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REGISTERED NUMBER: 03849400 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Elite Document Solutions Limited

Elite Document Solutions Limited (Registered number: 03849400)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elite Document Solutions Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A Baxter
G Brown
D Parsons





REGISTERED OFFICE: 65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY





REGISTERED NUMBER: 03849400 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Elite Document Solutions Limited (Registered number: 03849400)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 44,000
Tangible assets 5 31,456 26,425
71,456 70,425

CURRENT ASSETS
Debtors 6 477,354 461,331
Cash at bank and in hand 467,695 203,758
945,049 665,089
CREDITORS
Amounts falling due within one year 7 645,289 422,775
NET CURRENT ASSETS 299,760 242,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,216

312,739

CREDITORS
Amounts falling due after more than one
year

8

(35,417

)

(80,787

)

PROVISIONS FOR LIABILITIES (7,951 ) (5,021 )
NET ASSETS 327,848 226,931

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 326,848 225,931
SHAREHOLDERS' FUNDS 327,848 226,931

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 Document Solutions Limited (Registered number: 03849400)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:




A Baxter - Director



D Parsons - Director


Elite Document Solutions Limited (Registered number: 03849400)

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

1. STATUTORY INFORMATION

Elite Document Solutions 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 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 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

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.

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 Document Solutions Limited (Registered number: 03849400)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 60,000
AMORTISATION
At 1 August 2022 16,000
Charge for year 4,000
At 31 July 2023 20,000
NET BOOK VALUE
At 31 July 2023 40,000
At 31 July 2022 44,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 1,750 49,788 51,538
Additions - 12,922 12,922
At 31 July 2023 1,750 62,710 64,460
DEPRECIATION
At 1 August 2022 826 24,287 25,113
Charge for year 584 7,307 7,891
At 31 July 2023 1,410 31,594 33,004
NET BOOK VALUE
At 31 July 2023 340 31,116 31,456
At 31 July 2022 924 25,501 26,425

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 201,764 160,808
Other debtors 275,590 300,523
477,354 461,331

Elite Document Solutions Limited (Registered number: 03849400)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 268,181 132,588
Taxation and social security 149,557 74,418
Other creditors 227,551 215,769
645,289 422,775

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors 35,417 80,787

9. ULTIMATE CONTROLLING PARTY

The controlling party is A Baxter.