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Company Registration No. 14261052 (England and Wales)
Elite Motoring Associates Ltd Unaudited accounts for the year ended 31 July 2024
Elite Motoring Associates Ltd Unaudited accounts Contents
Page
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Elite Motoring Associates Ltd Company Information for the year ended 31 July 2024
Director
Sean Paines
Company Number
14261052 (England and Wales)
Registered Office
4 Cowslip Gardens Stafford Staffordshire ST16 1XG England
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Elite Motoring Associates Ltd Accountants' report
Accountants' report to the director of Elite Motoring Associates Ltd on the preparation of the unaudited statutory accounts for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Elite Motoring Associates Ltd for the year ended 31 July 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Elite Motoring Associates Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Elite Motoring Associates Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elite Motoring Associates Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Elite Motoring Associates Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Elite Motoring Associates Ltd. You consider that Elite Motoring Associates Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Elite Motoring Associates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 12 September 2024
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Elite Motoring Associates Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
835 
553 
Current assets
Debtors
8,898 
3,630 
Cash at bank and in hand
588 
612 
9,486 
4,242 
Creditors: amounts falling due within one year
(9,654)
(4,695)
Net current liabilities
(168)
(453)
Net assets
667 
100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
567 
- 
Shareholders' funds
667 
100 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 12 September 2024 and were signed on its behalf by
Sean Paines Director Company Registration No. 14261052
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Elite Motoring Associates Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Elite Motoring Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 14261052. The registered office is 4 Cowslip Gardens, Stafford, Staffordshire, ST16 1XG, England.
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:
Computer equipment
33% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
571 
Additions
630 
At 31 July 2024
1,201 
Depreciation
At 1 August 2023
18 
Charge for the year
348 
At 31 July 2024
366 
Net book value
At 31 July 2024
835 
At 31 July 2023
553 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
513 
- 
Other debtors
8,385 
3,630 
8,898 
3,630 
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Elite Motoring Associates Ltd Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,031 
2,447 
Other creditors
4,026 
1,600 
Accruals
597 
648 
9,654 
4,695 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Sean Paines
Directors Loan Account
2,714 
(4,860)
(9,100)
6,954 
2,714 
(4,860)
(9,100)
6,954 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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