Elite Electrical(South West) Ltd. |
Registered Number:05077747 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
Elite Electrical(South West) Ltd.
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Elite Electrical(South West) Ltd.
Statement of Financial Position
2024
2025
Property, plant and equipment |
9,267
12,354
2
161,637
161,637
3
170,904
173,991
Trade and other receivables |
27,770
64,272
4
44,359
Cash and cash equivalents |
19,970
84,242
72,129
Trade and other payables: amounts falling due within one |
year |
(81,641)
(139,149)
5
(9,512)
(54,907)
Net current liabilities
Total assets less current liabilities |
115,997
164,479
Trade and other payables: amounts falling due after more |
than one year |
(12,628)
(2,446)
6
113,551
Net assets
151,851
50
50
113,501
151,801
113,551
151,851
Shareholders' funds
For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr. T.J. Charlton Director |
These financial statements were approved and authorised for issue by the Board on 24 April 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2025
Elite Electrical(South West) Ltd.
Notes to the Financial Statements
Statutory Information
Elite Electrical(South West) Ltd. is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 05077747. |
Principal place of business: |
19 Buryhill View
Downend
Bristol
BS16 6PA
33 Hopps Road
Kingswood
Bristol
BS15 9QQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 March 2025
Elite Electrical(South West) Ltd.
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
80,087
13,574
1,427
45,419
19,667
45,419
1,427
13,574
80,087
19,667
Provision for depreciation and impairment |
67,733
12,611
1,407
34,264
19,451
Charge for year
3,087
240
5
2,788
54
70,820
12,851
1,412
37,052
19,505
162
8,367
15
723
9,267
216
11,155
20
963
12,354
3. Investments held as fixed assets |
161,637
161,637
161,637
161,637
161,637
161,637
161,637
161,637
4. Trade and other receivables |
2024
2025
58,066
21,158
6,206
6,612
27,770
64,272
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For the year ended 31 March 2025
Elite Electrical(South West) Ltd.
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2024
2025
Bank loans and overdraft (secured) |
10,648
10,648
3,958
2,429
Taxation and social security |
3,120
1,715
121,423
66,849
139,149
81,641
6. Trade and other payables: amounts falling due after more than one year |
2024
2025
Bank loans and overdraft (secured) |
2,446
12,628
7. Average number of persons employed |
During the year the average number of employees was 3 (2024 : 3)
4 of 4