REGISTERED NUMBER: 11231624 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ELITE REFURBS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr I Iqbal

SECRETARY:

REGISTERED OFFICE:

45 Greenways

Abbots Langley

Hertfordshire

WD5 0EU

REGISTERED NUMBER:

11231624 (England and Wales)

ACCOUNTANTS:

Visana

45 Greenways

Abbots Langley

Hertfordshire

WD5 0EU

FIXED ASSETS

Tangible assets

4

24,850

14,530

CURRENT ASSETS

Debtors

5

70,198

36,067

Cash at bank

16,885

148

87,083

36,215

CREDITORS

Amounts falling due within one year

6

23,340

4,123

NET CURRENT ASSETS

63,743

32,092

TOTAL ASSETS LESS CURRENT LIABILITIES

88,593

46,622

CREDITORS

Amounts falling due after more than one year

7

34,802

27,445

NET ASSETS

53,791

19,177

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

53,691

19,077

SHAREHOLDERS' FUNDS

53,791

19,177

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 director acknowledges his 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 director and authorised for issue on 16 December 2025 and were signed by:

Mr I Iqbal - Director

1.	STATUTORY INFORMATION

Elite Refurbs 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.

Fixtures, fittings & Equipment

-

15% on cost

Motor vehicles

-

20% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Plant and

fittings

Motor

machinery

& Equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

-

2,000

30,060

32,060

Additions

14,220

3,000

-

17,220

At 31 March 2025

14,220

5,000

30,060

49,280

DEPRECIATION

At 1 April 2024

-

900

16,630

17,530

Charge for year

2,130

300

4,470

6,900

At 31 March 2025

2,130

1,200

21,100

24,430

NET BOOK VALUE

At 31 March 2025

12,090

3,800

8,960

24,850

At 31 March 2024

-

1,100

13,430

14,530

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other Debtors

70,198

36,067

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Corporation Tax

5,699

736

Creditors and Accruals

15,289

1,035

Directors' current accounts

2,352

2,352

23,340

4,123

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank Loan

-

17,189

Bank Loan No 2

4,802

8,795

Hire Purchase Loans

-

1,461

New Loan

30,000

-

34,802

27,445

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary Shares

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2024

19,077

Profit for the year

34,614

At 31 March 2025

53,691