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REGISTERED NUMBER: 11399161 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Elite Driveways Ltd

Elite Driveways Ltd (Registered number: 11399161)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Elite Driveways Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: D W Kidd





REGISTERED OFFICE: 39 Summerfield Road
Burntwood
Staffordshire
WS7 4UA





REGISTERED NUMBER: 11399161 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Elite Driveways Ltd (Registered number: 11399161)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 2,000
Tangible assets 5 6,281 400
6,281 2,400

CURRENT ASSETS
Stocks 10,683 15,880
Debtors 6 144 2,747
Cash at bank 185 9,541
11,012 28,168
CREDITORS
Amounts falling due within one year 7 (25,231 ) (35,197 )
NET CURRENT LIABILITIES (14,219 ) (7,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,938

)

(4,629

)

CREDITORS
Amounts falling due after more than one
year

8

(12,487

)

(18,999

)
NET LIABILITIES (20,425 ) (23,628 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (20,426 ) (23,629 )
SHAREHOLDERS' FUNDS (20,425 ) (23,628 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Driveways Ltd (Registered number: 11399161)

Balance Sheet - continued
30 June 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 director and authorised for issue on 28 November 2023 and were signed by:





D W Kidd - Director


Elite Driveways Ltd (Registered number: 11399161)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Elite Driveways 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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

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 cost
Motor vehicles - 25% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

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

Elite Driveways Ltd (Registered number: 11399161)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 10,000
AMORTISATION
At 1 July 2022 8,000
Amortisation for year 2,000
At 30 June 2023 10,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 2,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022 2,000 6,000 8,000
Additions - 6,700 6,700
Disposals - (6,000 ) (6,000 )
At 30 June 2023 2,000 6,700 8,700
DEPRECIATION
At 1 July 2022 1,600 6,000 7,600
Charge for year 400 419 819
Eliminated on disposal - (6,000 ) (6,000 )
At 30 June 2023 2,000 419 2,419
NET BOOK VALUE
At 30 June 2023 - 6,281 6,281
At 30 June 2022 400 - 400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,208
Other debtors 144 539
144 2,747

Elite Driveways Ltd (Registered number: 11399161)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,512 6,512
Trade creditors 3,168 258
Taxation and social security 3,429 8,296
Other creditors 12,122 20,131
25,231 35,197

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,487 18,999

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Elite Driveways Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elite Driveways Ltd for the year ended 30 June 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Elite Driveways Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elite Driveways Ltd and state those matters that we have agreed to state to the director of Elite Driveways Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elite Driveways Ltd and its director for our work or for this report.

It is your duty to ensure that Elite Driveways Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Elite Driveways Ltd. You consider that Elite Driveways Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Elite Driveways Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


28 November 2023