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REGISTERED NUMBER: 04131800 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Elite Interiors (U K) Ltd

Elite Interiors (U K) Ltd (Registered number: 04131800)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Elite Interiors (U K) Ltd (Registered number: 04131800)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 100,007 65,926
100,007 65,926

CURRENT ASSETS
Stocks 158,055 127,793
Debtors 6 483,936 349,518
Cash at bank and in hand 409,687 276,673
1,051,678 753,984
CREDITORS
Amounts falling due within one year 7 383,205 258,336
NET CURRENT ASSETS 668,473 495,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,480

561,574

PROVISIONS FOR LIABILITIES 25,384 16,337
NET ASSETS 743,096 545,237

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 742,796 544,937
SHAREHOLDERS' FUNDS 743,096 545,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Interiors (U K) Ltd (Registered number: 04131800)

Balance Sheet - continued
31 March 2025


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 28 July 2025 and were signed on its behalf by:




Mr L W Sherwood - Director Mr M R Sherwood - Director




Mr J R Carter - Director


Elite Interiors (U K) Ltd (Registered number: 04131800)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Elite Interiors (U K) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04131800

Registered office: Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance and 10% on cost
Motor vehicles - 20% on reducing balance

Stocks
Stocks 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 balance sheet date.


Elite Interiors (U K) Ltd (Registered number: 04131800)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 15,000
AMORTISATION
At 1 April 2024
and 31 March 2025 15,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

Elite Interiors (U K) Ltd (Registered number: 04131800)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2024 91,799 102,579 139,883 334,261
Additions 900 2,599 60,193 63,692
Disposals - - (27,670 ) (27,670 )
At 31 March 2025 92,699 105,178 172,406 370,283
DEPRECIATION
At 1 April 2024 85,125 93,286 89,924 268,335
Charge for year 1,514 2,378 21,642 25,534
Eliminated on disposal - - (23,593 ) (23,593 )
At 31 March 2025 86,639 95,664 87,973 270,276
NET BOOK VALUE
At 31 March 2025 6,060 9,514 84,433 100,007
At 31 March 2024 6,674 9,293 49,959 65,926

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 437,000 315,075
Other debtors 743 570
VAT - 14,330
Prepayments 46,193 19,543
483,936 349,518

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 152,534 140,532
Tax 116,355 48,175
Social security and other taxes 16,412 10,960
VAT 15,468 -
Other creditors 4,139 41,756
Directors' current accounts 55,950 10,464
Accrued expenses 22,347 6,449
383,205 258,336