Company Registration No. SC647515 (Scotland)
Granite Elite Ltd
Unaudited accounts
for the year ended 31 December 2024
Granite Elite Ltd
Unaudited accounts
Contents
Granite Elite Ltd
Company Information
for the year ended 31 December 2024
Directors
FRASER, John
FRASER, Craig John
FRASER, John
FRASER, Craig John
FRASER, John
FRASER, Craig John
Company Number
SC647515 (Scotland)
Granite Elite Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
913
1,825
Tangible assets
59,532
28,786
Cash at bank and in hand
17,859
10,252
Creditors: amounts falling due within one year
(238,314)
(266,105)
Net current assets/(liabilities)
128,361
(84,235)
Total assets less current liabilities
188,806
(53,624)
Creditors: amounts falling due after more than one year
(218,499)
(21,019)
Net liabilities
(29,693)
(74,643)
Called up share capital
150
150
Profit and loss account
(29,843)
(74,793)
Shareholders' funds
(29,693)
(74,643)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by
FRASER, John
Director
Company Registration No. SC647515
Granite Elite Ltd
Notes to the Accounts
for the year ended 31 December 2024
Granite Elite Ltd is a private company, limited by shares, registered in Scotland, registration number SC647515.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
straight line 3
Motor vehicles
straight line 5
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Granite Elite Ltd
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
7,482
35,084
42,566
Additions
5,245
38,990
44,235
Disposals
-
(3,150)
(3,150)
At 31 December 2024
12,727
70,924
83,651
At 1 January 2024
5,754
8,026
13,780
Charge for the year
2,503
10,986
13,489
On disposals
-
(3,150)
(3,150)
At 31 December 2024
8,257
15,862
24,119
At 31 December 2024
4,470
55,062
59,532
At 31 December 2023
1,728
27,058
28,786
Amounts falling due within one year
Trade debtors
152,987
170,556
Accrued income and prepayments
153,113
-
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,313
3,750
Obligations under finance leases and hire purchase contracts
4,597
-
Trade creditors
78,409
780
Taxes and social security
60,166
158,060
Other creditors
29,087
103,515
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
49,290
15,706
Granite Elite Ltd
Notes to the Accounts
for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 79 (2023: 73).