Company Registration No. 07448839 (England and Wales)
THE EXCEDIA GROUP LTD
Unaudited accounts
for the year ended 31 December 2023
THE EXCEDIA GROUP LTD
Statement of financial position
as at 31 December 2023
Intangible assets
1,474
1,965
Tangible assets
8,102
7,707
Cash at bank and in hand
124,885
120,282
Creditors: amounts falling due within one year
(51,395)
(63,180)
Net current assets
141,551
112,911
Total assets less current liabilities
151,127
122,583
Creditors: amounts falling due after more than one year
(32,145)
(38,102)
Provisions for liabilities
Deferred tax
(1,792)
(1,687)
Called up share capital
120
120
Profit and loss account
117,070
82,674
Shareholders' funds
117,190
82,794
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 directors acknowledge their 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 of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by
Heather Townsend
Director
Company Registration No. 07448839
THE EXCEDIA GROUP LTD
Notes to the Accounts
for the year ended 31 December 2023
THE EXCEDIA GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 07448839. The registered office is UNIT A, ANGEL BUSINESS CENTRE, 1 LUTON R, TODDINGTON, DUNSTABLE, BEDFORDSHIRE, LU5 6DE, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 January 2023
20,000
6,290
26,290
At 31 December 2023
20,000
6,290
26,290
At 1 January 2023
20,000
4,325
24,325
Charge for the year
491
-
491
At 31 December 2023
20,491
4,325
24,816
At 31 December 2023
(491)
1,965
1,474
At 31 December 2022
-
1,965
1,965
THE EXCEDIA GROUP LTD
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery
At 31 December 2023
25,090
At 31 December 2023
16,988
Amounts falling due within one year
Trade debtors
18,563
6,378
Amounts due from group undertakings etc.
43,538
43,372
Accrued income and prepayments
5,960
6,059
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,453
6,690
Taxes and social security
23,776
24,408
Proposed dividends
184
250
Other creditors
2,133
1,282
Loans from directors
546
373
8
Creditors: amounts falling due after more than one year
2023
2022
THE EXCEDIA GROUP LTD
Notes to the Accounts
for the year ended 31 December 2023
9
Deferred taxation
2023
2022
Accelerated capital allowances
1,792
1,687
Provision at start of year
1,687
-
Charged to the profit and loss account
105
1,687
Provision at end of year
1,792
1,687
10
Average number of employees
During the year the average number of employees was 9 (2022: 9).