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Company registration number: 04514362
Excel Electrical UK Ltd
Unaudited filleted financial statements
31 March 2024
Excel Electrical UK Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Excel Electrical UK Ltd
Directors and other information
Director T Broad
Secretary A Broad
Company number 04514362
Registered office Thorndale Mudhouse Lane
Burton
Cheshire
CH64 5TS
Business address Thorndale Mudhouse Lane
Burton
Cheshire
CH64 5TS
Accountants Hailwood & Co
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
Excel Electrical UK Ltd
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Excel Electrical UK Ltd
Year ended 31 March 2024
As described on the Statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2024, as set out on pages 3 to 7.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Hailwood & Co
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
22 July 2024
Excel Electrical UK Ltd
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 8,599 10,056
_______ _______
8,599 10,056
Current assets
Debtors 6 1,062 955
Cash at bank and in hand 1,962 32,454
_______ _______
3,024 33,409
Creditors: amounts falling due
within one year 7 ( 11,613) ( 43,455)
_______ _______
Net current liabilities ( 8,589) ( 10,046)
_______ _______
Total assets less current liabilities 10 10
_______ _______
Net assets 10 10
_______ _______
Capital and reserves
Called up share capital 10 10
_______ _______
Shareholders funds 10 10
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 July 2024 , and are signed on behalf of the board by:
T Broad
Director
Company registration number: 04514362
Excel Electrical UK Ltd
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Thorndale Mudhouse Lane, Burton, Cheshire, CH64 5TS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % reducing balance
Office equipment - 20 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery Office equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 15,724 5,072 43,844 64,640
Additions - 997 - 997
_______ _______ _______ _______
At 31 March 2024 15,724 6,069 43,844 65,637
_______ _______ _______ _______
Depreciation
At 1 April 2023 11,277 4,321 38,986 54,584
Charge for the year 889 350 1,215 2,454
_______ _______ _______ _______
At 31 March 2024 12,166 4,671 40,201 57,038
_______ _______ _______ _______
Carrying amount
At 31 March 2024 3,558 1,398 3,643 8,599
_______ _______ _______ _______
At 31 March 2023 4,447 751 4,858 10,056
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Other debtors 1,062 955
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 656 140
Corporation tax 2,929 2,487
Social security and other taxes - 1,986
Other creditors 8,028 38,842
_______ _______
11,613 43,455
_______ _______
8. Controlling party
The company is controlled by the director whose name is shown on the director's report.
9. Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.