Registered number
11307384
Elite Selection Auto's Limited
Accounts
30 April 2024
Elite Selection Auto's Limited
Profit and Loss Account
for the year ended 30 April 2024
2024 2023
£ £
Turnover 36,665 30,790
Other income 3 -
Cost of raw materials and consumables (10,077) -
Gross profit 26,591 30,790
Staff costs (3,645) (5,540)
Depreciation and other amounts written off assets (142) (189)
Other charges (1,403) (1,766)
Profit before taxation 21,401 23,295
Tax (4,093) (4,462)
Profit 17,308 18,833
Elite Selection Auto's Limited
Registered number: 11307384
Balance Sheet
as at 30 April 2024
2024 2023
£ £
Fixed assets 425 567
Current assets 4,275 10,078
Creditors: amounts falling due within one year (4,573) (5,326)
Net current (liabilities)/assets (298) 4,752
Total assets less current liabilities 127 5,319
Net assets 127 5,319
Capital and reserves 127 5,319
Number Number
Average number of employees 0 0
During the year, the company advanced au unsecured loan of £3874.00 to the director . The company has charged interest at the official rate of interest. The loan is repayable on demand. The loan is outstanding at year end and included in the current assets (2023: nil).
The company is a private company limited by shares and incorporated in England. Its registered office is 159 Kings Avenue, Greenford, Middlesex UB6 9DE.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Madanjit Bains
Director
Approved by the board on 16 January 2025
Elite Selection Auto's Limited
Detailed profit and loss account items
for the year ended 30 April 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales
Sales 36,665 30,790
Other income
Interest receivable 3 -
Cost of raw materials and consumables
Purchases 10,077 -
Staff costs
Travel and subsistence 3,645 3,726
Motor expenses - 1,814
3,645 5,540
Depreciation and other amounts written off assets
Depreciation 142 189
Other charges
Premises costs:
Use of home 312 312
312 312
General administrative expenses:
Telephone and internet 330 240
Bank charges 132 109
Equipment expensed - 450
Sundry expenses 146 -
608 799
Legal and professional costs:
Accountancy fees 480 480
Advertising and PR - 175
480 655
Other
Interest payable 3 -
3 -
1,403 1,766
Elite Selection Auto's Limited
Detailed balance sheet items
as at 30 April 2024
This schedule does not form part of the statutory accounts and should NOT be sent to HMRC
2024 2023
£ £
Fixed assets
Plant and machinery etc 425 567
Current assets
Stocks - 10,077
Other debtors 3,874 -
Cash at bank and in hand 401 1
4,275 10,078
Creditors: amounts falling due within one year
Corporation tax 4,093 4,462
Other creditors 480 864
4,573 5,326
Capital and reserves
Called up share capital 100 100
Profit and loss account 27 5,219
127 5,319
Profit and loss account
Brought forward 5,219 7,386
Profit 17,308 18,833
Dividends (22,500) (21,000)
27 5,219
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