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REGISTERED NUMBER: 06860103 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Elite Building Solutions (Nationwide)
Ltd

Elite Building Solutions (Nationwide)
Ltd (Registered number: 06860103)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elite Building Solutions (Nationwide)
Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr J R Hemsley
Mrs R L Hemsley





REGISTERED OFFICE: 7 Teasel Close
Narborough
Leicestershire
LE19 3DZ





REGISTERED NUMBER: 06860103 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Elite Building Solutions (Nationwide)
Ltd (Registered number: 06860103)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,492 23,909
Investments 5 16,310 -
Investment property 6 511,178 451,196
539,980 475,105

CURRENT ASSETS
Debtors 7 58,112 60,659
Cash at bank 112,269 146,971
170,381 207,630
CREDITORS
Amounts falling due within one year 8 (106,698 ) (119,027 )
NET CURRENT ASSETS 63,683 88,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

603,663

563,708

CREDITORS
Amounts falling due after more than one
year

9

(200,688

)

(212,311

)

PROVISIONS FOR LIABILITIES (3,123 ) (4,543 )
NET ASSETS 399,852 346,854

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 399,752 346,754
SHAREHOLDERS' FUNDS 399,852 346,854

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 Building Solutions (Nationwide)
Ltd (Registered number: 06860103)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





Mr J R Hemsley - Director


Elite Building Solutions (Nationwide)
Ltd (Registered number: 06860103)

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

1. STATUTORY INFORMATION

Elite Building Solutions (Nationwide) 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 - 20% on reducing balance
Motor vehicles - 25% on cost
Computer and office equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 Building Solutions (Nationwide)
Ltd (Registered number: 06860103)

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

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 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
and
Plant and Motor office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 12,363 42,200 13,906 68,469
Additions - - 1,416 1,416
Disposals - - (5,001 ) (5,001 )
At 31 March 2023 12,363 42,200 10,321 64,884
DEPRECIATION
At 1 April 2022 10,752 22,570 11,238 44,560
Charge for year 323 10,550 1,960 12,833
Eliminated on disposal - - (5,001 ) (5,001 )
At 31 March 2023 11,075 33,120 8,197 52,392
NET BOOK VALUE
At 31 March 2023 1,288 9,080 2,124 12,492
At 31 March 2022 1,611 19,630 2,668 23,909

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.23 31.3.22
£    £   
Horse 16,310 -

Elite Building Solutions (Nationwide)
Ltd (Registered number: 06860103)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 451,196
Additions 59,982
At 31 March 2023 511,178
NET BOOK VALUE
At 31 March 2023 511,178
At 31 March 2022 451,196

The directors consider the fair value of investment property as at 31 March 2023 to be £511,178. Valuations of investment property have been made on an open market value for existing use basis.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 57,112 59,659
Other debtors 1,000 1,000
58,112 60,659

Other debtors includes accrued income of £Nil (2022 - £Nil).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,556 6,571
Hire purchase contracts 7,670 7,635
Trade creditors 24,600 21,150
Taxation and social security 37,760 47,778
Other creditors 31,112 35,893
106,698 119,027

Other creditors includes accruals and deferred income of £2,262 (2022 - £2,262).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 200,688 204,897
Hire purchase contracts - 7,414
200,688 212,311

Elite Building Solutions (Nationwide)
Ltd (Registered number: 06860103)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due in more than
5 years 162,400 162,400
162,400 162,400

Repayable by instalments
Bank loans due in more than 5
years 16,065 13,814
16,065 13,814

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 7,670 15,049
Bank loans 162,400 162,400
170,070 177,449

Hire purchase liabilities are secured on the individual assets being so acquired.
Bank loans are secured on the Investment properties of the company.