REGISTERED NUMBER: 03116211 (England and Wales)

Elite Motor Tune (1996) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Lane

SECRETARY:

B Lane

REGISTERED OFFICE:

4 Pavilion Court

600 Pavilion Drive

Brackmills Business Park

Northampton

NN4 7SL

REGISTERED NUMBER:

03116211 (England and Wales)

ACCOUNTANTS:

Kilby Fox

Chartered Accountants

4 Pavilion Court

600 Pavilion Drive

Northampton Business Park

Northampton

Northamptonshire

NN4 7SL

FIXED ASSETS

Tangible assets

4

406,425

318,946

CURRENT ASSETS

Stocks

48,000

63,000

Debtors

5

34,716

45,678

Cash in hand

2,161

2,180

84,877

110,858

CREDITORS

Amounts falling due within one year

6

234,238

235,307

NET CURRENT LIABILITIES

(149,361

)

(124,449

)

TOTAL ASSETS LESS CURRENT LIABILITIES

257,064

194,497

CREDITORS

Amounts falling due after more than one year

7

(110,075

)

(57,807

)

PROVISIONS FOR LIABILITIES

-

(6,787

)

NET ASSETS

146,989

129,903

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

17,000

17,000

Retained earnings

129,889

112,803

SHAREHOLDERS' FUNDS

146,989

129,903

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 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2026 and were signed by:

B Lane - Director

1.	STATUTORY INFORMATION

Elite Motor Tune (1996) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Office equipment

-

15% on reducing balance

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 Income Statement, 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

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

192,311

216

362,665

13,247

568,439

Additions

32,320

-

108,169

833

141,322

Disposals

-

-

(39,500

)

-

(39,500

)

At 31 December 2025

224,631

216

431,334

14,080

670,261

DEPRECIATION

At 1 January 2025

135,656

109

103,473

10,255

249,493

Charge for year

5,804

16

39,870

653

46,343

Eliminated on disposal

-

-

(32,000

)

-

(32,000

)

At 31 December 2025

141,460

125

111,343

10,908

263,836

NET BOOK VALUE

At 31 December 2025

83,171

91

319,991

3,172

406,425

At 31 December 2024

56,655

107

259,192

2,992

318,946

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

40,774

188,698

229,472

DEPRECIATION

At 1 January 2025

and 31 December 2025

16,589

70,752

87,341

NET BOOK VALUE

At 31 December 2025

24,185

117,946

142,131

At 31 December 2024

24,185

117,946

142,131

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

344

2,329

Amounts recoverable on contract

25,000

30,000

Other debtors

9,372

13,349

34,716

45,678

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

25,218

20,646

Hire purchase contracts

90,056

56,964

Trade creditors

67,668

72,389

Taxation and social security

46,375

62,262

Other creditors

4,921

23,046

234,238

235,307

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

110,075

57,807

8.	ULTIMATE CONTROLLING PARTY

The controlling party is B Lane.

9.	SECURED DEBTS