Registered number
SC311727
Excellence in Work Limited
Filleted Accounts
30 November 2023
Excellence in Work Limited
Registered number: SC311727
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 34,151 44,760
Current assets
Debtors 4 - 5,288
Cash at bank and in hand 52,346 92,092
52,346 97,380
Creditors: amounts falling due within one year 5 (31,848) (2,109)
Net current assets 20,498 95,271
Total assets less current liabilities 54,649 140,031
Creditors: amounts falling due after more than one year 6 - (51,941)
Net assets 54,649 88,090
Capital and reserves
Called up share capital 2 2
Profit and loss account 54,647 88,088
Shareholders' funds 54,649 88,090
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Fenlon
Director
Approved by the board on 30 January 2024
Excellence in Work Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows:
Fixtures, fittings, tools and equipment 15% on a Reducing Balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 7,471 51,941 59,412
At 30 November 2023 7,471 51,941 59,412
Depreciation
At 1 December 2022 1,667 12,985 14,652
Charge for the year 870 9,739 10,609
At 30 November 2023 2,537 22,724 25,261
Net book value
At 30 November 2023 4,934 29,217 34,151
At 30 November 2022 5,804 38,956 44,760
4 Debtors 2023 2022
£ £
Trade debtors - 4,992
Other debtors - 296
- 5,288
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 1,210 -
Other taxes and social security costs (675) (1,697)
Other creditors 31,313 3,806
31,848 2,109
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 51,941
7 Other information
Excellence in Work Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Blanerne West Road
Charlestown
Dunfermline
Fife
KY11 3EW
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