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Company Registration No. 13329302 (England and Wales)
Elite Plumbing And Construction Ltd Unaudited accounts for the year ended 31 March 2024
Elite Plumbing And Construction Ltd Unaudited accounts Contents
Page
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Elite Plumbing And Construction Ltd Company Information for the year ended 31 March 2024
Director
Daniel Bull
Company Number
13329302 (England and Wales)
Registered Office
38 Burr Street Dunstable Bedfordshire LU6 3AG England
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Elite Plumbing And Construction Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,837 
7,826 
Current assets
Inventories
2,500 
2,000 
Debtors
6,938 
7,966 
Cash at bank and in hand
11,968 
11,706 
21,406 
21,672 
Creditors: amounts falling due within one year
(41,702)
(28,846)
Net current liabilities
(20,296)
(7,174)
Total assets less current liabilities
19,541 
652 
Creditors: amounts falling due after more than one year
(18,153)
- 
Net assets
1,388 
652 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,386 
650 
Shareholders' funds
1,388 
652 
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 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 24 July 2024 and were signed on its behalf by
Daniel Bull Director Company Registration No. 13329302
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Elite Plumbing And Construction Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Elite Plumbing And Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 13329302. The registered office is 38 Burr Street, Dunstable, Bedfordshire, LU6 3AG, 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.
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.
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:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
5,000 
7,079 
12,079 
Additions
70,965 
- 
70,965 
Disposals
(28,995)
- 
(28,995)
At 31 March 2024
46,970 
7,079 
54,049 
Depreciation
At 1 April 2023
1,800 
2,453 
4,253 
Charge for the year
9,034 
925 
9,959 
At 31 March 2024
10,834 
3,378 
14,212 
Net book value
At 31 March 2024
36,136 
3,701 
39,837 
At 31 March 2023
3,200 
4,626 
7,826 
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Elite Plumbing And Construction Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,520 
7,548 
Other debtors
418 
418 
6,938 
7,966 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,488 
7,116 
VAT
4,421 
6,032 
Obligations under finance leases and hire purchase contracts
12,996 
- 
Taxes and social security
6,490 
10,391 
Loans from directors
4,566 
4,566 
Accruals
1,741 
741 
41,702 
28,846 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
18,153 
- 
8
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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