Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 03701161 Mr William James Mr David James Mr Craig Richards Mr Christian Shepherd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03701161 2023-01-31 03701161 2024-01-31 03701161 2023-02-01 2024-01-31 03701161 frs-core:CurrentFinancialInstruments 2024-01-31 03701161 frs-core:Non-currentFinancialInstruments 2024-01-31 03701161 frs-core:ComputerEquipment 2024-01-31 03701161 frs-core:ComputerEquipment 2023-02-01 2024-01-31 03701161 frs-core:ComputerEquipment 2023-01-31 03701161 frs-core:FurnitureFittings 2024-01-31 03701161 frs-core:FurnitureFittings 2023-02-01 2024-01-31 03701161 frs-core:FurnitureFittings 2023-01-31 03701161 frs-core:NetGoodwill 2024-01-31 03701161 frs-core:NetGoodwill 2023-02-01 2024-01-31 03701161 frs-core:NetGoodwill 2023-01-31 03701161 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 03701161 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 03701161 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 03701161 frs-core:MotorVehicles 2024-01-31 03701161 frs-core:MotorVehicles 2023-02-01 2024-01-31 03701161 frs-core:MotorVehicles 2023-01-31 03701161 frs-core:PlantMachinery 2024-01-31 03701161 frs-core:PlantMachinery 2023-02-01 2024-01-31 03701161 frs-core:PlantMachinery 2023-01-31 03701161 frs-core:WithinOneYear 2024-01-31 03701161 frs-core:ShareCapital 2024-01-31 03701161 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 03701161 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03701161 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 03701161 frs-bus:SmallEntities 2023-02-01 2024-01-31 03701161 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03701161 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03701161 frs-bus:Director1 2023-02-01 2024-01-31 03701161 frs-bus:Director2 2023-02-01 2024-01-31 03701161 frs-bus:Director3 2023-02-01 2024-01-31 03701161 frs-bus:Director4 2023-02-01 2024-01-31 03701161 frs-countries:EnglandWales 2023-02-01 2024-01-31 03701161 2022-01-31 03701161 2023-01-31 03701161 2022-02-01 2023-01-31 03701161 frs-core:CurrentFinancialInstruments 2023-01-31 03701161 frs-core:Non-currentFinancialInstruments 2023-01-31 03701161 frs-core:BetweenOneFiveYears 2023-01-31 03701161 frs-core:WithinOneYear 2023-01-31 03701161 frs-core:ShareCapital 2023-01-31 03701161 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 03701161
Excel Power Construction Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
The Wright Advice Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03701161
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,022,654 1,118,604
1,022,654 1,118,604
CURRENT ASSETS
Stocks 6 313,295 778,300
Debtors 7 579,892 708,535
Cash at bank and in hand 203,318 126,517
1,096,505 1,613,352
Creditors: Amounts Falling Due Within One Year 8 (1,408,806 ) (1,718,817 )
NET CURRENT ASSETS (LIABILITIES) (312,301 ) (105,465 )
TOTAL ASSETS LESS CURRENT LIABILITIES 710,353 1,013,139
Creditors: Amounts Falling Due After More Than One Year 9 (978,472 ) (734,748 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (52,627 ) (54,852 )
NET (LIABILITIES)/ASSETS (320,746 ) 223,539
CAPITAL AND RESERVES
Called up share capital 11 110 110
Profit and Loss Account (320,856 ) 223,429
SHAREHOLDERS' FUNDS (320,746) 223,539
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For the year ending 31 January 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr William James
Director
14/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Excel Power Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03701161 . The registered office is Unit C, Parc Eirin, Tonyrefail, CF39 8WA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
Plant & Machinery 15% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% straight line
Computer Equipment 33% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences on the carrying amounts of assets in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. 
Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities. The measurement of deferred tax liabilities reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to settle the carrying amount of its liabilities.
Current or deferred tax for the year is recognised in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 40 (2023: 52)
40 52
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 14,000
As at 31 January 2024 14,000
Amortisation
As at 1 February 2023 14,000
As at 31 January 2024 14,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2023 887,973 353,016 328,332 26,156
Additions - - - -
Disposals - - - (3,216 )
As at 31 January 2024 887,973 353,016 328,332 22,940
...CONTINUED
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Page 5
Depreciation
As at 1 February 2023 58,064 216,558 193,229 16,145
Provided during the period 17,761 42,556 33,778 3,331
Disposals - - - (3,216 )
As at 31 January 2024 75,825 259,114 227,007 16,260
Net Book Value
As at 31 January 2024 812,148 93,902 101,325 6,680
As at 1 February 2023 829,909 136,458 135,103 10,011
Computer Equipment Total
£ £
Cost
As at 1 February 2023 21,923 1,617,400
Additions 6,932 6,932
Disposals (5,329 ) (8,545 )
As at 31 January 2024 23,526 1,615,787
Depreciation
As at 1 February 2023 14,800 498,796
Provided during the period 5,456 102,882
Disposals (5,329 ) (8,545 )
As at 31 January 2024 14,927 593,133
Net Book Value
As at 31 January 2024 8,599 1,022,654
As at 1 February 2023 7,123 1,118,604
6. Stocks
2024 2023
£ £
Materials 125,000 107,000
Work in progress 188,295 671,300
313,295 778,300
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 525,574 689,893
Other debtors 38,156 2,480
563,730 692,373
Due after more than one year
Other debtors 16,162 16,162
579,892 708,535
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,684 23,440
Trade creditors 1,134,122 1,409,537
Bank loans and overdrafts 140,830 126,194
Other creditors 87,531 98,939
Taxation and social security 42,639 60,707
1,408,806 1,718,817
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 3,684
Bank loans 978,472 730,447
Taxation and social security - 617
978,472 734,748
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,684 23,440
Later than one year and not later than five years - 3,684
3,684 27,124
3,684 27,124
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
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