REGISTERED NUMBER: 08931203 (England and Wales)

Financial Statements for the Year Ended 31 March 2023

for

Elite Contract Cleaning Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M D Reed

Mrs A M Reed

SECRETARY:

Mr M D Reed

REGISTERED OFFICE:

Unit 6

Urban Hive

Luton Enterprise Park

Sundon Park Road

Luton

Bedfordshire

LU3 3GU

REGISTERED NUMBER:

08931203 (England and Wales)

ACCOUNTANTS:

Farrell & Co

1C Amberside

Wood Lane

Hemel Hempstead

Hertfordshire

HP2 4TP

FIXED ASSETS

Tangible assets

5

34,621

45,667

CURRENT ASSETS

Debtors

6

78,472

41,705

Cash at bank

37,224

35,758

115,696

77,463

CREDITORS

Amounts falling due within one year

7

90,369

60,746

NET CURRENT ASSETS

25,327

16,717

TOTAL ASSETS LESS CURRENT LIABILITIES

59,948

62,384

CREDITORS

Amounts falling due after more than one year

8

(31,849

)

(36,296

)

PROVISIONS FOR LIABILITIES

(6,578

)

(8,677

)

NET ASSETS

21,521

17,411

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

21,421

17,311

SHAREHOLDERS' FUNDS

21,521

17,411

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.

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 4 October 2023 and were signed on its behalf by:

Mr M D Reed - Director

1.	STATUTORY INFORMATION

Elite Contract Cleaning Ltd 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.

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

2.	STATEMENT OF COMPLIANCE

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.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

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 28 (2022 - 23 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2022

52,310

32,647

2,582

87,539

Additions

494

-

-

494

At 31 March 2023

52,804

32,647

2,582

88,033

DEPRECIATION

At 1 April 2022

18,332

21,571

1,969

41,872

Charge for year

8,618

2,769

153

11,540

At 31 March 2023

26,950

24,340

2,122

53,412

NET BOOK VALUE

At 31 March 2023

25,854

8,307

460

34,621

At 31 March 2022

33,978

11,076

613

45,667

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

78,472

41,705

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

3,642

265

Amounts owed to associates

33,052

33,052

Taxation and social security

47,945

22,975

Other creditors

5,730

4,454

90,369

60,746

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans

31,849

36,296

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

Oridinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2022

17,311

Profit for the year

52,110

Dividends

(48,000

)

At 31 March 2023

21,421