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Elite Financial Group Ltd

Registered Number
SC679515
(Scotland)

Unaudited Financial Statements for the Year ended
30 November 2023

Elite Financial Group Ltd
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

Bechelli, Natasha

Registered Address

84 Dundonald Road
Kilmarnock
KA1 1TH

Registered Number

SC679515 (Scotland)
Elite Financial Group Ltd
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors315,000-
Cash at bank and on hand200,622202,578
215,622202,578
Creditors amounts falling due within one year4(9,538)(4,791)
Net current assets (liabilities)206,084197,787
Total assets less current liabilities206,084197,787
Creditors amounts falling due after one year5(144,954)(177,264)
Net assets61,13020,523
Capital and reserves
Called up share capital100100
Profit and loss account61,03020,423
Shareholders' funds61,13020,523
The financial statements were approved and authorised for issue by the Director on 5 August 2024, and are signed on its behalf by:
Bechelli, Natasha
Director
Registered Company No. SC679515
Elite Financial Group Ltd
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
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.
Going concern
The balance sheet is in a net liability position. However, the director will continue to fund the business to ensure liabilities are paid as they fall due. Therefore, these accounts are prepared on a going concern basis.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2.Average number of employees

20232022
Average number of employees during the year00
3.Debtors: amounts due within one year

2023

2022

££
Other debtors15,000-
Total15,000-
4.Creditors: amounts due within one year

2023

2022

££
Taxation and social security9,5384,791
Total9,5384,791
5.Creditors: amounts due after one year

2023

2022

££
Other creditors144,954177,264
Total144,954177,264