Company Registration No. 11625356 (England and Wales)
ELITE RANGE UK LTD
Unaudited accounts
for the year ended 31 October 2023
ELITE RANGE UK LTD
Unaudited accounts
Contents
ELITE RANGE UK LTD
Company Information
for the year ended 31 October 2023
Director
HASNATH CHOUDHURY
Secretary
HASNATH CHOUDHURY
Company Number
11625356 (England and Wales)
Registered Office
KEMP HOUSE
160 CITY ROAD
LONDON
EC1V 2NX
UNITED KINGDOM
Accountants
Insight Business Services Limited
20-22 Wenlock Road
London
N1 7GU
ELITE RANGE UK LTD
Statement of financial position
as at 31 October 2023
Tangible assets
14,265
15,850
Cash at bank and in hand
13,818
11,816
Creditors: amounts falling due within one year
(44,376)
(56,939)
Net current assets/(liabilities)
1,159
(13,927)
Called up share capital
100
100
Profit and loss account
15,324
1,823
Shareholders' funds
15,424
1,923
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 July 2024 and were signed on its behalf by
HASNATH CHOUDHURY
Director
Company Registration No. 11625356
ELITE RANGE UK LTD
Notes to the Accounts
for the year ended 31 October 2023
ELITE RANGE UK LTD is a private company, limited by shares, registered in England and Wales, registration number 11625356. The registered office is KEMP HOUSE, 160 CITY ROAD, LONDON, EC1V 2NX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance Basis
Motor vehicles
20% Reducing Balance Basis
Computer equipment
20% Reducing Balance Basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The accounts have been prepared on a going concern basis.
ELITE RANGE UK LTD
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
18,496
1,530
20,026
At 31 October 2023
18,496
3,512
22,008
At 1 November 2022
3,699
477
4,176
Charge for the year
2,960
607
3,567
At 31 October 2023
6,659
1,084
7,743
At 31 October 2023
11,837
2,428
14,265
At 31 October 2022
14,797
1,053
15,850
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
10,125
9,913
Taxes and social security
3,288
3,411
Loans from directors
25,970
10,456
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).