Company Registration No. 13232667 (England and Wales)
Elite Rendering & Plastering Ltd
Unaudited accounts
for the year ended 29 February 2024
Elite Rendering & Plastering Ltd
Unaudited accounts
Contents
Elite Rendering & Plastering Ltd
Company Information
for the year ended 29 February 2024
Directors
Josh Lee Gahan
Richard Wooler
Company Number
13232667 (England and Wales)
Registered Office
21 NORTH BRIDGE STREET
SUNDERLAND
SR5 1AB
ENGLAND
Accountants
Genesis Accountants
G27 Amber Court
William Armstrong Drive
Newcastle Upon Tyne
NE4 7YA
Elite Rendering & Plastering Ltd
Accountants' report
Accountants' report to the board of directors of Elite Rendering & Plastering Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 29 February 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 29 February 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Genesis Accountants
G27 Amber Court
William Armstrong Drive
Newcastle Upon Tyne
NE4 7YA
18 March 2024
Elite Rendering & Plastering Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
109,182
46,629
Cash at bank and in hand
1,722
2,306
Creditors: amounts falling due within one year
(115,143)
(43,193)
Net current liabilities
(106,180)
(34,696)
Called up share capital
100
100
Profit and loss account
2,902
11,833
Shareholders' funds
3,002
11,933
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by
Josh Lee Gahan
Director
Company Registration No. 13232667
Elite Rendering & Plastering Ltd
Notes to the Accounts
for the year ended 29 February 2024
Elite Rendering & Plastering Ltd is a private company, limited by shares, registered in England and Wales, registration number 13232667. The registered office is 21 NORTH BRIDGE STREET, SUNDERLAND, SR5 1AB, 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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
1,663
60,278
61,941
At 29 February 2024
1,663
145,678
147,341
At 1 March 2023
727
14,585
15,312
Charge for the year
234
22,613
22,847
At 29 February 2024
961
37,198
38,159
At 29 February 2024
702
108,480
109,182
At 28 February 2023
936
45,693
46,629
Elite Rendering & Plastering Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
29,855
16,975
Taxes and social security
8,861
6,349
Loans from directors
76,427
19,869
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).