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Registered Number: 14436249
England and Wales

 

 

 

ELITE RAIL LTD



Abridged Accounts
 


Period of accounts

Start date: 01 November 2023

End date: 30 October 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Intangible fixed assets 3 3,486    4,648 
Tangible fixed assets 4 1,815    2,626 
5,301    7,274 
Current assets      
Stocks 15,800    0 
Debtors 50    38,928 
Cash at bank and in hand 3    440 
15,853    39,368 
Creditors: amount falling due within one year (20,233)   (46,044)
Net current assets (4,380)   (6,676)
 
Total assets less current liabilities 921    598 
Net assets 921    598 
 

Capital and reserves 		     
Called up share capital 5 100    100 
Profit and loss account 821    498 
Shareholders' funds 921    598 
 


For the year ended 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 October 2025 and were signed on its behalf by:


-------------------------------
Ryan Stephen Smith
Director
1
General Information
Elite Rail Ltd is a private company, limited by shares, registered in England and Wales, registration number 14436249, registration address C/O Burton Varley Ltd, , Suite 3, 2nd Floor Didsbury House, 748-754 Wilmslow Road, Manchester, M20 2DW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight Line
Fixtures and Fittings 15% Straight Line
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Intangible fixed assets

Cost Patents   Total
  £   £
At 01 November 2023 5,810    5,810 
Additions -    - 
Disposals -    - 
At 30 October 2024 5,810    5,810 
Amortisation
At 01 November 2023 1,162    1,162 
Charge for year 1,162    1,162 
On disposals -    - 
At 30 October 2024 2,324    2,324 
Net book values
At 30 October 2024 3,486    3,486 
At 31 October 2023 4,648    4,648 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 November 2023 668    1,038    1,577    3,283 
Additions -    -    -    - 
Disposals -    -    -    - 
At 30 October 2024 668    1,038    1,577    3,283 
Depreciation
At 01 November 2023 134    208    315    657 
Charge for year 134    156    521    811 
On disposals -    -    -    - 
At 30 October 2024 268    364    836    1,468 
Net book values
Closing balance as at 30 October 2024 400    674    741    1,815 
Opening balance as at 01 November 2023 534    830    1,262    2,626 


5.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2