Elite Building Solutions (Nationwide) Lt - Accounts to registrar (filleted)

REGISTERED NUMBER: 06860103 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Elite Building Solutions (Nationwide)

Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J R Hemsley

Mrs R L Hemsley

REGISTERED OFFICE:

7 Teasel Close

Narborough

Leicestershire

LE19 3DZ

REGISTERED NUMBER:

06860103 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

64,569

88,825

Investments

5

-

16,310

Investment property

6

400,000

464,569

505,135

CURRENT ASSETS

Debtors

7

21,238

17,676

Cash at bank

42,405

144,818

63,643

162,494

CREDITORS

Amounts falling due within one year

8

(46,696

)

(38,203

)

NET CURRENT ASSETS

16,947

124,291

TOTAL ASSETS LESS CURRENT
LIABILITIES

481,516

629,426

CREDITORS

Amounts falling due after more than one
year

9

(26,364

)

(195,162

)

PROVISIONS FOR LIABILITIES

(16,142

)

(22,206

)

NET ASSETS

439,010

412,058

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

438,910

411,958

SHAREHOLDERS' FUNDS

439,010

412,058

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Mr J R Hemsley - Director

1.	STATUTORY INFORMATION

Elite Building Solutions (Nationwide) Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on cost

Computer and office equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

and

Plant and

Motor

office

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

12,363

98,975

10,321

121,659

Additions

286

-

1,499

1,785

At 31 March 2025

12,649

98,975

11,820

123,444

DEPRECIATION

At 1 April 2024

11,332

11,696

9,806

32,834

Charge for year

301

24,744

996

26,041

At 31 March 2025

11,633

36,440

10,802

58,875

NET BOOK VALUE

At 31 March 2025

1,016

62,535

1,018

64,569

At 31 March 2024

1,031

87,279

515

88,825

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

Horse

-

16,310

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

400,000

NET BOOK VALUE

At 31 March 2025

400,000

At 31 March 2024

400,000

The directors consider the fair value of investment property as at 31 March 2025 to be £400,000. Valuations of investment property have been made on an open market value for existing use basis.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

3,625

17,676

Other debtors

17,613

-

21,238

17,676

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

5,556

Trade creditors

5,186

16,933

Taxation and social security

33,579

8,884

Other creditors

2,375

6,830

46,696

38,203

Other creditors includes accruals and deferred income of £2,375 (2024 - £2,075).

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

26,364

195,162

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans due in more than

5 years

-

162,853

-

162,853

Repayable by instalments

Bank loans due in more than 5

years

4,141

10,086

4,141

10,086

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

-

163,307

Bank loans are secured on the investment properties of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

Mr J R Hemsley

Balance outstanding at start of year

-

Amounts advanced

13,385

25,562

Amounts repaid

(5,272

)

(25,562

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

8,113

-

Mrs R L Hemsley

Balance outstanding at start of year

-

Amounts advanced

9,500

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

9,500

-

The loan was repayable on demand and interest has been charged at the HMRC Official Rate.