ELITE FINANCIAL SOLUTIONS (U.K.) LIMITED

ELITE FINANCIAL SOLUTIONS (U.K.) LIMITED
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		7,290			7,783

Current assets
Debtors	4	32,444			24,310
Cash at bank and in hand		130,797			111,739

		163,241			136,049
Creditors: amounts falling due within one year	5	(51,403)			(45,252)

Net current assets			111,838			90,797

Total assets less current liabilities			119,128			98,580

Creditors: amounts falling due after more than one year			(5,067)			(12,666)

Provisions for liabilities			(1,385)			(1,470)

Net assets			112,676			84,444

Capital and reserves
Called up share capital			600			600
Profit and loss account			112,076			83,844

Shareholder's funds			112,676			84,444

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The member has not required the company to obtain an audit in accordance with section 476 of the Act.

The director acknowledges her 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.




MRS. J.A. BAILEY
Director
Approved by the board on 5 December 2025

ELITE FINANCIAL SOLUTIONS (U.K.) LIMITED
Notes to the Accounts
for the year ended 30 June 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).

	Commission
	Commission is accounted for in the profit and loss account on a receipts basis adjusted for commissions due which was earned in the accounting period but not received until after the accounting reference date. Provision for repayment of commission earned on indemnity terms is made at a rate of 7.5% of the cumulative indemnity commission earned that potentially remains repayable.

	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, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

	Fixtures, fittings and equipment	15% reducing balance basis

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. Current and deferred tax assets and liabilities are not discounted.





	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.



2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		4		4


3	Tangible fixed assets
					Fixtures, fittings and equipment
£
	Cost
	At 1 July 2024				27,088
	Additions				799
	At 30 June 2025				27,887

	Depreciation
	At 1 July 2024				19,305
	Charge for the year				1,292
	At 30 June 2025				20,597

	Net book value
	At 30 June 2025				7,290
	At 30 June 2024				7,783


4	Debtors		2025		2024
£				£

	Trade debtors		32,444		24,310


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

	Bank loans and overdrafts (unsecured)		7,600		7,600
	Trade creditors		3,395		3,245
	Corporation tax		16,621		13,835
	Taxes and social security costs		100		107
	Director's loan account		23,687		20,465
			51,403		45,252


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

	Bank loans (unsecured)		5,067		12,666






7	Contingent liabilities
	There is a contingent liability in respect of the potential repayment of commissions earned on indemnity terms. On the basis of current indications the director considers that a provision of 7.5% of cumulative indemnity commission earned would more than adequately cover any potential liability. No liabilities have been notified at the date of the director's report, and no complaints were outstanding at that date.


8	Controlling party
	The sole director of the company at the Balance Sheet date owns 100% of the total issued share capital of the company.


9	Other information
	ELITE FINANCIAL SOLUTIONS (U.K.) LIMITED is a private company limited by shares and incorporated in England (Company Number 05813957). Its registered office is Unit 1, 888 London Road, Oakhill, Stoke-on-Trent, Staffordshire, ST4 5NX.