2023-10-012024-09-302024-09-30false07010897ELITE MANAGED SERVICES LIMITED2025-01-1082990falseiso4217:GBPxbrli:pure070108972023-10-01070108972024-09-30070108972023-10-012024-09-30070108972022-10-01070108972023-09-30070108972022-10-012023-09-3007010897bus:SmallEntities2023-10-012024-09-3007010897bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3007010897bus:FullAccounts2023-10-012024-09-3007010897bus:PrivateLimitedCompanyLtd2023-10-012024-09-3007010897core:WithinOneYear2024-09-3007010897core:AfterOneYear2024-09-3007010897core:WithinOneYear2023-09-3007010897core:AfterOneYear2023-09-3007010897core:ShareCapital2024-09-3007010897core:SharePremium2024-09-3007010897core:RevaluationReserve2024-09-3007010897core:OtherReservesSubtotal2024-09-3007010897core:RetainedEarningsAccumulatedLosses2024-09-3007010897core:ShareCapital2023-09-3007010897core:SharePremium2023-09-3007010897core:RevaluationReserve2023-09-3007010897core:OtherReservesSubtotal2023-09-3007010897core:RetainedEarningsAccumulatedLosses2023-09-3007010897core:LandBuildings2024-09-3007010897core:PlantMachinery2024-09-3007010897core:Vehicles2024-09-3007010897core:FurnitureFittings2024-09-3007010897core:OfficeEquipment2024-09-3007010897core:NetGoodwill2024-09-3007010897core:IntangibleAssetsOtherThanGoodwill2024-09-3007010897core:ListedExchangeTraded2024-09-3007010897core:UnlistedNon-exchangeTraded2024-09-3007010897core:LandBuildings2023-09-3007010897core:PlantMachinery2023-09-3007010897core:Vehicles2023-09-3007010897core:FurnitureFittings2023-09-3007010897core:OfficeEquipment2023-09-3007010897core:NetGoodwill2023-09-3007010897core:IntangibleAssetsOtherThanGoodwill2023-09-3007010897core:ListedExchangeTraded2023-09-3007010897core:UnlistedNon-exchangeTraded2023-09-3007010897core:LandBuildings2023-10-012024-09-3007010897core:PlantMachinery2023-10-012024-09-3007010897core:Vehicles2023-10-012024-09-3007010897core:FurnitureFittings2023-10-012024-09-3007010897core:OfficeEquipment2023-10-012024-09-3007010897core:NetGoodwill2023-10-012024-09-3007010897core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3007010897core:ListedExchangeTraded2023-10-012024-09-3007010897core:UnlistedNon-exchangeTraded2023-10-012024-09-3007010897core:MoreThanFiveYears2023-10-012024-09-3007010897core:Non-currentFinancialInstruments2024-09-3007010897core:Non-currentFinancialInstruments2023-09-3007010897dpl:CostSales2023-10-012024-09-3007010897dpl:DistributionCosts2023-10-012024-09-3007010897core:LandBuildings2023-10-012024-09-3007010897core:PlantMachinery2023-10-012024-09-3007010897core:Vehicles2023-10-012024-09-3007010897core:FurnitureFittings2023-10-012024-09-3007010897core:OfficeEquipment2023-10-012024-09-3007010897dpl:AdministrativeExpenses2023-10-012024-09-3007010897core:NetGoodwill2023-10-012024-09-3007010897core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3007010897dpl:GroupUndertakings2023-10-012024-09-3007010897dpl:ParticipatingInterests2023-10-012024-09-3007010897dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-09-3007010897core:ListedExchangeTraded2023-10-012024-09-3007010897dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-09-3007010897core:UnlistedNon-exchangeTraded2023-10-012024-09-3007010897dpl:CostSales2022-10-012023-09-3007010897dpl:DistributionCosts2022-10-012023-09-3007010897core:LandBuildings2022-10-012023-09-3007010897core:PlantMachinery2022-10-012023-09-3007010897core:Vehicles2022-10-012023-09-3007010897core:FurnitureFittings2022-10-012023-09-3007010897core:OfficeEquipment2022-10-012023-09-3007010897dpl:AdministrativeExpenses2022-10-012023-09-3007010897core:NetGoodwill2022-10-012023-09-3007010897core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3007010897dpl:GroupUndertakings2022-10-012023-09-3007010897dpl:ParticipatingInterests2022-10-012023-09-3007010897dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3007010897core:ListedExchangeTraded2022-10-012023-09-3007010897dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3007010897core:UnlistedNon-exchangeTraded2022-10-012023-09-3007010897core:NetGoodwill2024-09-3007010897core:IntangibleAssetsOtherThanGoodwill2024-09-3007010897core:LandBuildings2024-09-3007010897core:PlantMachinery2024-09-3007010897core:Vehicles2024-09-3007010897core:FurnitureFittings2024-09-3007010897core:OfficeEquipment2024-09-3007010897core:AfterOneYear2024-09-3007010897core:WithinOneYear2024-09-3007010897core:ListedExchangeTraded2024-09-3007010897core:UnlistedNon-exchangeTraded2024-09-3007010897core:ShareCapital2024-09-3007010897core:SharePremium2024-09-3007010897core:RevaluationReserve2024-09-3007010897core:OtherReservesSubtotal2024-09-3007010897core:RetainedEarningsAccumulatedLosses2024-09-3007010897core:NetGoodwill2023-09-3007010897core:IntangibleAssetsOtherThanGoodwill2023-09-3007010897core:LandBuildings2023-09-3007010897core:PlantMachinery2023-09-3007010897core:Vehicles2023-09-3007010897core:FurnitureFittings2023-09-3007010897core:OfficeEquipment2023-09-3007010897core:AfterOneYear2023-09-3007010897core:WithinOneYear2023-09-3007010897core:ListedExchangeTraded2023-09-3007010897core:UnlistedNon-exchangeTraded2023-09-3007010897core:ShareCapital2023-09-3007010897core:SharePremium2023-09-3007010897core:RevaluationReserve2023-09-3007010897core:OtherReservesSubtotal2023-09-3007010897core:RetainedEarningsAccumulatedLosses2023-09-3007010897core:NetGoodwill2022-10-0107010897core:IntangibleAssetsOtherThanGoodwill2022-10-0107010897core:LandBuildings2022-10-0107010897core:PlantMachinery2022-10-0107010897core:Vehicles2022-10-0107010897core:FurnitureFittings2022-10-0107010897core:OfficeEquipment2022-10-0107010897core:AfterOneYear2022-10-0107010897core:WithinOneYear2022-10-0107010897core:ListedExchangeTraded2022-10-0107010897core:UnlistedNon-exchangeTraded2022-10-0107010897core:ShareCapital2022-10-0107010897core:SharePremium2022-10-0107010897core:RevaluationReserve2022-10-0107010897core:OtherReservesSubtotal2022-10-0107010897core:RetainedEarningsAccumulatedLosses2022-10-0107010897core:AfterOneYear2023-10-012024-09-3007010897core:WithinOneYear2023-10-012024-09-3007010897core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-09-3007010897core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-09-3007010897core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-09-3007010897core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-09-3007010897core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-09-3007010897core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-09-3007010897core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3007010897core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3007010897core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3007010897core:Non-currentFinancialInstrumentscore:CostValuation2024-09-3007010897core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-3007010897core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-3007010897core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-3007010897core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-3007010897core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-3007010897core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-3007010897core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-3007010897core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-3007010897core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3007010897core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3007010897core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3007010897core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3007010897core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3007010897core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3007010897core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3007010897core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3007010897core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3007010897bus:Director12023-10-012024-09-3007010897bus:Director22023-10-012024-09-3007010897bus:Director32023-10-012024-09-3007010897bus:Director42023-10-012024-09-30

