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REGISTERED NUMBER: 06812988 (England and Wales)















EXCELL RAIL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






EXCELL RAIL LIMITED (REGISTERED NUMBER: 06812988)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXCELL RAIL LIMITED

COMPANY INFORMATION
For The Year Ended 28 FEBRUARY 2023







DIRECTOR: D Dummer





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 06812988 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

EXCELL RAIL LIMITED (REGISTERED NUMBER: 06812988)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,389 129,546
106,389 129,546

CURRENT ASSETS
Debtors 5 922,991 1,033,621
Cash at bank and in hand 174,782 33,786
1,097,773 1,067,407
CREDITORS
Amounts falling due within one year 6 1,149,469 1,048,904
NET CURRENT (LIABILITIES)/ASSETS (51,696 ) 18,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,693

148,049

CREDITORS
Amounts falling due after more than one year 7 (22,776 ) (32,902 )

PROVISIONS FOR LIABILITIES (17,461 ) (20,839 )
NET ASSETS 14,456 94,308

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 14,446 94,298
SHAREHOLDERS' FUNDS 14,456 94,308

EXCELL RAIL LIMITED (REGISTERED NUMBER: 06812988)

BALANCE SHEET - continued
28 FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 2 November 2023 and were signed by:





D Dummer - Director


EXCELL RAIL LIMITED (REGISTERED NUMBER: 06812988)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Excell Rail 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 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.
Improvements to Property - 20% on cost and 10% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 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.

Hire purchase and leasing commitments
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 8 (2022 - 9 ) .

EXCELL RAIL LIMITED (REGISTERED NUMBER: 06812988)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
Property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 19,710 25,125 205,371 16,348 266,554
Additions 7,408 4,091 - 195 11,694
At 28 February 2023 27,118 29,216 205,371 16,543 278,248
DEPRECIATION
At 1 March 2022 4,640 16,836 108,346 7,186 137,008
Charge for year 3,712 3,071 24,256 3,812 34,851
At 28 February 2023 8,352 19,907 132,602 10,998 171,859
NET BOOK VALUE
At 28 February 2023 18,766 9,309 72,769 5,545 106,389
At 28 February 2022 15,070 8,289 97,025 9,162 129,546

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 914,698 1,026,576
Other debtors 8,293 7,045
922,991 1,033,621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 9,719 9,598
Trade creditors 86,677 122,039
Amounts owed to group undertakings 203,934 137,007
Taxation and social security 172,645 108,576
Other creditors 676,494 671,684
1,149,469 1,048,904

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 22,776 32,902

8. SECURED DEBTS

A fixed and floating charge over the tangible and intangible fixed assets held by the company both now and in the future was created on 11 July 2018 securing the company's indebtedness to Gener8 Finance Limited.