Company Registration No. 04001796 (England and Wales)
Elite FPS Limited
Unaudited accounts
for the year ended 31 March 2025
Elite FPS Limited
Unaudited accounts
Contents
Elite FPS Limited
Company Information
for the year ended 31 March 2025
Company Number
04001796 (England and Wales)
Registered Office
Mapledown Farm
Morestead
Winchester
SO21 1LF
Accountants
For and on Behalf of Tee Accounts Limited
Rosehill House
Bosinver Lane
Polgooth
PL26 7BA
Elite FPS Limited
Statement of financial position
as at 31 March 2025
Tangible assets
82,180
101,236
Cash at bank and in hand
542,010
660,186
Creditors: amounts falling due within one year
(47,001)
(80,409)
Net current assets
590,745
692,525
Total assets less current liabilities
672,925
793,761
Provisions for liabilities
Deferred tax
(26,708)
(31,472)
Net assets
646,217
762,289
Profit and loss account
646,116
762,188
Shareholders' funds
646,217
762,289
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 members have 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 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 and authorised for issue on 21 August 2025 and were signed on its behalf by
Gary John Otton
Director
Company Registration No. 04001796
Elite FPS Limited
Notes to the Accounts
for the year ended 31 March 2025
Elite FPS Limited is a private company, limited by shares, registered in England and Wales, registration number 04001796. The registered office is Mapledown Farm, Morestead, Winchester, SO21 1LF.
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.
Goodwill, being the amount paid in connection with the acquisition of the business and has been amortised evenly over its estimated useful life of 5 years.
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:
Land & buildings
10% straight line, per annum
Plant & machinery
20% straight line, per annum
Motor vehicles
20% straight line, per annum
Fixtures & fittings
20% straight line, per annum
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Elite FPS Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
14,255
25,763
111,880
10,542
162,440
Additions
-
-
-
8,334
8,334
At 31 March 2025
14,255
25,763
111,880
18,876
170,774
At 1 April 2024
6,293
25,390
25,569
3,952
61,204
Charge for the year
1,424
373
22,376
3,217
27,390
At 31 March 2025
7,717
25,763
47,945
7,169
88,594
At 31 March 2025
6,538
-
63,935
11,707
82,180
At 31 March 2024
7,962
373
86,311
6,590
101,236
Amounts falling due within one year
Accrued income and prepayments
7,136
4,612
Other debtors
53,284
74,221
Amounts falling due after more than one year
Other debtors
28,925
11,574
Elite FPS Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
44,755
70,736
Loans from directors
1,461
-
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).