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Registration number: 14590924

Elite Labour Cornwall Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Elite Labour Cornwall Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Elite Labour Cornwall Ltd

Company Information

Director | Mr S A Harvey

Company secretary | Mr S A Harvey

Registered office | 52a The Butts Soham Ely Cambridgeshire CB7 5AN

Accountants | D.J. Reynolds & Co. 15 Alverton Street Penzance Cornwall TR18 2QP

Elite Labour Cornwall Ltd

(Registration number: 14590924)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 4 | 272,432 | -
Current assets |  |  |
Debtors | 5 | 18 | -
Cash at bank and in hand |  | 100 | 100
|  | 118 | 100
Creditors: Amounts falling due within one year | 6 | (600) | -
Net current (liabilities)/assets |  | (482) | 100
Net assets |  | 271,950 | 100
Capital and reserves |  |  |
Called up share capital | 7 | 200 | 100
Retained earnings |  | 271,750 | -
Shareholders' funds |  | 271,950 | 100

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2025

......................................... Mr S A Harvey Company secretary and director

Elite Labour Cornwall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
52a The Butts
Soham
Ely
Cambridgeshire
CB7 5AN

The principal place of business is:
Shirley's
Golva
Bon Cot Road
Newlyn
Cornwall
TR18 5BY

These financial statements were authorised for issue by the director on 26 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency in these financial statements is pounds sterling £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Elite Labour Cornwall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 272,432 | -

Elite Labour Cornwall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Subsidiaries | £
Cost or valuation
Additions | 272,432
Carrying amount
At 31 January 2025 | 272,432

5 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties | 8 | 18 | -
|  | 18 | -

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 600 | -

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 200 | 200 | 100 | 100

8 | Related party transactions

Transactions with the director

2025 | At 1 February 2024 £ | Advances to director £ | Repayments by director £ | At 31 January 2025 £
Mr S A Harvey
Monies owed (to)/from the director. | - | 100 | (100) | -

Elite Labour Cornwall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Summary of transactions with subsidiaries

Elite Labour Solutions Limited - a wholly-owned subsidiary of Elite Labour Cornwall Ltd since 29 October 2024. Inter-company transactions

Loans to related parties

2025 | Subsidiary £ | Total £
Advanced | 272,350 | 272,350
Repaid | (272,332) | (272,332)
At end of period | 18 | 18