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Company Registration No. 07023735 (England and Wales)
Elegant Products Limited Unaudited accounts for the year ended 31 October 2025
Elegant Products Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Elegant Products Limited Company Information for the year ended 31 October 2025
Directors
Mrs Y McGuire Mr C T McGuire
Company Number
07023735 (England and Wales)
Registered Office
Elegant Products Ltd 1b St. Vincent Street Barrow-in-Furness Cumbria LA14 2NT England
Accountants
EHA Accountancy Ltd 2 Lower Brook Street Ulverston Cumbria LA12 7EE
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Elegant Products Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
133,695
161,451
Current assets
Inventories
57,409
90,468
Debtors
5
59,558
55,872
Cash at bank and in hand
385,182
521,140
502,149
667,480
Creditors: amounts falling due within one year
6
(245,038)
(338,874)
Net current assets
257,111
328,606
Total assets less current liabilities
390,806
490,057
Creditors: amounts falling due after more than one year
7
(18,806)
(23,914)
Provisions for liabilities
Deferred tax
(16,029)
(22,968)
Net assets
355,971
443,175
Capital and reserves
Called up share capital
100
100
Profit and loss account
355,871
443,075
Shareholders' funds
355,971
443,175
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by
Mr C T McGuire Director Company Registration No. 07023735
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Elegant Products Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Elegant Products Limited is a private company, limited by shares, registered in England and Wales, registration number 07023735. The registered office is Elegant Products Ltd, 1b St. Vincent Street, Barrow-in-Furness, Cumbria, LA14 2NT, 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 remained unchanged from the previous year, and also 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
10% reducing balance
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Elegant Products Limited Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2024
52,886
10,629
200,058
51,102
314,675
Additions
-
-
-
11,676
11,676
Disposals
-
-
(10,540)
-
(10,540)
At 31 October 2025
52,886
10,629
189,518
62,778
315,811
Depreciation
At 1 November 2024
10,554
8,142
114,267
20,261
153,224
Charge for the year
4,233
622
20,614
10,629
36,098
On disposals
-
-
(7,206)
-
(7,206)
At 31 October 2025
14,787
8,764
127,675
30,890
182,116
Net book value
At 31 October 2025
38,099
1,865
61,843
31,888
133,695
At 31 October 2024
42,332
2,487
85,791
30,841
161,451
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
44,003
55,872
Other debtors
15,555
-
59,558
55,872
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
36,344
57,421
Obligations under finance leases and hire purchase contracts
5,913
6,717
Trade creditors
81,294
61,600
Taxes and social security
33,324
121,347
Other creditors
88,163
91,789
245,038
338,874
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
18,806
23,914
8
Transactions with related parties
The directors loan account was overdrawn at the year end by £12,491 which has since be repaid. (2024: In credit £306)
9
Average number of employees
During the year the average number of employees was 15 (2024: 16).
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