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REGISTERED NUMBER: 06746323 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Elite Reproduction Supplies Limited

Elite Reproduction Supplies Limited (Registered number: 06746323)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elite Reproduction Supplies Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: T R V Matson
Mrs E M Mitchell
M Anderson





REGISTERED OFFICE: International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF





REGISTERED NUMBER: 06746323 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

Elite Reproduction Supplies Limited (Registered number: 06746323)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,685 2,692

CURRENT ASSETS
Stocks 127,313 96,822
Debtors 5 37,927 6,507
Cash at bank 37,543 21,301
202,783 124,630
CREDITORS
Amounts falling due within one year 6 116,549 89,368
NET CURRENT ASSETS 86,234 35,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,919

37,954

PROVISIONS FOR LIABILITIES 700 536
NET ASSETS 89,219 37,418

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 89,119 37,318
SHAREHOLDERS' FUNDS 89,219 37,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Elite Reproduction Supplies Limited (Registered number: 06746323)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 9 August 2022 and were signed on its behalf by:





Mrs E M Mitchell - Director


Elite Reproduction Supplies Limited (Registered number: 06746323)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Elite Reproduction Supplies 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 50% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

Elite Reproduction Supplies Limited (Registered number: 06746323)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2021 4,750 943 3,009 8,702
Additions - 288 1,650 1,938
At 31 December 2021 4,750 1,231 4,659 10,640
DEPRECIATION
At 1 January 2021 3,724 415 1,871 6,010
Charge for year 154 86 705 945
At 31 December 2021 3,878 501 2,576 6,955
NET BOOK VALUE
At 31 December 2021 872 730 2,083 3,685
At 31 December 2020 1,026 528 1,138 2,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 34,782 4,157
Prepayments 3,145 2,350
37,927 6,507

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 81,752 34,545
Tax 14,943 11,742
Social security and other taxes 7,951 7,526
VAT 8,219 10,855
Other creditors 1,249 497
Directors' current accounts 1,214 22,968
Accrued expenses 1,221 1,235
116,549 89,368

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Consignment stock 50,633 8,304

Elite Reproduction Supplies Limited (Registered number: 06746323)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
100 Ordinary 1.00 100 100