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Company Registration No. 09870971 (England and Wales)
Excel Sa Limited Unaudited accounts for the period from 1 June 2022 to 30 April 2023
Excel Sa Limited Unaudited accounts Contents
Page
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Excel Sa Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
150,843 
77,065 
Investments
30,000 
30,000 
180,843 
107,065 
Current assets
Inventories
2,000 
2,000 
Debtors
416,820 
126,575 
Cash at bank and in hand
161,267 
179,992 
580,087 
308,567 
Creditors: amounts falling due within one year
(73,580)
(64,914)
Net current assets
506,507 
243,653 
Net assets
687,350 
350,718 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
687,250 
350,618 
Shareholders' funds
687,350 
350,718 
For the period ending 30 April 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 director acknowledges his 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 and authorised for issue on 16 August 2024 and were signed on its behalf by
Suhail Alam Director Company Registration No. 09870971
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Excel Sa Limited Notes to the Accounts for the period from 1 June 2022 to 30 April 2023
1
Statutory information
Excel Sa Limited is a private company, limited by shares, registered in England and Wales, registration number 09870971. The registered office is 260-270 Butterfield, Great Marlings, Luton, Bedfordshire, LU2 8DL, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
4 Years
Motor vehicles
10 Years
Fixtures & fittings
5 Years
Computer equipment
3 Years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Excel Sa Limited Notes to the Accounts for the period from 1 June 2022 to 30 April 2023
Taxation
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 balance sheet date in the countries where the Company operates and generates income.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2022
46,293 
42,090 
26,448 
12,332 
127,163 
Additions
102,820 
- 
- 
- 
102,820 
At 30 April 2023
149,113 
42,090 
26,448 
12,332 
229,983 
Depreciation
At 1 June 2022
14,965 
10,523 
16,266 
8,344 
50,098 
Charge for the period
17,239 
4,209 
5,118 
2,476 
29,042 
At 30 April 2023
32,204 
14,732 
21,384 
10,820 
79,140 
Net book value
At 30 April 2023
116,909 
27,358 
5,064 
1,512 
150,843 
At 31 May 2022
31,328 
31,567 
10,182 
3,988 
77,065 
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Excel Sa Limited Notes to the Accounts for the period from 1 June 2022 to 30 April 2023
5
Investments
Other investments 
£ 
Valuation at 1 June 2022
30,000 
Valuation at 30 April 2023
30,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
110,000 
- 
Accrued income and prepayments
9,696 
7,265 
Other debtors
297,124 
119,310 
416,820 
126,575 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
65,692 
61,074 
Other creditors
6,128 
- 
Accruals
1,760 
3,840 
73,580 
64,914 
8
Transactions with related parties
During the year the company loaned the director £96,979.63, this was re-paid shortly after the year end. At the year end other debtors included £96,979.63 as amounts owed by the Director.
9
Controlling party
The parent company of Excel SA Limited is Medicliniq Ltd
10
Average number of employees
During the period the average number of employees was 5 (2022: 3).
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