REGISTERED NUMBER: 01557368 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Elite Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Nickson

J D Nickson

S D Nickson

REGISTERED OFFICE:

Unit 6 Adswood Road Industrial Estate

Adswood Road

Stockport

Cheshire

SK3 8LF

REGISTERED NUMBER:

01557368 (England and Wales)

ACCOUNTANTS:

Lucas Reis Ltd

Chartered Accountants

Lansdowne House

85 Buxton Road

Stockport

Cheshire

SK2 6LR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,430,803

846,187

1,430,803

846,187

CURRENT ASSETS

Stocks

31,580

30,246

Debtors

6

406,677

261,908

Cash at bank and in hand

3,829

11,264

442,086

303,418

CREDITORS

Amounts falling due within one year

7

615,879

366,449

NET CURRENT LIABILITIES

(173,793

)

(63,031

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,257,010

783,156

CREDITORS

Amounts falling due after more than one year

8

(882,487

)

(420,401

)

PROVISIONS FOR LIABILITIES

(48,878

)

(45,463

)

NET ASSETS

325,645

317,292

CAPITAL AND RESERVES

Called up share capital

10

21,000

21,000

Revaluation reserve

11

212,454

212,454

Retained earnings

92,191

83,838

SHAREHOLDERS' FUNDS

325,645

317,292

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2026 and were signed on its behalf by:

S D Nickson - Director

1.	STATUTORY INFORMATION

Elite Services 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.

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 as modified by the revaluation of certain assets.

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 2015, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

5% on cost

Plant and machinery etc

-

33% on reducing balance, 25% on cost, 15% on cost and 10% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating lease commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

33,250

AMORTISATION

At 1 January 2025

and 31 December 2025

33,250

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

306,454

1,589,111

1,895,565

Additions

-

757,053

757,053

At 31 December 2025

306,454

2,346,164

2,652,618

DEPRECIATION

At 1 January 2025

78,712

970,666

1,049,378

Charge for year

6,129

166,308

172,437

At 31 December 2025

84,841

1,136,974

1,221,815

NET BOOK VALUE

At 31 December 2025

221,613

1,209,190

1,430,803

At 31 December 2024

227,742

618,445

846,187

Cost or valuation at 31 December 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2022

174,665

-

174,665

Cost

131,789

2,346,164

2,477,953

306,454

2,346,164

2,652,618

If land and buildings had not been revalued they would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

131,789

131,789

Aggregate depreciation

65,597

65,597

Freehold land and buildings were valued on an open market basis basis on 5 December 2023 by Impey & Company Ltd .

Included within the net book value of £1,430,802 is £1,136,204 (2024: £588,540) relating to assets held under hire purchase agreements. The depreciation charged to the accounts in the year in respect of such assets amounted to £135,074 (2024: £85,080).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

139,671

156,901

Other debtors

267,006

105,007

406,677

261,908

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

56,354

22,814

Hire purchase contracts

260,718

135,523

Trade creditors

132,391

43,744

Taxation and social security

63,012

59,613

Other creditors

103,404

104,755

615,879

366,449

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

84,326

94,787

Hire purchase contracts

741,291

325,614

Other creditors

56,870

-

882,487

420,401

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

3,532

Hire purchase

152,308

-

152,308

3,532

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank overdraft

34,398

-

Bank loans

106,282

117,601

140,680

117,601

The bank loans and overdrafts are secured by a legal charge over the freehold property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

21,000

Ordinary

£1

21,000

21,000

11.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

212,454

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

D R Nickson

Balance outstanding at start of year

-

-

Amounts advanced

10,764

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,764

-

13.	ULTIMATE CONTROLLING PARTY

The controlling party is D R Nickson.