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Company Registration No. 10583830 (England and Wales)
Excel Oils and Consumables Limited Unaudited accounts for the year ended 31 January 2025
Excel Oils and Consumables Limited Unaudited accounts Contents
Page
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Excel Oils and Consumables Limited Company Information for the year ended 31 January 2025
Director
T Allen
Company Number
10583830 (England and Wales)
Registered Office
30 Glenside Drive Wilmslow Cheshire SK9 1EH
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Excel Oils and Consumables Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,425 
56,812 
Current assets
Inventories
21,105 
25,242 
Debtors
18,199 
48,701 
Cash at bank and in hand
1,263 
2,784 
40,567 
76,727 
Creditors: amounts falling due within one year
(70,297)
(104,515)
Net current liabilities
(29,730)
(27,788)
Total assets less current liabilities
(2,305)
29,024 
Creditors: amounts falling due after more than one year
(25,941)
(40,426)
Provisions for liabilities
Deferred tax
(609)
(5,905)
Net liabilities
(28,855)
(17,307)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(28,955)
(17,407)
Shareholders' funds
(28,855)
(17,307)
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 June 2025 and were signed on its behalf by
T Allen Director Company Registration No. 10583830
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Excel Oils and Consumables Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Excel Oils and Consumables Limited is a private company, limited by shares, registered in England and Wales, registration number 10583830. The registered office is 30 Glenside Drive, Wilmslow, Cheshire, SK9 1EH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% per annum on cost
Plant & machinery
20% per annum on costs
Motor vehicles
20% per annum on costs
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Excel Oils and Consumables Limited Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2024
30,275 
24,026 
31,334 
85,635 
Disposals
- 
- 
(31,334)
(31,334)
At 31 January 2025
30,275 
24,026 
- 
54,301 
Depreciation
At 1 February 2024
4,542 
18,015 
6,266 
28,823 
Charge for the year
1,514 
2,805 
- 
4,319 
On disposals
- 
- 
(6,266)
(6,266)
At 31 January 2025
6,056 
20,820 
- 
26,876 
Net book value
At 31 January 2025
24,219 
3,206 
- 
27,425 
At 31 January 2024
25,733 
6,011 
25,068 
56,812 
2025 
2024 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
2,100 
2,800 
- Motor vehicles
- 
25,066 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,199 
48,701 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
5,487 
5,352 
VAT
6,279 
1,801 
Obligations under finance leases and hire purchase contracts
1,021 
4,941 
Trade creditors
12,789 
33,539 
Taxes and social security
- 
278 
Loans from directors
43,371 
57,254 
Accruals
1,350 
1,350 
70,297 
104,515 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
25,941 
31,427 
Obligations under finance leases and hire purchase contracts
- 
8,999 
25,941 
40,426 
Obligations under hire purchase contracts are secured on the assets to which they relate.
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Excel Oils and Consumables Limited Notes to the Accounts for the year ended 31 January 2025
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2024: 3).
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