REGISTERED NUMBER: 02846145 (England and Wales)

Financial Statements for the Year Ended 28 February 2025

for

Excel Health Care Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P E Andrews

Mrs A G Andrews

REGISTERED OFFICE:

Unit 5 Childerditch Industrial Park

Childerditch Hall Drive

Little Warley

Brentwood

Essex

CM13 3HD

REGISTERED NUMBER:

02846145 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Property, plant and equipment

4

291,874

488,062

Investment property

5

588,000

560,000

879,874

1,048,062

CURRENT ASSETS

Inventories

503,013

717,829

Debtors

6

2,390,020

2,175,280

Cash at bank

824,780

667,368

3,717,813

3,560,477

CREDITORS

Amounts falling due within one year

7

1,657,799

1,523,141

NET CURRENT ASSETS

2,060,014

2,037,336

TOTAL ASSETS LESS CURRENT LIABILITIES

2,939,888

3,085,398

PROVISIONS FOR LIABILITIES

43,063

309,641

NET ASSETS

2,896,825

2,775,757

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

8

107,801

86,801

Retained earnings

2,789,022

2,688,954

SHAREHOLDERS' FUNDS

2,896,825

2,775,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:

Mr P E Andrews - Director

Mrs A G Andrews - Director

1.	STATUTORY INFORMATION

Excel Health Care 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 as modified by the revaluation of certain assets.

Turnover

Revenue 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 23 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

1,054,053

13,056

15,000

21,912

1,104,021

Additions

194,908

-

-

-

194,908

Disposals

(425,211

)

-

-

-

(425,211

)

At 28 February 2025

823,750

13,056

15,000

21,912

873,718

DEPRECIATION

At 1 March 2024

589,172

4,847

11,440

10,500

615,959

Charge for year

123,563

1,272

890

4,238

129,963

Eliminated on disposal

(164,078

)

-

-

-

(164,078

)

At 28 February 2025

548,657

6,119

12,330

14,738

581,844

NET BOOK VALUE

At 28 February 2025

275,093

6,937

2,670

7,174

291,874

At 29 February 2024

464,881

8,209

3,560

11,412

488,062

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

560,000

Revaluations

28,000

At 28 February 2025

588,000

NET BOOK VALUE

At 28 February 2025

588,000

At 29 February 2024

560,000

The investment property, Galleon Road was valued £267,000 on an open market basis on 28/02/2025.

The investment property, Batchelor Court was valued £321,000 on an open market basis on 28/02/2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

2,390,020

2,175,280

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

25

-

Trade creditors

35,304

-

Taxation and social security

230,745

108,521

Other creditors

1,391,725

1,414,620

1,657,799

1,523,141

8.

RESERVES

Revaluation

reserve

£

At 1 March 2024

86,801

Non distributable reserves

21,000

At 28 February 2025

107,801

9.	RELATED PARTY DISCLOSURES

The Directors Mr P Andrew and Mrs P Andrew are considered to be key management personal.