Company Registration No. 04129971 (England and Wales)
EXCELL METAL SPINNING LIMITED
Unaudited accounts
for the year ended 31 May 2024
EXCELL METAL SPINNING LIMITED
Unaudited accounts
Contents
EXCELL METAL SPINNING LIMITED
Company Information
for the year ended 31 May 2024
Directors
Mr L Bligh
Mrs J Hunt
Mr N Hunt
Company Number
04129971 (England and Wales)
Registered Office
LYNDUM HOUSE
12 HIGH STREET
PETERSFIELD
GU32 3JG
ENGLAND
Accountants
Premier UK Business LLP
Lyndum House
12 High street
Petersfield
United Kingdom
GU32 3JG
EXCELL METAL SPINNING LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
135,814
133,998
Inventories
87,096
128,664
Cash at bank and in hand
126,884
88,308
Creditors: amounts falling due within one year
(277,524)
(228,188)
Net current assets
334,231
356,036
Total assets less current liabilities
470,045
490,034
Creditors: amounts falling due after more than one year
(22,457)
(46,419)
Provisions for liabilities
Other provisions
(23,788)
(25,211)
Net assets
423,800
418,404
Called up share capital
100
100
Profit and loss account
423,700
418,304
Shareholders' funds
423,800
418,404
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by
Mr L Bligh
Director
Company Registration No. 04129971
EXCELL METAL SPINNING LIMITED
Notes to the Accounts
for the year ended 31 May 2024
EXCELL METAL SPINNING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04129971. The registered office is LYNDUM HOUSE, 12 HIGH STREET, PETERSFIELD, GU32 3JG, 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.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
20,038
532,916
36,887
12,998
602,839
Additions
-
47,995
-
-
47,995
At 31 May 2024
20,038
580,911
36,887
12,998
650,834
At 1 June 2023
15,336
412,550
30,886
10,069
468,841
Charge for the year
2,003
42,091
1,500
585
46,179
At 31 May 2024
17,339
454,641
32,386
10,654
515,020
At 31 May 2024
2,699
126,270
4,501
2,344
135,814
At 31 May 2023
4,702
120,366
6,001
2,929
133,998
EXCELL METAL SPINNING LIMITED
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
252,227
188,321
Other debtors
145,548
178,931
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,552
4,711
Obligations under finance leases and hire purchase contracts
13,326
14,248
Trade creditors
100,477
85,038
Taxes and social security
10,289
30,081
Other creditors
38,692
15,102
Loans from directors
15,059
69
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,112
18,438
8
Average number of employees
During the year the average number of employees was 24 (2023: 24).