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REGISTERED NUMBER: 05488054 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Elite Logistics (NW) Ltd

Elite Logistics (NW) Ltd (Registered number: 05488054)






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


Elite Logistics (NW) Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: M Jones





SECRETARY: Mrs G Jones





REGISTERED OFFICE: Unit 5
Cromwell Road Trading Estate
Bredbury
Stockport
Cheshire
SK6 2RF





REGISTERED NUMBER: 05488054 (England and Wales)






Elite Logistics (NW) Ltd (Registered number: 05488054)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198,926 153,943

CURRENT ASSETS
Debtors 5 111,016 80,012
Cash at bank 11,602 2,979
122,618 82,991
CREDITORS
Amounts falling due within one year 6 98,986 93,860
NET CURRENT ASSETS/(LIABILITIES) 23,632 (10,869 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,558

143,074

CREDITORS
Amounts falling due after more than one year 7 (178,374 ) (97,732 )

PROVISIONS FOR LIABILITIES (37,796 ) (29,250 )
NET ASSETS 6,388 16,092

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,288 15,992
SHAREHOLDERS' FUNDS 6,388 16,092

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 Logistics (NW) Ltd (Registered number: 05488054)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





M Jones - Director


Elite Logistics (NW) Ltd (Registered number: 05488054)

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

1. STATUTORY INFORMATION

Elite Logistics (NW) 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 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.
Plant and machinery etc - 33% on cost and 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
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.

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 Logistics (NW) Ltd (Registered number: 05488054)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 34,243 339,350 2,783 376,376
Additions - 89,389 - 89,389
Disposals (14,121 ) (42,774 ) - (56,895 )
At 30 June 2023 20,122 385,965 2,783 408,870
DEPRECIATION
At 1 July 2022 24,793 194,857 2,783 222,433
Charge for year 2,020 34,492 - 36,512
Eliminated on disposal (12,752 ) (36,249 ) - (49,001 )
At 30 June 2023 14,061 193,100 2,783 209,944
NET BOOK VALUE
At 30 June 2023 6,061 192,865 - 198,926
At 30 June 2022 9,450 144,493 - 153,943

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 74,065
Additions 89,389
Reclassification/transfer 50,400
At 30 June 2023 213,854
DEPRECIATION
At 1 July 2022 42,819
Charge for year 7,811
Reclassification/transfer 12,600
At 30 June 2023 63,230
NET BOOK VALUE
At 30 June 2023 150,624
At 30 June 2022 31,246

Elite Logistics (NW) Ltd (Registered number: 05488054)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 85,262 58,275
Other debtors 25,754 21,737
111,016 80,012

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 12,967 36,675
Hire purchase contracts 48,706 13,340
Trade creditors 6,218 1,680
Taxation and social security 31,095 42,165
98,986 93,860

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 20,022 30,316
Hire purchase contracts 158,352 67,416
178,374 97,732