Company Registration No. 09870971 (England and Wales)
Excel Sa Limited
Unaudited accounts
for the year ended 30 April 2024
Excel Sa Limited
Statement of financial position
as at 30 April 2024
Tangible assets
114,336
150,843
Cash at bank and in hand
105,237
161,267
Creditors: amounts falling due within one year
(219,281)
(73,580)
Net current assets
298,572
506,507
Net assets
442,908
687,350
Called up share capital
100
100
Profit and loss account
442,808
687,250
Shareholders' funds
442,908
687,350
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 November 2024 and were signed on its behalf by
Suhail Alam
Director
Company Registration No. 09870971
Excel Sa Limited
Notes to the Accounts
for the year ended 30 April 2024
Excel Sa Limited is a private company, limited by shares, registered in England and Wales, registration number 09870971. The registered office is 260-270 Butterfield, Great Marlings, Luton, Bedfordshire, LU2 8DL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 Years
Computer equipment
3 Years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Excel Sa Limited
Notes to the Accounts
for the year ended 30 April 2024
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
149,113
42,090
26,448
12,332
229,983
Additions
-
-
5,709
2,576
8,285
At 30 April 2024
149,113
42,090
32,157
14,908
238,268
At 1 May 2023
32,204
14,732
21,384
10,820
79,140
Charge for the year
36,375
4,209
1,971
2,237
44,792
At 30 April 2024
68,579
18,941
23,355
13,057
123,932
At 30 April 2024
80,534
23,149
8,802
1,851
114,336
At 30 April 2023
116,909
27,358
5,064
1,512
150,843
Excel Sa Limited
Notes to the Accounts
for the year ended 30 April 2024
5
Investments
Other investments
Valuation at 1 May 2023
30,000
Valuation at 30 April 2024
30,000
Finished goods
2,000
2,000
Amounts falling due within one year
Amounts due from group undertakings etc.
150,000
110,000
Accrued income and prepayments
10,616
9,696
Other debtors
250,000
297,124
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
201,782
65,692
Other creditors
9,675
6,128
Loans from directors
4,938
-
The parent company of Excel SA Limited is Medicliniq Ltd
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).