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REGISTERED NUMBER: 03159761 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Elite Enclosures and Fabrications
Limited

Elite Enclosures and Fabrications
Limited (Registered number: 03159761)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elite Enclosures and Fabrications
Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: K Reed
P Dobson
Mrs L Reed
Mrs H J Dobson





REGISTERED OFFICE: 7-10 Holystone Industrial Estate
Hebburn
Tyne and Wear
NE31 1BJ





REGISTERED NUMBER: 03159761 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Elite Enclosures and Fabrications
Limited (Registered number: 03159761)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 19,751 24,499

CURRENT ASSETS
Stocks 18,489 21,638
Debtors 6 216,038 210,858
Cash at bank and in hand 59,380 53,931
293,907 286,427
CREDITORS
Amounts falling due within one year 7 214,680 206,751
NET CURRENT ASSETS 79,227 79,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,978

104,175

PROVISIONS FOR LIABILITIES 2,641 3,473
NET ASSETS 96,337 100,702

Elite Enclosures and Fabrications
Limited (Registered number: 03159761)

Balance Sheet - continued
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 81,337 85,702
SHAREHOLDERS' FUNDS 96,337 100,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 3 October 2018 and were signed on its behalf by:





K Reed - Director


Elite Enclosures and Fabrications
Limited (Registered number: 03159761)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Elite Enclosures and Fabrications Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing
stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


Elite Enclosures and Fabrications
Limited (Registered number: 03159761)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under
hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are
depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the
future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme
are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2017 - 20 ) .

Elite Enclosures and Fabrications
Limited (Registered number: 03159761)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 264,439
Additions 1,400
At 31 March 2018 265,839
DEPRECIATION
At 1 April 2017 239,940
Charge for year 6,148
At 31 March 2018 246,088
NET BOOK VALUE
At 31 March 2018 19,751
At 31 March 2017 24,499

Elite Enclosures and Fabrications
Limited (Registered number: 03159761)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2017 7,500
Transfer to ownership (7,500 )
At 31 March 2018 -
DEPRECIATION
At 1 April 2017 2,579
Charge for year 1,230
Transfer to ownership (3,809 )
At 31 March 2018 -
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 4,921

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 203,828 198,572
Other debtors 12,210 12,286
216,038 210,858

Elite Enclosures and Fabrications
Limited (Registered number: 03159761)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts - 1,750
Trade creditors 77,990 77,466
Taxation and social security 33,436 31,087
Other creditors 103,254 96,448
214,680 206,751

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.18 31.3.17
£    £   
Hire purchase contracts - 1,750
Factoring account 96,543 79,103
96,543 80,853

Hire purchase liability is secured against the assets to which they relate.

Factoring account is secured against the corresponding book debts of the company.

9. OTHER FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £40,660 (2017: £41,729).