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REGISTERED NUMBER: 10403484 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Excel Ventures Ltd

Excel Ventures Ltd (Registered number: 10403484)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Excel Ventures Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S Shah
Mrs S Shah





REGISTERED OFFICE: Suite 2000
16-18 Woodford Road
London
E7 0HA





REGISTERED NUMBER: 10403484 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

Excel Ventures Ltd (Registered number: 10403484)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,928 18,537
13,928 18,537

CURRENT ASSETS
Debtors 6 353,328 348,378
Cash at bank 65,106 136,930
418,434 485,308
CREDITORS
Amounts falling due within one year 7 15,904 16,184
NET CURRENT ASSETS 402,530 469,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,458

487,661

CREDITORS
Amounts falling due after more than one
year

8

18,129

28,129
NET ASSETS 398,329 459,532

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 398,327 459,530
SHAREHOLDERS' FUNDS 398,329 459,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Excel Ventures Ltd (Registered number: 10403484)

Balance Sheet - continued
30 September 2024


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 13 June 2025 and were signed on its behalf by:





S Shah - Director


Excel Ventures Ltd (Registered number: 10403484)

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

1. STATUTORY INFORMATION

Excel Ventures 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.

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

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.

Franchise Fee are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
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.

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.

Excel Ventures Ltd (Registered number: 10403484)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
Fee
£   
COST
At 1 October 2023
and 30 September 2024 59,139
AMORTISATION
At 1 October 2023
and 30 September 2024 59,139
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 689 47,872 6,836 55,397
DEPRECIATION
At 1 October 2023 434 32,725 3,701 36,860
Charge for year 38 3,787 784 4,609
At 30 September 2024 472 36,512 4,485 41,469
NET BOOK VALUE
At 30 September 2024 217 11,360 2,351 13,928
At 30 September 2023 255 15,147 3,135 18,537

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 35,880 30,930
Other debtors 317,448 317,448
353,328 348,378

Excel Ventures Ltd (Registered number: 10403484)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 461 85
Tax 3,107 4,585
Social security and other taxes 5,323 3,119
VAT 6,677 7,827
Other creditors - 226
Directors' current accounts 86 92
Accrued expenses 250 250
15,904 16,184

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other loans - 1-2 years 18,129 28,129

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 October 2023 459,530
Profit for the year 8,637
Dividends (69,840 )
At 30 September 2024 398,327