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REGISTERED NUMBER: 12415123 (England and Wales)















EXCELJET UK LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






EXCELJET UK LTD (REGISTERED NUMBER: 12415123)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

EXCELJET UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: J M Hirst





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 12415123 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

EXCELJET UK LTD (REGISTERED NUMBER: 12415123)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 27,505 44,461

CURRENT ASSETS
Debtors 5 19,215 23,371
Cash at bank 13,540 24,997
32,755 48,368
CREDITORS
Amounts falling due within one year 6 30,240 47,287
NET CURRENT ASSETS 2,515 1,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,020

45,542

CREDITORS
Amounts falling due after more than one year 7 25,333 28,764
NET ASSETS 4,687 16,778

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 4,487 16,578
SHAREHOLDERS' FUNDS 4,687 16,778

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

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

EXCELJET UK LTD (REGISTERED NUMBER: 12415123)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2023 and were signed by:





J M Hirst - Director


EXCELJET UK LTD (REGISTERED NUMBER: 12415123)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

ExcelJet UK Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 20% on cost
Fixtures and Fittings - 20% on cost
Motor Vehicles - 25% on cost
Computer Equipment - 33% on cost

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 statement of financial position 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.

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 1 (2022 - 1 ) .

EXCELJET UK LTD (REGISTERED NUMBER: 12415123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
Machinery Fittings Vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 18,178 6,950 33,917 8,186 67,231
Additions 11,917 - - - 11,917
Disposals (12,336 ) - (9,886 ) (1,247 ) (23,469 )
At 31 March 2023 17,759 6,950 24,031 6,939 55,679
DEPRECIATION
At 1 April 2022 3,700 1,624 15,224 2,222 22,770
Charge for year 2,956 1,390 6,008 2,313 12,667
Eliminated on disposal (3,111 ) - (3,708 ) (444 ) (7,263 )
At 31 March 2023 3,545 3,014 17,524 4,091 28,174
NET BOOK VALUE
At 31 March 2023 14,214 3,936 6,507 2,848 27,505
At 31 March 2022 14,478 5,326 18,693 5,964 44,461

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,400 804
Other debtors 16,815 22,567
19,215 23,371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,333 8,000
Hire purchase contracts 1,277 10,709
Taxation and social security 20,570 27,600
Other creditors 1,060 978
30,240 47,287

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 25,333 25,333
Hire purchase contracts - 3,431
25,333 28,764

EXCELJET UK LTD (REGISTERED NUMBER: 12415123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
100 Ordinary B £1 100 100
200 200

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
J M Hirst
Balance outstanding at start of year 9,935 6,700
Amounts advanced 9,651 88,958
Amounts repaid (13,311 ) (85,723 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,275 9,935

10. RELATED PARTY DISCLOSURE

During the year the company loaned £NIL (2022: £9,999) to John Hirst, the director of the company. At the year end £NIL (2022: £9,999) remained outstanding.

EXCELJET UK LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
EXCELJET UK LTD

The following reproduces the text of the report prepared for the director 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 Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


29 July 2023