Elite Solutions Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07061968 (England and Wales)

Abbreviated Accounts for the Year Ended 31 October 2015

for

ELITE SOLUTIONS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs M E Ikedife

REGISTERED OFFICE:

94 Monteagle Way Clapton

Hackney

London

E5 8JF

REGISTERED NUMBER:

07061968 (England and Wales)

ACCOUNTANTS:

Samuelsons & Co

Chartered Certified Accountants

The Brentano Suite

Solar House

915 High Road

North Finchley

London

N12 8QJ

FIXED ASSETS

Tangible assets

2

25,594

21,065

CURRENT ASSETS

Debtors

176,951

139,904

Cash at bank

54

10,665

177,005

150,569

CREDITORS

Amounts falling due within one year

89,617

69,696

NET CURRENT ASSETS

87,388

80,873

TOTAL ASSETS LESS CURRENT
LIABILITIES

112,982

101,938

CREDITORS

Amounts falling due after more than one year

4,400

9,200

NET ASSETS

108,582

92,738

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

108,482

92,638

SHAREHOLDERS' FUNDS

108,582

92,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 17 May 2016 and were signed by:

Mrs M E Ikedife - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

37,434

Additions

11,997

At 31 October 2015

49,431

DEPRECIATION

At 1 November 2014

16,369

Charge for year

7,468

At 31 October 2015

23,837

NET BOOK VALUE

At 31 October 2015

25,594

At 31 October 2014

21,065

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

100

Ordinary

£1

100