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REGISTERED NUMBER: 07943994 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

EXCEL LEGAL (P. I. ) LIMITED

EXCEL LEGAL (P. I. ) LIMITED (REGISTERED NUMBER: 07943994)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


EXCEL LEGAL (P. I. ) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs H. A. Thompson
C Chapman





REGISTERED OFFICE: 19 Knowsley Street
Bury
Lancashire
BL9 0ST





REGISTERED NUMBER: 07943994 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

EXCEL LEGAL (P. I. ) LIMITED (REGISTERED NUMBER: 07943994)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,324 1,685

CURRENT ASSETS
Stocks 25,340 33,018
Debtors 45,998 52,754
Cash at bank and in hand - 44,175
71,338 129,947
CREDITORS
Amounts falling due within one year 62,240 40,498
NET CURRENT ASSETS 9,098 89,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,422

91,134

CREDITORS
Amounts falling due after more than one year (10,000 ) -

PROVISIONS FOR LIABILITIES (159 ) (207 )
NET ASSETS 263 90,927

CAPITAL AND RESERVES
Called up share capital 199 199
Retained earnings 64 90,728
SHAREHOLDERS' FUNDS 263 90,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

EXCEL LEGAL (P. I. ) LIMITED (REGISTERED NUMBER: 07943994)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:




Mrs H. A. Thompson - Director



C Chapman - Director


EXCEL LEGAL (P. I. ) LIMITED (REGISTERED NUMBER: 07943994)

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

1. STATUTORY INFORMATION

Excel Legal (P. I. ) 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 or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

Work in progress
Where a fee is contingent and the work had been completed at the year end it is included as accrued income as detailed in the Accrued Income policy.

Where work has been undertaken in respect of other work this is included as work in progress at the respective employee charge out rates. Where the time undertaken exceeds the potential recovery, provision is included to carry work in progress at the expected recovery value. No account has been taken of success fees as these only apply when the job is completed satisfactorily.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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
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.

Accrued income
Per FRS102 where a fee is contingent and the work had been undertaken at the year end, if the contingency is met prior to the accounts being signed off then the value of the work done to the balance sheet date should be included in the accounts as accrued income. No value is included for work which is still considered by the director as contingent.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

EXCEL LEGAL (P. I. ) LIMITED (REGISTERED NUMBER: 07943994)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 24,606
Additions 378
Disposals (570 )
At 31 March 2024 24,414
DEPRECIATION
At 1 April 2023 22,921
Charge for year 739
Eliminated on disposal (570 )
At 31 March 2024 23,090
NET BOOK VALUE
At 31 March 2024 1,324
At 31 March 2023 1,685