ELITE CAR REPAIRS LTD


Directors	RINVENUTO, Philip
	RINVENUTO, Robert Luigi


Registered Address	Unit B North Common Farm
	Woburn Road
	Lidlington
	MK43 0NN


Registered Number	10560703 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		600		-
			600		-
Current assets
Debtors		19,786		14,101
Cash at bank and on hand		2,524		15,993
		22,310		30,094
Creditors amounts falling due within one year	4	(37,853)		(40,753)
Net current assets (liabilities)			(15,543)		(10,659)
Total assets less current liabilities			(14,943)		(10,659)
Net assets			(14,943)		(10,659)
Capital and reserves
Called up share capital			2		2
Profit and loss account			(14,945)		(10,661)
Shareholders' funds			(14,943)		(10,659)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 16 September 2025, and are signed on its behalf by:

RINVENUTO, Philip
Director

RINVENUTO, Robert Luigi
Director

Registered Company No. 10560703

ELITE CAR REPAIRS LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Office Equipment	20

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		3

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	750	750
At 31 December 24	750	750
Depreciation and impairment
Charge for year	150	150
At 31 December 24	150	150
Net book value
At 31 December 24	600	600
At 31 December 23	-	-

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	3,162	4,717
Bank borrowings and overdrafts	-	3,321
Taxation and social security	32,127	30,146
Other creditors	133	139
Accrued liabilities and deferred income	2,431	2,430
Total	37,853	40,753


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year