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REGISTERED NUMBER: 10024119 (England and Wales)















Excel Auto Care Ltd

Unaudited Financial Statements for the Year Ended 29 February 2024






Excel Auto Care Ltd (Registered number: 10024119)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Excel Auto Care Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: N Heyes





REGISTERED OFFICE: Holme Road
Yaxley
Peterborough
Cambridgeshire
PE7 3NA





REGISTERED NUMBER: 10024119 (England and Wales)





ACCOUNTANTS: Salway and Wright
32 The Crescent
Spalding
Lincolnshire
PE11 1AF

Excel Auto Care Ltd (Registered number: 10024119)

Abridged Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,140 48,900

CURRENT ASSETS
Stocks 4,200 4,600
Debtors 8,805 -
Cash at bank and in hand 135,409 79,885
148,414 84,485
CREDITORS
Amounts falling due within one year 122,298 101,388
NET CURRENT ASSETS/(LIABILITIES) 26,116 (16,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,256

31,997

CREDITORS
Amounts falling due after more than one
year

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES (5,148 ) (9,291 )
NET ASSETS 31,608 206

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 31,408 6
31,608 206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Excel Auto Care Ltd (Registered number: 10024119)

Abridged Balance Sheet - continued
29 February 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





N Heyes - Director


Excel Auto Care Ltd (Registered number: 10024119)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Excel Auto Care 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.

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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Government grants
Government grants received or receivable are treated as revenue and credited to the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Excel Auto Care Ltd (Registered number: 10024119)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 112,924
Additions 27,005
Disposals (62,000 )
At 29 February 2024 77,929
DEPRECIATION
At 1 March 2023 64,024
Charge for year 5,841
Eliminated on disposal (15,076 )
At 29 February 2024 54,789
NET BOOK VALUE
At 29 February 2024 23,140
At 28 February 2023 48,900