ELITE MANAGED SERVICES LIMITED

Registered Number
07010897
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

ELITE MANAGED SERVICES LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

BOWMAN, Daniel Lee
IVESON, Andrew
IVESON, Melanie Jane
RUSHWORTH, Allan

Registered Address

Bay House
Browgate
Baildon
BD17 6BY

Registered Number

07010897 (England and Wales)
ELITE MANAGED SERVICES LIMITED
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks347,23945,857
Debtors4922,746953,361
Cash at bank and on hand210,08263,111
1,180,0671,062,329
Creditors amounts falling due within one year5(527,135)(427,457)
Net current assets (liabilities)652,932634,872
Total assets less current liabilities652,932634,872
Creditors amounts falling due after one year6(20,000)(50,000)
Net assets632,932584,872
Capital and reserves
Called up share capital1,0001,000
Profit and loss account631,932583,872
Shareholders' funds632,932584,872
The financial statements were approved and authorised for issue by the Board of Directors on 10 January 2025, and are signed on its behalf by:
IVESON, Andrew
Director
Registered Company No. 07010897
ELITE MANAGED SERVICES LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone. The parent company is Elite Property and Facilities Group Limited, a company incorporated in England and Wales, company number 09386545.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Borrowing costs
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Government grants or assistance
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Income Statement at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.
2.Average number of employees

20242023
Average number of employees during the year1916
3.Stocks

2024

2023

££
Work in progress38,01335,329
Other stocks9,22610,528
Total47,23945,857
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables195,026194,099
Amounts owed by group undertakings713,235750,557
Prepayments and accrued income14,4858,705
Total922,746953,361
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables292,082205,373
Bank borrowings and overdrafts30,00030,000
Amounts owed to related parties13,707-
Taxation and social security135,742179,265
Other creditors7,5646,918
Accrued liabilities and deferred income48,0405,901
Total527,135427,457
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The bank borrowings relate to a government-backed bounce-back loan and as such, it is unsecured.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts20,00050,000
Total20,00050,000
The bank borrowings relate to a government-backed bounce-back loan and as such, it is unsecured.
7.Operating lease commitments
At 30 September 2024, the company had future minimum lease payments under non-cancellable operating leases of £276,341 (2023: £324,419).
8.Related party transactions
Related party transactions During the period, the company sold goods and services amounting to £80,189 (2023 - £217,996) to related undertakings . The company also made purchases from these companies totalling £290,722 (2023 - £300,350). These companies are related as they have common directors. At the period end, the company was owed £666,316 (2023 - £728,603) from these companies.