Excel Shop Fitters (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05673405 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Excel Shop Fitters (UK) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C I Rogers

REGISTERED OFFICE:

Oak Apple House

North Street

Milborne Port

Sherborne

DT9 5EW

BUSINESS ADDRESS:

126 Bessemer Road East

Cheney Manor

Swindon

SN2 1PE

REGISTERED NUMBER:

05673405 (England and Wales)

ACCOUNTANTS:

Silbury Accountants Limited

Chartered Accountants

Oak Apple House

North Street

Milborne Port

Sherborne

DT9 5EW

FIXED ASSETS

Intangible assets

4

1,620

3,231

Property, plant and equipment

5

5,627

7,738

7,247

10,969

CURRENT ASSETS

Debtors

6

47,921

52,467

Cash at bank

66,516

77,336

114,437

129,803

CREDITORS

Amounts falling due within one year

7

21,563

26,643

NET CURRENT ASSETS

92,874

103,160

TOTAL ASSETS LESS CURRENT
LIABILITIES

100,121

114,129

CREDITORS

Amounts falling due after more than one
year

8

(3,335

)

(11,335

)

PROVISIONS FOR LIABILITIES

(1,490

)

(2,050

)

NET ASSETS

95,296

100,744

CAPITAL AND RESERVES

Called up share capital

9

1

Capital redemption reserve

1

Retained earnings

95,294

100,742

SHAREHOLDERS' FUNDS

95,296

100,744

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 April 2025 and were signed by:

C I Rogers - Director

1.	STATUTORY INFORMATION

Excel Shop Fitters (UK) 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

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.

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 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

32,230

AMORTISATION

At 1 January 2024

28,999

Charge for year

1,611

At 31 December 2024

30,610

NET BOOK VALUE

At 31 December 2024

1,620

At 31 December 2023

3,231

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

35,067

DEPRECIATION

At 1 January 2024

27,329

Charge for year

2,111

At 31 December 2024

29,440

NET BOOK VALUE

At 31 December 2024

5,627

At 31 December 2023

7,738

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

24,981

22,132

Other debtors

22,940

30,335

47,921

52,467

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

8,000

Taxation and social security

11,363

16,443

Other creditors

2,200

21,563

26,643

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

3,335

11,335

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

1

ordinary

1

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

C I Rogers

Balance outstanding at start of year

26,810

11,650

Amounts advanced

35,778

56,472

Amounts repaid

(41,312

)

(41,312

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

21,276

26,810

Interest of £506 has been charged on overdrawn balances at a rate of 2.25%.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £41,000 (2023 - £41,000) were paid to the director .

12.	POST BALANCE SHEET EVENTS

A dividend for £37,700 was voted 29 April 2025.