Company Registration No. 09717681 (England and Wales)
Elite Automotive Ltd
Unaudited accounts
for the year ended 31 August 2025
Elite Automotive Ltd
Unaudited accounts
Contents
Elite Automotive Ltd
Company Information
for the year ended 31 August 2025
Directors
Chandandeep Singh
Syed Shahryar Kamal
Sana Shahryar Kamal
Company Number
09717681 (England and Wales)
Registered Office
Hilton Car Supermarket Auckland Park
Bletchley
Milton Keynes
MK1 1BU
England
Accountants
Griffin and Sage Limited
172 Park Road
Peterborough
PE1 2UF
Elite Automotive Ltd
Statement of financial position
as at 31 August 2025
Intangible assets
50,216
54,583
Tangible assets
527,115
658,893
Inventories
9,423,029
7,534,784
Debtors
1,661,588
1,420,290
Cash at bank and in hand
1,718,215
2,062,048
Creditors: amounts falling due within one year
(9,046,215)
(7,316,735)
Net current assets
3,756,617
3,700,387
Net assets
4,333,948
4,413,863
Called up share capital
100
100
Profit and loss account
4,333,848
4,413,763
Shareholders' funds
4,333,948
4,413,863
For the year ending 31 August 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 29 August 2026 and were signed on its behalf by
Chandandeep Singh
Director
Company Registration No. 09717681
Elite Automotive Ltd
Notes to the Accounts
for the year ended 31 August 2025
Elite Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 09717681. The registered office is Hilton Car Supermarket Auckland Park, Bletchley, Milton Keynes, MK1 1BU, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
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.
Dividends of £254,062 were declared during the year in respect of Syed Shahryar Kamal.
Elite Automotive Ltd
Notes to the Accounts
for the year ended 31 August 2025
4
Intangible fixed assets
Other
At 1 September 2024
65,500
At 1 September 2024
10,917
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
725,666
310,199
75,190
1,111,055
At 31 August 2025
725,666
310,199
75,190
1,111,055
At 1 September 2024
174,632
254,797
22,733
452,162
Charge for the year
110,207
10,491
11,080
131,778
At 31 August 2025
284,839
265,288
33,813
583,940
At 31 August 2025
440,827
44,911
41,377
527,115
At 31 August 2024
551,034
55,402
52,457
658,893
Amounts falling due within one year
Trade debtors
701,031
422,320
Accrued income and prepayments
194,584
54,832
Other debtors
765,973
943,138
Elite Automotive Ltd
Notes to the Accounts
for the year ended 31 August 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
41,159
57,634
Trade creditors
490,248
31,330
Taxes and social security
457,219
441,825
Other creditors
7,417,578
6,719,642
Loans from directors
614,180
-
Included within Other creditors is £7,333,741 (2024: £6,719,642) in respect of stocking loans.
8
Average number of employees
During the year the average number of employees was 40 (2024: 26).