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REGISTERED NUMBER: 06812988 (England and Wales)















EXCELL RAIL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2024






EXCELL RAIL LIMITED (REGISTERED NUMBER: 06812988)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 MARCH 2023 TO 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXCELL RAIL LIMITED

COMPANY INFORMATION
For The Period 1 MARCH 2023 TO 31 AUGUST 2024







DIRECTOR: D Dummer





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 06812988 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

EXCELL RAIL LIMITED (REGISTERED NUMBER: 06812988)

BALANCE SHEET
31 AUGUST 2024

31.8.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 106,389
- 106,389

CURRENT ASSETS
Debtors 5 75,356 922,991
Cash at bank and in hand 3,068 174,782
78,424 1,097,773
CREDITORS
Amounts falling due within one year 6 94,524 1,149,469
NET CURRENT LIABILITIES (16,100 ) (51,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,100

)

54,693

CREDITORS
Amounts falling due after more than one year 7 (7,500 ) (22,776 )

PROVISIONS FOR LIABILITIES - (17,461 )
NET (LIABILITIES)/ASSETS (23,600 ) 14,456

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (23,610 ) 14,446
SHAREHOLDERS' FUNDS (23,600 ) 14,456

EXCELL RAIL LIMITED (REGISTERED NUMBER: 06812988)

BALANCE SHEET - continued
31 AUGUST 2024


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

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 director and authorised for issue on 31 October 2024 and were signed by:





D Dummer - Director


EXCELL RAIL LIMITED (REGISTERED NUMBER: 06812988)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 MARCH 2023 TO 31 AUGUST 2024


1. STATUTORY INFORMATION

Excell Rail Limited 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.
Improvements to Property - 20% on cost and 10% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the period 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 period 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 period was 10 (2023 - 8 ) .

EXCELL RAIL LIMITED (REGISTERED NUMBER: 06812988)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 MARCH 2023 TO 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
Property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 27,118 29,216 205,371 16,543 278,248
Additions - - 11,370 1,277 12,647
Disposals (27,118 ) (29,216 ) (216,741 ) (17,820 ) (290,895 )
At 31 August 2024 - - - - -
DEPRECIATION
At 1 March 2023 8,352 19,907 132,602 10,998 171,859
Eliminated on disposal (8,352 ) (19,907 ) (132,602 ) (10,998 ) (171,859 )
At 31 August 2024 - - - - -
NET BOOK VALUE
At 31 August 2024 - - - - -
At 28 February 2023 18,766 9,309 72,769 5,545 106,389

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 28.2.23
£    £   
Trade debtors 8,758 914,698
Amounts owed by group undertakings 66,457 -
Other debtors 141 8,293
75,356 922,991

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 28.2.23
£    £   
Bank loans and overdrafts 9,167 9,719
Trade creditors 17,293 86,677
Amounts owed to group undertakings 26,948 203,934
Taxation and social security 25,199 172,645
Other creditors 15,917 676,494
94,524 1,149,469

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 28.2.23
£    £   
Bank loans 7,500 22,776

8. SECURED DEBTS

A fixed and floating charge over the tangible and intangible fixed assets held by the company both now and in the future was created on 11 July 2018 securing the company's indebtedness to Gener8 Finance Limited.