2023-04-012024-03-312024-03-31false06391372EXCELLENCE IT (UK) LIMITED2024-10-28iso4217:GBPxbrli:pure063913722023-04-01063913722024-03-31063913722023-04-012024-03-31063913722022-04-01063913722023-03-31063913722022-04-012023-03-3106391372bus:SmallEntities2023-04-012024-03-3106391372bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3106391372bus:FullAccounts2023-04-012024-03-3106391372bus:PrivateLimitedCompanyLtd2023-04-012024-03-3106391372core:WithinOneYear2024-03-3106391372core:AfterOneYear2024-03-3106391372core:WithinOneYear2023-03-3106391372core:AfterOneYear2023-03-3106391372core:ShareCapital2024-03-3106391372core:SharePremium2024-03-3106391372core:RevaluationReserve2024-03-3106391372core:OtherReservesSubtotal2024-03-3106391372core:RetainedEarningsAccumulatedLosses2024-03-3106391372core:ShareCapital2023-03-3106391372core:SharePremium2023-03-3106391372core:RevaluationReserve2023-03-3106391372core:OtherReservesSubtotal2023-03-3106391372core:RetainedEarningsAccumulatedLosses2023-03-3106391372core:LandBuildings2024-03-3106391372core:PlantMachinery2024-03-3106391372core:Vehicles2024-03-3106391372core:FurnitureFittings2024-03-3106391372core:OfficeEquipment2024-03-3106391372core:NetGoodwill2024-03-3106391372core:IntangibleAssetsOtherThanGoodwill2024-03-3106391372core:ListedExchangeTraded2024-03-3106391372core:UnlistedNon-exchangeTraded2024-03-3106391372core:LandBuildings2023-03-3106391372core:PlantMachinery2023-03-3106391372core:Vehicles2023-03-3106391372core:FurnitureFittings2023-03-3106391372core:OfficeEquipment2023-03-3106391372core:NetGoodwill2023-03-3106391372core:IntangibleAssetsOtherThanGoodwill2023-03-3106391372core:ListedExchangeTraded2023-03-3106391372core:UnlistedNon-exchangeTraded2023-03-3106391372core:LandBuildings2023-04-012024-03-3106391372core:PlantMachinery2023-04-012024-03-3106391372core:Vehicles2023-04-012024-03-3106391372core:FurnitureFittings2023-04-012024-03-3106391372core:OfficeEquipment2023-04-012024-03-3106391372core:NetGoodwill2023-04-012024-03-3106391372core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106391372core:ListedExchangeTraded2023-04-012024-03-3106391372core:UnlistedNon-exchangeTraded2023-04-012024-03-3106391372core:MoreThanFiveYears2023-04-012024-03-3106391372core:Non-currentFinancialInstruments2024-03-3106391372core:Non-currentFinancialInstruments2023-03-3106391372dpl:CostSales2023-04-012024-03-3106391372dpl:DistributionCosts2023-04-012024-03-3106391372core:LandBuildings2023-04-012024-03-3106391372core:PlantMachinery2023-04-012024-03-3106391372core:Vehicles2023-04-012024-03-3106391372core:FurnitureFittings2023-04-012024-03-3106391372core:OfficeEquipment2023-04-012024-03-3106391372dpl:AdministrativeExpenses2023-04-012024-03-3106391372core:NetGoodwill2023-04-012024-03-3106391372core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106391372dpl:GroupUndertakings2023-04-012024-03-3106391372dpl:ParticipatingInterests2023-04-012024-03-3106391372dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3106391372core:ListedExchangeTraded2023-04-012024-03-3106391372dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3106391372core:UnlistedNon-exchangeTraded2023-04-012024-03-3106391372dpl:CostSales2022-04-012023-03-3106391372dpl:DistributionCosts2022-04-012023-03-3106391372core:LandBuildings2022-04-012023-03-3106391372core:PlantMachinery2022-04-012023-03-3106391372core:Vehicles2022-04-012023-03-3106391372core:FurnitureFittings2022-04-012023-03-3106391372core:OfficeEquipment2022-04-012023-03-3106391372dpl:AdministrativeExpenses2022-04-012023-03-3106391372core:NetGoodwill2022-04-012023-03-3106391372core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106391372dpl:GroupUndertakings2022-04-012023-03-3106391372dpl:ParticipatingInterests2022-04-012023-03-3106391372dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3106391372core:ListedExchangeTraded2022-04-012023-03-3106391372dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3106391372core:UnlistedNon-exchangeTraded2022-04-012023-03-3106391372core:NetGoodwill2024-03-3106391372core:IntangibleAssetsOtherThanGoodwill2024-03-3106391372core:LandBuildings2024-03-3106391372core:PlantMachinery2024-03-3106391372core:Vehicles2024-03-3106391372core:FurnitureFittings2024-03-3106391372core:OfficeEquipment2024-03-3106391372core:AfterOneYear2024-03-3106391372core:WithinOneYear2024-03-3106391372core:ListedExchangeTraded2024-03-3106391372core:UnlistedNon-exchangeTraded2024-03-3106391372core:ShareCapital2024-03-3106391372core:SharePremium2024-03-3106391372core:RevaluationReserve2024-03-3106391372core:OtherReservesSubtotal2024-03-3106391372core:RetainedEarningsAccumulatedLosses2024-03-3106391372core:NetGoodwill2023-03-3106391372core:IntangibleAssetsOtherThanGoodwill2023-03-3106391372core:LandBuildings2023-03-3106391372core:PlantMachinery2023-03-3106391372core:Vehicles2023-03-3106391372core:FurnitureFittings2023-03-3106391372core:OfficeEquipment2023-03-3106391372core:AfterOneYear2023-03-3106391372core:WithinOneYear2023-03-3106391372core:ListedExch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EXCELLENCE IT (UK) LIMITED

