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REGISTERED NUMBER: 02656139 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Exel Contracts Limited

Exel Contracts Limited (Registered number: 02656139)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Exel Contracts Limited

Company Information
for the year ended 31 March 2025







DIRECTORS: Mr P R London
Mrs D London
Miss H London





REGISTERED OFFICE: Top Floor
Claridon House
London Road
Stanford le Hope
Essex
SS17 0JU





REGISTERED NUMBER: 02656139 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Exel Contracts Limited (Registered number: 02656139)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 767,416 791,693

CURRENT ASSETS
Debtors 5 350,835 608,435
Cash at bank and in hand 782,522 489,156
1,133,357 1,097,591
CREDITORS
Amounts falling due within one year 6 436,316 470,511
NET CURRENT ASSETS 697,041 627,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,464,457

1,418,773

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 645,000 665,000
Retained earnings 819,357 753,673
SHAREHOLDERS' FUNDS 1,464,457 1,418,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

Exel Contracts Limited (Registered number: 02656139)

Balance Sheet - continued
31 March 2025


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 11 June 2025 and were signed on its behalf by:




Mr P R London - Director



Mrs D London - Director


Exel Contracts Limited (Registered number: 02656139)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Exel Contracts 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
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 0%
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 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.

Exel Contracts Limited (Registered number: 02656139)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST OR VALUATION
At 1 April 2024 683,712 34,840 55,598
Additions - - -
Impairments (20,000 ) - -
At 31 March 2025 663,712 34,840 55,598
DEPRECIATION
At 1 April 2024 - 13,840 54,003
Charge for year - 3,000 398
At 31 March 2025 - 16,840 54,401
NET BOOK VALUE
At 31 March 2025 663,712 18,000 1,197
At 31 March 2024 683,712 21,000 1,595

Exel Contracts Limited (Registered number: 02656139)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2024 255,264 14,168 1,043,582
Additions 27,290 - 27,290
Impairments - - (20,000 )
At 31 March 2025 282,554 14,168 1,050,872
DEPRECIATION
At 1 April 2024 173,240 10,806 251,889
Charge for year 27,329 840 31,567
At 31 March 2025 200,569 11,646 283,456
NET BOOK VALUE
At 31 March 2025 81,985 2,522 767,416
At 31 March 2024 82,024 3,362 791,693

Cost or valuation at 31 March 2025 is represented by:

Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
Valuation in 2025 (20,000 ) - -
Cost 683,712 34,840 55,598
663,712 34,840 55,598

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2025 27,290 - 7,290
Cost 255,264 14,168 1,043,582
282,554 14,168 1,050,872

Exel Contracts Limited (Registered number: 02656139)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 350,835 608,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 73,342 130,837
Tax 60,713 28,000
Sub Contractors Tax Due 1,224 1,253
Social security and other taxes 18,615 16,728
VAT 67,419 74,246
Other creditors 55,669 59,319
Wages control 2,516 17,318
Credit card control 3,343 1,568
Directors' current accounts 89,800 17,727
Accruals and deferred income 3,675 3,515
Accrued expenses 60,000 120,000
436,316 470,511

7. RESERVES
Revaluation
reserve
£   
At 1 April 2024 665,000
Revaluation reserve (20,000 )

At 31 March 2025 645,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P R London.