REGISTERED NUMBER: 11096381 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Elite Structural Steel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Devshi

Mr C Kara

REGISTERED OFFICE:

164 Mollison Way

Edgware

Middlesex

HA8 5QZ

REGISTERED NUMBER:

11096381 (England and Wales)

ACCOUNTANTS:

L P Patel & Co Limited

Accountants & Tax Advisers

164 Mollison Way

Edgware

Middlesex

HA8 5QZ

FIXED ASSETS

Property, plant and equipment

4

21,428

26,785

CURRENT ASSETS

Inventories

30,566

37,162

Debtors

5

12,952

12,438

Cash at bank and in hand

116,407

114,742

159,925

164,342

CREDITORS

Amounts falling due within one year

6

65,142

90,861

NET CURRENT ASSETS

94,783

73,481

TOTAL ASSETS LESS CURRENT LIABILITIES

116,211

100,266

CREDITORS

Amounts falling due after more than one year

7

4,167

14,167

NET ASSETS

112,044

86,099

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

111,944

85,999

SHAREHOLDERS' FUNDS

112,044

86,099

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 4 September 2025 and were signed on its behalf by:

Mr D Devshi - Director

Mr C Kara - Director

1.	STATUTORY INFORMATION

Elite Structural Steel 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.

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

Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Inventories 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.

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.

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 5 (2023 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

24,453

30,800

3,500

58,753

DEPRECIATION

At 1 January 2024

18,398

11,862

1,708

31,968

Charge for year

1,211

3,788

358

5,357

At 31 December 2024

19,609

15,650

2,066

37,325

NET BOOK VALUE

At 31 December 2024

4,844

15,150

1,434

21,428

At 31 December 2023

6,055

18,938

1,792

26,785

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

19,800

Transfer to ownership

(19,800

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

9,662

Charge for year

2,028

Transfer to ownership

(11,690

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

10,138

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

12,952

12,438

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

-

2,293

Payments on account

500

-

Trade creditors

3,541

8,010

Taxation and social security

17,656

8,259

Other creditors

33,445

62,299

65,142

90,861

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,167

14,167

8.	DEFERRED TAX

£

Balance at 1 January 2024

(638

)

Accelerated capital allowances

139

Balance at 31 December 2024

(499

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 January 2024

85,999

Profit for the year

26,945

Dividends

(1,000

)

At 31 December 2024

111,944

11.	ULTIMATE CONTROLLING PARTY