REGISTERED NUMBER: 10574850 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

ELITE CHRISTMAS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms K P Merryweather

Mr A K Sweet

REGISTERED OFFICE:

Wildacres

Farningham Hill Road

Farningham

Kent

DA4 0JR

REGISTERED NUMBER:

10574850 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership Limited

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

107,563

44,277

107,563

44,277

CURRENT ASSETS

Stocks

-

18,833

Debtors

6

36,048

61,672

Cash at bank

205,548

148,230

241,596

228,735

CREDITORS

Amounts falling due within one year

7

137,588

151,410

NET CURRENT ASSETS

104,008

77,325

TOTAL ASSETS LESS CURRENT LIABILITIES

211,571

121,602

CREDITORS

Amounts falling due after more than one year

8

(2,884

)

(9,617

)

PROVISIONS FOR LIABILITIES

9

(2,947

)

(2,032

)

NET ASSETS

205,740

109,953

CAPITAL AND RESERVES

Called up share capital

10

4

4

Retained earnings

11

205,736

109,949

SHAREHOLDERS' FUNDS

205,740

109,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 24 October 2025 and were signed on its behalf by:

Ms K P Merryweather - Director

1.	STATUTORY INFORMATION

Elite Christmas Limited 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.

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.

Turnover

Turnover consists of services provided and is measured at the fair value of the consideration received or receivable excluding value added tax and is recognised on provision of service.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Buildings

-

10% per annum on cost

Plant and machinery

-

25% per annum on reducing balance

Fixtures and fittings

-

25% per annum on reducing balance

Computer equipment

-

25% per annum on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 February 2024

and 31 January 2025

19,500

AMORTISATION

At 1 February 2024

and 31 January 2025

19,500

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Buildings

machinery

fittings

£

£

£

COST

At 1 February 2024

53,384

6,884

475

Additions

46,000

1,156

125

At 31 January 2025

99,384

8,040

600

DEPRECIATION

At 1 February 2024

17,236

3,378

381

Charge for year

6,872

956

34

At 31 January 2025

24,108

4,334

415

NET BOOK VALUE

At 31 January 2025

75,276

3,706

185

At 31 January 2024

36,148

3,506

94

Equipment

Computer

for Hire

equipment

Totals

£

£

£

COST

At 1 February 2024

-

8,236

68,979

Additions

25,000

-

72,281

At 31 January 2025

25,000

8,236

141,260

DEPRECIATION

At 1 February 2024

-

3,707

24,702

Charge for year

-

1,133

8,995

At 31 January 2025

-

4,840

33,697

NET BOOK VALUE

At 31 January 2025

25,000

3,396

107,563

At 31 January 2024

-

4,529

44,277

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

32,629

61,352

Other debtors

3,419

320

36,048

61,672

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,799

6,633

Trade creditors

604

947

Taxation and social security

64,607

46,005

Other creditors

65,578

97,825

137,588

151,410

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,884

9,617

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

2,947

2,032

Deferred

tax

£

Balance at 1 February 2024

2,032

Provided during year

915

Accelerated Capital Allowances

Balance at 31 January 2025

2,947

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4

Ordinary

£1

4

4

11.

RESERVES

Retained

earnings

£

At 1 February 2024

109,949

Profit for the year

109,787

Dividends

(14,000

)

At 31 January 2025

205,736

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the directors K Merryweather £13,396 (2024: £58,987) and A Sweet £18,395 (2024: £12,355).

Dividends were voted in the year of £14,000 (2024: £42,000).

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors due to their equal shareholdings.