IRIS Accounts Production v23.3.0.418 06095636 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060956362022-03-31060956362023-03-31060956362022-04-012023-03-31060956362021-03-31060956362021-04-012022-03-31060956362022-03-3106095636ns10:Originalns15:EnglandWales2022-04-012023-03-3106095636ns14:PoundSterlingns10:Original2022-04-012023-03-3106095636ns10:Originalns10:Director12022-04-012023-03-3106095636ns10:Original2022-04-012023-03-3106095636ns10:Original2023-03-3106095636ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3106095636ns10:Originalns10:SmallEntities2022-04-012023-03-3106095636ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3106095636ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106095636ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3106095636ns10:Originalns10:FullAccounts2022-04-012023-03-3106095636ns10:CompanySecretary1ns10:Original2022-04-012023-03-3106095636ns10:Originalns10:RegisteredOffice2022-04-012023-03-3106095636ns10:Original2022-03-3106095636ns10:Originalns5:CurrentFinancialInstruments2023-03-3106095636ns10:Originalns5:CurrentFinancialInstruments2022-03-3106095636ns10:Originalns5:Non-currentFinancialInstruments2023-03-3106095636ns10:Originalns5:Non-currentFinancialInstruments2022-03-3106095636ns5:ShareCapitalns10:Original2023-03-3106095636ns5:ShareCapitalns10:Original2022-03-3106095636ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3106095636ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3106095636ns10:Originalns5:PlantMachinery2022-04-012023-03-3106095636ns10:Originalns5:MotorVehicles2022-04-012023-03-3106095636ns10:Originalns5:ComputerEquipment2022-04-012023-03-3106095636ns10:Original2021-04-012022-03-3106095636ns10:Originalns5:LandBuildings2022-03-3106095636ns10:Originalns5:PlantMachinery2022-03-3106095636ns10:Original2022-03-3106095636ns10:Originalns5:LandBuildings2022-04-012023-03-3106095636ns10:Originalns5:LandBuildings2023-03-3106095636ns10:Originalns5:PlantMachinery2023-03-3106095636ns10:Originalns5:LandBuildings2022-03-3106095636ns10:Originalns5:PlantMachinery2022-03-3106095636ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106095636ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 06095636 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Elite Lead Specialists Limited

Elite Lead Specialists Limited (Registered number: 06095636)






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 Lead Specialists Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D Murphy



SECRETARY: D Murphy



REGISTERED OFFICE: Suite 13 Enterprise House
Boathouse Meadow Business Park
Cherry Orchard Lane
Salisbury
Wiltshire
SP2 7LD



REGISTERED NUMBER: 06095636 (England and Wales)



ACCOUNTANTS: TMT Accountancy Services Limited
Suite 13 Enterprise House
Boathouse Meadow Business Park
Cherry Orchard Lane
Salisbury
Wiltshire
SP2 7LD



BANKERS: Metro Bank
1 & 2 West Quay Shopping Centre
Above Bar Street
Southampton
Hampshire
SO15 1QD

Elite Lead Specialists Limited (Registered number: 06095636)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,354 81,821

CURRENT ASSETS
Stocks 15,700 12,410
Debtors 5 44,594 3,769
Cash at bank 22,346 26,183
82,640 42,362
CREDITORS
Amounts falling due within one year 6 53,848 22,982
NET CURRENT ASSETS 28,792 19,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,146

101,201

CREDITORS
Amounts falling due after more than one
year

7

(28,566

)

(19,025

)

PROVISIONS FOR LIABILITIES (17,613 ) (15,546 )
NET ASSETS 95,967 66,630

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 95,957 66,620
95,967 66,630

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 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 Lead Specialists Limited (Registered number: 06095636)

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 director and authorised for issue on 24 November 2023 and were signed by:





D Murphy - Director


Elite Lead Specialists Limited (Registered number: 06095636)

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

1. STATUTORY INFORMATION

Elite Lead Specialists 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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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

Elite Lead Specialists Limited (Registered number: 06095636)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 20,656 157,285 177,941
Additions - 47,738 47,738
Disposals - (17,994 ) (17,994 )
At 31 March 2023 20,656 187,029 207,685
DEPRECIATION
At 1 April 2022 - 96,120 96,120
Charge for year - 10,478 10,478
Eliminated on disposal - (12,267 ) (12,267 )
At 31 March 2023 - 94,331 94,331
NET BOOK VALUE
At 31 March 2023 20,656 92,698 113,354
At 31 March 2022 20,656 61,165 81,821

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 42,260 3,723
Other debtors 2,334 46
44,594 3,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 3,904 3,294
Trade creditors 40,399 9,833
Taxation and social security 2,595 1,283
Other creditors 1,950 3,572
53,848 22,982

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 13,750 18,750
Hire purchase contracts 14,816 275
28,566 19,025