Registered number
14035583
Elite Home Creations Limited
Filleted Accounts
30 April 2025
Elite Home Creations Limited
Registered number: 14035583
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 121,125 42,500
Current assets
Debtors 4 21,209 17,777
Cash at bank and in hand 29,342 6,785
50,551 24,562
Creditors: amounts falling due within one year 5 (29,020) (16,249)
Net current assets 21,531 8,313
Net assets 142,656 50,813
Capital and reserves
Called up share capital 1 1
Profit and loss account 142,655 50,812
Shareholder's funds 142,656 50,813
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Gupta
Director
Approved by the board on 4 May 2025
Elite Home Creations Limited
Notes to the Accounts
for the year ended 30 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% per annum
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2024 50,000
Additions 100,000
At 30 April 2025 150,000
Depreciation
At 1 May 2024 7,500
Charge for the year 21,375
At 30 April 2025 28,875
Net book value
At 30 April 2025 121,125
At 30 April 2024 42,500
4 Debtors 2025 2024
£ £
Trade debtors 16,222 12,856
Other debtors 4,987 4,921
21,209 17,777
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 20,337 4,514
Taxation and social security costs 6,356 1,950
Other creditors 2,327 9,785
29,020 16,249
6 Other information
Elite Home Creations Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flat 5
House 41
Bowes Road
London
N13 4UX
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