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REGISTERED NUMBER: 05446826 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ECELL GLOBAL LIMITED

ECELL GLOBAL LIMITED (REGISTERED NUMBER: 05446826)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


ECELL GLOBAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mr C Celikkol
Mr M Celikkol
Mr T Celikkol





SECRETARY: Mr M Celikkol





REGISTERED OFFICE: C1, Barrow Close
Whitehills Business Park
Blackpool
Lancashire
FY4 5PS





REGISTERED NUMBER: 05446826 (England and Wales)





ACCOUNTANTS: RfM Fylde Limited
Summerdale
Head Dyke Lane
Pilling
Lancashire
PR3 6SJ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ECELL GLOBAL LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ecell Global Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ecell Global Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ecell Global Limited and state those matters that we have agreed to state to the Board of Directors of Ecell Global Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ecell Global Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ecell Global Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ecell Global Limited. You consider that Ecell Global Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ecell Global Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






RfM Fylde Limited
Summerdale
Head Dyke Lane
Pilling
Lancashire
PR3 6SJ


26 July 2024

ECELL GLOBAL LIMITED (REGISTERED NUMBER: 05446826)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 338,084 373,721
Investments 5 112,033 112,033
450,117 485,754

CURRENT ASSETS
Stocks 218,536 205,372
Debtors 6 1,173,021 1,059,939
1,391,557 1,265,311
CREDITORS
Amounts falling due within one year 7 1,295,009 1,195,052
NET CURRENT ASSETS 96,548 70,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,665

556,013

CREDITORS
Amounts falling due after more than one
year

8

133,951

149,559
NET ASSETS 412,714 406,454

CAPITAL AND RESERVES
Called up share capital 11 471,100 471,100
Retained earnings (58,386 ) (64,646 )
SHAREHOLDERS' FUNDS 412,714 406,454

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

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

ECELL GLOBAL LIMITED (REGISTERED NUMBER: 05446826)

BALANCE SHEET - continued
31 December 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 26 July 2024 and were signed on its behalf by:





Mr C Celikkol - Director


ECELL GLOBAL LIMITED (REGISTERED NUMBER: 05446826)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Ecell Global 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Computer software - 20-33% on cost
Fixtures and fittings - 20-33% on cost
Computer equipment - 10-50% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Stocks are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

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 balance sheet date.


ECELL GLOBAL LIMITED (REGISTERED NUMBER: 05446826)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

GOING CONCERN
The company had negative retained earnings in the year to 31 December 2023. The company was in a net asset position at the year end, and has continued support from the shareholders, and as such the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

ECELL GLOBAL LIMITED (REGISTERED NUMBER: 05446826)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Computer and Computer
property software fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 378,629 882,642 130,492 955,797 2,347,560
Additions - - - 5,474 5,474
At 31 December 2023 378,629 882,642 130,492 961,271 2,353,034
DEPRECIATION
At 1 January 2023 81,277 882,641 125,148 884,773 1,973,839
Charge for year 12,448 - 2,483 26,180 41,111
At 31 December 2023 93,725 882,641 127,631 910,953 2,014,950
NET BOOK VALUE
At 31 December 2023 284,904 1 2,861 50,318 338,084
At 31 December 2022 297,352 1 5,344 71,024 373,721

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 January 2023 82,594
Transfer to ownership (72,604 )
At 31 December 2023 9,990
DEPRECIATION
At 1 January 2023 47,885
Charge for year 1,998
Transfer to ownership (44,711 )
At 31 December 2023 5,172
NET BOOK VALUE
At 31 December 2023 4,818
At 31 December 2022 34,709

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 20,033 20,033
Loans to group undertakings 92,000 92,000
112,033 112,033

ECELL GLOBAL LIMITED (REGISTERED NUMBER: 05446826)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 20,033
NET BOOK VALUE
At 31 December 2023 20,033
At 31 December 2022 20,033

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ecell Global Inc.
Registered office: 8600 Commodity Cir Ste 128, Orlando,FL 32819, USA
Nature of business: Telecommunications
%
Class of shares: holding
Common stock 100.00

Ecell Global GmbH
Registered office: Taunusanlage 1, 60329, Frankfurt, Deutschland
Nature of business: Telecommunications
%
Class of shares: holding
Ordinary 100.00

Ecell Global KK
Registered office: 5F Ginza Daiei Building 1-16-7 Ginza Chuo-ku, Tokyo
Nature of business: Telecommunications
%
Class of shares: holding
Ordinary 100.00

Ecell Global PTY Ltd
Registered office: L10 530 Collins Street Melbourne, VIC 3000, Australia
Nature of business: Telecommunications
%
Class of shares: holding
Ordinary 100.00
Loans to
group
undertakings
£   
At 1 January 2023
and 31 December 2023 92,000

ECELL GLOBAL LIMITED (REGISTERED NUMBER: 05446826)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,829 95,737
Amounts owed by group undertakings 152,617 135,730
Other debtors 990,575 828,472
1,173,021 1,059,939

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 97,718 94,156
Hire purchase contracts 572 14,085
Trade creditors 425,288 511,448
Amounts owed to group undertakings 164,716 90,273
Taxation and social security 48,232 54,183
Other creditors 558,483 430,907
1,295,009 1,195,052

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 133,951 148,987
Hire purchase contracts - 572
133,951 149,559

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 91,636 91,868

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 150,219 165,962
Hire purchase contracts 572 14,657
150,791 180,619

Net obligations under finance leases and hire purchase contracts are secured over the assets to which they relate.

Bank loans are secured by a fixed charge over the freehold land and buildings of the company.

ECELL GLOBAL LIMITED (REGISTERED NUMBER: 05446826)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

10. PROVISIONS FOR LIABILITIES
Deferred
tax
£   
Accelerated capital allowances (3,615 )
Tax losses carried forward 3,615
Balance at 31 December 2023 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
471,100 Ordinary £1 471,100 471,100

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.