Company Registration No. 9924791 (England and Wales)
Exelero E1 Limited
Unaudited accounts
for the year ended 31 December 2022
Exelero E1 Limited
Unaudited accounts
Contents
Exelero E1 Limited
Company Information
for the year ended 31 December 2022
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
Exelero E1 Limited
Statement of financial position
as at 31 December 2022
Tangible assets
183,614
247,327
Cash at bank and in hand
6,045
33,580
Creditors: amounts falling due within one year
(224,515)
(300,935)
Net current liabilities
(143,104)
(55,684)
Total assets less current liabilities
40,510
191,643
Creditors: amounts falling due after more than one year
(193,341)
(250,000)
Net liabilities
(152,831)
(58,357)
Called up share capital
100
100
Profit and loss account
(152,931)
(58,457)
Shareholders' funds
(152,831)
(58,357)
For the year ending 31 December 2022 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 12 September 2023 and were signed on its behalf by
Mohammed Yusuf Rab
Director
Company Registration No. 9924791
Exelero E1 Limited
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2022
869,609
Charge for the year
63,713
At 31 December 2022
685,995
At 31 December 2022
183,614
At 31 December 2021
247,327
Exelero E1 Limited
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
51,833
23,107
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
345,735
258,472
Taxes and social security
6,218
(10,426)
Loans from directors
(127,438)
52,889
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
193,341
250,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 10 (2021: 12).