LEXCEL LIMITED
Registered number: 08748019
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,166 1,458
Current assets
Cash at bank and in hand 6,376 1,995
Creditors: amounts falling due within one year 4 (21,589) (18,019)
Net current liabilities (15,213) (16,024)
Total assets less current liabilities (14,047) (14,566)
Creditors: amounts falling due after more than one year 5 (30,000) (30,000)
Net liabilities (44,047) (44,566)
Capital and reserves
Called up share capital 1 1
Profit and loss account (44,048) (44,567)
Shareholders' funds (44,047) (44,566)
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.
Louise Ekuban
Director
Approved by the board on 25 July 2024
LEXCEL LIMITED
Notes to the Accounts
for the year ended 31 October 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.
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 3,652
At 31 October 2023 3,652
Depreciation
At 1 November 2022 2,194
Charge for the year 292
At 31 October 2023 2,486
Net book value
At 31 October 2023 1,166
At 31 October 2022 1,458
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 20,959 18,019
Other creditors 630 -
21,589 18,019
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 30,000 30,000
6 Other information
LEXCEL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
19 Honiton Road
Welling
Kent
DA16 3LF
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