REGISTERED NUMBER: 07107689 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Elite Surfacing Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K G Owen

Mrs C Owen

REGISTERED OFFICE:

Karlton House

Kelsall Road

Tarvin

Chester

Cheshire

CH3 8NR

REGISTERED NUMBER:

07107689 (England and Wales)

ACCOUNTANTS:

Guy Walmsley Limited

3 Grove Road

Wrexham

LL11 1DY

FIXED ASSETS

Tangible assets

4

168,133

166,597

CURRENT ASSETS

Stocks

25,000

10,000

Debtors

5

366,108

628,736

Cash at bank

37,729

48,791

428,837

687,527

CREDITORS

Amounts falling due within one year

6

463,058

678,416

NET CURRENT (LIABILITIES)/ASSETS

(34,221

)

9,111

TOTAL ASSETS LESS CURRENT LIABILITIES

133,912

175,708

CREDITORS

Amounts falling due after more than one year

7

59,105

72,931

NET ASSETS

74,807

102,777

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

74,805

102,775

SHAREHOLDERS' FUNDS

74,807

102,777

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 2 September 2025 and were signed on its behalf by:

K G Owen - Director

1.	STATUTORY INFORMATION

Elite Surfacing Ltd. 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

Turnover 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.

Improvements to property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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 11 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

63,458

120,367

3,876

Additions

-

8,750

-

Disposals

-

-

-

At 31 December 2024

63,458

129,117

3,876

DEPRECIATION

At 1 January 2024

-

71,747

2,078

Charge for year

-

12,703

182

Eliminated on disposal

-

-

-

At 31 December 2024

-

84,450

2,260

NET BOOK VALUE

At 31 December 2024

63,458

44,667

1,616

At 31 December 2023

63,458

48,620

1,798

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

185,774

7,477

380,952

Additions

32,147

-

40,897

Disposals

(22,362

)

-

(22,362

)

At 31 December 2024

195,559

7,477

399,487

DEPRECIATION

At 1 January 2024

134,047

6,483

214,355

Charge for year

20,969

200

34,054

Eliminated on disposal

(17,055

)

-

(17,055

)

At 31 December 2024

137,961

6,683

231,354

NET BOOK VALUE

At 31 December 2024

57,598

794

168,133

At 31 December 2023

51,727

994

166,597

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

215,047

464,295

Other debtors

151,061

164,441

366,108

628,736

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

6,250

6,250

Hire purchase contracts

31,917

22,333

Trade creditors

332,246

465,677

Taxation and social security

85,362

100,663

Other creditors

7,283

83,493

463,058

678,416

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

24,306

28,125

Hire purchase contracts

34,799

44,806

59,105

72,931

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,431

3,125