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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
Page
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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
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Elite Services Group Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
282,923 
271,107 
Current assets
Inventories
15,000 
- 
Debtors
34,769 
176,238 
Cash at bank and in hand
209,141 
204,724 
258,910 
380,962 
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)
Net assets
75,555 
147,957 
Capital and reserves
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
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Elite Services Group Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
0% cost
Plant & machinery
25% Cost
Motor vehicles
25% Wdv
Fixtures & fittings
20% Cost
Computer equipment
33% Cost
Other tangible fixed assets
0% Cost
Turnover
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
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.
Pension costs
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
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.
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Elite Services Group Ltd Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
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.
Leased assets
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.
4
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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
23,851 
- 
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 
34,769 
176,238 
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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 
Accruals
21,862 
71 
Deferred income
- 
28,880 
309,385 
295,050 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,500 
33,500 
Obligations under finance leases and hire purchase contracts
129,393 
175,562 
156,893 
209,062 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2,300 Ordinary shares of £1 each
2,300 
2,300 
9
Average number of employees
During the year the average number of employees was 15 (2023: 15).
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