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
Excel Sa Limited
Statement of financial position
as at 30 April 2023
Tangible assets
150,843
77,065
Cash at bank and in hand
161,267
179,992
Creditors: amounts falling due within one year
(73,580)
(64,914)
Net current assets
506,507
243,653
Net assets
687,350
350,718
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
Excel Sa Limited
Notes to the Accounts
for the period from 1 June 2022 to 30 April 2023
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.
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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 period, 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.
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:
Fixtures & fittings
5 Years
Computer equipment
3 Years
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.
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.
Excel Sa Limited
Notes to the Accounts
for the period from 1 June 2022 to 30 April 2023
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.
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 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 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.
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.
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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
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
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
Excel Sa Limited
Notes to the Accounts
for the period from 1 June 2022 to 30 April 2023
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Investments
Other investments
Valuation at 1 June 2022
30,000
Valuation at 30 April 2023
30,000
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
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
65,692
61,074
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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.
The parent company of Excel SA Limited is Medicliniq Ltd
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Average number of employees
During the period the average number of employees was 5 (2022: 3).