Company Registration No. 09507288 (England and Wales)
Elite Services Group Ltd
Unaudited accounts
for the year ended 31 March 2024
Elite Services Group Ltd
Unaudited accounts
Contents
Elite Services Group Ltd
Company Information
for the year ended 31 March 2024
Directors
Mr B R Clark
Mr J W Clark
Mr T W Foster
Mr J D Procter
Company Number
09507288 (England and Wales)
Registered Office
Elite Services Group Ltd
58-60 Beck Bank
Cottingham
HU16 4LH
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Elite Services Group Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
282,923
271,107
Cash at bank and in hand
209,141
204,724
Creditors: amounts falling due within one year
(309,385)
(295,050)
Net current (liabilities)/assets
(50,475)
85,912
Total assets less current liabilities
232,448
357,019
Creditors: amounts falling due after more than one year
(156,893)
(209,062)
Called up share capital
2,300
2,300
Profit and loss account
73,255
145,657
Shareholders' funds
75,555
147,957
For the year ending 31 March 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 15 October 2024 and were signed on its behalf by
Mr B R Clark
Director
Company Registration No. 09507288
Elite Services Group Ltd
Notes to the Accounts
for the year ended 31 March 2024
Elite Services Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 09507288. The registered office is Elite Services Group Ltd, 58-60 Beck Bank, Cottingham, HU16 4LH.
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% Cost
Fixtures & fittings
20% Cost
Computer equipment
33% Cost
Other tangible fixed assets
0% Cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Elite Services Group Ltd
Notes to the Accounts
for the year ended 31 March 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
31,642
300,670
6,558
49,323
388,193
Additions
3,647
111,157
19,174
11,254
145,232
Disposals
-
(63,900)
-
-
(63,900)
At 31 March 2024
35,289
347,927
25,732
60,577
469,525
At 1 April 2023
21,089
64,614
2,366
29,017
117,086
Charge for the year
8,429
57,774
1,795
18,538
86,536
On disposals
-
(17,020)
-
-
(17,020)
At 31 March 2024
29,518
105,368
4,161
47,555
186,602
At 31 March 2024
5,771
242,559
21,571
13,022
282,923
At 31 March 2023
10,553
236,056
4,192
20,306
271,107
Amounts falling due within one year
Trade debtors
7,966
150,494
Amounts due from group undertakings etc.
36
-
Accrued income and prepayments
1,041
467
Other debtors
1,875
25,277
Elite Services Group Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,000
6,000
Obligations under finance leases and hire purchase contracts
42,581
37,245
Trade creditors
162,191
120,163
Taxes and social security
9,710
37,296
Other creditors
55,303
26,588
Loans from directors
11,738
38,807
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
129,393
175,562
Allotted, called up and fully paid:
2,300 Ordinary shares of £1 each
2,300
2,300
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Average number of employees
During the year the average number of employees was 15 (2023: 15).