ELITE BUILDING & DECORATION LIMITED

Registered number

08731157

Filleted Accounts

31 January 2025

ELITE BUILDING & DECORATION LIMITED
Registered number:		08731157
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		777			971
			777			971

Current assets
Stocks		3,891			3,848
Cash at bank and in hand		18,784			34,404
		22,675			38,252

Creditors: amounts falling due within one year	4	(4,430)			(10,303)

Net current assets			18,245			27,949

Total assets less current liabilities			19,022			28,920

Creditors: amounts falling due after more than one year	5		(16,515)			(26,612)


Net assets			2,507			2,308

Capital and reserves
Called up share capital			1			1
Share premium			-			-
Revaluation reserve			-			-
Profit and loss account			2,506			2,307

Shareholder's funds			2,507			2,308

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Kamber Yilmaz
Director
Approved by the board on 9 October 2025

ELITE BUILDING & DECORATION LIMITED
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1



3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2024	-		2,500		-		2,500
	Additions	-		-		-		-
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 31 January 2025	-		2,500		-		2,500

	Depreciation
	At 1 February 2024	-		1,529		-		1,529
	Charge for the year	-		194		-		194
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 31 January 2025	-		1,723		-		1,723

	Net book value
	At 31 January 2025	-		777		-		777
	At 31 January 2024	-		971		-		971



4	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					-		267
	Taxation and social security costs					3,595		2,631
	Other creditors					835		7,405
						4,430		10,303


5	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					16,515		26,612
						16,515		26,612





6	Controlling party
	Kamber Yilmaz


7	Other information

	ELITE BUILDING & DECORATION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	36 Michelson House
	14 Black Prince Road
	London
	England
	S11 6HX