2022-12-232024-01-312024-01-31false14556172ELITE MC MANAGED SERVICES 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ELITE MC MANAGED SERVICES LTD

Registered Number
14556172
(England and Wales)

Unaudited Financial Statements for the Period ended
31 January 2024

ELITE MC MANAGED SERVICES LTD
Company Information
for the period from 23 December 2022 to 31 January 2024

Directors

DREWETT, Michael Charles
DREWETT, Michele

Registered Address

1 Gemini Court
42a Throwley Way
Sutton
SM1 4AF

Registered Number

14556172 (England and Wales)
ELITE MC MANAGED SERVICES LTD
Statement of Financial Position
31 January 2024

Notes

2024

£

£

Fixed assets
Tangible assets314,505
14,505
Current assets
Debtors47,479
Cash at bank and on hand23,654
31,133
Creditors amounts falling due within one year5(28,497)
Net current assets (liabilities)2,636
Total assets less current liabilities17,141
Creditors amounts falling due after one year6(13,548)
Net assets3,593
Capital and reserves
Called up share capital1
Profit and loss account3,592
Shareholders' funds3,593
The financial statements were approved and authorised for issue by the Board of Directors on 3 September 2024, and are signed on its behalf by:
DREWETT, Michael Charles
Director
DREWETT, Michele
Director

Registered Company No. 14556172
ELITE MC MANAGED SERVICES LTD
Notes to the Financial Statements
for the period ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. 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.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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:

Reducing balance (%)
Plant and machinery25
Vehicles25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

2024
Average number of employees during the year1
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
Additions59618,74519,341
At 31 January 2459618,74519,341
Depreciation and impairment
Charge for year1504,6864,836
At 31 January 241504,6864,836
Net book value
At 31 January 2444614,05914,505
At 22 December 22---
4.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables7,479
Total7,479
5.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables9,910
Taxation and social security5,965
Finance lease and HP contracts2,331
Other creditors8,337
Accrued liabilities and deferred income1,954
Total28,497
6.Creditors: amounts due after one year

2024

£
Other creditors13,548
Total13,548
7.Obligations under finance leases

2024

£
Finance lease and HP contracts13,548