ELITE BROKERS LTD

Company Registration Number:
12504266 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

ELITE BROKERS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ELITE BROKERS LTD

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 3,894,587 2,019,374
Cost of sales: ( 2,274,119 ) ( 1,128,304 )
Gross profit(or loss): 1,620,468 891,070
Distribution costs: ( 174,584 ) ( 89,468 )
Administrative expenses: ( 395,414 ) ( 175,804 )
Operating profit(or loss): 1,050,470 625,798
Profit(or loss) before tax: 1,050,470 625,798
Tax: ( 199,589 ) ( 78,504 )
Profit(or loss) for the financial year: 850,881 547,294

ELITE BROKERS LTD

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 726,598 425,443
Total fixed assets: 726,598 425,443
Current assets
Stocks: 4 596,354 135,492
Debtors: 5 467,798 264,851
Cash at bank and in hand: 166,306 103,283
Total current assets: 1,230,458 503,626
Creditors: amounts falling due within one year: 6 ( 311,985 ) ( 134,879 )
Net current assets (liabilities): 918,473 368,747
Total assets less current liabilities: 1,645,071 794,190
Total net assets (liabilities): 1,645,071 794,190
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,645,070 794,189
Total Shareholders' funds: 1,645,071 794,190

The notes form part of these financial statements

ELITE BROKERS LTD

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 December 2023
and signed on behalf of the board by:

Name: ROBERT CULLEN
Status: Director

The notes form part of these financial statements

ELITE BROKERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

ELITE BROKERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 11 8

ELITE BROKERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 236,796 44,640 54,261 41,739 118,007 495,443
Additions 225,000 32,655 19,825 26,421 82,495 386,396
Disposals
Revaluations
Transfers
At 31 March 2023 461,796 77,295 74,086 68,160 200,502 881,839
Depreciation
At 1 April 2022 6,021 15,988 14,922 33,069 70,000
Charge for year 17,594 13,129 13,723 40,795 85,241
On disposals
Other adjustments
At 31 March 2023 23,615 29,117 28,645 73,864 155,241
Net book value
At 31 March 2023 461,796 53,680 44,969 39,515 126,638 726,598
At 31 March 2022 236,796 38,619 38,273 26,817 84,938 425,443

ELITE BROKERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Stocks

2023 2022
£ £
Stocks 596,354 135,492
Total 596,354 135,492

ELITE BROKERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 467,798 264,851
Total 467,798 264,851

ELITE BROKERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 112,396 56,375
Taxation and social security 199,589 78,504
Total 311,985 134,879