Company No: 05607927 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

A Hannam

SECRETARY

A Hannam

REGISTERED OFFICE	Excel Technical Consulting 5 Grange Park
	Bourn
	Cambridge
	CB23 2TA
	United Kingdom

COMPANY NUMBER

05607927 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	62,599		29,368
Tangible assets	4	5,095		5,456
Investments	5	6,950		6,950
		74,644		41,774
Current assets
Debtors	6	3,010,634		1,901,981
Cash at bank and in hand		643,743		216,693
		3,654,377		2,118,674
Creditors: amounts falling due within one year	7	( 1,622,638)		( 662,222)
Net current assets		2,031,739		1,456,452
Total assets less current liabilities		2,106,383		1,498,226
Provision for liabilities	8	( 12,582)		( 4,936)
Net assets		2,093,801		1,493,290
Capital and reserves
Called-up share capital	9	1		1
Revaluation reserve		47,721		14,572
Profit and loss account		2,046,079		1,478,717
Total shareholder's funds		2,093,801		1,493,290

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Excel Technical Consulting Ltd (registered number: 05607927) were approved and authorised for issue by the Director on 24 September 2025. They were signed on its behalf by:

A Hannam Director

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

Excel Technical Consulting Ltd (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 Excel Technical Consulting 5 Grange Park, Bourn, Cambridge, CB23 2TA, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Excel Technical Consulting Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise on monetary items.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion. When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Commissions receivable in respect of permanent placements are recognised in the period in which the placement takes place. Commissions receivable in respect of ongoing, temporary placements are recognised in stages, as and when the services are undertaken.

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.

Deferred tax
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 financial statements. 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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

not amortised

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The residual value of the intangible assets held by the company is expected to be at least equal to the market value by reference to the active market. It is expected that an active market will continue and will exist at the end of the useful life of the assets and therefore no amortisation of the revalued intangible asset is required.

Revaluations are made with significant regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Comprehensive Income over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	9		8

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2024	29,368		29,368
Revaluations	33,231		33,231
At 31 December 2024	62,599		62,599
Accumulated amortisation
At 01 January 2024	0		0
At 31 December 2024	0		0
Net book value
At 31 December 2024	62,599		62,599
At 31 December 2023	29,368		29,368

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	20,301		20,301
Additions	1,772		1,772
At 31 December 2024	22,073		22,073
Accumulated depreciation
At 01 January 2024	14,845		14,845
Charge for the financial year	2,133		2,133
At 31 December 2024	16,978		16,978
Net book value
At 31 December 2024	5,095		5,095
At 31 December 2023	5,456		5,456

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	6,950		6,950
At 31 December 2024	6,950		6,950
Carrying value at 31 December 2024	6,950		6,950
Carrying value at 31 December 2023	6,950		6,950

6. Debtors

	2024		2023
	£		£
Trade debtors	2,255,077		1,414,269
Prepayments and accrued income	434,153		356,007
VAT recoverable	23,843		22,486
Corporation tax	80,000		0
Other debtors	217,561		109,219
	3,010,634		1,901,981

Trade debtors at 31 December 2024 include £2,191,135 (2023 - £1,401,866) of factored debts.

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	0		66,095
Trade creditors	450,519		51,893
Amounts owed to Parent undertakings	21,564		23,564
Accruals	375,293		295,512
Taxation and social security	254,420		168,602
Other creditors	520,842		56,556
	1,622,638		662,222

Factoring creditors are secured by a fixed and floating charge over the company's assets.

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 4,936)		( 2,058)
(Charged)/credited to the Profit and Loss Account	( 7,646)		935
Charged to the Statement of Comprehensive Income	0		( 3,813)
At the end of financial year	( 12,582)		( 4,936)

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.01 each (2023: 1 share of £ 1.00 )	1		1

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	43,189		46,501
between one and five years	31,205		74,394
	74,394		120,895

11. Ultimate controlling party

The Parent undertaking is A-Tech Consulting Limited, a Company incorporated in England & Wales. The registered address is 6 High Street, Linton, Cambridge, CB21 4HS.