Company Registration No. 10760463 (England and Wales)
ELITE COACHES LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
LB GROUP
The Octagon Suite E2
2nd Floor Middleborough
Colchester
Essex
CO1 1TG
ELITE COACHES LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
ELITE COACHES LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
-
-
Creditors: amounts falling due within one year
3
(17,967)
(17,967)
Net current liabilities
(17,967)
(17,967)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(18,067)
(18,067)
Total equity
(17,967)
(17,967)

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 2 December 2024 and are signed on its behalf by:
Mr Christopher Shadbolt
Director
Company registration number 10760463 (England and Wales)
ELITE COACHES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

Elite Coaches Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Hemisphere House, 53-56 White House Road, Ipswich, Suffolk, UK, IP1 5PB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of signing the balance sheet. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

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

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
ELITE COACHES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
3
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
17,967
17,967
2024-05-312023-06-01true02 December 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMiss Samantha BettsMr Christopher Shadboltfalsefalse107604632023-06-012024-05-31107604632024-05-3110760463core:CurrentFinancialInstrumentscore:WithinOneYear2024-05-3110760463core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-31107604632023-05-3110760463core:ShareCapital2024-05-3110760463core:ShareCapital2023-05-3110760463core:RetainedEarningsAccumulatedLosses2024-05-3110760463core:RetainedEarningsAccumulatedLosses2023-05-3110760463bus:Director22023-06-012024-05-31107604632022-06-012023-05-3110760463core:CurrentFinancialInstruments2024-05-3110760463core:CurrentFinancialInstruments2023-05-3110760463bus:EntityNoLongerTradingButTradedInPast2023-06-012024-05-3110760463bus:PrivateLimitedCompanyLtd2023-06-012024-05-3110760463bus:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110760463bus:FRS1022023-06-012024-05-3110760463bus:AuditExemptWithAccountantsReport2023-06-012024-05-3110760463bus:Director12023-06-012024-05-3110760463bus:FullAccounts2023-06-012024-05-31xbrli:purexbrli:sharesiso4217:GBP