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REGISTERED NUMBER: 08352541 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JANUARY 2023

FOR

ELITE ELECTRICAL & PROPERTY SERVICES LTD

ELITE ELECTRICAL & PROPERTY SERVICES LTD (REGISTERED NUMBER: 08352541)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELITE ELECTRICAL & PROPERTY SERVICES LTD

COMPANY INFORMATION
for the Year Ended 30th January 2023







DIRECTOR: G A Harris





REGISTERED OFFICE: Brambledene Cottage Tuckey Grove
Ripley
Woking
GU23 6JG





REGISTERED NUMBER: 08352541 (England and Wales)





ACCOUNTANTS: Draper Accountants Limited
3 Quarry Close
Green Lane
Leatherhead
Surrey
KT22 8US

ELITE ELECTRICAL & PROPERTY SERVICES LTD (REGISTERED NUMBER: 08352541)

BALANCE SHEET
30th January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 408 41

CURRENT ASSETS
Debtors 5 - 51,761
Cash at bank 49,686 7,461
49,686 59,222
CREDITORS
Amounts falling due within one year 6 30,196 56,950
NET CURRENT ASSETS 19,490 2,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,898

2,313

CREDITORS
Amounts falling due after more than one
year

7

8,467

12,067
NET ASSETS/(LIABILITIES) 11,431 (9,754 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 11,231 (9,954 )
11,431 (9,754 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 ELECTRICAL & PROPERTY SERVICES LTD (REGISTERED NUMBER: 08352541)

BALANCE SHEET - continued
30th January 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 director and authorised for issue on 10th October 2023 and were signed by:





G A Harris - Director


ELITE ELECTRICAL & PROPERTY SERVICES LTD (REGISTERED NUMBER: 08352541)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th January 2023

1. STATUTORY INFORMATION

Elite Electrical & Property Services 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.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ELITE ELECTRICAL & PROPERTY SERVICES LTD (REGISTERED NUMBER: 08352541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 31st January 2022 2,348 1,910 1,349 5,607
Additions - - 545 545
At 30th January 2023 2,348 1,910 1,894 6,152
DEPRECIATION
At 31st January 2022 2,348 1,869 1,349 5,566
Charge for year - 41 137 178
At 30th January 2023 2,348 1,910 1,486 5,744
NET BOOK VALUE
At 30th January 2023 - - 408 408
At 30th January 2022 - 41 - 41

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 51,761

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,395 5,022
Taxation and social security 17,131 43,203
Other creditors 8,670 8,725
30,196 56,950

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 8,467 12,067