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REGISTERED NUMBER: 08405279 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

EXCEL CONNECT SOLUTIONS LTD

EXCEL CONNECT SOLUTIONS LTD (REGISTERED NUMBER: 08405279)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EXCEL CONNECT SOLUTIONS LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R S Mason
Mr N Clarke
Mr M R Stead





REGISTERED OFFICE: Units 56-60 Woodside Business Park
Shore Road
Birkenhead
Wirral
Merseyside
CH41 1EL





REGISTERED NUMBER: 08405279 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

EXCEL CONNECT SOLUTIONS LTD (REGISTERED NUMBER: 08405279)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,264 158,403

CURRENT ASSETS
Debtors 5 11,316 40,298
Cash at bank 6,460 22,797
17,776 63,095
CREDITORS
Amounts falling due within one year 6 36,477 47,035
NET CURRENT (LIABILITIES)/ASSETS (18,701 ) 16,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,563

174,463

CREDITORS
Amounts falling due after more than one
year

7

39,229

73,979
NET ASSETS 105,334 100,484

CAPITAL AND RESERVES
Called up share capital 8 150 150
Revaluation reserve 9 94,166 94,166
Retained earnings 9 11,018 6,168
SHAREHOLDERS' FUNDS 105,334 100,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by:





Mr R S Mason - Director


EXCEL CONNECT SOLUTIONS LTD (REGISTERED NUMBER: 08405279)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Excel Connect Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 155,000 5,105 160,105
Additions - 8,750 8,750
At 31 March 2024 155,000 13,855 168,855
DEPRECIATION
At 1 April 2023 - 1,702 1,702
Charge for year - 3,889 3,889
At 31 March 2024 - 5,591 5,591
NET BOOK VALUE
At 31 March 2024 155,000 8,264 163,264
At 31 March 2023 155,000 3,403 158,403

EXCEL CONNECT SOLUTIONS LTD (REGISTERED NUMBER: 08405279)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2023 94,166
Cost 60,834
155,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,682 33,370
Other debtors 3,634 6,928
11,316 40,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,250 3,250
Trade creditors 17,376 10,485
Taxation and social security 5,872 12,061
Other creditors 9,979 21,239
36,477 47,035

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 6,229 9,479
Other creditors 33,000 64,500
39,229 73,979

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
150 Ordinary £1 150 150

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 6,168 94,166 100,334
Profit for the year 4,850 4,850
At 31 March 2024 11,018 94,166 105,184