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Company Registration No. 9924791 (England and Wales)
Exelero E1 Limited Unaudited accounts for the year ended 31 December 2021
Exelero E1 Limited Unaudited accounts Contents
Page
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Exelero E1 Limited Company Information for the year ended 31 December 2021
Directors
Mohammed Yusuf Rab Dr Mohammed Koir Uddin
Company Number
9924791 (England and Wales)
Registered Office
312 ST. PAULS ROAD LONDON N1 2LF UNITED KINGDOM
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Exelero E1 Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
247,328 
295,305 
Current assets
Inventories
19,880 
23,405 
Debtors
191,791 
190,964 
Cash at bank and in hand
33,578 
32,413 
245,249 
246,782 
Creditors: amounts falling due within one year
(550,935)
(577,433)
Net current liabilities
(305,686)
(330,651)
Net liabilities
(58,358)
(35,346)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(58,458)
(35,446)
Shareholders' funds
(58,358)
(35,346)
For the year ending 31 December 2021 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 28 August 2022 and were signed on its behalf by
Mohammed Yusuf Rab Director Company Registration No. 9924791
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Exelero E1 Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Exelero E1 Limited is a private company, limited by shares, registered in England and Wales, registration number 9924791. The registered office is 312 ST. PAULS ROAD, LONDON, N1 2LF, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 5 years
Fixtures & fittings
over 5 years
Computer equipment
over 5 years
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2021
835,609 
Additions
34,000 
At 31 December 2021
869,609 
Depreciation
At 1 January 2021
540,304 
Charge for the year
81,977 
At 31 December 2021
622,281 
Net book value
At 31 December 2021
247,328 
At 31 December 2020
295,305 
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Exelero E1 Limited Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
827 
- 
Trade debtors
23,107 
23,107 
Other debtors
167,857 
167,857 
191,791 
190,964 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
250,000 
50,000 
VAT
- 
14,784 
Trade creditors
258,472 
201,173 
Taxes and social security
(10,426)
18,644 
Loans from directors
52,889 
292,832 
550,935 
577,433 
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 12 (2020: 12).
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