ELITE SYSTEMS (GB) LIMITED

ELITE SYSTEMS (GB) LIMITED

ELITE SYSTEMS (GB) LIMITED - Company Information

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ELITE SYSTEMS (GB) LIMITED

Company Registration Number:
02583744 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

ELITE SYSTEMS (GB) LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

ELITE SYSTEMS (GB) LIMITED

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 1,507,064 1,507,545
Total fixed assets: 1,507,064 1,507,545
Current assets
Stocks: 924,523 547,973
Debtors:   1,392,053 1,021,141
Cash at bank and in hand: 1,712,864 2,319,173
Total current assets: 4,029,440 3,888,287
Creditors: amounts falling due within one year:   (1,108,166) (925,574)
Net current assets (liabilities): 2,921,274 2,962,713
Total assets less current liabilities: 4,428,338 4,470,258
Provision for liabilities: (1,756) (5,200)
Total net assets (liabilities): 4,426,582 4,465,058
Capital and reserves
Called up share capital: 1,250 1,250
Profit and loss account: 4,425,332 4,463,808
Shareholders funds: 4,426,582 4,465,058

The notes form part of these financial statements

ELITE SYSTEMS (GB) LIMITED

Balance sheet statements

For the year ending 30 June 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 November 2018
and signed on behalf of the board by:

Name: Anthony Sutcliffe
Status: Director

The notes form part of these financial statements

ELITE SYSTEMS (GB) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Freehold buildings - 2% straight linePlant and machinery - 20% straight lineFixtures and fittings - 20% straight lineMotor vehicles - 25% straight line

ELITE SYSTEMS (GB) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Employees

2018 2017
Average number of employees during the period 29 28

ELITE SYSTEMS (GB) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Tangible Assets

Total
Cost £
At 01 July 2017 1,895,360
Additions 50,397
At 30 June 2018 1,945,757
Depreciation
At 01 July 2017 387,815
Charge for year 50,878
At 30 June 2018 438,693
Net book value
At 30 June 2018 1,507,064
At 30 June 2017 1,507,545

ELITE SYSTEMS (GB) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

4. Loans to directors

Name of director receiving advance or credit: Director 1
Description of the loan: Advance
£
Balance at 01 July 2017 0
Advances or credits made: 500,000
Advances or credits repaid: 0
Balance at 30 June 2018 500,000
Name of director receiving advance or credit: Director 2
Description of the loan: Advance
£
Balance at 01 July 2017 100,500
Advances or credits made: 190,000
Advances or credits repaid: 100,000
Balance at 30 June 2018 190,500