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REGISTERED NUMBER: 10682762 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Elite Abseiling Ltd

Elite Abseiling Ltd (Registered number: 10682762)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elite Abseiling Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M L Marcu
L R White





REGISTERED OFFICE: 39 Station Road
Liphook
Hampshire
GU30 7DW





REGISTERED NUMBER: 10682762 (England and Wales)





ACCOUNTANTS: Tropman & Co Limited
39 Station Road
Liphook
Hampshire
GU30 7DW

Elite Abseiling Ltd (Registered number: 10682762)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,288 30,075

CURRENT ASSETS
Stocks 31,230 30,000
Debtors 5 103,631 134,069
Cash at bank 111,796 54,532
246,657 218,601
CREDITORS
Amounts falling due within one year 6 125,701 113,376
NET CURRENT ASSETS 120,956 105,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,244

135,300

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 143,144 135,200
SHAREHOLDERS' FUNDS 143,244 135,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Elite Abseiling Ltd (Registered number: 10682762)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:




M L Marcu - Director



L R White - Director


Elite Abseiling Ltd (Registered number: 10682762)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Elite Abseiling Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.
Plant and machinery - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Work in progress
Work in progress is valued at the lower of cost and estimated fee chargeable on completion.

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 6 (2023 - 2 ) .

Elite Abseiling Ltd (Registered number: 10682762)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 1,150 40,100 - 41,250
Additions - - 2,984 2,984
At 30 September 2024 1,150 40,100 2,984 44,234
DEPRECIATION
At 1 October 2023 1,150 10,025 - 11,175
Charge for year - 10,025 746 10,771
At 30 September 2024 1,150 20,050 746 21,946
NET BOOK VALUE
At 30 September 2024 - 20,050 2,238 22,288
At 30 September 2023 - 30,075 - 30,075

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 102,118 62,680
CIS recoverable - 69,376
Prepayments and accrued income 1,513 2,013
103,631 134,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Tax 53,131 69,082
CIS liability 6,180 -
VAT 31,032 33,308
Other creditors 1,182 -
Directors' current accounts 11,928 582
Accrued expenses 22,248 10,404
125,701 113,376

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

Elite Abseiling Ltd (Registered number: 10682762)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. RESERVES
Retained
earnings
£   

At 1 October 2023 135,200
Profit for the year 151,944
Dividends (144,000 )
At 30 September 2024 143,144

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £144,000 (2023 - £154,613) were paid to the directors .