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REGISTERED NUMBER: 04222150 (England and Wales)















Excell Trade Frames Limited

Unaudited Financial Statements for the Year Ended 31 July 2023






Excell Trade Frames Limited (Registered number: 04222150)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 6


Excell Trade Frames Limited

Company Information
for the Year Ended 31 July 2023







Directors: J Oliviero
G Oliviero
B J Woodward





Secretary: J Oliviero





Registered office: Unit 4
Astley Park Estate
Chaddock Lane
Astley
M29 7JY





Registered number: 04222150 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Excell Trade Frames Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Excell Trade Frames Limited for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Excell Trade Frames Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Excell Trade Frames Limited and state those matters that we have agreed to state to the Board of Directors of Excell Trade Frames Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Excell Trade Frames Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Excell Trade Frames Limited. You consider that Excell Trade Frames Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Excell Trade Frames Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY


Date: .............................................

Excell Trade Frames Limited (Registered number: 04222150)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 109,688 113,625
109,688 113,625

Current assets
Stocks 342,216 296,194
Debtors 6 691,563 1,026,506
Cash at bank and in hand 473,297 177,643
1,507,076 1,500,343
Creditors
Amounts falling due within one year 7 663,414 654,176
Net current assets 843,662 846,167
Total assets less current liabilities 953,350 959,792

Creditors
Amounts falling due after more than one
year

8

(34,495

)

(87,045

)

Provisions for liabilities 10 (26,465 ) (26,742 )
Net assets 892,390 846,005

Excell Trade Frames Limited (Registered number: 04222150)

Statement of Financial Position - continued
31 July 2023

2023 2022
Notes £    £    £    £   
Capital and reserves
Called up share capital 11 100 100
Retained earnings 892,290 845,905
Shareholders' funds 892,390 846,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

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

Excell Trade Frames Limited (Registered number: 04222150)

Statement of Financial Position - continued
31 July 2023



The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





G Oliviero - Director


Excell Trade Frames Limited (Registered number: 04222150)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. Statutory information

Excell Trade Frames 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 is measured at the fair value of the consideration received and receivable for the supply and fitting of double glazed windows and doors, net of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Government grants
Government grants are recognised using the accrual model. Under the accrual model, grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


Excell Trade Frames Limited (Registered number: 04222150)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year. Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 29 (2022 - 34 ) .

Excell Trade Frames Limited (Registered number: 04222150)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 August 2022
and 31 July 2023 5,000
Amortisation
At 1 August 2022
and 31 July 2023 5,000
Net book value
At 31 July 2023 -
At 31 July 2022 -

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 August 2022 267,462 10,014 143,029 420,505
Additions - - 30,540 30,540
Disposals - - (14,600 ) (14,600 )
At 31 July 2023 267,462 10,014 158,969 436,445
Depreciation
At 1 August 2022 215,061 6,609 85,210 306,880
Charge for year 10,481 2,150 16,932 29,563
Eliminated on disposal - - (9,686 ) (9,686 )
At 31 July 2023 225,542 8,759 92,456 326,757
Net book value
At 31 July 2023 41,920 1,255 66,513 109,688
At 31 July 2022 52,401 3,405 57,819 113,625

Excell Trade Frames Limited (Registered number: 04222150)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 August 2022 28,950 62,500 91,450
Transfer to ownership - (13,500 ) (13,500 )
At 31 July 2023 28,950 49,000 77,950
Depreciation
At 1 August 2022 10,422 26,898 37,320
Charge for year 3,706 7,951 11,657
Transfer to ownership - (8,279 ) (8,279 )
At 31 July 2023 14,128 26,570 40,698
Net book value
At 31 July 2023 14,822 22,430 37,252
At 31 July 2022 18,528 35,602 54,130

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 340,058 439,459
Amounts owed by group undertakings 282,000 360,000
Other debtors 69,505 227,047
691,563 1,026,506

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loan 32,433 28,433
Hire purchase contracts (see note 9) 15,066 20,311
Trade creditors 360,586 311,785
Taxation and social security 138,892 163,331
Other creditors 116,437 130,316
663,414 654,176

Excell Trade Frames Limited (Registered number: 04222150)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 27,027 64,510
Hire purchase contracts (see note 9) 7,468 22,535
34,495 87,045

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 15,066 20,311
Between one and five years 7,468 22,535
22,534 42,846

Non-cancellable operating leases
2023 2022
£    £   
Within one year 10,663 3,087
Between one and five years 14,951 8,491
25,614 11,578

10. Provisions for liabilities
2023 2022
£    £   
Deferred tax 26,465 26,742

Deferred
tax
£   
Balance at 1 August 2022 26,742
Provided during year (277 )
Balance at 31 July 2023 26,465

Excell Trade Frames Limited (Registered number: 04222150)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

12. Directors' advances, credits and guarantees

Other debtors consists of £45,760 (2022: £165,235) in respect of net advances made to the directors by the company during the year. The advances are interest free with no specific terms of repayment.