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REGISTERED NUMBER: 02836207 (England and Wales)















Elite Electrical Design Services Ltd

Unaudited Financial Statements for the Year Ended 31 July 2023






Elite Electrical Design Services Ltd (Registered number: 02836207)






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




Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Elite Electrical Design Services Ltd

Company Information
for the Year Ended 31 July 2023







Directors: Graham Fields
Wendy Anne Fields





Registered office: 36 Spring Meadows
Darwen
BB3 3JS





Registered number: 02836207 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Elite Electrical Design Services Ltd

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report 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 Electrical Design Services Ltd for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Elite Electrical Design Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elite Electrical Design Services Ltd and state those matters that we have agreed to state to the Board of Directors of Elite Electrical Design Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Elite Electrical Design Services 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 Electrical Design Services Ltd. You consider that Elite Electrical Design Services 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 Electrical Design Services 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.






Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY


11 April 2024

Elite Electrical Design Services Ltd (Registered number: 02836207)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 147 208

Current assets
Debtors 5 3,685 3,513
Cash at bank 142,235 81,167
145,920 84,680
Creditors
Amounts falling due within one year 6 108,193 64,850
Net current assets 37,727 19,830
Total assets less current liabilities 37,874 20,038

Capital and reserves
Called up share capital 7 100 100
Retained earnings 37,774 19,938
Shareholders' funds 37,874 20,038

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Electrical Design Services Ltd (Registered number: 02836207)

Statement of Financial Position - continued
31 July 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 11 April 2024 and were signed on its behalf by:





Graham Fields - Director


Elite Electrical Design Services Ltd (Registered number: 02836207)

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

1. Statutory information

Elite Electrical Design Services 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 receivable for electrical design engineering provided by the company, net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost and 20% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

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.

3. Employees and directors

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

Elite Electrical Design Services Ltd (Registered number: 02836207)

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

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 August 2022
and 31 July 2023 7,901
Depreciation
At 1 August 2022 7,693
Charge for year 61
At 31 July 2023 7,754
Net book value
At 31 July 2023 147
At 31 July 2022 208

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 3,241 3,069
Other debtors 444 444
3,685 3,513

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 968 1,234
Taxation and social security 22,752 22,095
Other creditors 84,473 41,521
108,193 64,850

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100