IRIS Accounts Production v25.1.4.42 08805999 director 1.1.23 31.12.23 31.12.23 21.7.25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088059992022-12-31088059992023-12-31088059992023-01-012023-12-31088059992021-12-31088059992022-01-012022-12-31088059992022-12-3108805999ns15:EnglandWales2023-01-012023-12-3108805999ns14:PoundSterling2023-01-012023-12-3108805999ns10:Director12023-01-012023-12-3108805999ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108805999ns10:SmallEntities2023-01-012023-12-3108805999ns10:Audited2023-01-012023-12-3108805999ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108805999ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108805999ns10:FullAccounts2023-01-012023-12-3108805999ns10:RegisteredOffice2023-01-012023-12-3108805999ns5:CurrentFinancialInstruments2023-12-3108805999ns5:CurrentFinancialInstruments2022-12-3108805999ns5:ShareCapital2023-12-3108805999ns5:ShareCapital2022-12-3108805999ns5:RetainedEarningsAccumulatedLosses2023-12-3108805999ns5:RetainedEarningsAccumulatedLosses2022-12-3108805999ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108805999ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 08805999 (England and Wales)






















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

EXCEL FIELDWORK LIMITED

EXCEL FIELDWORK LIMITED (REGISTERED NUMBER: 08805999)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EXCEL FIELDWORK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: G A Parlange Iturmendi





REGISTERED OFFICE: 83 Cambridge Street
Pimlico
London
SW1V 4PS





REGISTERED NUMBER: 08805999 (England and Wales)





AUDITORS: George Hay & Company
Chartered Accountants
& Statutory Auditors
83 Cambridge Street
London
SW1V 4PS

EXCEL FIELDWORK LIMITED (REGISTERED NUMBER: 08805999)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 3,518,369 3,029,071
Cash at bank and in hand 96,230 130,920
3,614,599 3,159,991
CREDITORS
Amounts falling due within one year 5 2,674,029 2,554,348
NET CURRENT ASSETS 940,570 605,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

940,570

605,643

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 940,569 605,642
SHAREHOLDERS' FUNDS 940,570 605,643

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 director and authorised for issue on 21st July 2025 and were signed by:





G A Parlange Iturmendi - Director


EXCEL FIELDWORK LIMITED (REGISTERED NUMBER: 08805999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Excel Fieldwork 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.

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


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.

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

EXCEL FIELDWORK LIMITED (REGISTERED NUMBER: 08805999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,428,982 2,868,370
Other debtors 2,618 27,222
Corporation tax recoverable - 6,248
VAT 86,720 59,306
Prepayments and accrued income 49 67,925
3,518,369 3,029,071

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,154,042 994,605
Corporation tax payable 100,338 56,628
Other creditors 1,390,000 1,490,000
Accruals and deferred income 29,649 13,115
2,674,029 2,554,348

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Davis FCA FCCA (Senior Statutory Auditor)
for and on behalf of George Hay & Company

7. RELATED PARTY DISCLOSURES

The company made combined sales of £4,641,161 (2022: £4,959,197) to A+A Research SAS, its parent company who is registered in France, and to A+A Bell Falla LLC and A+A Research Inc, its connected companies both registered in the United State of America.

As at 31 December 2023, the connected companies owed a combined balance of £3,428,982 (2022: £2,868,370 to Excel Fieldwork Limited.

As at 31 December 2023, the company owed A+A Research SAS, its parent company £1,390,000 (2022: £1,490,000) in respect of unpaid dividends. In addition, A+A Research SAS were owed purchase invoices amounting to £179,252 (2022: £109,758) at the year end..

EXCEL FIELDWORK LIMITED (REGISTERED NUMBER: 08805999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A+A Research SAS which owns 100% of the issued share capital.