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Company Registration No. 09884231 (England and Wales)
Elite Motors Group Ltd Unaudited accounts for the year ended 30 November 2023
Elite Motors Group Ltd Unaudited accounts Contents
Page
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Elite Motors Group Ltd Company Information for the year ended 30 November 2023
Director
Muhammad Aamer Hashmi
Company Number
09884231 (England and Wales)
Registered Office
ELITE MOTORS GROUP LTD KELHAM STREET DONCASTER SOUTH YORKSHIRE DN1 3RE ENGLAND
Accountants
Axiom Accountants Ltd 42-44 Adelaide Street Bradford West Yorkshire BD5 0EA
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Elite Motors Group Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
118,106 
155,329 
Current assets
Inventories
370,000 
330,000 
Debtors
306,299 
319,569 
Cash at bank and in hand
11,027 
4,169 
687,326 
653,738 
Creditors: amounts falling due within one year
(58,720)
(58,434)
Net current assets
628,606 
595,304 
Total assets less current liabilities
746,712 
750,633 
Creditors: amounts falling due after more than one year
(619,556)
(657,160)
Net assets
127,156 
93,473 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
127,056 
93,373 
Shareholders' funds
127,156 
93,473 
For the year ending 30 November 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 1 August 2024 and were signed on its behalf by
Muhammad Aamer Hashmi Director Company Registration No. 09884231
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Elite Motors Group Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Elite Motors Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 09884231. The registered office is ELITE MOTORS GROUP LTD, KELHAM STREET, DONCASTER, SOUTH YORKSHIRE, DN1 3RE, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
18% Reducing balance
Motor vehicles
15% Straight line
Fixtures & fittings
20% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
73,331 
256,270 
7,571 
337,172 
At 30 November 2023
73,331 
256,270 
7,571 
337,172 
Depreciation
At 1 December 2022
51,551 
124,397 
5,895 
181,843 
Charge for the year
3,920 
32,968 
335 
37,223 
At 30 November 2023
55,471 
157,365 
6,230 
219,066 
Net book value
At 30 November 2023
17,860 
98,905 
1,341 
118,106 
At 30 November 2022
21,780 
131,873 
1,676 
155,329 
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Elite Motors Group Ltd Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
298,230 
311,500 
Other debtors
8,069 
8,069 
306,299 
319,569 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
18,415 
Trade creditors
440 
441 
Taxes and social security
20,432 
16,878 
Accruals
27,200 
22,700 
58,720 
58,434 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,006 
41,271 
Loans from directors
598,550 
615,889 
619,556 
657,160 
8
Average number of employees
During the year the average number of employees was 13 (2022: 13).
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