ELITE DEVELOPMENTS LIMITED - Limited company accounts 11.4

REGISTERED NUMBER: 02043998 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2014

FOR

ELITE DEVELOPMENTS LIMITED

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Agis F Kaimakamis

SECRETARY:

Kyproulla Kaimakamis

REGISTERED OFFICE:

11 Elm Avenue

Ealing

London

W5 3XA

REGISTERED NUMBER:

02043998 (England and Wales)

ACCOUNTANTS:

C. Charles & Co Limited

Chartered Certified Accountants

Argyle Court

105 Seven Sisters Road

London

N7 7QP

BANKERS:

Bank of Cyprus (London) Ltd

56/57 Grand Parade

Green Lanes

London

N4 1AF

The director presents his report with the financial statements of the company for the year ended

31st March 2014.

DIRECTOR

Agis F Kaimakamis held office during the whole of the period from 1st April 2013 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

Agis F Kaimakamis - Director

30th September 2014

TURNOVER

6,286

17,535

Administrative expenses

3,720

3,853

OPERATING PROFIT

2

2,566

13,682

Interest receivable and similar income

740

613

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

3,306

14,295

Tax on profit on ordinary activities

3

661

1,873

PROFIT FOR THE FINANCIAL
YEAR

2,645

12,422

CURRENT ASSETS

Debtors

4

26,729

28,321

Cash at bank and in hand

1,839

218

28,568

28,539

CREDITORS

Amounts falling due within one year

5

5,237

7,853

NET CURRENT ASSETS

23,331

20,686

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,331

20,686

CAPITAL AND RESERVES

Called up share capital

6

1,000

Profit and loss account

7

22,331

19,686

SHAREHOLDERS' FUNDS

23,331

20,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 30th September 2014 and were signed by:

Agis F Kaimakamis - 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 April 2008).

Turnover

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2014

2013

£

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2014

2013

£

Current tax:

UK corporation tax

661

1,873

Tax on profit on ordinary activities

661

1,873

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade debtors

264

15,843

Other debtors

26,465

12,478

26,729

28,321

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade creditors

3,676

-

Taxation and social security

661

1,873

Other creditors

900

5,980

5,237

7,853

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1,000

Ordinary

£1

1,000

7.

RESERVES

Profit

and loss

account

£

At 1st April 2013

19,686

Profit for the year

2,645

At 31st March 2014

22,331