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
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
Elite Motors Group Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
118,106
155,329
Inventories
370,000
330,000
Cash at bank and in hand
11,027
4,169
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)
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
Elite Motors Group Ltd
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
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
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
At 30 November 2023
17,860
98,905
1,341
118,106
At 30 November 2022
21,780
131,873
1,676
155,329
Elite Motors Group Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Accrued income and prepayments
298,230
311,500
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,648
18,415
Taxes and social security
20,432
16,878
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
598,550
615,889
8
Average number of employees
During the year the average number of employees was 13 (2022: 13).