REGISTERED NUMBER: 12826604 (England and Wales)

Financial Statements

for the Year Ended 30th December 2024

for

Elitis Uk Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J Marraud Des Grottes

P Marraud Des Grottes

REGISTERED OFFICE:

1/22 Chelsea Harbour Design Centre

London

United Kingdom

SW10 0XE

REGISTERED NUMBER:

12826604 (England and Wales)

AUDITORS:

Spencer Hyde Limited

Statutory Auditor

272 Regents Park Road

London

N3 3HN

ACCOUNTANTS:

Jeremy Scholl and Company

20-21 Jockey's Fields

London

WC1R 4BW

FIXED ASSETS

Intangible assets

4

150,000

175,000

Tangible assets

5

17,621

26,528

167,621

201,528

CURRENT ASSETS

Debtors

6

320,491

284,185

Cash at bank

278,202

370,332

598,693

654,517

CREDITORS

Amounts falling due within one year

7

862,255

785,844

NET CURRENT LIABILITIES

(263,562

)

(131,327

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(95,941

)

70,201

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(96,941

)

69,201

(95,941

)

70,201

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 23rd September 2025 and were signed on its behalf by:

J Marraud Des Grottes - Director

1.	STATUTORY INFORMATION

Elitis Uk 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

At the year end the company had an excess of liabilities over assets due to the balance owed to it's parent company, Elitis SAS. The directors confirm that the parent company will continue to support the company financially and although the balance due to them is repayable on demand they do not anticipate requesting repayment of the sums due to them for at least 12 months from approval of the accounts. Therefore it is considered appropriate to continue preparing the accounts on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, and legal title has passed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 7 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31st December 2023

and 30th December 2024

250,000

AMORTISATION

At 31st December 2023

75,000

Charge for year

25,000

At 30th December 2024

100,000

NET BOOK VALUE

At 30th December 2024

150,000

At 30th December 2023

175,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31st December 2023

and 30th December 2024

57,885

DEPRECIATION

At 31st December 2023

31,357

Charge for year

8,907

At 30th December 2024

40,264

NET BOOK VALUE

At 30th December 2024

17,621

At 30th December 2023

26,528

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

152,095

137,439

Amounts owed by group undertakings

75,000

75,000

Other debtors

93,396

71,746

320,491

284,185

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

388,145

390,948

Taxation and social security

84,656

113,156

Other creditors

389,454

281,740

862,255

785,844

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Antony Youselli (Senior Statutory Auditor)

for and on behalf of Spencer Hyde Limited

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £798,513 (2023: £948,011). These amounts consist of operating lease commitments payable over the next 6 (2023: 7) years.

10.	RELATED PARTY DISCLOSURES

The controlling party is Elitis SAS by virtue of their 100% shareholding in the company.

Elitis SAS prepares group financial statements and their registered office is:

2 Bis Rue Jean Rodier

Toulouse

France

31400

Included in the profit and loss account are expenses in relation to the following charges by Elitis SAS:

2024

2023

£

£

Management fees

59,779

61,352

Purchases

1,006,222

802,252

The total amount owed by the company to Elitis SAS at the year end was £250,098 (2023: £208,074).