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REGISTERED NUMBER: 08848605 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

ELI IT Solutions Limited

ELI IT Solutions Limited (Registered number: 08848605)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ELI IT Solutions Limited

Company Information
for the Year Ended 31 January 2024







Directors: G P Dohoney
H M Dohoney





Registered office: 27 Hillock Lane
Woolston
Warrington
WA1 4NF





Registered number: 08848605 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

ELI IT Solutions Limited (Registered number: 08848605)

Statement of Financial Position
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 61,518 77,394

Current assets
Debtors 5 - 521
Cash at bank 148,009 155,583
148,009 156,104
Creditors
Amounts falling due within one year 6 86,796 67,793
Net current assets 61,213 88,311
Total assets less current liabilities 122,731 165,705

Creditors
Amounts falling due after more than
one year

7

(48,645

)

(59,102

)

Provisions for liabilities 9 (15,380 ) (17,777 )
Net assets 58,706 88,826

Capital and reserves
Called up share capital 100 100
Retained earnings 58,606 88,726
58,706 88,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

ELI IT Solutions Limited (Registered number: 08848605)

Statement of Financial Position - continued
31 January 2024


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 1 May 2024 and were signed on its behalf by:





G P Dohoney - Director


ELI IT Solutions Limited (Registered number: 08848605)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. Statutory information

ELI IT 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 the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on cost
Motor vehicles - 20% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ELI IT Solutions Limited (Registered number: 08848605)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. Accounting policies - continued

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.

Hire purchase
Assets obtained under hire purchase contracts are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
Cost
At 1 February 2023
and 31 January 2024 4,183 103,428 107,611
Depreciation
At 1 February 2023 2,637 27,580 30,217
Charge for year 707 15,169 15,876
At 31 January 2024 3,344 42,749 46,093
Net book value
At 31 January 2024 839 60,679 61,518
At 31 January 2023 1,546 75,848 77,394

5. Debtors: amounts falling due within one year
31/1/24 31/1/23
£    £   
Other debtors - 521

6. Creditors: amounts falling due within one year
31/1/24 31/1/23
£    £   
Hire purchase contracts 10,457 10,457
Taxation and social security 15,978 14,209
Other creditors 60,361 43,127
86,796 67,793

ELI IT Solutions Limited (Registered number: 08848605)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. Creditors: amounts falling due after more than one year
31/1/24 31/1/23
£    £   
Hire purchase contracts 48,645 59,102

8. Secured debts

The following secured debts are included within creditors:

31/1/24 31/1/23
£    £   
Hire purchase contracts 59,102 69,559

Hire purchase contracts are secured on the underlying assets.

9. Provisions for liabilities
31/1/24 31/1/23
£    £   
Deferred tax
Accelerated capital allowances 15,380 17,777

Deferred
tax
£   
Balance at 1 February 2023 17,777
Utilised during year (2,397 )
Balance at 31 January 2024 15,380