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Registered number: 06910309
Elite Flooring Online Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Elite Flooring Online Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Elite Flooring Online Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 06910309

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 133,964 |  | 169,038
|  |  | 133,964 |  | 169,038
CURRENT ASSETS
Stocks | 6 | 103,230 |  | 131,096 |
Debtors | 7 | 456,626 |  | 262,561 |
Cash at bank and in hand |  | 26,155 |  | 22,472 |
|  | 586,011 |  | 416,129 |
Creditors: Amounts Falling Due Within One Year | 8 | (522,470 ) |  | (286,489 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 63,541 |  | 129,640
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 197,505 |  | 298,678
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (71,834 ) |  | (105,459 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 11 |  | (31,214 ) |  | (30,230 )
NET ASSETS |  |  | 94,457 |  | 162,989
CAPITAL AND RESERVES
Called up share capital | 12 |  | 180 |  | 180
Capital redemption reserve |  |  | 30 |  | 30
Profit and Loss Account |  |  | 94,247 |  | 162,779
SHAREHOLDERS' FUNDS |  |  | 94,457 |  | 162,989

Page 1
Page 2
Elite Flooring Online Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Terence Marsh Director | Mr Darren Price Director
28 July 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Elite Flooring Online Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Elite Flooring Online Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06910309 . The registered office is Unit 4 Centurion Park, Ceasars Way, Folkstone, Kent, CT19 4AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% on reducing balance
Fixtures & Fittings | 25% on reducing balance
Computer Equipment | 25% on reducing balance

2.6. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives.
Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
Elite Flooring Online Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 7)
8 7
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 April 2024 | 62,000
As at 31 March 2025 | 62,000
Amortisation
As at 1 April 2024 | 62,000
As at 31 March 2025 | 62,000
Net Book Value
As at 31 March 2025 | -
As at 1 April 2024 | -

Page 4
Page 5
Elite Flooring Online Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 April 2024 | 189,596 | 46,834 | 31,042 | 267,472
Additions | - | 7,500 | - | 7,500
As at 31 March 2025 | 189,596 | 54,334 | 31,042 | 274,972
Depreciation
As at 1 April 2024 | 50,476 | 33,952 | 14,006 | 98,434
Provided during the period | 34,782 | 4,648 | 3,144 | 42,574
As at 31 March 2025 | 85,258 | 38,600 | 17,150 | 141,008
Net Book Value
As at 31 March 2025 | 104,338 | 15,734 | 13,892 | 133,964
As at 1 April 2024 | 139,120 | 12,882 | 17,036 | 169,038

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | 100,329 |  | 133,765

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Materials | 93,829 |  | 76,513
Work in progress | 9,401 |  | 54,583
| 103,230 |  | 131,096

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 363,252 |  | 185,243
Prepayments and accrued income | 2,122 |  | 400
Other debtors | 86,741 |  | 71,904
VAT | 4,511 |  | 5,014
| 456,626 |  | 262,561

Page 5
Page 6
Elite Flooring Online Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 25,191 |  | 24,207
Trade creditors | 350,097 |  | 126,795
Bank loans and overdrafts | 23,509 |  | 15,129
Corporation tax | 49,330 |  | 42,536
Other taxes and social security | - |  | 3,747
Other creditors | 441 |  | 54,242
Credit card | 20,530 |  | 13,000
Accruals and deferred income | - |  | 833
Directors' loan accounts | 16,305 |  | 6,000
Amounts owed to associates | 37,067 |  | -
| 522,470 |  | 286,489

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 69,619 |  | 93,228
Bank loans | 2,215 |  | 12,231
| 71,834 |  | 105,459

10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 31,146 |  | 29,256
Later than one year and not later than five years | 74,394 |  | 103,796
| 105,540 |  | 133,052
Less: Finance charges allocated to future periods | 10,730 |  | 15,617
| 94,810 |  | 117,435

11. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 31,214 |  | 30,230

12. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 180 |  | 180

Page 6
Page 7
Elite Flooring Online Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 13,893 |  | 13,893
Later than one year and not later than five years | 39,612 |  | 53,505
| 53,505 |  | 67,398

14. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:

| As at 1 April 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 March 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Terence Marsh | 5,904 | 17,905 | 28,290 | - | 16,289
Mr Darren Price | 96 | 40,448 | 40,367 | - | 15

The above loan is unsecured, interest free, repayable on demand and ranks equally with other unsecured creditors of the company.
15. Related Party Transactions
At the balance sheet date, included within creditors due within one year was £37,067 (2024: £52,859) due to Elite Labour Agency Limited, a company in which the directors have an interest. The amount represents a non interest bearing loan that ranks equally with other creditors.
At the balance sheet date, included within debtors was £59,497 (2024: £57,997) due from Elite Partnership, being an unincorporated partnership which the directors have an interest.The amount represents a non interest bearing loan that is repayable on demand.
16. Ultimate Controlling Party
The company's ultimate controlling parties are D Price and T Marsh by virtue of their equal ownership of 100% of the controlling share capital in the company.
Page 7