Company Registration No. 11206362 (England and Wales)
Elite Basements & Foundations Limited
Unaudited accounts
for the year ended 31 March 2026
Elite Basements & Foundations Limited
Unaudited accounts
Contents
Elite Basements & Foundations Limited
Company Information
for the year ended 31 March 2026
Directors
Garry James Maskell
Shelley Maskell
Company Number
11206362 (England and Wales)
Registered Office
120 Lionel Road
Canvey Island
Essex
SS8 9DY
England
Accountants
Beckett Taylor Limited
167-169 Great Portland Street
5th Floor
London
W1W 5PF
Elite Basements & Foundations Limited
Statement of financial position
as at 31 March 2026
Tangible assets
56,591
77,260
Cash at bank and in hand
134,586
179,669
Creditors: amounts falling due within one year
(107,833)
(137,581)
Net current assets
44,310
82,197
Total assets less current liabilities
100,901
159,457
Creditors: amounts falling due after more than one year
(44,203)
(60,409)
Provisions for liabilities
Deferred tax
(12,552)
(19,330)
Called up share capital
100
100
Profit and loss account
44,046
79,618
Shareholders' funds
44,146
79,718
For the year ending 31 March 2026 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 10 June 2026 and were signed on its behalf by
Garry James Maskell
Director
Company Registration No. 11206362
Elite Basements & Foundations Limited
Notes to the Accounts
for the year ended 31 March 2026
Elite Basements & Foundations Limited is a private company, limited by shares, registered in England and Wales, registration number 11206362. The registered office is 120 Lionel Road, Canvey Island, Essex, SS8 9DY, 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.
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
over 3 years
Motor vehicles
over 3 years
Computer equipment
over 3 years
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Elite Basements & Foundations Limited
Notes to the Accounts
for the year ended 31 March 2026
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
15,630
132,601
2,223
10,352
160,806
Additions
20,000
-
-
-
20,000
At 31 March 2026
35,630
132,601
2,223
10,352
180,806
At 1 April 2025
3,689
70,846
74
8,937
83,546
Charge for the year
7,388
31,989
430
862
40,669
At 31 March 2026
11,077
102,835
504
9,799
124,215
At 31 March 2026
24,553
29,766
1,719
553
56,591
At 31 March 2025
11,941
61,755
2,149
1,415
77,260
Amounts falling due within one year
Trade debtors
15,034
21,184
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
4,147
9,686
Obligations under finance leases and hire purchase contracts
12,058
14,784
Trade creditors
3,974
1,816
Taxes and social security
28,028
46,999
Loans from directors
1,441
3,040
Elite Basements & Foundations Limited
Notes to the Accounts
for the year ended 31 March 2026
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
44,203
56,262
8
Average number of employees
During the year the average number of employees was 2 (2025: 2).