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Registered number: 04622287
Elite Property Maintenance Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Bruce Allen Accountancy Services Ltd
Bruce Allen Llp Ground Floor Suite Crown House
40 North Street
Hornchurch
RM11 1EW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04622287
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,000 2,000
Tangible Assets 5 8,473 11,338
10,473 13,338
CURRENT ASSETS
Stocks 6 5,000 5,000
Debtors 7 8,192 6,043
Cash at bank and in hand 10,870 20,562
24,062 31,605
Creditors: Amounts Falling Due Within One Year 8 (33,838 ) (28,647 )
NET CURRENT ASSETS (LIABILITIES) (9,776 ) 2,958
TOTAL ASSETS LESS CURRENT LIABILITIES 697 16,296
Creditors: Amounts Falling Due After More Than One Year 9 (6,906 ) (17,554 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,616 ) (2,155 )
NET LIABILITIES (7,825 ) (3,413 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (7,925 ) (3,513 )
SHAREHOLDERS' FUNDS (7,825) (3,413)
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Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Richards
Director
29th August 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Elite Property Maintenance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04622287 . The registered office is Ground Floor Suite, Crown House, 40 North Street, Hornchurch, Essex, RM11 1EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 2,000
As at 31 March 2025 2,000
Net Book Value
As at 31 March 2025 2,000
As at 1 April 2024 2,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 16,035 63,584 21,146 100,765
Disposals - (7,495 ) - (7,495 )
As at 31 March 2025 16,035 56,089 21,146 93,270
Depreciation
As at 1 April 2024 15,026 54,445 19,956 89,427
Provided during the period 252 2,273 297 2,822
Disposals - (7,452 ) - (7,452 )
As at 31 March 2025 15,278 49,266 20,253 84,797
Net Book Value
As at 31 March 2025 757 6,823 893 8,473
As at 1 April 2024 1,009 9,139 1,190 11,338
6. Stocks
2025 2024
£ £
Materials 5,000 5,000
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 8,192 -
Director's loan account - 6,043
8,192 6,043
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 10,133 10,577
Corporation tax 487 -
Other taxes and social security 3,917 5,240
VAT 4,795 2,099
Other creditors 6,550 6,550
Credit card 5,619 1,985
Accruals and deferred income 2,308 2,196
Director's loan account 29 -
33,838 28,647
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 6,906 17,554
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Matthew Richards 6,043 - 6,043 - -
The above loan is unsecured, interest free and repayable on demand. The loan was repaid in june 2024
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