Elite Pacific Limited 31/10/2025 iXBRL

Company registration number: 03621228

Elite Pacific Limited

Unaudited filleted financial statements

31 October 2025

Elite Pacific Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Elite Pacific Limited

Directors and other information


Directors	Mr P Coletta	(Resigned 26 June 2025)
	Mrs S L Coletta	(Resigned 26 June 2025)
	Mr K Sennett
	Mrs Amy Sennett	(Appointed 3 July 2025)


Secretary	Mrs A Sennett


Company number	03621228


Registered office	Unit 8, Viaduct Works
	Horbury Bridge
	Horbury
	WF4 5PT


Business address	Unit 8, Viaduct Works
	Horbury Bridge
	Horbury
	Wakefield
	WF4 5PT


Accountants	Streets
	10 Cliff Parade
	Wakefield
	West Yorkshire
	WF1 2TA

Elite Pacific Limited

Statement of financial position

31 October 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	304,306		162,858
		_______		_______
			304,306		162,858

Current assets
Stocks		118,923		94,559
Debtors	6	645,017		815,097
Cash at bank and in hand		261,049		137,656
		_______		_______
		1,024,989		1,047,312
Creditors: amounts falling due
within one year	7	( 612,929)		( 454,675)
		_______		_______
Net current assets			412,060		592,637
			_______		_______
Total assets less current liabilities			716,366		755,495

Creditors: amounts falling due
after more than one year	8		( 77,561)		( 28,902)

Provisions for liabilities			( 86,017)		( 40,715)

			_______		_______
Net assets			552,788		685,878
			_______		_______

Capital and reserves
Called up share capital			20		10
Profit and loss account			552,768		685,868
			_______		_______
Shareholders funds			552,788		685,878
			_______		_______

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr K Sennett

Director

Company registration number: 03621228

Elite Pacific Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 8, Viaduct Works, Horbury Bridge, Horbury, WF4 5PT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15 %	reducing balance
Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: 23 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 November 2024	3,655	45,441	249,102	298,198
Additions	-	-	208,586	208,586
Disposals	-	-	( 36,280)	( 36,280)
	_______	_______	_______	_______
At 31 October 2025	3,655	45,441	421,408	470,504
	_______	_______	_______	_______
Depreciation
At 1 November 2024	2,314	37,901	95,125	135,340
Charge for the year	241	1,054	53,020	54,315
Disposals	-	-	( 23,457)	( 23,457)
	_______	_______	_______	_______
At 31 October 2025	2,555	38,955	124,688	166,198
	_______	_______	_______	_______
Carrying amount
At 31 October 2025	1,100	6,486	296,720	304,306
	_______	_______	_______	_______
At 31 October 2024	1,341	7,540	153,977	162,858
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	499,669	488,610
Amounts owed by group undertakings and undertakings in which the company has a participating interest	101,742	279,734
Other debtors	145,348	46,753
	_______	_______
	746,759	815,097
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	350,869	238,399
Corporation tax	67,935	36,795
Social security and other taxes	110,163	80,249
Other creditors	83,962	99,232
	_______	_______
	612,929	454,675
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	77,561	28,902
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr P Coletta	3,196	-	( 3,196)	-
	Mr K Sennett	12,672	3,488	-	16,160
		_______	_______	_______	_______
		15,868	3,488	( 3,196)	16,160
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr P Coletta	( 320)	3,516	-	3,196
	Mr K Sennett	( 73)	12,745	-	12,672
		_______	_______	_______	_______
		( 393)	16,261	-	15,868
		_______	_______	_______	_______