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REGISTERED NUMBER: 08844489 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ELITE PAVE LTD

ELITE PAVE LTD (REGISTERED NUMBER: 08844489)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELITE PAVE LTD

COMPANY INFORMATION
For The Year Ended 31 JANUARY 2024







DIRECTORS: Mr I Iqbal
Mrs A Iqbal



SECRETARY:



REGISTERED OFFICE: Unit 5
329 London Road
Hemel Hempstead
Hertfordshire
HP3 9AL



REGISTERED NUMBER: 08844489 (England and Wales)



ACCOUNTANTS: Visana Chartered Accountants
45 Greenways
Abbots Langley
Hertfordshire
WD5 0EU



BUSINESS ADDRESS: Unit 5
329 London Road
Hemel Hempstead
Herts
HP3 9AL

ELITE PAVE LTD (REGISTERED NUMBER: 08844489)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 246,894 236,803

CURRENT ASSETS
Debtors 5 135,583 37,031
Cash at bank 48,392 133
183,975 37,164
CREDITORS
Amounts falling due within one year 6 158,904 8,900
NET CURRENT ASSETS 25,071 28,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,965

265,067

CREDITORS
Amounts falling due after more than one
year

7

191,395

174,557
NET ASSETS 80,570 90,510

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 80,470 90,410
SHAREHOLDERS' FUNDS 80,570 90,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 PAVE LTD (REGISTERED NUMBER: 08844489)

BALANCE SHEET - continued
31 JANUARY 2024


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 30 October 2024 and were signed on its behalf by:





Mr I Iqbal - Director


ELITE PAVE LTD (REGISTERED NUMBER: 08844489)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 JANUARY 2024

1. STATUTORY INFORMATION

Elite Pave Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures, fittings & Equipment - 15% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Plant and fittings
machinery & Equipment Totals
£    £    £   
COST
At 1 February 2023 349,232 36,696 385,928
Additions 38,151 - 38,151
At 31 January 2024 387,383 36,696 424,079
DEPRECIATION
At 1 February 2023 123,945 25,180 149,125
Charge for year 26,340 1,720 28,060
At 31 January 2024 150,285 26,900 177,185
NET BOOK VALUE
At 31 January 2024 237,098 9,796 246,894
At 31 January 2023 225,287 11,516 236,803

ELITE PAVE LTD (REGISTERED NUMBER: 08844489)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed by associates 135,583 37,031

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
VAT 480 3,755
PAYE - 3,517
Other Loans - 1,104
Directors' current accounts 8,424 524
Payments Received in Advance 150,000 -
158,904 8,900

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 50,196 55,465
Bank Loan 22,605 33,324
Loan Creditor 118,594 85,768
191,395 174,557

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary 100 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2023 90,410
Deficit for the year (9,940 )
At 31 January 2024 80,470