Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01Temporary employment agency activities88truefalse 05607927 2023-01-01 2023-12-31 05607927 2022-01-01 2022-12-31 05607927 2023-12-31 05607927 2022-12-31 05607927 c:Director1 2023-01-01 2023-12-31 05607927 d:OfficeEquipment 2023-01-01 2023-12-31 05607927 d:OfficeEquipment 2023-12-31 05607927 d:OfficeEquipment 2022-12-31 05607927 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05607927 d:Goodwill 2023-01-01 2023-12-31 05607927 d:Goodwill 2023-12-31 05607927 d:Goodwill 2022-12-31 05607927 d:CurrentFinancialInstruments 2023-12-31 05607927 d:CurrentFinancialInstruments 2022-12-31 05607927 d:CurrentFinancialInstruments 1 2023-12-31 05607927 d:CurrentFinancialInstruments 1 2022-12-31 05607927 d:Non-currentFinancialInstruments 2023-12-31 05607927 d:Non-currentFinancialInstruments 2022-12-31 05607927 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05607927 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05607927 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05607927 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05607927 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 05607927 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 05607927 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 05607927 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 05607927 d:ShareCapital 2023-12-31 05607927 d:ShareCapital 2022-12-31 05607927 d:RevaluationReserve 2023-12-31 05607927 d:RevaluationReserve 2022-12-31 05607927 d:RetainedEarningsAccumulatedLosses 2023-12-31 05607927 d:RetainedEarningsAccumulatedLosses 2022-12-31 05607927 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05607927 c:OrdinaryShareClass1 2023-12-31 05607927 c:OrdinaryShareClass1 2022-12-31 05607927 c:OrdinaryShareClass3 2023-01-01 2023-12-31 05607927 c:OrdinaryShareClass3 2023-12-31 05607927 c:OrdinaryShareClass3 2022-12-31 05607927 c:FRS102 2023-01-01 2023-12-31 05607927 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05607927 c:FullAccounts 2023-01-01 2023-12-31 05607927 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05607927 d:WithinOneYear 2023-12-31 05607927 d:WithinOneYear 2022-12-31 05607927 d:BetweenOneFiveYears 2023-12-31 05607927 d:BetweenOneFiveYears 2022-12-31 05607927 6 2023-01-01 2023-12-31 05607927 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05607927 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 05607927 d:RetirementBenefitObligationsDeferredTax 2023-12-31 05607927 d:RetirementBenefitObligationsDeferredTax 2022-12-31 05607927 f:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05607927









EXCEL TECHNICAL CONSULTING LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
EXCEL TECHNICAL CONSULTING LTD
REGISTERED NUMBER: 05607927

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
29,368
12,734

Tangible assets
 5 
5,456
6,119

Investments
 6 
6,950
-

  
41,774
18,853

Current assets
  

Debtors: amounts falling due within one year
 7 
1,864,826
1,770,242

Cash at bank and in hand
  
216,693
139,199

  
2,081,519
1,909,441

Creditors: amounts falling due within one year
 8 
(625,067)
(616,690)

Net current assets
  
 
 
1,456,452
 
 
1,292,751

Total assets less current liabilities
  
1,498,226
1,311,604

Creditors: amounts falling due after more than one year
 9 
-
(206,715)

Provisions for liabilities
  

Deferred tax
 11 
(4,936)
(2,058)

  
 
 
(4,936)
 
 
(2,058)

Net assets
  
1,493,290
1,102,831


Capital and reserves
  

Called up share capital 
 12 
1
1

Revaluation reserve
  
14,572
1,753

Profit and loss account
  
1,478,717
1,101,077

  
1,493,290
1,102,831


Page 1

 
EXCEL TECHNICAL CONSULTING LTD
REGISTERED NUMBER: 05607927
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Hannam
Director

Date: 5 August 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
EXCEL TECHNICAL CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Company is a private company, limited by shares, and incorporated in England and Wales.
The Company's registered office is 5 Grange Park, Bourn, Cambridge, CB23 2TA.
The principal activity of the Company is the recruitment of permanent and contract staff in the aerospace, composite design and manufacturing industries.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises amounts recognised by the Company in respect of services provided during the year, exclusive of VAT and trade discounts. 
Commissions receiveable in respect of permanent placements are recognised in the period in which the placement takes place.
Commissions receiveable in respect of ongoing, temporary placements are recognised in stages, as and when the services are undertaken.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market. 
The residual value of the intangible assets held by the company is expected to be at least equal to the market value by reference to the active market. It is expected that an active market will continue and will exist at the end of the useful life of the assets and therfore no amortisation of the revalued intangible assets is required.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
EXCEL TECHNICAL CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Other investments are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.7

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 4

 
EXCEL TECHNICAL CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.8

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
EXCEL TECHNICAL CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 8).

Page 6

 
EXCEL TECHNICAL CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Crypto currency

£



Cost


At 1 January 2023
12,736


Revaluation surplus
16,630



At 31 December 2023

29,366






Net book value



At 31 December 2023
29,366



At 31 December 2022
12,736



Page 7

 
EXCEL TECHNICAL CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
17,823


Additions
3,263


Disposals
(785)



At 31 December 2023

20,301



Depreciation


At 1 January 2023
11,704


Charge for the year on owned assets
3,926


Disposals
(785)



At 31 December 2023

14,845



Net book value



At 31 December 2023
5,456



At 31 December 2022
6,119


6.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


Additions
6,950



At 31 December 2023
6,950




Page 8

 
EXCEL TECHNICAL CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
1,414,269
1,341,416

Other debtors
94,550
138,346

Prepayments and accrued income
356,007
290,480

1,864,826
1,770,242


Trade debtors at 31 December 2023 include £1,401,866 (2022 - £1,329,248) of factored debts.


8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
66,095
80,000

Trade creditors
51,895
58,506

Amounts owed to group undertakings
23,564
62,113

Corporation tax
150,675
107,134

Proceeds of factored debts
(13,841)
55,816

Other creditors
51,167
54,288

Accruals and deferred income
295,512
198,833

625,067
616,690


Factoring creditors are secured by a fixed and floating charge over the company's assets.


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
206,715

-
206,715


Page 9

 
EXCEL TECHNICAL CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
66,095
80,000


66,095
80,000

Amounts falling due 1-2 years

Bank loans
-
80,000


-
80,000

Amounts falling due 2-5 years

Bank loans
-
126,715


-
126,715


66,095
286,715



11.


Deferred taxation




2023


£






At beginning of year
(2,058)


Charged to profit or loss
935


Charged to other comprehensive income
(3,813)



At end of year
(4,936)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,364)
(2,228)

Other timing differences
(3,572)
170

(4,936)
(2,058)

Page 10

 
EXCEL TECHNICAL CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



90 (2022 - 90) Ordinary shares of £0.01 each
1
1
10 (2022 - 10) Ordinary B shares of £0.01 each
-
-

1

1



13.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
46,501
14,361

Later than 1 year and not later than 5 years
74,394
31,306

120,895
45,667


14.


Controlling party

The parent undertaking is A-Tech Consulting Limited, a company incorporated in England & Wales. The registered address is 6 High Street, Linton, Cambridge, Cambridgeshire, CB21 4HS.

 
Page 11