2024-04-01 05077747 2025-03-31 05077747 2024-04-01 2025-03-31 05077747 2024-03-31 05077747 2023-04-01 2024-03-31 05077747 uk-core:WithinOneYear 2024-03-31 05077747 uk-core:WithinOneYear 2025-03-31 05077747 uk-core:AfterOneYear 2024-03-31 05077747 uk-core:AfterOneYear 2025-03-31 05077747 uk-core:ShareCapital 2025-03-31 05077747 uk-core:ShareCapital 2024-03-31 05077747 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 05077747 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 05077747 uk-bus:Director1 2024-04-01 2025-03-31 05077747 uk-core:PlantMachinery 2024-04-01 2025-03-31 05077747 uk-core:ToolsEquipment 2024-04-01 2025-03-31 05077747 uk-core:CommercialMotorVehicles 2024-04-01 2025-03-31 05077747 uk-core:FurnitureFittings 2024-04-01 2025-03-31 05077747 uk-core:ToolsEquipment 2024-03-31 05077747 uk-core:FurnitureFittings 2024-03-31 05077747 uk-core:CommercialMotorVehicles 2024-03-31 05077747 uk-core:PlantMachinery 2024-03-31 05077747 uk-core:CommercialMotorVehicles 2025-03-31 05077747 uk-core:FurnitureFittings 2025-03-31 05077747 uk-core:ToolsEquipment 2025-03-31 05077747 uk-core:PlantMachinery 2025-03-31 05077747 uk-core:CostValuation 2024-03-31 05077747 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-03-31 05077747 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2025-03-31 05077747 uk-core:CostValuation 2025-03-31 05077747 uk-core:Non-currentFinancialInstruments 2025-03-31 05077747 uk-core:Non-currentFinancialInstruments 2024-03-31 05077747 uk-core:WithinOneYear uk-core:Secured 2025-03-31 05077747 uk-core:WithinOneYear uk-core:Secured 2024-03-31 iso4217:GBP xbrli:pure 05077747 uk-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05077747 uk-bus:FRS102 2024-04-01 2025-03-31 05077747 uk-bus:FilletedAccounts 2024-04-01 2025-03-31 05077747 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31
Elite Electrical(South West) Ltd.
Registered Number:05077747
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
05077747
As at 31 March 2025
Elite Electrical(South West) Ltd.
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
9,267
12,354
2
Financial assets
161,637
161,637
3
170,904
173,991
Current assets
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
Capital and reserves
Called up share capital
50
50
Retained earnings
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
1 of 4
4
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
Registered address:
33 Hopps Road
Kingswood
Bristol
BS15 9QQ
The presentation currency is £ sterling.
1. Accounting policies
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
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
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
5
For the year ended 31 March 2025
Elite Electrical(South West) Ltd.
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 April 2024
80,087
13,574
1,427
45,419
19,667
At 31 March 2025
45,419
1,427
13,574
80,087
19,667
Provision for depreciation and impairment
At 01 April 2024
67,733
12,611
1,407
34,264
19,451
Charge for year
3,087
240
5
2,788
54
At 31 March 2025
70,820
12,851
1,412
37,052
19,505
At 31 March 2025
Net book value
162
8,367
15
723
9,267
At 31 March 2024
216
11,155
20
963
12,354
3. Investments held as fixed assets
Other investments
Total
At 01 April 2024
161,637
161,637
Cost
£
£
At 31 March 2025
161,637
161,637
At 31 March 2025
Net book value
161,637
161,637
At 01 April 2024
161,637
161,637
4. Trade and other receivables
2024
2025
£
£
Trade debtors
58,066
21,158
Other debtors
6,206
6,612
27,770
64,272
3 of 4
6
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
Trade creditors
3,958
2,429
Taxation and social security
3,120
1,715
Other creditors
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