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REGISTERED NUMBER: 04984771 (England and Wales)











ELITE ELECTRICIANS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ELITE ELECTRICIANS LIMITED (REGISTERED NUMBER: 04984771)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 7

ELITE ELECTRICIANS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: R P Allum
Mrs A Allum





SECRETARY: Mrs A Allum





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 04984771 (England and Wales)





ACCOUNTANTS: Berringers LLP
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

ELITE ELECTRICIANS LIMITED (REGISTERED NUMBER: 04984771)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 327,479 346,467

CURRENT ASSETS
Stocks 253,000 253,000
Debtors 5 655,528 611,029
Cash at bank 919,926 277,559
1,828,454 1,141,588
CREDITORS
Amounts falling due within one year 6 1,058,379 807,244
NET CURRENT ASSETS 770,075 334,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,097,554

680,811

CREDITORS
Amounts falling due after more than one
year

7

569,476

501,046
NET ASSETS 528,078 179,765

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 527,968 179,655
SHAREHOLDERS' FUNDS 528,078 179,765

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

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

ELITE ELECTRICIANS LIMITED (REGISTERED NUMBER: 04984771)

BALANCE SHEET - continued
31 March 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 6 August 2024 and were signed on its behalf by:





R P Allum - Director


ELITE ELECTRICIANS LIMITED (REGISTERED NUMBER: 04984771)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Elite Electricians 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - Straight line over 50 years
Plant and machinery - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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 ELECTRICIANS LIMITED (REGISTERED NUMBER: 04984771)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2023 347,453 92,963 440,416
Additions - 8,193 8,193
At 31 March 2024 347,453 101,156 448,609
DEPRECIATION
At 1 April 2023 20,847 73,102 93,949
Charge for year 6,949 20,232 27,181
At 31 March 2024 27,796 93,334 121,130
NET BOOK VALUE
At 31 March 2024 319,657 7,822 327,479
At 31 March 2023 326,606 19,861 346,467

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 531,862 513,231
Other debtors 123,666 97,798
655,528 611,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 163,572 182,911
Trade creditors 176,533 359,288
Taxation and social security 347,484 226,688
Other creditors 370,790 38,357
1,058,379 807,244

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 306,513 225,677
Other creditors 262,963 275,369
569,476 501,046

ELITE ELECTRICIANS LIMITED (REGISTERED NUMBER: 04984771)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 188,183 200,452

There is a fixed charge in place on the mortgage received from Marman Ltd

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, the director owed to the company £52,640 which was repaid to the company within nine months of the year end

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ELITE ELECTRICIANS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elite Electricians Limited for the year ended 31 March 2024 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Elite Electricians Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elite Electricians Limited and state those matters that we have agreed to state to the Board of Directors of Elite Electricians Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elite Electricians Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Elite Electricians Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Elite Electricians Limited. You consider that Elite Electricians Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Elite Electricians Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Berringers LLP
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


6 August 2024