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REGISTERED NUMBER: 07406811 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EXCEL4BUSINESS LTD

EXCEL4BUSINESS LTD (REGISTERED NUMBER: 07406811)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EXCEL4BUSINESS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: E T Bolton
B A Stubbs





REGISTERED OFFICE: Allia Future Business Centre
Kings Hedges Road
Cambridge
Cambridgeshire
CB4 2HY





BUSINESS ADDRESS: 16 The Spinney
Bar Hill
Cambridgeshire
CB23 8ST





REGISTERED NUMBER: 07406811 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

EXCEL4BUSINESS LTD (REGISTERED NUMBER: 07406811)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 613 919

CURRENT ASSETS
Debtors 6 7,775 19,073
Cash at bank 45,841 56,826
53,616 75,899
CREDITORS
Amounts falling due within one year 7 (30,363 ) (32,400 )
NET CURRENT ASSETS 23,253 43,499
TOTAL ASSETS LESS CURRENT LIABILITIES 23,866 44,418

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 23,865 44,417
SHAREHOLDERS' FUNDS 23,866 44,418

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 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





E T Bolton - Director


EXCEL4BUSINESS LTD (REGISTERED NUMBER: 07406811)

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

1. STATUTORY INFORMATION

Excel4Business Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net invoiced sale of services and represents the provision of IT consultancy services net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% reducing balance

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

EXCEL4BUSINESS LTD (REGISTERED NUMBER: 07406811)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 6,322
DEPRECIATION
At 1 January 2024 5,403
Charge for year 306
At 31 December 2024 5,709
NET BOOK VALUE
At 31 December 2024 613
At 31 December 2023 919

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,775 19,073

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,168 10,862
Taxation and social security 19,256 16,675
Other creditors 5,939 4,863
30,363 32,400

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 0.1p 1 1

9. RELATED PARTY DISCLOSURES

A charge to the company for rent of £624 (2023: £1,163) was made by the director. The Company owed the Director £624 (2023: £1,163) at the year end. The amount bears no interest, is repayable on demand and is disclosed within creditors due in less than one year.

At the year end the company owed a company under common control £1,644 (2023: £814). The amount is repayable on demand and included within creditors due in less than one year.