COMPANY REGISTRATION NUMBER:
14637453
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Elevate Asset & Commercial Finance Ltd |
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Filleted Unaudited Financial Statements |
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Elevate Asset & Commercial Finance Ltd |
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Year Ended 28th February 2025
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Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements |
1 |
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Statement of Financial Position |
2 |
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Notes to the Financial Statements |
3 |
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Elevate Asset & Commercial Finance Ltd |
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Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Elevate Asset & Commercial Finance Ltd |
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Year Ended 28th February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elevate Asset & Commercial Finance Ltd for the year ended 28th February 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Elevate Asset & Commercial Finance Ltd in accordance with the terms of our engagement letter dated 3rd February 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Elevate Asset & Commercial Finance Ltd and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elevate Asset & Commercial Finance Ltd and its director for our work or for this report.
It is your duty to ensure that Elevate Asset & Commercial Finance Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Elevate Asset & Commercial Finance Ltd. You consider that Elevate Asset & Commercial Finance Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Elevate Asset & Commercial Finance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MJ GREEN ACCOUNTANCY SERVICES LTD
Chartered Certified Accountants
Unit 10
Silver End Business Park
Brettell Lane
Brierley Hill
West Midlands
DY5 3LG
27 October 2025
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Elevate Asset & Commercial Finance Ltd |
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Statement of Financial Position |
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28 February 2025
Current Assets
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Cash at bank and in hand |
365 |
2,314 |
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Creditors: amounts falling due within one year |
5 |
10,858 |
4,102 |
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-------- |
------- |
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Net Current Liabilities |
10,493 |
1,788 |
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-------- |
------- |
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Total Assets Less Current Liabilities |
(
10,493) |
(
1,788) |
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-------- |
------- |
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Net Liabilities |
(
10,493) |
(
1,788) |
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-------- |
------- |
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Capital and Reserves
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Profit and loss account |
(
10,493) |
(
1,788) |
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-------- |
------- |
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Shareholders Deficit |
(
10,493) |
(
1,788) |
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------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28th February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
27 October 2025
, and are signed on behalf of the board by:
Company registration number:
14637453
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Elevate Asset & Commercial Finance Ltd |
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Notes to the Financial Statements |
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Year Ended 28th February 2025
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 10, Silver End Business Park, Brettell Lane, Brierley Hill, West Midlands, DY5 3LG.
2.
Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Creditors:
amounts falling due within one year
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2025 |
2024 |
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£ |
£ |
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Other creditors |
10,858 |
4,102 |
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------- |
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6.
Director's Advances, Credits and Guarantees
During the year the director entered into the following advances and credits with the company:
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2025 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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C Hubble |
(
3,702) |
(
11,036) |
4,300 |
(
10,438) |
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------- |
-------- |
------- |
-------- |
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2024 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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C Hubble |
– |
(
11,212) |
7,510 |
(
3,702) |
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------- |
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The credits to the director were made on an interest free basis and are repayable on demand.