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Company Registration No. 16342073 (England and Wales)
Elite Flips Ltd Unaudited accounts for the period from 25 March 2025 to 31 March 2026
Elite Flips Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Elite Flips Ltd Company Information for the period from 25 March 2025 to 31 March 2026
Director
Sukhwinder Singh SANDHAWALIA
Company Number
16342073 (England and Wales)
Registered Office
2 Omrod Road Heywood Lancashire OL10 1FQ England
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Elite Flips Ltd Statement of financial position as at 31 March 2026
2026 
Notes
£ 
Fixed assets
Tangible assets
4
104,165 
Current assets
Cash at bank and in hand
200 
Creditors: amounts falling due within one year
5
(105,725)
Net current liabilities
(105,525)
Net liabilities
(1,360)
Capital and reserves
Called up share capital
100 
Profit and loss account
(1,460)
Shareholders' funds
(1,360)
For the period ending 31 March 2026 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 27 April 2026 and were signed on its behalf by
Sukhwinder Singh SANDHAWALIA Director Company Registration No. 16342073
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Elite Flips Ltd Notes to the Accounts for the period from 25 March 2025 to 31 March 2026
1
Statutory information
Elite Flips Ltd is a private company, limited by shares, registered in England and Wales, registration number 16342073. The registered office is 2 Omrod Road, Heywood, Lancashire, OL10 1FQ, England.
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 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:
Land & buildings
95365
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 25 March 2025
- 
Additions
104,165 
At 31 March 2026
104,165 
Depreciation
At 31 March 2026
- 
Net book value
At 31 March 2026
104,165 
5
Creditors: amounts falling due within one year
2026 
£ 
Other creditors
480 
Loans from directors
105,245 
105,725 
6
Average number of employees
During the period the average number of employees was 0.
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