1 July 2023 v2025.15.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP029826212023-07-012024-06-30029826212024-06-30029826212023-06-3002982621core:WithinOneYear2024-06-3002982621core:WithinOneYear2023-06-3002982621core:AfterOneYear2024-06-3002982621core:AfterOneYear2023-06-3002982621core:ShareCapital2024-06-3002982621core:ShareCapital2023-06-3002982621core:RetainedEarningsAccumulatedLosses2024-06-3002982621core:RetainedEarningsAccumulatedLosses2023-06-3002982621bus:Director12023-07-012024-06-3002982621bus:RegisteredOffice2023-07-012024-06-3002982621core:PlantMachinery2023-07-012024-06-3002982621core:OfficeEquipment2023-07-012024-06-30029826212022-07-012023-06-3002982621core:PlantMachinery2023-07-0102982621core:PlantMachinery2024-06-3002982621core:PlantMachinery2023-06-300298262112023-07-012024-06-3002982621countries:EnglandWales2023-07-012024-06-3002982621bus:AuditExemptWithAccountantsReport2023-07-012024-06-3002982621bus:PrivateLimitedCompanyLtd2023-07-012024-06-3002982621bus:SmallEntities2023-07-012024-06-3002982621bus:FullAccounts2023-07-012024-06-30
Company registration number:
02982621
Excell Lift Truck Training Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Excell Lift Truck Training Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
21,026
 
23,240
 
Current assets    
Debtors 6
61,671
 
48,496
 
Cash at bank and in hand
15,002
 
15,319
 
76,673
 
63,815
 
Creditors: amounts falling due within one year 7
(82,748
)
(99,424
)
Net current liabilities
(6,075
)
(35,609
)
Total assets less current liabilities 14,951   (12,369 )
Creditors: amounts falling due after more than one year 8
(9,622
)
(19,891
)
Provisions for liabilities
(3,813
) -  
Net assets/(liabilities)
1,516
 
(32,260
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
1,416
 
(32,360
)
Shareholders funds/(deficit)
1,516
 
(32,260
)
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
20 March 2025
, and are signed on behalf of the board by:
Mrs T Pearson
Director
Company registration number:
02982621
Excell Lift Truck Training Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 1 Trafford Moss Road Astra Business Park
,
Trafford Park
,
Manchester
,
M17 1SQ
.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The company met its day to day working capital requirements through the support of a bank loan facility in place. The director considers that the company will continue to operate within the facilities currently agreed. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Services are recognised in the period they are performed.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
15% reducing balance
Office equipment
15% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2023:
4
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2023
55,173
 
Additions
1,418
 
At
30 June 2024
56,591
 
Depreciation  
At
1 July 2023
31,933
 
Charge
3,632
 
At
30 June 2024
35,565
 
Carrying amount  
At
30 June 2024
21,026
 
At 30 June 2023
23,240
 

6 Debtors

20242023
££
Trade debtors
55,171
 
35,496
 
Other debtors
6,500
 
13,000
 
61,671
 
48,496
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
10,270
 
10,016
 
Trade creditors
1,646
 
1,984
 
Taxation and social security
42,577
 
58,990
 
Other creditors
28,255
 
28,434
 
82,748
 
99,424
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
9,622
 
19,891
 

9 Operating leases

The company as lessee    
20242023
££
Not later than 1 year
24,445
 
22,221