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Company Registration No. 14558834 (England and Wales)
Elite Motors Hire Ltd Unaudited accounts for the year ended 31 December 2024
Elite Motors Hire Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Elite Motors Hire Ltd Company Information for the year ended 31 December 2024
Director
Muhammad Aamer Hashmi
Company Number
14558834 (England and Wales)
- 3 -
Elite Motors Hire Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
92,861 
97,021 
Current assets
Cash at bank and in hand
24,617 
15,252 
Creditors: amounts falling due within one year
5
(130,525)
(16,260)
Net current liabilities
(105,908)
(1,008)
Total assets less current liabilities
(13,047)
96,013 
Creditors: amounts falling due after more than one year
6
- 
(56,900)
Net (liabilities)/assets
(13,047)
39,113 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(13,147)
39,013 
Shareholders' funds
(13,047)
39,113 
For the year ending 31 December 2024 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 director acknowledges his 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 and authorised for issue on 30 September 2025 and were signed on its behalf by
Muhammad Aamer Hashmi Director Company Registration No. 14558834
- 4 -
Elite Motors Hire Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Elite Motors Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 14558834.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Motor vehicles
25% Reducing balance basis
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2024
122,571 
Additions
75,118 
Disposals
(59,300)
At 31 December 2024
138,389 
Depreciation
At 1 January 2024
25,550 
Charge for the year
30,953 
On disposals
(10,975)
At 31 December 2024
45,528 
Net book value
At 31 December 2024
92,861 
At 31 December 2023
97,021 
- 5 -
Elite Motors Hire Ltd Notes to the Accounts for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
56,900 
- 
Loans from directors
69,375 
14,760 
Accruals
4,250 
1,500 
130,525 
16,260 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
56,900 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -