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Company No: 11702452 (England and Wales)

EXCELWRAPS LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

EXCELWRAPS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

EXCELWRAPS LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2024
EXCELWRAPS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2024
DIRECTOR John Benedict Doyle
REGISTERED OFFICE 1b Southlands Avenue
Leeds
LS17 5NU
United Kingdom
COMPANY NUMBER 11702452 (England and Wales)
ACCOUNTANT Jones & Co of York Limited
Wellington House
Aviator Court
York
YO30 4UZ
United Kingdom
EXCELWRAPS LIMITED

BALANCE SHEET

As at 30 November 2024
EXCELWRAPS LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Current assets
Debtors 3 120,071 112,978
Cash at bank and in hand 4 288,405 391,308
408,476 504,286
Creditors: amounts falling due within one year 5 ( 216,142) ( 100,997)
Net current assets 192,334 403,289
Total assets less current liabilities 192,334 403,289
Net assets 192,334 403,289
Capital and reserves
Called-up share capital 6 1,000 1,000
Profit and loss account 191,334 402,289
Total shareholders' funds 192,334 403,289

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Excelwraps Limited (registered number: 11702452) were approved and authorised for issue by the Director on 20 March 2025. They were signed on its behalf by:

John Benedict Doyle
Director
EXCELWRAPS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
EXCELWRAPS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Excelwraps Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1b Southlands Avenue, Leeds, LS17 5NU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Debtors

2024 2023
£ £
Trade debtors 85,018 105,683
Amounts owed by related parties 250 250
Corporation tax 13,797 7,045
Other debtors 21,006 0
120,071 112,978

4. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 288,405 391,308

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 202,885 33,465
Amounts owed to director 730 987
Accruals 12,527 38,628
Other taxation and social security 0 27,917
216,142 100,997

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

7. Related party transactions

Other related party transactions

Morevision Limited is a company under common control and at the year end, owed £Nil (2023- £Nil) and was
owed £3,620.74 (2023-£Nil) by the company.