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REGISTERED NUMBER: 10463647 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Elite It Support Limited

Elite It Support Limited (Registered number: 10463647)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Elite It Support Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C Stichbury
Mrs C Stichbury





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 10463647 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Elite It Support Limited (Registered number: 10463647)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 14,133 19,948

CURRENT ASSETS
Debtors 6 36,076 50,414
Cash at bank 24,845 29,744
60,921 80,158
CREDITORS
Amounts falling due within one year 7 45,589 43,698
NET CURRENT ASSETS 15,332 36,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,465

56,408

CREDITORS
Amounts falling due after more than one year 8 (8,865 ) (13,764 )

PROVISIONS FOR LIABILITIES (2,685 ) (3,790 )
NET ASSETS 17,915 38,854

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 130 130
Retained earnings 17,785 38,724
17,915 38,854

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 It Support Limited (Registered number: 10463647)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





C Stichbury - Director


Elite It Support Limited (Registered number: 10463647)

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

1. STATUTORY INFORMATION

Elite It Support 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Elite It Support Limited (Registered number: 10463647)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 2,244 30,063 10,841 43,148
Additions - - 3,924 3,924
At 31 March 2023 2,244 30,063 14,765 47,072
DEPRECIATION
At 1 April 2022 1,383 13,778 8,039 23,200
Charge for year 369 7,516 1,854 9,739
At 31 March 2023 1,752 21,294 9,893 32,939
NET BOOK VALUE
At 31 March 2023 492 8,769 4,872 14,133
At 31 March 2022 861 16,285 2,802 19,948

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 34,503 48,889
Other debtors 129 129
Directors' current accounts 793 485
Prepayments 651 911
36,076 50,414

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 4,899 4,899
Trade creditors 16,878 13,789
Tax 12,687 12,206
Social security and other taxes 278 161
VAT 8,100 10,478
Accrued expenses 2,747 2,165
45,589 43,698

Elite It Support Limited (Registered number: 10463647)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 8,865 13,764