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REGISTERED NUMBER: 05320015 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Elite Aircraft Consulting Limited

Elite Aircraft Consulting Limited (Registered number: 05320015)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elite Aircraft Consulting Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Doherty
N S Menoni





SECRETARY: Mrs C Doherty





REGISTERED OFFICE: Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS





REGISTERED NUMBER: 05320015 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Elite Aircraft Consulting Limited (Registered number: 05320015)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 278 370

CURRENT ASSETS
Debtors 5 13,369 7,154
Cash at bank 11,656 15,771
25,025 22,925
CREDITORS
Amounts falling due within one year 6 (781 ) (746 )
NET CURRENT ASSETS 24,244 22,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,522

22,549

CAPITAL AND RESERVES
Called up share capital 58,000 58,000
Retained earnings 7 (33,478 ) (35,451 )
SHAREHOLDERS' FUNDS 24,522 22,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Aircraft Consulting Limited (Registered number: 05320015)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





M Doherty - Director


Elite Aircraft Consulting Limited (Registered number: 05320015)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Elite Aircraft Consulting Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.Company makes gross contributions into directors personal pension scheme.

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

3. EMPLOYEES AND DIRECTORS

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

Elite Aircraft Consulting Limited (Registered number: 05320015)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 404
DEPRECIATION
At 1 January 2023 34
Charge for year 92
At 31 December 2023 126
NET BOOK VALUE
At 31 December 2023 278
At 31 December 2022 370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 13,369 7,154

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accrued expenses 781 746

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. RESERVES
Retained
earnings
£   

At 1 January 2023 (35,451 )
Profit for the year 1,973
At 31 December 2023 (33,478 )

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

Elite Aircraft Consulting Limited (Registered number: 05320015)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M Doherty
Balance outstanding at start of year 7,155 (5,546 )
Amounts advanced 20,735 28,616
Amounts repaid (14,519 ) (15,915 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,371 7,155

The Directors loan will be repaid within 9 months.