REGISTERED NUMBER: 02914728 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ELITE AVIATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K L Hills

B J Hills

SECRETARY:

K L Hills

REGISTERED OFFICE:

22 Tiltwood Drive

Crawley Down

Crawley

West Sussex

RH10 4PH

REGISTERED NUMBER:

02914728 (England and Wales)

ACCOUNTANTS:

Carpenter Box Limited

26 Stroudley Road

Brighton

East Sussex

BN1 4BH

FIXED ASSETS

Tangible assets

4

674

904

CURRENT ASSETS

Debtors

5

5,445

5,676

Cash at bank and in hand

428

708

5,873

6,384

CREDITORS

Amounts falling due within one year

6

9,537

4,962

NET CURRENT (LIABILITIES)/ASSETS

(3,664

)

1,422

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,990

)

2,326

CREDITORS

Amounts falling due after more than one year

7

333

2,333

NET LIABILITIES

(3,323

)

(7

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(3,325

)

(9

)

SHAREHOLDERS' FUNDS

(3,323

)

(7

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 December 2025 and were signed on its behalf by:

K L Hills - Director

1.	STATUTORY INFORMATION

Elite Aviation 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the forseeable future. The company relies on the support of its directors, who have indicated that they will continue to support the trading activities of the company. The directors are satisfied that the going concern basis of preparing the financial statements is appropriate.

Turnover

Revenue is measured at fair value of the consideration received or receivable. Revenue represents amounts receivable from the company's activities.

Revenue is recognised when the service has taken place.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

16,688

DEPRECIATION

At 1 April 2024

15,784

Charge for year

230

At 31 March 2025

16,014

NET BOOK VALUE

At 31 March 2025

674

At 31 March 2024

904

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,805

3,594

Other debtors

1,640

2,082

5,445

5,676

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,076

2,000

Trade creditors

996

904

Taxation and social security

502

738

Other creditors

1,963

1,320

9,537

4,962

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

333

2,333

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

K L Hills

Balance outstanding at start of year

1,130

2,931

Amounts advanced

-

111

Amounts repaid

(442

)

(1,912

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

688

1,130

The loan is interest free and repayable on demand.