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REGISTERED NUMBER: 03363675 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

EXCEL PNEUMATICS LIMITED

EXCEL PNEUMATICS LIMITED (REGISTERED NUMBER: 03363675)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EXCEL PNEUMATICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: R J Leakey
J R Leakey





SECRETARY: J R Leakey





REGISTERED OFFICE: 10 Singer Way
Woburn Road Industrial Estate
Kempston
Bedford
MK42 7AE





REGISTERED NUMBER: 03363675 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF

EXCEL PNEUMATICS LIMITED (REGISTERED NUMBER: 03363675)

STATEMENT OF FINANCIAL POSITION
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,379 10,847

CURRENT ASSETS
Stocks 14,250 13,896
Debtors 5 257,225 124,269
Cash at bank 80,899 137,358
352,374 275,523
CREDITORS
Amounts falling due within one year 6 160,857 139,362
NET CURRENT ASSETS 191,517 136,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,896

147,008

CREDITORS
Amounts falling due after more than one
year

7

26,667

36,667
NET ASSETS 173,229 110,341

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 173,127 110,239
SHAREHOLDERS' FUNDS 173,229 110,341

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

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

EXCEL PNEUMATICS LIMITED (REGISTERED NUMBER: 03363675)

STATEMENT OF FINANCIAL POSITION - continued
31ST JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th April 2024 and were signed on its behalf by:





J R Leakey - Director


EXCEL PNEUMATICS LIMITED (REGISTERED NUMBER: 03363675)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Excel Pneumatics 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.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 3 (2022 - 3 ) .

EXCEL PNEUMATICS LIMITED (REGISTERED NUMBER: 03363675)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st August 2022 580 16,896 - 17,476
Additions - - 1,937 1,937
Disposals - (5,995 ) - (5,995 )
At 31st July 2023 580 10,901 1,937 13,418
DEPRECIATION
At 1st August 2022 502 6,127 - 6,629
Charge for year 78 1,744 535 2,357
Eliminated on disposal - (3,947 ) - (3,947 )
At 31st July 2023 580 3,924 535 5,039
NET BOOK VALUE
At 31st July 2023 - 6,977 1,402 8,379
At 31st July 2022 78 10,769 - 10,847

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 257,181 123,935
Other debtors 44 334
257,225 124,269

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 99,165 103,286
Taxation and social security 47,663 22,307
Other creditors 14,029 13,769
160,857 139,362

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 26,667 36,667