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COMPANY REGISTRATION NUMBER: 07668246
Elite Power Transmissions Limited
Filleted Unaudited Financial Statements
31 May 2024
Elite Power Transmissions Limited
Statement of Financial Position
31 May 2024
2024
2023
£
£
£
Fixed assets
20,636
25,586
--------
--------
Current assets
222,702
173,615
Creditors: amounts falling due within one year
160,562
196,894
---------
---------
Net current assets/(liabilities)
62,140
( 23,279)
--------
--------
Total assets less current liabilities
82,776
2,307
Accruals and deferred income
820
800
--------
-------
81,956
1,507
--------
-------
Capital and reserves
81,956
1,507
--------
-------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
2. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
R Brown
( 75,777)
42,531
( 33,246)
R Banks
19,558
( 19,726)
( 168)
A J White
( 73,013)
42,530
( 30,483)
---------
--------
--------
( 129,232)
65,335
( 63,897)
---------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
R Brown
( 73,313)
( 2,463)
(75,776)
R Banks
22,243
( 2,685)
19,558
A J White
( 70,722)
( 2,291)
( 73,013)
---------
-------
---------
( 121,792)
( 7,439)
(129,231)
---------
-------
---------
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 18 February 2025 , and are signed on behalf of the board by:
A J White
Director
Company registration number: 07668246
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sportsman Farm, St Michaels, Tenterden, Kent, TN30 6SY.