Company Registration No. 13536487 (England and Wales)
Elevate Way Ltd
Unaudited accounts
for the year ended 31 March 2025
Elevate Way Ltd
Unaudited accounts
Contents
Elevate Way Ltd
Company Information
for the year ended 31 March 2025
Directors
Terence David Lengthorn
Sharon Lengthorn
Company Number
13536487 (England and Wales)
Registered Office
233 Eltham Palace Road
London
Greenwich
SE9 5NA
England
Elevate Way Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
26,190
21,403
Cash at bank and in hand
6,324
13,423
Creditors: amounts falling due within one year
(61,284)
(111,929)
Net current assets
125,249
118,896
Total assets less current liabilities
151,439
140,299
Creditors: amounts falling due after more than one year
(1,625)
-
Provisions for liabilities
Deferred tax
(6,548)
(4,067)
Net assets
143,266
136,232
Called up share capital
2
2
Profit and loss account
143,264
136,230
Shareholders' funds
143,266
136,232
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by
Sharon Lengthorn
Director
Company Registration No. 13536487
Elevate Way Ltd
Notes to the Accounts
for the year ended 31 March 2025
Elevate Way Ltd is a private company, limited by shares, registered in England and Wales, registration number 13536487. The registered office is 233 Eltham Palace Road, London, Greenwich, SE9 5NA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 years straight line
Motor vehicles
3 years straight line
Computer equipment
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
At the time of signing these accounts, the directors are of the opinion that the company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared under the going concern basis.
Elevate Way Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
7,251
24,544
1,269
33,064
Additions
569
14,195
459
15,223
At 31 March 2025
7,820
38,739
1,728
48,287
At 1 April 2024
2,076
9,055
530
11,661
Charge for the year
2,170
7,715
551
10,436
At 31 March 2025
4,246
16,770
1,081
22,097
At 31 March 2025
3,574
21,969
647
26,190
At 31 March 2024
5,175
15,489
739
21,403
Amounts falling due within one year
Trade debtors
59,010
65,862
Accrued income and prepayments
12,728
3,462
Other debtors
104,168
141,168
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
32,625
16,738
Taxes and social security
16,725
30,392
Other creditors
10,934
55,690
Loans from directors
-
8,109
Other creditors include an amount owed to it's director, S Lengthorn by the Company. The amount owed at year end was £30 (2024: £nil) and is repayable on demand.
7
Creditors: amounts falling due after more than one year
2025
2024
Elevate Way Ltd
Notes to the Accounts
for the year ended 31 March 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan Account
-
24,299
17,243
7,056
Other debtors include an amount owed to the company by it's director, T Lengthorn. The amount owed at year end was £7,056 (2024: £nil) and is repayable on demand.
9
Average number of employees
During the year the average number of employees was 4 (2024: 3).