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REGISTERED NUMBER: 04222150 (England and Wales)















Excell Trade Frames Limited

Unaudited Financial Statements for the Year Ended 31 July 2024






Excell Trade Frames Limited (Registered number: 04222150)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 5


Excell Trade Frames Limited

Company Information
for the Year Ended 31 July 2024







Directors: J Oliviero
B Woodward
G Oliviero





Secretary: J Oliviero





Registered office: Unit 4
Astley Park Estate
Chaddock Lane
Astley
Greater Manchester
M29 7JY





Registered number: 04222150 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Excell Trade Frames Limited (Registered number: 04222150)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 155,827 109,688
155,827 109,688

Current assets
Stocks 309,137 342,216
Debtors 6 476,128 691,563
Cash at bank and in hand 319,657 473,297
1,104,922 1,507,076
Creditors
Amounts falling due within one year 7 418,591 663,414
Net current assets 686,331 843,662
Total assets less current liabilities 842,158 953,350

Creditors
Amounts falling due after more than one
year

8

(15,202

)

(34,495

)

Provisions for liabilities 10 (38,848 ) (26,465 )
Net assets 788,108 892,390

Excell Trade Frames Limited (Registered number: 04222150)

Statement of Financial Position - continued
31 July 2024

2024 2023
Notes £    £    £    £   
Capital and reserves
Called up share capital 11 100 100
Retained earnings 788,008 892,290
Shareholders' funds 788,108 892,390

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

Excell Trade Frames Limited (Registered number: 04222150)

Statement of Financial Position - continued
31 July 2024



The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





G Oliviero - Director


Excell Trade Frames Limited (Registered number: 04222150)

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

1. Statutory information

Excell Trade Frames 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 and receivable for the supply and fitting of double glazed windows and doors, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year. Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


Excell Trade Frames Limited (Registered number: 04222150)

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

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 24 (2023 - 29 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 August 2023
and 31 July 2024 5,000
Amortisation
At 1 August 2023
and 31 July 2024 5,000
Net book value
At 31 July 2024 -
At 31 July 2023 -

Excell Trade Frames Limited (Registered number: 04222150)

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

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 August 2023 267,462 10,014 158,969 436,445
Additions 22,750 - 66,630 89,380
Disposals (11,645 ) - (30,539 ) (42,184 )
At 31 July 2024 278,567 10,014 195,060 483,641
Depreciation
At 1 August 2023 225,542 8,759 92,456 326,757
Charge for year 11,033 1,255 26,573 38,861
Eliminated on disposal (9,203 ) - (28,601 ) (37,804 )
At 31 July 2024 227,372 10,014 90,428 327,814
Net book value
At 31 July 2024 51,195 - 104,632 155,827
At 31 July 2023 41,920 1,255 66,513 109,688

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 August 2023 28,950 49,000 77,950
Reclassification - 28,760 28,760
At 31 July 2024 28,950 77,760 106,710
Depreciation
At 1 August 2023 14,128 26,570 40,698
Charge for year 2,964 12,124 15,088
Reclassification - 2,696 2,696
At 31 July 2024 17,092 41,390 58,482
Net book value
At 31 July 2024 11,858 36,370 48,228
At 31 July 2023 14,822 22,430 37,252

Excell Trade Frames Limited (Registered number: 04222150)

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

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 152,334 340,058
Amounts owed by associates 282,276 282,000
Other debtors 41,518 69,505
476,128 691,563

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loan - 32,433
Hire purchase contracts (see note 9) 10,600 15,066
Trade creditors 269,346 360,586
Taxation and social security 87,912 138,892
Other creditors 50,733 116,437
418,591 663,414

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loan - 27,027
Hire purchase contracts (see note 9) 15,202 7,468
15,202 34,495

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 10,600 15,066
Between one and five years 15,202 7,468
25,802 22,534

Excell Trade Frames Limited (Registered number: 04222150)

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

9. Leasing agreements - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 9,809 10,663
Between one and five years 5,142 14,951
14,951 25,614

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 38,848 26,465

Deferred
tax
£   
Balance at 1 August 2023 26,465
Provided during year 12,383
Balance at 31 July 2024 38,848

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
G Oliviero and J Oliviero
Balance outstanding at start of year 45,760 165,235
Amounts advanced 22,042 48,375
Amounts repaid (68,000 ) (167,850 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (198 ) 45,760