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REGISTERED NUMBER: 04218505 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 March 2024

for

ELITE FABRICATION (MIDLANDS) LIMITED

ELITE FABRICATION (MIDLANDS) LIMITED (REGISTERED NUMBER: 04218505)






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ELITE FABRICATION (MIDLANDS) LIMITED

Company Information
for the Year Ended 30 March 2024







DIRECTOR: B Godfrey



SECRETARY: B Godfrey



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 04218505 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Barclays Bank PLC
238 High Street
Erdington
Birmingham
B23 6XT

ELITE FABRICATION (MIDLANDS) LIMITED (REGISTERED NUMBER: 04218505)

Statement of Financial Position
30 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,755 8,714

CURRENT ASSETS
Stocks 2,617 2,708
Debtors 5 164,780 166,935
Cash at bank and in hand 216,009 89,048
383,406 258,691
CREDITORS
Amounts falling due within one year 6 128,556 74,864
NET CURRENT ASSETS 254,850 183,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,605

192,541

CREDITORS
Amounts falling due after more than one
year

7

14,660

25,332
NET ASSETS 248,945 167,209

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 248,942 167,206
SHAREHOLDERS' FUNDS 248,945 167,209

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 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.

ELITE FABRICATION (MIDLANDS) LIMITED (REGISTERED NUMBER: 04218505)

Statement of Financial Position - continued
30 March 2024


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 21 March 2025 and were signed by:





B Godfrey - Director


ELITE FABRICATION (MIDLANDS) LIMITED (REGISTERED NUMBER: 04218505)

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

Elite Fabrication (Midlands) 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.

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 & services, excluding value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 March 2023 54,234 9,947 45,650 24,134 133,965
Additions 191 - - 1,341 1,532
At 30 March 2024 54,425 9,947 45,650 25,475 135,497
DEPRECIATION
At 31 March 2023 49,985 8,567 44,323 22,376 125,251
Charge for year 888 276 265 62 1,491
At 30 March 2024 50,873 8,843 44,588 22,438 126,742
NET BOOK VALUE
At 30 March 2024 3,552 1,104 1,062 3,037 8,755
At 30 March 2023 4,249 1,380 1,327 1,758 8,714

ELITE FABRICATION (MIDLANDS) LIMITED (REGISTERED NUMBER: 04218505)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12 85,766
Other debtors 164,768 81,169
164,780 166,935

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 7,558
Taxation and social security 123,780 64,683
Other creditors 4,776 2,623
128,556 74,864

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,660 25,332