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REGISTERED NUMBER: 13571361 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2024

FOR

EXCELL CABLE JOINTING SERVICES LTD

EXCELL CABLE JOINTING SERVICES LTD (REGISTERED NUMBER: 13571361)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


EXCELL CABLE JOINTING SERVICES LTD (REGISTERED NUMBER: 13571361)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 47,024 30,526

CURRENT ASSETS
Debtors 6 76,045 55,940
Cash at bank 109,897 95,577
185,942 151,517
CREDITORS
Amounts falling due within one year 7 41,049 61,045
NET CURRENT ASSETS 144,893 90,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,917

120,998

CREDITORS
Amounts falling due after more than
one year

8

(13,960

)

(11,059

)

PROVISIONS FOR LIABILITIES 9 (11,756 ) (7,632 )
NET ASSETS 166,201 102,307

CAPITAL AND RESERVES
Called up share capital 10 100 1
Retained earnings 166,101 102,306
SHAREHOLDERS' FUNDS 166,201 102,307

EXCELL CABLE JOINTING SERVICES LTD (REGISTERED NUMBER: 13571361)

BALANCE SHEET - continued
31 AUGUST 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2025 and were signed on its behalf by:




Mr M A Bosley - Director



Mrs J Bosley - Director


EXCELL CABLE JOINTING SERVICES LTD (REGISTERED NUMBER: 13571361)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Excell Cable Jointing Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13571361

Registered office: 97 Battle Road
St. Leonards-on-Sea
East Sussex
TN37 7AB

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts receivable for services provided during the year.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

EXCELL CABLE JOINTING SERVICES LTD (REGISTERED NUMBER: 13571361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. ACCOUNTING POLICIES - continued

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 year 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
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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

EXCELL CABLE JOINTING SERVICES LTD (REGISTERED NUMBER: 13571361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 3,060 33,990 1,049 38,099
Additions 1,310 30,819 - 32,129
At 31 August 2024 4,370 64,809 1,049 70,228
DEPRECIATION
At 1 September 2023 1,029 6,009 535 7,573
Charge for year 668 14,700 263 15,631
At 31 August 2024 1,697 20,709 798 23,204
NET BOOK VALUE
At 31 August 2024 2,673 44,100 251 47,024
At 31 August 2023 2,031 27,981 514 30,526

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 33,990
Additions 17,995
At 31 August 2024 51,985
DEPRECIATION
At 1 September 2023 6,009
Charge for year 11,494
At 31 August 2024 17,503
NET BOOK VALUE
At 31 August 2024 34,482
At 31 August 2023 27,981

EXCELL CABLE JOINTING SERVICES LTD (REGISTERED NUMBER: 13571361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,690 32,355
Other debtors 1,073 -
CIS tax and PAYE recoverable 28,747 18,271
VAT 994 4,994
Prepayments and accrued income 541 320
76,045 55,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,247 5,772
Trade creditors - 1,828
Corporation tax 25,697 18,171
Other creditors 2,095 -
Directors' current account 786 28,234
Accruals and deferred income 7,224 7,040
41,049 61,045

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,960 11,059

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 11,756 7,632

Deferred
tax
£   
Balance at 1 September 2023 7,632
Provided during year 4,124
Balance at 31 August 2024 11,756

EXCELL CABLE JOINTING SERVICES LTD (REGISTERED NUMBER: 13571361)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


10. CALLED UP SHARE CAPITAL

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

99 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.