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REGISTERED NUMBER: 08283780 (England and Wales)












Financial Statements

for the Year Ended 30th November 2023

for

ELITE GROUP LONDON LTD

ELITE GROUP LONDON LTD (REGISTERED NUMBER: 08283780)

Contents of the Financial Statements
for the year ended 30th November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELITE GROUP LONDON LTD

Company Information
for the year ended 30th November 2023







DIRECTOR: S Downes





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 08283780 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

ELITE GROUP LONDON LTD (REGISTERED NUMBER: 08283780)

Balance Sheet
30th November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,298 13,314

CURRENT ASSETS
Debtors 5 5,518 -
Cash at bank 2,971 11,725
8,489 11,725
CREDITORS
Amounts falling due within one year 6 3,642 5,530
NET CURRENT ASSETS 4,847 6,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,145

19,509

CREDITORS
Amounts falling due after more than one year 7 (10,467 ) (12,186 )

PROVISIONS FOR LIABILITIES (2,045 ) (2,406 )
NET ASSETS 3,633 4,917

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 3,632 4,916
SHAREHOLDERS' FUNDS 3,633 4,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 GROUP LONDON LTD (REGISTERED NUMBER: 08283780)

Balance Sheet - continued
30th November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th August 2024 and were signed by:





S Downes - Director


ELITE GROUP LONDON LTD (REGISTERED NUMBER: 08283780)

Notes to the Financial Statements
for the year ended 30th November 2023


1. STATUTORY INFORMATION

ELITE GROUP LONDON LTD 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 GROUP LONDON LTD (REGISTERED NUMBER: 08283780)

Notes to the Financial Statements - continued
for the year ended 30th November 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st December 2022 1,300 12,755 23,056 37,111
Additions - 148 1,602 1,750
At 30th November 2023 1,300 12,903 24,658 38,861
DEPRECIATION
At 1st December 2022 325 10,306 13,166 23,797
Charge for year 244 649 2,873 3,766
At 30th November 2023 569 10,955 16,039 27,563
NET BOOK VALUE
At 30th November 2023 731 1,948 8,619 11,298
At 30th November 2022 975 2,449 9,890 13,314

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Directors' current accounts 5,518 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 1,875 1,875
Tax 59 295
Net wages 220 -
Social security and other taxes 408 -
VAT - 294
Directors' current accounts - 2,094
Accrued expenses 1,080 972
3,642 5,530

ELITE GROUP LONDON LTD (REGISTERED NUMBER: 08283780)

Notes to the Financial Statements - continued
for the year ended 30th November 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans - 1-2 years 1,875 1,875
Bank loans - 2-5 years 5,624 5,624
Bank loans more 5 yr by instal 2,968 4,687
10,467 12,186

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,968 4,687

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The controlling party is S Downes.