2023-04-01 2024-03-31 11277820 ELITE HIGHWAYS LTD false 11277820 2023-04-01 2024-03-31 11277820 uk-bus:Director1 2023-04-01 2024-03-31 11277820 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11277820 uk-bus:SmallEntities 2023-04-01 2024-03-31 11277820 uk-bus:FullAccounts 2023-04-01 2024-03-31 11277820 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11277820 2023-04-01 11277820 2024-03-31 11277820 2023-03-31 xbrli:pure iso4217:GBP 11277820 2022-04-01 2023-03-31
Company Registration Number : 11277820 (England and Wales)
11277820
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-03-31
false
ELITE HIGHWAYS LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-04-01
ELITE HIGHWAYS LTD
Unaudited filleted financial statements
For the year ended 31 March 2024
ELITE HIGHWAYS LTD
Contents
For the year ended 31 March 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


ELITE HIGHWAYS LTD
Company Information
For the year ended 31 March 2024

Company registration number 11277820 (England and Wales)
Director Matthew David LINDSAY
Registered office address Unit 3 Barrowfield Road
Thurnscoe
Rotherham
S63 0BF
Accountant Zoo Accounting & Business Solutions Ltd
3 Arrow Court, Adams Way
Springfield Business Park, Alcester
B49 6PU
ELITE HIGHWAYS LTD
Statement of Financial Position
For the year ended 31 March 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 116,312 71,502
7 116,312 71,502
Current assets
Inventories - 19,892
Debtors 584,635 214,745
Cash and cash equivalents 4,875 10,951
589,510 245,588
Current liabilities
Creditors: Amounts falling due within one year (183,131) (56,869)
Corporation tax payable (69,353) (69,353)
(252,484) (126,221)
Net current assets/(liabilities) 337,027 119,367
Total assets less current liabilities 453,338 190,869
Non-current liabilities
Creditors: Amounts falling due after more than one year (441,996) (31,261)
Provision for liabilities - (13,585)
Net assets/(liabilities) 11,342 146,023
Capital and reserves
Called up share capital 2 2
Retained earnings 11,340 146,021
Shareholder's funds 11,342 146,023
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 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 their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 31 May 2024
.............................
Matthew David LINDSAY (Director)
Company registration number: 11277820
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-03-31 31 March 2024
2024 2023
£ £
Fixed Assets 116,312 71,502
Current Assets 585,057 241,137
Prepayments and accrued income 4,454 4,452
Creditors: amounts falling due within one year (252,484) (126,221)
Net current assets (liabilities) 337,027 119,367
Total assets less current liabilities 453,338 190,869
CREDITORS: Amounts falling due more than one year (441,996) (31,261)
Provisions for liabilities 0 (13,585)
Net Assets (liabilities) 11,342 146,023
Capital and Reserves 11,342 146,023
For the year ending 3/31/2024 the company was entitled to exemption 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. For the year ending 31-03-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 31 May 2024 2024-05-23 and signed on behalf of the board,
.............................
Matthew David LINDSAY
Director
Company registration number: 11277820
ELITE HIGHWAYS LTD
Notes to the Financial Statements
For the year ended 31 March 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Unit 3 Barrowfield Road, Thurnscoe, Rotherham, S63 0BF.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery25% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings25% reducing balance
Equipment33% straight line
Motor Cars25% reducing balance
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of come and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Employees
During the year, the average number of employees including director was 6 (2023 : 6).

(5) Related party transactions
Elite Civils and constructions Limited is related party by the virtue of having same directors and shareholders. The balance outstanding from this relating party was £398,805 as on 31st March 2024.
Elite Holding Limited balance was £2,532 as on 31st March 2024.

(6) Directors advances, credit and guarantees
Included within debtors are the following loan to director : £139,334

The above loan is unsecured, interest free and repayable on demand.

(7) Fixed assets
Tangible

£
Cost
As at 01 April 2023181,677
Additions80,887
Disposals(96,089)
As at 31 March 2024166,475
Depreciation/Amortisation
As at 01 April 202331,321
For the year18,843
As at 31 March 202450,164
Net book value
As at 31 March 2024116,311
As at 31 March 2023150,356