Registered Number
06391372
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

EXCELLENCE IT (UK) LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Andrew Beer
Andrew Jarlett Green

Company Secretary

Andrew Jarlett Green

Registered Address

Unit A, 3-4 De Clare Court 5 Sir Alfred Owen Way
Pontygwindy Industrial Estate
Caerphilly
CF83 3HU

Registered Number

06391372 (England and Wales)
EXCELLENCE IT (UK) LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets420,97027,305
Investments5251,689230,140
272,659257,445
Current assets
Debtors6457,613361,566
Cash at bank and on hand899,997548,224
1,357,610909,790
Creditors amounts falling due within one year7(351,808)(247,162)
Net current assets (liabilities)1,005,802662,628
Total assets less current liabilities1,278,461920,073
Provisions for liabilities8(5,243)(6,826)
Net assets1,273,218913,247
Capital and reserves
Called up share capital22
Profit and loss account1,273,216913,245
Shareholders' funds1,273,218913,247
The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2024, and are signed on its behalf by:
Andrew Jarlett Green
Director
Registered Company No. 06391372
EXCELLENCE IT (UK) LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings20
Fixtures and fittings25
Office Equipment25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Financial instruments
Classification Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debt instruments are subsequently measured at amortised cost. Impairment Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Government grants or assistance
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants toward revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
2.Average number of employees

20242023
Average number of employees during the year1815
3.Intangible assets
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Goodwill : Straight line over 3 years

Goodwill

Total

££
Cost or valuation
At 01 April 2310,00010,000
At 31 March 2410,00010,000
Amortisation and impairment
At 01 April 2310,00010,000
At 31 March 2410,00010,000
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Land & buildings

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 2321,56019,886112,527153,973
Additions-330-330
At 31 March 2421,56020,216112,527154,303
Depreciation and impairment
At 01 April 2317,00116,62593,042126,668
Charge for year9128824,8716,665
At 31 March 2417,91317,50797,913133,333
Net book value
At 31 March 243,6472,70914,61420,970
At 31 March 234,5593,26119,48527,305
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 April 23230,140230,140
Additions26,62226,622
Revaluations17,39517,395
Disposals(22,468)(22,468)
At 31 March 24251,689251,689
Net book value
At 31 March 24251,689251,689
At 31 March 23230,140230,140

Notes

1Other investments other than loans
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables428,415313,027
Other debtors-25,012
Prepayments and accrued income29,19823,527
Total457,613361,566
Short term debtors are measured at transaction price (which is usually the invoice price).
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables74,848112,457
Taxation and social security239,093115,641
Other creditors21,71212,807
Accrued liabilities and deferred income16,1556,257
Total351,808247,162
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)5,2436,826
Total5,2436,826
9.Related party transactions
Included within other creditors at year end is a balance of £822 (2023: £198) owed to the directors by the company. The balance is interest free, unsecured and has no set repayment terms.