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REGISTERED NUMBER: 06721347 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Elite Digital Resourcing Limited

Elite Digital Resourcing Limited (Registered number: 06721347)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Elite Digital Resourcing Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: K Uddin
Mrs T Hussain



SECRETARY:



REGISTERED OFFICE: 20 The Croft
Ash Green
Hampshire
GU12 6FA



REGISTERED NUMBER: 06721347 (England and Wales)



ACCOUNTANTS: A S TAXATION LIMITED
59 Lancaster Avenue
Guildford
Surrey
GU1 3JR



BANKERS: HSBC

Elite Digital Resourcing Limited (Registered number: 06721347)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,260 86,315

CURRENT ASSETS
Debtors 5 41,815 14,650
Cash at bank 27,942 20,883
69,757 35,533
CREDITORS
Amounts falling due within one year 6 50,871 36,428
NET CURRENT ASSETS/(LIABILITIES) 18,886 (895 )
TOTAL ASSETS LESS CURRENT LIABILITIES 160,146 85,420

CREDITORS
Amounts falling due after more than one year 7 121,927 65,472
NET ASSETS 38,219 19,948

CAPITAL AND RESERVES
Called up share capital 8 500 500
Retained earnings 9 37,719 19,448
SHAREHOLDERS' FUNDS 38,219 19,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 5 July 2022 and were signed on its behalf by:





K Uddin - Director


Elite Digital Resourcing Limited (Registered number: 06721347)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Elite Digital Resourcing 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 the cost less estimated residual value of 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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Elite Digital Resourcing Limited (Registered number: 06721347)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2021 16,555 75,472 19,378 111,405
Additions 7,589 126,927 - 134,516
Disposals - (75,472 ) - (75,472 )
At 31 March 2022 24,144 126,927 19,378 170,449
DEPRECIATION
At 1 April 2021 5,727 - 19,363 25,090
Charge for year 2,762 19,404 15 22,181
Eliminated on disposal - (18,082 ) - (18,082 )
At 31 March 2022 8,489 1,322 19,378 29,189
NET BOOK VALUE
At 31 March 2022 15,655 125,605 - 141,260
At 31 March 2021 10,828 75,472 15 86,315

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2021
and 31 March 2022 75,472
NET BOOK VALUE
At 31 March 2022 75,472
At 31 March 2021 75,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 41,815 14,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 18,786 -
Trade creditors 1,706 1,562
Taxation and social security 17,661 2,933
Other creditors 12,718 31,933
50,871 36,428

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Hire purchase contracts 121,927 65,472

Elite Digital Resourcing Limited (Registered number: 06721347)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
500 Ordinary £1 500 500

9. RESERVES
Retained
earnings
£   

At 1 April 2021 19,448
Profit for the year 56,271
Dividends (38,000 )
At 31 March 2022 37,719

10. COVID 19

The directors have reviewed the company position and have considered the potential impact of the COVID-19 pandemic and the subsequent economic downturn that will affect the general economy.

Whilst the effects of the pandemic and the economic downturn remains uncertain the company has been able to remain operational but has invariably scaled back its operations.

The directors have a reasonable expectation that the business will have adequate resources to continue operations for the foreseeable future.

The company therefore continues to adopt a going concern basis for these financial statements.