REGISTERED NUMBER: 07925331 (England and Wales)

ELITE DIGITAL SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G T Brierly

I R Duncanson

SECRETARY:

Miss D J M Pearson

REGISTERED OFFICE:

The View

Tan Yr Allt Road

Llanddulas

Abergele

Conway

LL22 8LT

REGISTERED NUMBER:

07925331 (England and Wales)

ACCOUNTANTS:

Murray Smith LLP

Chartered Accountants

Darland House

44 Winnington Hill

Northwich

Cheshire

CW8 1AU

FIXED ASSETS

Intangible assets

4

41,132

56,035

Tangible assets

5

16,928

8,302

58,060

64,337

CURRENT ASSETS

Stocks

45,931

95,768

Debtors

6

245,684

139,635

Cash at bank

410,614

267,060

702,229

502,463

CREDITORS

Amounts falling due within one year

7

443,834

261,850

NET CURRENT ASSETS

258,395

240,613

TOTAL ASSETS LESS CURRENT LIABILITIES

316,455

304,950

CREDITORS

Amounts falling due after more than one year

8

22,653

69,190

NET ASSETS

293,802

235,760

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

293,800

235,758

SHAREHOLDERS' FUNDS

293,802

235,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

I R Duncanson - Director

1.	STATUTORY INFORMATION

Elite Digital Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of eight years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

25% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of the business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on the present value basis.

Government grants

Grants are included in the profit and loss account on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown on the balance sheet. Where income is received in advance of meeting any performance-related conditions there is not unconditional entitlement to the income and its recognition is deferred and included in creditors as deferred income until the performance-related conditions are met. Where entitlement occurs before income is received, the income is accrued.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are measured at the present value of management's best estimate of the expenditure required to settle the present obligation at the end of the reporting period, and are discounted to present value where the effect is material.

Employee benefits

(a) Wages and salaries and annual leave

Liabilities for wages and salaries and annual leave are recognised and are measured as the amount unpaid at the reporting date at current pay rates in respect of employees' services up to that date. They are expected to be settled within one year.

(b) Pensions

The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and the post-retirement benefits is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

119,227

AMORTISATION

At 1 August 2024

63,192

Charge for year

14,903

At 31 July 2025

78,095

NET BOOK VALUE

At 31 July 2025

41,132

At 31 July 2024

56,035

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 August 2024

2,900

1,470

27,579

Additions

-

-

-

Disposals

-

-

-

At 31 July 2025

2,900

1,470

27,579

DEPRECIATION

At 1 August 2024

2,900

276

24,579

Charge for year

-

368

2,000

Eliminated on disposal

-

-

-

At 31 July 2025

2,900

644

26,579

NET BOOK VALUE

At 31 July 2025

-

826

1,000

At 31 July 2024

-

1,194

3,000

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

21,910

3,914

57,773

Additions

17,780

660

18,440

Disposals

(8,700

)

-

(8,700

)

At 31 July 2025

30,990

4,574

67,513

DEPRECIATION

At 1 August 2024

19,518

2,198

49,471

Charge for year

6,290

794

9,452

Eliminated on disposal

(8,338

)

-

(8,338

)

At 31 July 2025

17,470

2,992

50,585

NET BOOK VALUE

At 31 July 2025

13,520

1,582

16,928

At 31 July 2024

2,392

1,716

8,302

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

243,943

117,411

Directors' current accounts

-

20,411

Prepayments

1,741

1,813

245,684

139,635

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,434

5,302

Other loans

40,971

45,119

Trade creditors

156,819

96,188

Corporation tax

53,311

36,207

Social security and other taxes

40,205

35,308

Invoice finance creditor

99,329

38,552

Other creditors

1,826

1,588

Directors' current accounts

42,152

-

Accrued expenses

3,787

3,586

443,834

261,850

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,434

5,302

Bank loans - 2-5 years

16,303

15,906

Bank loans more than 5 years

916

7,011

Other loans - 1-2 years

-

40,971

22,653

69,190

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

916

7,011

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

1

2

2