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REGISTRAR OF COMPANIES

Registration number: 08263333

Elite Shearing Ltd

Unaudited Financial Statements

31 October 2024

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Elite Shearing Ltd

Contents

Accountants' Report

1

Balance Sheet

2

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Elite Shearing Ltd
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Elite Shearing Ltd for the year ended 31 October 2024 as set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Elite Shearing Ltd, as a body, in accordance with the terms of our engagement letter dated 27 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of Elite Shearing Ltd and state those matters that we have agreed to state to the Board of Directors of Elite Shearing Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elite Shearing Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Elite Shearing Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Elite Shearing Ltd. You consider that Elite Shearing 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 accounts of Elite Shearing 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 accounts.



Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

2 July 2025

 

Elite Shearing Ltd

(Registration number: 08263333)
Balance Sheet as at 31 October 2024

2024
£

2023
£

Current assets

 

40,689

34,731

Creditors: Amounts falling due within one year

 

(11,549)

(11,138)

Total assets less current liabilities

 

29,140

23,593

Accruals and deferred income

 

(1,202)

(1,202)

   

27,938

22,391

Capital and reserves

 

27,938

22,391

 

Elite Shearing Ltd

(Registration number: 08263333)
Balance Sheet as at 31 October 2024 (continued)

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Crosby Thwaite Farm
Ulpha
BROUGHTON-IN-FURNESS
LA20 6DY

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Elite Shearing Ltd

(Registration number: 08263333)
Balance Sheet as at 31 October 2024 (continued)

3

Related party transactions

Transactions with directors

2024

At 1 November 2023
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 31 October 2024
£

M Fox

Directors loan

14,428

24,022

(15,251)

(10,000)

402

13,601

             
         

G M Fox

Directors loan

14,429

19,022

(20,251)

-

402

13,602

             
         

 

2023

At 1 November 2022
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 31 October 2023
£

M Fox

Directors loan

10,311

29,059

(15,388)

(10,000)

446

14,428

             
         

G M Fox

Directors loan

10,311

24,059

(20,387)

-

446

14,429

             
         

 

Directors' advances are repayable on demand.

Interest has been charged at a rate of 2% up to 5th April 2023 and 2.25% thereafter on advances to directors.



















 

 

Elite Shearing Ltd

(Registration number: 08263333)
Balance Sheet as at 31 October 2024 (continued)

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the micro entities regime and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 July 2025 and signed on its behalf by:
 

.........................................
M Fox
Director

.........................................
G M Fox
Director