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REGISTERED NUMBER: 10268843 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Elite Foodservice Design Ltd

Elite Foodservice Design Ltd (Registered number: 10268843)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Elite Foodservice Design Ltd (Registered number: 10268843)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,311 32,895

CURRENT ASSETS
Stocks 153,758 66,356
Debtors 5 222,263 96,330
Cash at bank 519,223 155,679
895,244 318,365
CREDITORS
Amounts falling due within one year 6 630,455 175,770
NET CURRENT ASSETS 264,789 142,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,100

175,490

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 315,000 175,390
SHAREHOLDERS' FUNDS 315,100 175,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Foodservice Design Ltd (Registered number: 10268843)

Balance Sheet - continued
31 March 2023


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 29 September 2023 and were signed on its behalf by:




Mr R B Todd - Director Mr M R Sherwood - Director




Mr L W Sherwood - Director Mr J R Carter - Director


Elite Foodservice Design Ltd (Registered number: 10268843)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Elite Foodservice Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10268843

Registered office: Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on cost

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.

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 1 (2022 - 1 ) .

Elite Foodservice Design Ltd (Registered number: 10268843)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 27,895 13,271 41,166
Additions 23,000 1,456 24,456
At 31 March 2023 50,895 14,727 65,622
DEPRECIATION
At 1 April 2022 355 7,916 8,271
Charge for year 4,424 2,616 7,040
At 31 March 2023 4,779 10,532 15,311
NET BOOK VALUE
At 31 March 2023 46,116 4,195 50,311
At 31 March 2022 27,540 5,355 32,895

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 221,291 95,472
Prepayments 972 858
222,263 96,330

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 52,249 31,011
Tax 57,426 9,236
Social security and other taxes 2,822 4,003
VAT 1,074 4,513
Other creditors 372,489 44,253
Directors' current accounts 137,573 57,573
Accrued expenses 6,822 25,181
630,455 175,770