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REGISTERED NUMBER: 02516771 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Elite Truck & Trailer Repairs Ltd

Elite Truck & Trailer Repairs Ltd (Registered number: 02516771)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Report of the Director 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Elite Truck & Trailer Repairs Ltd (Registered number: 02516771)

Report of the Director
for the Year Ended 31 August 2024

The director presents his report with the financial statements of the company for the year ended 31 August 2024.

DIRECTOR
Mr N Ashwell held office during the whole of the period from 1 September 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr N Ashwell - Director


30 April 2025

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Elite Truck & Trailer Repairs Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elite Truck & Trailer Repairs Ltd for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Elite Truck & Trailer Repairs Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elite Truck & Trailer Repairs Ltd and state those matters that we have agreed to state to the director of Elite Truck & Trailer Repairs Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Elite Truck & Trailer Repairs Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Elite Truck & Trailer Repairs Ltd. You consider that Elite Truck & Trailer Repairs Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Elite Truck & Trailer Repairs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper & Co
9 Palmers Avenue
Grays
Essex
RM17 5TX


30 April 2025

Elite Truck & Trailer Repairs Ltd (Registered number: 02516771)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 200,884 203,110

CURRENT ASSETS
Stocks 5 - 285
Debtors 6 195,254 155,438
Cash at bank and in hand 976,266 775,367
1,171,520 931,090
CREDITORS
Amounts falling due within one year 7 214,377 161,766
NET CURRENT ASSETS 957,143 769,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,158,027

972,434

PROVISIONS FOR LIABILITIES 27,546 22,262
NET ASSETS 1,130,481 950,172

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 8 1,130,391 950,082
SHAREHOLDERS' FUNDS 1,130,481 950,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Elite Truck & Trailer Repairs Ltd (Registered number: 02516771)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





Mr N Ashwell - Director


Elite Truck & Trailer Repairs Ltd (Registered number: 02516771)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Elite Truck & Trailer Repairs Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02516771

Registered office: Elite House Swinbourne Road
Burnt Mills Industrial Estate
Basildon
Essex
SS13 1EF

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Elite Truck & Trailer Repairs Ltd (Registered number: 02516771)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant & Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 77,634 125,066 171,503 5,713 379,916
Additions - - 33,389 - 33,389
At 31 August 2024 77,634 125,066 204,892 5,713 413,305
DEPRECIATION
At 1 September 2023 15,351 80,126 77,020 4,309 176,806
Charge for year 1,553 6,784 26,895 383 35,615
At 31 August 2024 16,904 86,910 103,915 4,692 212,421
NET BOOK VALUE
At 31 August 2024 60,730 38,156 100,977 1,021 200,884
At 31 August 2023 62,283 44,940 94,483 1,404 203,110

5. STOCKS
31.8.24 31.8.23
£    £   
Closing stock - 285

Elite Truck & Trailer Repairs Ltd (Registered number: 02516771)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 187,893 149,957
Prepayments 7,361 5,481
195,254 155,438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 82,434 43,333
Corporation tax 74,122 56,485
Social security and other taxes 4,344 5,048
Pension control 1,852 1,673
Other creditor (AOE) 350 -
VAT 47,551 48,425
Wages control - 3,336
Directors' loan accounts 4 4
Accrued expenses 3,720 3,462
214,377 161,766

8. RESERVES
Retained
earnings
£   

At 1 September 2023 950,082
Profit for the year 218,709
Dividends (38,400 )
At 31 August 2024 1,130,391