Elite Ref-Elec Group Limited - Filleted accounts

Registered number

10343322

Elite Ref-Elec Group Limited

Filleted Accounts

31 March 2026

Elite Ref-Elec Group Limited
Registered number:		10343322
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		342,768			364,042

Current assets
Stocks		15,895			-
Debtors	4	455,840			532,276
Cash at bank and in hand		168,357			141,711
		640,092			673,987

Creditors: amounts falling due within one year	5	(360,715)			(385,964)

Net current assets			279,377			288,023

Total assets less current liabilities			622,145			652,065

Creditors: amounts falling due after more than one year	6		(197,809)			(211,682)

Provisions for liabilities			(17,000)			(15,500)


Net assets			407,336			424,883

Capital and reserves
Called up share capital			100			100
Profit and loss account			407,236			424,783

Shareholders' funds			407,336			424,883

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Luke Bithell
Director
Approved by the board on 20 October 2026

Elite Ref-Elec Group Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	25% reducing balance
	Fixtures, fittings, tools and equipment	25% reducing balance
	Vehicles	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			19		24


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	57,322		475,907		533,229
	Additions	6,471		62,987		69,458
	Disposals	-		(48,465)		(48,465)
	At 31 March 2026	63,793		490,429		554,222

	Depreciation
	At 1 April 2025	25,775		143,412		169,187
	Charge for the year	5,703		54,786		60,489
	On disposals	-		(18,222)		(18,222)
	At 31 March 2026	31,478		179,976		211,454

	Net book value
	At 31 March 2026	32,315		310,453		342,768
	At 31 March 2025	31,547		332,495		364,042


4	Debtors			2026		2025
£					£

	Trade debtors			204,751		427,284
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			251,089		104,992
				455,840		532,276


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			1,667		10,000
	Obligations under finance lease and hire purchase contracts			60,603		47,257
	Trade creditors			124,515		177,720
	Corporation tax			113,104		50,775
	Other taxes and social security costs			51,988		93,617
	Other creditors			8,838		6,595
				360,715		385,964


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		1,667
	Obligations under finance lease and hire purchase contracts			197,809		210,015
				197,809		211,682


7	Related party transactions
	The company made sales of £41,551 (2025: £553,394) to Elite Cooling Services Scotland Limited, a company in which Luke Bithell has a particpating interest.
	The company also made purchases of £78,332 (2025: £1,200,246) from the same company.


8	Other information

	Elite Ref-Elec Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 10 F
	Moston Road
	Sandbach
	Cheshire
	CW11 3HL