ELITE WOODWORK LIMITED - Filleted accounts

ELITE WOODWORK LIMITED
Registered number:		05739985
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		15,538			20,717

Current assets
Debtors	4	57,558			71,365
Cash at bank and in hand		11,075			45,686
		68,633			117,051

Creditors: amounts falling due within one year	5	(53,920)			(87,750)

Net current assets			14,713			29,301

Total assets less current liabilities			30,251			50,018

Creditors: amounts falling due after more than one year	6		-			(3,739)



Net assets			30,251			46,279

Capital and reserves
Called up share capital			2			2
Profit and loss account			30,249			46,277

Shareholders' funds			30,251			46,279

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Matthew George French
Director
Approved by the board on 10 December 2025

ELITE WOODWORK LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% on reducing value
	Motor Vehicle	25% on reducing value

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	101,946		29,906		131,852
	At 31 March 2025	101,946		29,906		131,852

	Depreciation
	At 1 April 2024	86,955		24,180		111,135
	Charge for the year	3,748		1,431		5,179
	At 31 March 2025	90,703		25,611		116,314

	Net book value
	At 31 March 2025	11,243		4,295		15,538
	At 31 March 2024	14,991		5,726		20,717


4	Debtors			2025		2024
£					£

	Trade debtors			57,558		71,365


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			27,152		29,374
	Taxation and social security costs			6,437		35,008
	Other creditors			20,331		23,368
				53,920		87,750


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			-		3,739


7	Other information

	ELITE WOODWORK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	45 Sheaf Street Nediab Accountants
	Daventry
	Northamptonshire
	England
	NN11 4AA