Registered number
14701792
ELITE CARS NORTHWEST LTD
Filleted Accounts
31 March 2025
ELITE CARS NORTHWEST LTD
Registered number: 14701792
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 2 12,364 2,578
12,364 2,578
Current assets
Stocks - -
Debtors 3 24,580 14,846
Cash at bank and in hand 15,400 5,432
39,980 20,278
Creditors: amounts falling due within one year 4 (11,364) (14,156)
Net current assets 28,616 6,122
Total assets less current liabilities 40,980 8,700
Creditors: amounts falling due after more than one year 5 (18,283) -
Net assets 22,697 8,700
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,597 8,600
Shareholder's funds 22,697 8,700
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Hassan Nawaz
Director
Approved by the board on 25 July 2025
ELITE CARS NORTHWEST LTD
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% pa
Fixtures, fittings, tools and equipment 18% pa
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
2 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 - 3,438 - 3,438
Additions - 12,500 - 12,500
Surplus on revaluation - - - -
Disposals - - - -
At 31 March 2025 - 15,938 - 15,938
Depreciation
At 1 April 2024 - 860 - 860
Charge for the year - 2,714 - 2,714
Surplus on revaluation - - - -
On disposals - - - -
At 31 March 2025 - 3,574 - 3,574
Net book value
At 31 March 2025 - 12,364 - 12,364
At 31 March 2024 - 2,578 - 2,578
3 Debtors 2025 2024
£ £
Trade debtors 24,580 14,846
Other debtors - -
24,580 14,846
Amounts due after more than one year included above - -
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 4,875 1,500
Taxation and social security costs 4,367 2,656
Other creditors 2,122 10,000
11,364 14,156
5 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - -
Director's Loan 18,283 -
Trade creditors - -
Other creditors - -
18,283 -
6 Other information
ELITE CARS NORTHWEST LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit C Piccadilly Business Centre
Unit C Aldow Enterprise Park
Manchester
Greater Manchester
M12 6AE
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