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REGISTERED NUMBER: 03692433 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Excel Telecommunications Network Limited

Excel Telecommunications Network Limited (Registered number: 03692433)






Contents of the Financial Statements
for the year ended 31 December 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Excel Telecommunications Network Limited

Company Information
for the year ended 31 December 2021







DIRECTORS: B Smith
P Smith





SECRETARY: B Smith





REGISTERED OFFICE: Greenlands Business Centre
Studley Road
Greenlands
Redditch
Worcestershire
B98 7HD





REGISTERED NUMBER: 03692433 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

Excel Telecommunications Network Limited (Registered number: 03692433)

Abridged Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 252 297

CURRENT ASSETS
Cash at bank 41,932 27,849

CREDITORS
Amounts falling due within one year 24,384 14,930
NET CURRENT ASSETS 17,548 12,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,800

13,216

CAPITAL AND RESERVES
Called up share capital 5 3 3
Retained earnings 17,797 13,213
SHAREHOLDERS' FUNDS 17,800 13,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:





P Smith - Director


Excel Telecommunications Network Limited (Registered number: 03692433)

Notes to the Financial Statements
for the year ended 31 December 2021

1. STATUTORY INFORMATION

Excel Telecommunications Network Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

Excel Telecommunications Network Limited (Registered number: 03692433)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021
and 31 December 2021 5,565
DEPRECIATION
At 1 January 2021 5,268
Charge for year 45
At 31 December 2021 5,313
NET BOOK VALUE
At 31 December 2021 252
At 31 December 2020 297

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
3 Ordinary share £1 3 3

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors who each own 1 share.