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REGISTERED NUMBER: 08650676 (England and Wales)












Financial Statements

for the Year Ended 31 August 2024

for

ELITE LIFT SOLUTIONS LTD

ELITE LIFT SOLUTIONS LTD (REGISTERED NUMBER: 08650676)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELITE LIFT SOLUTIONS LTD

Company Information
for the Year Ended 31 August 2024







DIRECTOR: P A Edwicker





SECRETARY: P A Edwicker





REGISTERED OFFICE: 8 Itchin Close
West Totton
Southampton
Hampshire
SO40 8TU





REGISTERED NUMBER: 08650676 (England and Wales)





ACCOUNTANTS: Hunter Simmons Ltd
EMP Building
Unit 1, 4 Solent Road
Havant
Portsmouth
Hampshire
PO9 1JH

ELITE LIFT SOLUTIONS LTD (REGISTERED NUMBER: 08650676)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,656 26,037

CURRENT ASSETS
Debtors 5 60,492 52,024
Cash at bank 13,293 43,148
73,785 95,172
CREDITORS
Amounts falling due within one year 6 55,604 83,718
NET CURRENT ASSETS 18,181 11,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,837

37,491

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,737 37,391
SHAREHOLDERS' FUNDS 43,837 37,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2025 and were signed by:



P A Edwicker - Director


ELITE LIFT SOLUTIONS LTD (REGISTERED NUMBER: 08650676)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Elite Lift Solutions Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ELITE LIFT SOLUTIONS LTD (REGISTERED NUMBER: 08650676)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 55,811
Additions 34,401
Disposals (32,345 )
At 31 August 2024 57,867
DEPRECIATION
At 1 September 2023 29,774
Charge for year 10,524
Eliminated on disposal (8,087 )
At 31 August 2024 32,211
NET BOOK VALUE
At 31 August 2024 25,656
At 31 August 2023 26,037

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 57,921 52,024
Other debtors 2,571 -
60,492 52,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,905 31,233
Taxation and social security 8,850 15,637
Other creditors 23,849 36,848
55,604 83,718

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P A Edwicker.