ELITE BROKERS LTD

Company Registration Number:
12504266 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

ELITE BROKERS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ELITE BROKERS LTD

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 6,325,748 3,894,587
Cost of sales: ( 3,981,745 ) ( 2,274,119 )
Gross profit(or loss): 2,344,003 1,620,468
Distribution costs: ( 215,868 ) ( 174,584 )
Administrative expenses: ( 652,154 ) ( 395,414 )
Operating profit(or loss): 1,475,981 1,050,470
Profit(or loss) before tax: 1,475,981 1,050,470
Tax: ( 351,287 ) ( 199,589 )
Profit(or loss) for the financial year: 1,124,694 850,881

ELITE BROKERS LTD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 958,745 726,598
Total fixed assets: 958,745 726,598
Current assets
Stocks: 4 1,126,588 596,354
Debtors: 5 989,895 467,798
Cash at bank and in hand: 251,543 166,306
Total current assets: 2,368,026 1,230,458
Creditors: amounts falling due within one year: 6 ( 557,006 ) ( 311,985 )
Net current assets (liabilities): 1,811,020 918,473
Total assets less current liabilities: 2,769,765 1,645,071
Total net assets (liabilities): 2,769,765 1,645,071
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,769,764 1,645,070
Total Shareholders' funds: 2,769,765 1,645,071

The notes form part of these financial statements

ELITE BROKERS LTD

Balance sheet statements

For the year ending 31 March 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.

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.

This report was approved by the board of directors on 2 December 2024
and signed on behalf of the board by:

Name: ROBERT CULLEN
Status: Director

The notes form part of these financial statements

ELITE BROKERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

ELITE BROKERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 18 11

ELITE BROKERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 461,796 77,295 74,086 68,160 200,502 881,839
Additions 39,847 45,149 89,555 197,864 372,415
Disposals
Revaluations
Transfers
At 31 March 2024 461,796 117,142 119,235 157,715 398,366 1,254,254
Depreciation
At 1 April 2023 23,615 29,117 28,645 73,864 155,241
Charge for year 23,428 17,885 23,657 75,298 140,268
On disposals
Other adjustments
At 31 March 2024 47,043 47,002 52,302 149,162 295,509
Net book value
At 31 March 2024 461,796 70,099 72,233 105,413 249,204 958,745
At 31 March 2023 461,796 53,680 44,969 39,515 126,638 726,598

ELITE BROKERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 1,126,588 596,354
Total 1,126,588 596,354

ELITE BROKERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 989,895 467,798
Total 989,895 467,798

ELITE BROKERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 157,198 112,396
Taxation and social security 399,808 199,589
Total 557,006 311,985