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REGISTERED NUMBER: 07886126 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Elite Tiling Services (UK) Limited

Elite Tiling Services (UK) Limited (Registered number: 07886126)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Elite Tiling Services (UK) Limited

Company Information
for the year ended 31st December 2024







DIRECTORS: P E Draper
Mrs K A Draper



REGISTERED OFFICE: 97 Springbank
Hull
East Yorkshire
HU3 1BH



REGISTERED NUMBER: 07886126 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: HSBC Bank plc
9 Market Place
Hedon
Hull
HU12 8JA

Elite Tiling Services (UK) Limited (Registered number: 07886126)

Abridged Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 75,025 97,981
75,025 97,981

CURRENT ASSETS
Stocks 29,776 101,148
Debtors 68,517 106,183
98,293 207,331
CREDITORS
Amounts falling due within one year 66,640 172,778
NET CURRENT ASSETS 31,653 34,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,678

132,534

CREDITORS
Amounts falling due after more than one
year

(93,897

)

(121,609

)

PROVISIONS FOR LIABILITIES (12,704 ) (10,804 )
NET ASSETS 77 121

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 75 119
SHAREHOLDERS' FUNDS 77 121

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Tiling Services (UK) Limited (Registered number: 07886126)

Abridged Balance Sheet - continued
31st December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd August 2025 and were signed on its behalf by:





P E Draper - Director


Elite Tiling Services (UK) Limited (Registered number: 07886126)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Elite Tiling Services (UK) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 10% 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.

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.

Elite Tiling Services (UK) Limited (Registered number: 07886126)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2024
and 31st December 2024 10,000
AMORTISATION
At 1st January 2024
and 31st December 2024 10,000
NET BOOK VALUE

At 31st December 2024 -
At 31st December 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2024 158,300
Additions 190
At 31st December 2024 158,490
DEPRECIATION
At 1st January 2024 60,319
Charge for year 23,146
At 31st December 2024 83,465
NET BOOK VALUE
At 31st December 2024 75,025
At 31st December 2023 97,981

The net book value of tangible fixed assets includes £ 60,595 (2023 - £ 80,793 ) in respect of assets held under hire purchase contracts.

Elite Tiling Services (UK) Limited (Registered number: 07886126)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Elite Tiling Services (UK) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elite Tiling Services (UK) Limited for the year ended 31st December 2024 which comprise the Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Elite Tiling Services (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elite Tiling Services (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Elite Tiling Services (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elite Tiling Services (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Elite Tiling Services (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Elite Tiling Services (UK) Limited. You consider that Elite Tiling Services (UK) Limited 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 financial statements of Elite Tiling Services (UK) Limited. 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 financial statements.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


2nd August 2025