Registered number
08314466
Elite Choice Home Care Ltd
Filleted Accounts
30 November 2024
Elite Choice Home Care Ltd
Registered number: 08314466
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 505 601
Current assets
Debtors 4 116,407 125,706
Cash at bank and in hand 58,863 34,486
175,270 160,192
Creditors: amounts falling due within one year 5 (35,161) (16,108)
Net current assets 140,109 144,084
Total assets less current liabilities 140,614 144,685
Creditors: amounts falling due after more than one year 6 (122,870) (83,980)
Net assets 17,744 60,705
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,644 60,605
Shareholders' funds 17,744 60,705
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
K L Baldwin
Director
Approved by the board on 14 May 2025
Elite Choice Home Care Ltd
Notes to the Accounts
for the year ended 30 November 2024
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 3 to 4 years
Fixtures, fittings, tools and equipment over 3 to 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 21 16
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 12,427 7,000 19,427
Additions 758 - 758
Disposals - (7,000) (7,000)
At 30 November 2024 13,185 - 13,185
Depreciation
At 1 December 2023 11,826 7,000 18,826
Charge for the year 854 - 854
On disposals - (7,000) (7,000)
At 30 November 2024 12,680 - 12,680
Net book value
At 30 November 2024 505 - 505
At 30 November 2023 601 - 601
4 Debtors 2024 2023
£ £
Trade debtors 14,625 15,351
Other debtors 101,782 110,355
116,407 125,706
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 946 1,928
Taxation and social security costs 34,215 14,180
35,161 16,108
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors Loan Account 122,870 83,980
7 Other information
Elite Choice Home Care Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4 Cobbs Mill Units
Mill Lane
Sayers Common
West Sussex
BN6 9HN
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