926,819
Bank loans and overdrafts 197,896 364,125
Amounts owed to group undertakings 106,049 311,310
Other creditors 939,619 1,625,641
Taxation and social security 73,747 202,438
2,057,903 3,551,087
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2025 31 March 2025
£ £
Net obligations under finance lease and hire purchase contracts 67,380 169,731
Bank loans 303,210 357,114
370,590 526,845
9. Secured Creditors
A fixed and floating charge over the undertaking and all property and assets, present and future, was created on 04 July 2023 by Handelsbanken PLC to secure all monies due or becoming due from the company.
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10. Obligations Under Finance Leases and Hire Purchase
31 December 2025 31 March 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 111,553 120,754
Later than one year and not later than five years 67,380 169,731
178,933 290,485
178,933 290,485
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2025 31 March 2025
£ £
Not later than one year 6,506 8,223
Later than one year and not later than five years 8,004 503
14,510 8,726
12. Related Party Transactions
At the year-end, the total amount due from group undertakings was £419,574 (2025 : £419,574) and the total amount due to group undertakings was £106,049 (2025 : £311,310).
During the year, the Company wrote off an intercompany loan due to a company under common control. An outstanding balance of £601,650 was written off during the year.
The write-off has been recognised in the profit and loss account within exceptional items.
At the balance sheet date, no balance remains outstanding in respect of this loan.
13. Ultimate Controlling Party
The company’s ultimate controlling party is Elite Renewable Holdings Limited, by virtue of its ownership of 100% of the issued share capital of the company as at 7 March 2025. The registered office of Elite Renewable Holdings Limited is One Ash, Blundel Lane, Stoke D’Abernon, Cobham, England, KT11 2SF.
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