Registration number:
Elite Development and Letting Limited
for the Year Ended 31 July 2024
Elite Development and Letting Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Elite Development and Letting Limited
Company Information
Directors |
D M Lloyd T Lloyd |
Company secretary |
T Lloyd |
Registered office |
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Accountants |
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Elite Development and Letting Limited
(Registration number: 07331483)
Balance Sheet
31 July 2024
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' deficit |
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Elite Development and Letting Limited
(Registration number: 07331483)
Balance Sheet
31 July 2024
For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Elite Development and Letting Limited
Notes to the Unaudited Financial Statements
Year Ended 31 July 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis. The net liabilities at the balance sheet date amounted to £15,895 (2022 £16,362). The company has the support of the directors and the bank.
Elite Development and Letting Limited
Notes to the Unaudited Financial Statements
Year Ended 31 July 2024
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and Machinery |
15% Reducing Balance |
Motor Vehicles |
15% Reducing Balance |
Office Equipment |
15% Reducing Balance |
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Elite Development and Letting Limited
Notes to the Unaudited Financial Statements
Year Ended 31 July 2024
Tangible assets |
Plant and machinery |
Office equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 August 2023 |
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At 31 July 2024 |
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Depreciation |
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At 1 August 2023 |
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Charge for the year |
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At 31 July 2024 |
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Carrying amount |
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At 31 July 2024 |
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At 31 July 2023 |
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Debtors |
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2023 |
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Other debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
Elite Development and Letting Limited
Notes to the Unaudited Financial Statements
Year Ended 31 July 2024
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2023 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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