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Excel Midlands Ltd
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Excel Midlands Ltd For The Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Excel Midlands Ltd For The Year Ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Excel Midlands Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Excel Midlands Ltd and state those matters that we have agreed to state to the director of Excel Midlands Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Excel Midlands Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Excel Midlands Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Excel Midlands Ltd . You consider that Excel Midlands Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Excel Midlands Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
30 October 2024
Cooper Adams Ltd
Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
Page 1
Page 2
Balance Sheet
Registered number: 11727663
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 20,616 1,231
20,616 1,231
Creditors: Amounts Falling Due Within One Year (12,332 ) (3,074 )
NET CURRENT ASSETS (LIABILITIES) 8,284 (1,843 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,284 (1,843 )
NET ASSETS/(LIABILITIES) 8,284 (1,843 )
CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and Loss Account 8,283 (1,844 )
SHAREHOLDERS' FUNDS 8,284 (1,843)
Page 2
Page 3
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Emmanuel Adeseko
Director
30 October 2024
The notes on page 4 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Excel Midlands Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11727663 . The registered office is 240 Marsh Lane, West Bromwich, B71 2DB.
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, excluding discounts, rebates, value added tax and other sales tax.
2.3. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4