Company Registration No. 10179295 (England and Wales)
Elite Groundcare Ltd
Unaudited accounts
for the year ended 31 March 2025
Elite Groundcare Ltd
Unaudited accounts
Contents
Elite Groundcare Ltd
Company Information
for the year ended 31 March 2025
Directors
Darren Varney
Steve Honey
Company Number
10179295 (England and Wales)
Registered Office
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL
United Kingdom
Accountants
P10 Accountancy Ltd
Egerton House
68 Baker Street
Weybridge
KT13 8AL
Elite Groundcare Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
34,256
59,031
Cash at bank and in hand
2,780
23,266
Creditors: amounts falling due within one year
(100,661)
(93,021)
Net current assets/(liabilities)
22,534
(24,636)
Total assets less current liabilities
56,790
34,395
Creditors: amounts falling due after more than one year
(55,703)
(32,707)
Called up share capital
100
100
Profit and loss account
987
1,588
Shareholders' funds
1,087
1,688
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 23 December 2025 and were signed on its behalf by
Darren Varney
Director
Company Registration No. 10179295
Elite Groundcare Ltd
Notes to the Accounts
for the year ended 31 March 2025
Elite Groundcare Ltd is a private company, limited by shares, registered in England and Wales, registration number 10179295. The registered office is Egerton House, 68 Baker Street, Weybridge, Surrey, KT13 8AL, United Kingdom.
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.
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.
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
33% Straight Line
Motor vehicles
20% Straight Line
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.
The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
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.
Elite Groundcare Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The accounts are presented in £ sterling.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
32,610
90,625
123,235
Disposals
-
(17,000)
(17,000)
At 31 March 2025
32,610
73,625
106,235
At 1 April 2024
21,377
42,827
64,204
Charge for the year
6,650
14,725
21,375
On disposals
-
(13,600)
(13,600)
At 31 March 2025
28,027
43,952
71,979
At 31 March 2025
4,583
29,673
34,256
At 31 March 2024
11,233
47,798
59,031
Amounts falling due within one year
Trade debtors
26,792
15,456
Accrued income and prepayments
18,924
7,170
Other debtors
74,699
22,493
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
15,617
-
Obligations under finance leases and hire purchase contracts
10,815
10,815
Trade creditors
8,619
29,281
Taxes and social security
49,993
40,098
Elite Groundcare Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
21,893
32,707
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
9
Average number of employees
During the year the average number of employees was 5 (2024: 6).