| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 January 2025 |
| for |
| ELI IT Solutions Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 January 2025 |
| for |
| ELI IT Solutions Limited |
| ELI IT Solutions Limited (Registered number: 08848605) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| ELI IT Solutions Limited |
| Company Information |
| for the Year Ended 31 January 2025 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| 114-120 Northgate Street |
| Chester |
| CH1 2HT |
| ELI IT Solutions Limited (Registered number: 08848605) |
| Statement of Financial Position |
| 31 January 2025 |
| 31/1/25 | 31/1/24 |
| Notes | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Current assets |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| Provisions for liabilities | 9 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| The directors acknowledge their 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. |
| ELI IT Solutions Limited (Registered number: 08848605) |
| Statement of Financial Position - continued |
| 31 January 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ELI IT Solutions Limited (Registered number: 08848605) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2025 |
| 1. | Statutory information |
| ELI IT Solutions Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. |
| Tangible fixed assets |
| Fixtures, fittings & equipment | - |
| Motor vehicles | - |
| Financial investments |
| Listed investments are recognised and held at cost. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date. |
| ELI IT Solutions Limited (Registered number: 08848605) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 2. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| 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. |
| Hire purchase |
| Assets obtained under hire purchase contracts are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Fixtures, |
| fittings | Motor |
| & equipment | vehicles | Totals |
| £ | £ | £ |
| Cost |
| At 1 February 2024 |
| and 31 January 2025 |
| Depreciation |
| At 1 February 2024 |
| Charge for year |
| At 31 January 2025 |
| Net book value |
| At 31 January 2025 |
| At 31 January 2024 |
| ELI IT Solutions Limited (Registered number: 08848605) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 5. | Fixed asset investments |
| Other |
| investments |
| £ |
| Cost |
| Additions |
| At 31 January 2025 |
| Net book value |
| At 31 January 2025 |
| 6. | Creditors: amounts falling due within one year |
| 31/1/25 | 31/1/24 |
| £ | £ |
| Hire purchase contracts |
| Taxation and social security |
| Other creditors |
| 7. | Creditors: amounts falling due after more than one year |
| 31/1/25 | 31/1/24 |
| £ | £ |
| Hire purchase contracts |
| 8. | Secured debts |
| The following secured debts are included within creditors: |
| 31/1/25 | 31/1/24 |
| £ | £ |
| Hire purchase contracts | 48,645 | 59,102 |
| Hire purchase contracts are secured on the underlying assets. |
| 9. | Provisions for liabilities |
| 31/1/25 | 31/1/24 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| ELI IT Solutions Limited (Registered number: 08848605) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 9. | Provisions for liabilities - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 February 2024 |
| Provided during year | ( |
) |
| Balance at 31 January 2025 |
| 10. | Directors' advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024: |
| 31/1/25 | 31/1/24 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Loans to the director are unsecured and repayable on demand. The maximum balance outstanding during the year was £17,244. Amounts advanced include £6,926 on 28 June 2024, £8,218 on 28 July 2024 and £5,227 on 30 January 2025. Repayments include £17,000 on 30 January 2025. |