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REGISTERED NUMBER: 04268034 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Elite Engraving Limited

Elite Engraving Limited (Registered number: 04268034)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Elite Engraving Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: D R Millard



REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST



REGISTERED NUMBER: 04268034 (England and Wales)



ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST



BANKERS: National Westminster Bank plc
PO Box 205
90 Regent Street
Kingswood
Bristol
BS99 5AE

Elite Engraving Limited (Registered number: 04268034)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 141,591 170,805
141,591 170,805

CURRENT ASSETS
Inventories 2,650 2,650
Debtors 6 70,168 45,409
Cash at bank and in hand 69,979 106,091
142,797 154,150
CREDITORS
Amounts falling due within one year 7 121,750 122,619
NET CURRENT ASSETS 21,047 31,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,638

202,336

CREDITORS
Amounts falling due after more than one
year

8

(25,106

)

(42,536

)

PROVISIONS FOR LIABILITIES (15,760 ) (11,527 )
NET ASSETS 121,772 148,273

Elite Engraving Limited (Registered number: 04268034)

Statement of Financial Position - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 9 50 50
Retained earnings 9 121,672 148,173
SHAREHOLDERS' FUNDS 121,772 148,273

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 10 July 2025 and were signed by:





D R Millard - Director


Elite Engraving Limited (Registered number: 04268034)

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

1. STATUTORY INFORMATION

Elite Engraving Limited 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 5% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Elite Engraving Limited (Registered number: 04268034)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 7 ) .

Elite Engraving Limited (Registered number: 04268034)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 195,000
AMORTISATION
At 1 January 2024
and 31 December 2024 195,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024
and 31 December 2024 117,243 142,445 3,245
DEPRECIATION
At 1 January 2024 52,758 112,117 3,044
Charge for year 5,862 4,549 31
At 31 December 2024 58,620 116,666 3,075
NET BOOK VALUE
At 31 December 2024 58,623 25,779 170
At 31 December 2023 64,485 30,328 201

Elite Engraving Limited (Registered number: 04268034)

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

5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 87,990 10,864 361,787
DEPRECIATION
At 1 January 2024 13,957 9,106 190,982
Charge for year 18,508 264 29,214
At 31 December 2024 32,465 9,370 220,196
NET BOOK VALUE
At 31 December 2024 55,525 1,494 141,591
At 31 December 2023 74,033 1,758 170,805

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 60,990
DEPRECIATION
At 1 January 2024 8,894
Charge for year 13,024
At 31 December 2024 21,918
NET BOOK VALUE
At 31 December 2024 39,072
At 31 December 2023 52,096

Elite Engraving Limited (Registered number: 04268034)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 58,534 33,432
Prepayments and accrued income 11,634 11,977
70,168 45,409

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 7,500 7,500
Trade creditors 18,570 18,896
Tax 9,408 6,028
Tax on director loan interest 1,026 1,207
Social security and other taxes 2,748 3,830
VAT 7,813 5,865
Directors' current accounts 61,151 66,029
Accrued expenses 2,886 2,616
121,750 122,619

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 2-5 years 12,606 22,536
Hire purchase contracts 12,500 20,000
25,106 42,536

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 148,173 50 148,223
Profit for the year 6,668 6,668
Dividends (33,169 ) (33,169 )
At 31 December 2024 121,672 50 121,722

Elite Engraving Limited (Registered number: 04268034)

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

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £33,169 were paid to the director .

Mr D R Millard
2024 2023

Gross interest on loan to company 5,129 6,036

Capital introduced/(withdrawn) (4,877 ) (3,311 )

At the year end, the company owed the director £61,151 (2023 - £66,028).