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REGISTERED NUMBER: 11325754 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ELITE GARAGE DOORS & REPAIRS LIMITED

ELITE GARAGE DOORS & REPAIRS LIMITED (REGISTERED NUMBER: 11325754)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ELITE GARAGE DOORS & REPAIRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr I M Speight
Mrs L Speight



REGISTERED OFFICE: The Tower
Daltongate Business Centre
Ulverston
Cumbria
LA12 7AJ



REGISTERED NUMBER: 11325754 (England and Wales)



BANKERS: Lloyds Bank plc
121-135 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1HZ

ELITE GARAGE DOORS & REPAIRS LIMITED (REGISTERED NUMBER: 11325754)

ABRIDGED BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,232 16,309

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 59,369 59,069
Cash at bank and in hand 27,607 19,224
88,976 80,293
CREDITORS
Amounts falling due within one year 46,892 30,407
NET CURRENT ASSETS 42,084 49,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,316

66,195

CREDITORS
Amounts falling due after more than one year 6,155 7,892
NET ASSETS 48,161 58,303

CAPITAL AND RESERVES
Called up share capital 6 3 3
Retained earnings 48,158 58,300
SHAREHOLDERS' FUNDS 48,161 58,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ELITE GARAGE DOORS & REPAIRS LIMITED (REGISTERED NUMBER: 11325754)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:





Mr I M Speight - Director


ELITE GARAGE DOORS & REPAIRS LIMITED (REGISTERED NUMBER: 11325754)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Elite Garage Doors & Repairs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services as adjusted for accrued income, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 25,886
DEPRECIATION
At 1 May 2023 9,577
Charge for year 4,077
At 30 April 2024 13,654
NET BOOK VALUE
At 30 April 2024 12,232
At 30 April 2023 16,309

The net book value of tangible fixed assets includes £9,594 (2023 : £12,792) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £3,198
(2023 : £3,198) for the financial year.

ELITE GARAGE DOORS & REPAIRS LIMITED (REGISTERED NUMBER: 11325754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 7,892 9,362

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary £1 2 2
1 Dividend £1 1 1
3 3

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr I M Speight and Mrs L Speight
Balance outstanding at start of year 46,931 49,015
Amounts advanced 44,102 46,931
Amounts repaid (46,931 ) (49,015 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,102 46,931

During the financial year the director was charged £1,013 (2023: £950) interest on the loan which is unsecured and repayable on demand.