REGISTERED NUMBER: 15105623 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

ELITE ALLOYS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S M Spedding

REGISTERED OFFICE:

1, Rock Cottage

Back Casson Street

Ulverston

Cumbria

LA12 7JH

REGISTERED NUMBER:

15105623 (England and Wales)

BANKERS:

Tide Platform Ltd

5th Floor 1 Appold Street

London

EC2A 2UT

FIXED ASSETS

Tangible assets

4

797

1,063

CURRENT ASSETS

Debtors

21,479

19,971

Cash at bank

2,197

3,185

23,676

23,156

CREDITORS

Amounts falling due within one year

30,980

24,034

NET CURRENT LIABILITIES

(7,304

)

(878

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,507

)

185

CAPITAL AND RESERVES

Called up share capital

5

1

1

Retained earnings

(6,508

)

184

SHAREHOLDERS' FUNDS

(6,507

)

185

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

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

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 May 2026 and were signed by:

Mr S M Spedding - Director

1.	STATUTORY INFORMATION

Elite Alloys Ltd 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.

The financial statements have been prepared on the going concern basis.

Turnover

Turnover represents net invoiced sales of goods and services as adjusted for accrued income excluding VAT.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

and 31 August 2025

1,330

DEPRECIATION

At 1 September 2024

267

Charge for year

266

At 31 August 2025

533

NET BOOK VALUE

At 31 August 2025

797

At 31 August 2024

1,063

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1

Ordinary

£1

1

1

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 August 2025 and the period ended 31 August 2024:

31.8.25

31.8.24

£

£

Mr S M Spedding

Balance outstanding at start of year

16,436

-

Amounts advanced

20,429

16,436

Amounts repaid

(16,436

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,429

16,436

During the financial year the director was charged £522 interest on the loan which is unsecured and repayable on demand.

7.	RELATED PARTY DISCLOSURES

Mr T Spedding:

During the period, the day to day running of the garage was carried out by Mr T Spedding, the son of the Mr S Spedding. Mr T Spedding did not receive any remuneration arrangement in the period and is neither an employee or shareholder in the company, however is deemed to be a related party due to his involvement in the business during this period.

Smarter Cars Ulverston Ltd (SMU):

During the period SMU, a company jointly owned by Mr S Spedding, advanced on an interest-free basis £27,300 (2024 : £22,500) to the company. The amount is unsecured and repayable on demand.

Elite UPVC Coatings Ltd (EUPVCC):

During the period EUPVCC, a company wholly controlled by Mr T Spedding, advanced on an interest-free basis £1,140 (2024 : £500) to the company. The amount is unsecured and repayable on demand.

During the period, EUPVCC also made sales of £13,870 to the company in respect of sub-contract labour undertaken.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S M Spedding.