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ELITECO MULTITRADE CONTRACTS LTD

Registered Number
SC745634
(Scotland)

Unaudited Financial Statements for the Period ended
30 September 2023

ELITECO MULTITRADE CONTRACTS LTD
Company Information
for the period from 28 September 2022 to 30 September 2023

Director

FERRIS, Ross

Registered Address

18 Hopeman
Erskine
PA8 6EU

Registered Number

SC745634 (Scotland)
ELITECO MULTITRADE CONTRACTS LTD
Balance Sheet as at
30 September 2023

Notes

2023

£

£

Fixed assets
Tangible assets311,606
11,606
Creditors amounts falling due within one year4(25,875)
Net current assets (liabilities)(25,875)
Total assets less current liabilities(14,269)
Net assets(14,269)
Capital and reserves
Profit and loss account(14,269)
Shareholders' funds(14,269)
The financial statements were approved and authorised for issue by the Director on 26 July 2024, and are signed on its behalf by:
FERRIS, Ross
Director
Registered Company No. SC745634
ELITECO MULTITRADE CONTRACTS LTD
Notes to the Financial Statements
for the period ended 30 September 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

2023
Average number of employees during the year0
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
Additions15,47515,475
At 30 September 2315,47515,475
Depreciation and impairment
Charge for year3,8693,869
At 30 September 233,8693,869
Net book value
At 30 September 2311,60611,606
At 27 September 22--
4.Creditors: amounts due within one year

2023

£
Bank borrowings and overdrafts25,875
Total25,875