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REGISTERED NUMBER: 06464902 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Excel Global Trading Ltd

Excel Global Trading Ltd (Registered number: 06464902)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Excel Global Trading Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr Ana Choudhury
Mr Numan Choudhury





REGISTERED OFFICE: 26 Thorney Laane Sourh
Iver
Buckinghamshire
SL0 9AE





REGISTERED NUMBER: 06464902 (England and Wales)





ACCOUNTANTS: JSS & Co Accountants
26 Thorney Lane South
Iver
Buckinghamshire
SL0 9AE

Excel Global Trading Ltd (Registered number: 06464902)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 30,000 30,000
Tangible assets 5 70,624 71,673
100,624 101,673

CURRENT ASSETS
Stocks 62,750 92,500
Debtors 6 4,262 4,737
Cash in hand 200 -
67,212 97,237
CREDITORS
Amounts falling due within one year 7 27,315 32,293
NET CURRENT ASSETS 39,897 64,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,521

166,617

CREDITORS
Amounts falling due after more than one year 8 179,493 186,697
NET LIABILITIES (38,972 ) (20,080 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (39,072 ) (20,180 )
SHAREHOLDERS' FUNDS (38,972 ) (20,080 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 25 October 2024 and were signed on its behalf by:





Mr Ana Choudhury - Director


Excel Global Trading Ltd (Registered number: 06464902)

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

1. STATUTORY INFORMATION

Excel Global Trading 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Computer equipment - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 6 ) .

Excel Global Trading Ltd (Registered number: 06464902)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 February 2023
and 31 January 2024 30,000
NET BOOK VALUE
At 31 January 2024 30,000
At 31 January 2023 30,000

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£ £ £ £
COST
At 1 February 2023
and 31 January 2024 64,695 50,607 1,254 116,556
DEPRECIATION
At 1 February 2023 - 43,679 1,204 44,883
Charge for year - 1,039 10 1,049
At 31 January 2024 - 44,718 1,214 45,932
NET BOOK VALUE
At 31 January 2024 64,695 5,889 40 70,624
At 31 January 2023 64,695 6,928 50 71,673

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Trade debtors 1,345 1,820
Other debtors 2,917 2,917
4,262 4,737

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Bank loans and overdrafts 1,093 5,132
Trade creditors 4,827 10,410
Taxation and social security 16,508 16,751
Other creditors 4,887 -
27,315 32,293

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£ £
Bank loans 49,836 67,326
Other creditors 129,657 119,371
179,493 186,697

Excel Global Trading Ltd (Registered number: 06464902)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.24 31.1.23
£ £
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 34,324 43,431

Repayable by instalments
Bank loans more 5 yr by instal 15,512 23,895