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REGISTERED NUMBER: 11355511 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Elite Vehicle Movements Limited

Elite Vehicle Movements Limited (Registered number: 11355511)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elite Vehicle Movements Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: C J Rhodes





REGISTERED OFFICE: Field House, 6b King Street
Nether Broughton
Melton Mowbray
LE14 3HA





REGISTERED NUMBER: 11355511 (England and Wales)





ACCOUNTANTS: HHG Business Services Limited
Field House
6b King Street
Nether Broughton
Melton Mowbray
Leicestershire
LE14 3HA

Elite Vehicle Movements Limited (Registered number: 11355511)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,427 49,158

CURRENT ASSETS
Debtors 5 208,260 183,328
Cash at bank and in hand 28,756 34,757
237,016 218,085
CREDITORS
Amounts falling due within one year 6 217,128 199,887
NET CURRENT ASSETS 19,888 18,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,315

67,356

CREDITORS
Amounts falling due after more than one
year

7

(57,472

)

(65,666

)

PROVISIONS FOR LIABILITIES - (427 )
NET (LIABILITIES)/ASSETS (2,157 ) 1,263

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (2,158 ) 1,262
SHAREHOLDERS' FUNDS (2,157 ) 1,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Vehicle Movements Limited (Registered number: 11355511)

Balance Sheet - continued
31 May 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 29 January 2024 and were signed by:





C J Rhodes - Director


Elite Vehicle Movements Limited (Registered number: 11355511)

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

1. STATUTORY INFORMATION

Elite Vehicle Movements 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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
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 the 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.

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 Vehicle Movements Limited (Registered number: 11355511)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 61,074
Additions 5,803
Disposals (15,600 )
At 31 May 2023 51,277
DEPRECIATION
At 1 June 2022 11,914
Charge for year 8,933
Eliminated on disposal (4,997 )
At 31 May 2023 15,850
NET BOOK VALUE
At 31 May 2023 35,427
At 31 May 2022 49,160

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 35,846
DEPRECIATION
At 1 June 2022 4,437
Charge for year 5,916
At 31 May 2023 10,353
NET BOOK VALUE
At 31 May 2023 25,493
At 31 May 2022 31,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 176,290 170,651
Other debtors 31,970 12,677
208,260 183,328

Elite Vehicle Movements Limited (Registered number: 11355511)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 5,231 5,231
Finance leases 3,066 3,066
Taxation and social security 80,148 74,838
Other creditors 128,683 116,752
217,128 199,887

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 34,410 39,538
Finance leases 23,062 26,128
57,472 65,666

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
C J Rhodes
Balance outstanding at start of year (10,659 ) 13,898
Amounts advanced 26,056 41,943
Amounts repaid - (66,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,397 (10,659 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is C J Rhodes.