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REGISTERED NUMBER: 07086056 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2021

for

Elite Pest Management Limited

Elite Pest Management Limited (Registered number: 07086056)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elite Pest Management Limited

Company Information
for the Year Ended 31st December 2021







DIRECTORS: M Kilburn
N Wotherspoon





SECRETARY: Miss D M Kilburn





REGISTERED OFFICE: Unit 112 Mercury House
Willoughton Drive
Foxby Lane
Gainsborough
Lincolnshire
DN21 1DY





REGISTERED NUMBER: 07086056 (England and Wales)





ACCOUNTANTS: Elite Pest Management Limited
Unit 112 Mercury House
Willoughton Drive
Foxby Lane
Gainsborough
Lincolnshire
DN21 1DY

Elite Pest Management Limited (Registered number: 07086056)

Balance Sheet
31st December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,333 -
Tangible assets 5 27,106 33,488
36,439 33,488

CURRENT ASSETS
Stocks 115 110
Debtors 6 79,815 45,222
Cash at bank and in hand 86,816 92,716
166,746 138,048
CREDITORS
Amounts falling due within one year 7 99,849 69,382
NET CURRENT ASSETS 66,897 68,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,336

102,154

CREDITORS
Amounts falling due after more than one
year

8

(38,207

)

(64,024

)

PROVISIONS FOR LIABILITIES 10 (443 ) (1,406 )
NET ASSETS 64,686 36,724

CAPITAL AND RESERVES
Called up share capital 11 102 102
Retained earnings 12 64,584 36,622
SHAREHOLDERS' FUNDS 64,686 36,724

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Pest Management Limited (Registered number: 07086056)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th September 2022 and were signed on its behalf by:





M Kilburn - Director


Elite Pest Management Limited (Registered number: 07086056)

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

1. STATUTORY INFORMATION

Elite Pest Management 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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.

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.

Elite Pest Management Limited (Registered number: 07086056)

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

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
Additions 14,000
At 31st December 2021 14,000
AMORTISATION
Amortisation for year 4,667
At 31st December 2021 4,667
NET BOOK VALUE
At 31st December 2021 9,333

Elite Pest Management Limited (Registered number: 07086056)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2021 6,350 50,150 8,662 65,162
Additions 933 - 1,525 2,458
At 31st December 2021 7,283 50,150 10,187 67,620
DEPRECIATION
At 1st January 2021 2,736 22,636 6,302 31,674
Charge for year 680 6,877 1,283 8,840
At 31st December 2021 3,416 29,513 7,585 40,514
NET BOOK VALUE
At 31st December 2021 3,867 20,637 2,602 27,106
At 31st December 2020 3,614 27,514 2,360 33,488

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st January 2021
and 31st December 2021 1,833 49,810 51,643
DEPRECIATION
At 1st January 2021 876 22,418 23,294
Charge for year 143 6,847 6,990
At 31st December 2021 1,019 29,265 30,284
NET BOOK VALUE
At 31st December 2021 814 20,545 21,359
At 31st December 2020 957 27,392 28,349

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 79,687 45,094
Other debtors 128 128
79,815 45,222

Elite Pest Management Limited (Registered number: 07086056)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,648 -
Hire purchase contracts 14,827 12,706
Trade creditors 20,925 7,673
Tax creditor 12,232 9,571
Social security and other taxes 21,428 18,919
Directors' current accounts 19,789 20,513
99,849 69,382

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 1-2 years 21,297 50,000
Bank loans - 2-5 years 14,899 -
Hire purchase contracts 2,011 14,024
38,207 64,024

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Hire purchase contracts 16,838 26,730

10. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 443 1,406

Deferred
tax
£   
Balance at 1st January 2021 1,406
Movement in year (963 )
Balance at 31st December 2021 443

Elite Pest Management Limited (Registered number: 07086056)

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

11. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1.00 100 100
1 Ordinary B Shares £1.00 1 1
1 Ordinary C Shares £1.00 1 1
102 102

12. RESERVES
Retained
earnings
£   

At 1st January 2021 36,622
Profit for the year 52,962
Dividends (25,000 )
At 31st December 2021 64,584

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2020 - £37,000) were paid to the directors .

At the balance sheet date the company owed the directors and shareholders, a balance of £19,789 (2020 - £20,513).This balance has been shown within creditors.

14. ULTIMATE CONTROLLING PARTY

The company is controlled by one of its directors, Mr M Kilburn.