Registration number: 00463696

Excelsior Roto Moulding Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Excelsior Roto Moulding Ltd

Company Information

Directors

Mr G Fielding Mr J Fielding

Company secretary

Mr J Fielding

Registered office

Hartshead Works Deal Street Bury BL9 7PU

Accountants

HML Davies Limited Chartered Certified Accountant 9 Riverside Waters Meeting Road Bolton BL1 8TU

Excelsior Roto Moulding Ltd

(Registration number: 00463696)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	14,494	18,593
Tangible assets	5	700,908	378,772
		715,402	397,365
Current assets
Stocks	6	377,563	330,999
Debtors	7	824,424	1,073,830
Cash at bank and in hand		682,320	488,906
		1,884,307	1,893,735
Creditors: Amounts falling due within one year	8	(1,506,738)	(1,453,152)
Net current assets		377,569	440,583
Total assets less current liabilities		1,092,971	837,948
Provisions for liabilities		(178,845)	(99,337)
Net assets		914,126	738,611
Capital and reserves
Called up share capital	9	1,320	1,320
Capital redemption reserve		1,050	1,050
Retained earnings		911,756	736,241
Shareholders' funds		914,126	738,611

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Excelsior Roto Moulding Ltd

(Registration number: 00463696)
Balance Sheet as at 30 September 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 March 2025 and signed on its behalf by:
 

......................................... Mr G Fielding Director

......................................... Mr J Fielding Company secretary and director

Excelsior Roto Moulding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hartshead Works
Deal Street
Bury
BL9 7PU

These financial statements were authorised for issue by the Board on 28 March 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Excelsior Roto Moulding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10%/20% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software/Website costs	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Excelsior Roto Moulding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 47 (2023 - 45).

Excelsior Roto Moulding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4	Intangible assets

	Other  £
Cost or valuation
At 1 October 2023	70,700
At 30 September 2024	70,700
Amortisation
At 1 October 2023	52,107
Amortisation charge	4,099
At 30 September 2024	56,206
Carrying amount
At 30 September 2024	14,494
At 30 September 2023	18,593

5	Tangible assets

	Plant and machinery £
Cost or valuation
At 1 October 2023	1,820,077
Additions	425,113
At 30 September 2024	2,245,190
Depreciation
At 1 October 2023	1,441,305
Charge for the year	102,977
At 30 September 2024	1,544,282
Carrying amount
At 30 September 2024	700,908
At 30 September 2023	378,772

Excelsior Roto Moulding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Stocks

	2024 £	2023 £
Raw materials and consumables	161,878	182,345
Finished goods and goods for resale	215,685	148,654
	377,563	330,999

7

Debtors

Current	2024 £	2023 £
Trade debtors	737,271	780,397
Prepayments	77,776	44,430
Other debtors	9,377	249,003
	824,424	1,073,830

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		283,461	294,659
Amounts owed to group undertakings and undertakings in which the company has a participating interest	12	957,086	876,361
Taxation and social security		121,966	152,831
Accruals and deferred income		118,622	106,221
Other creditors		25,603	23,080
		1,506,738	1,453,152

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	320	320	320	320
Ordinary A shares of £1 each	500	500	500	500
Ordinary B shares of £1 each	500	500	500	500
	1,320	1,320	1,320	1,320

Excelsior Roto Moulding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2024 £	2023 £
Not later than one year	12,780	12,780
Later than one year and not later than five years	51,120	51,120
Later than five years	7,455	20,235
	71,355	84,135

11	Financial commitments, guarantees and contingencies

The company has a composite banking arrangement whereby the company's bankers are permitted, in certain circumstances, to apply credit balances within the group against other group debit bank balances. As part of this, the company has provided a guarantee to the group's bankers in respect of all bank borrowings of other group undertakings.

At 30 September 2024, group bank indebtedness amounted to £nil (2023: £nil).

There were no contingent liabilities at either 30 September 2024 or 30 September 2023.

12	Related party transactions

The company is a wholly owned subsidiary of Excelsior Group International Limited and in accordance with paragraph 33.1A of FRS102 is therefore not required to disclose transactions with that company.

Summary of transactions with other related parties

During the year the company entered into the following transactions with related parties:
 

Expenditure with and payables to related parties

2024	Other related parties £
Purchase of goods	146,826
Amounts payable to related party	14,182

2023	Other related parties £
Purchase of goods	149,811
Amounts payable to related party	26,894