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Company Registration No. 12524957 (England and Wales)
Exel Finance Limited Unaudited accounts for the year ended 31 December 2023
Exel Finance Limited Unaudited accounts Contents
Page
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Exel Finance Limited Company Information for the year ended 31 December 2023
Director
Martin Cook
Company Number
12524957 (England and Wales)
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Exel Finance Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
487 
- 
Current assets
Debtors
9,931 
130,649 
Cash at bank and in hand
3,159 
6,856 
13,090 
137,505 
Creditors: amounts falling due within one year
(4,792)
(90,659)
Net current assets
8,298 
46,846 
Net assets
8,785 
46,846 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
8,783 
46,844 
Shareholders' funds
8,785 
46,846 
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 18 April 2024 and were signed on its behalf by
Martin Cook Director Company Registration No. 12524957
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Exel Finance Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Exel Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 12524957.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
- 
Additions
726 
At 31 December 2023
726 
Depreciation
Charge for the year
239 
At 31 December 2023
239 
Net book value
At 31 December 2023
487 
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Exel Finance Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
60,649 
Other debtors
- 
70,000 
- 
130,649 
Amounts falling due after more than one year
Other debtors
9,931 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
4,292 
11,927 
Other creditors
- 
78,732 
Accruals
500 
- 
4,792 
90,659 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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