REGISTERED NUMBER: 14692423 (England and Wales)

Excel Laminating Group Limited

Audited Financial Statements for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J W Thomas

Mrs L D Thomas

A L Thomas

Miss R Thomas

REGISTERED OFFICE:

Unit 3

Kingston International Business Park

Hedon Road

Hull

East Yorkshire

HU9 5NX

REGISTERED NUMBER:

14692423 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Investments

5

11,102,850

11,102,850

CURRENT ASSETS

Debtors

6

1,876,000

1,430,000

CREDITORS

Amounts falling due within one year

7

4,575,498

3,984,840

NET CURRENT LIABILITIES

(2,699,498

)

(2,554,840

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,403,352

8,548,010

CREDITORS

Amounts falling due after more than one year

8

2,336,053

2,457,000

NET ASSETS

6,067,299

6,091,010

CAPITAL AND RESERVES

Called up share capital

9

4,950,200

4,950,200

Retained earnings

1,117,099

1,140,810

6,067,299

6,091,010

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 24th September 2025 and were signed on its behalf by:

A L Thomas - Director

1.	STATUTORY INFORMATION

Excel Laminating Group 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Excel Laminating Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2a) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Cost represents the consideration paid in acquiring the subsidiaries' shares together with associated legal and professional fees incurred in connection with the acquisition.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1st January 2024

and 31st December 2024

11,102,850

NET BOOK VALUE

At 31st December 2024

11,102,850

At 31st December 2023

11,102,850

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

1,876,000

1,430,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

4,226,012

3,366,903

Social security and other taxes

567

12,503

Other creditors

240,000

600,000

Directors' current accounts

8,384

3,434

Accruals and deferred income

100,535

2,000

4,575,498

3,984,840

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors - 1-5 years

2,336,053

2,400,000

Other creditors - over 5 years

-

57,000

2,336,053

2,457,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

150

'A' ordinary

£1

150

150

50

'B' ordinary

£1

50

50

2,200,000

'A' preference (0.1% dividend)

£1

2,200,000

2,200,000

2,750,000

'B' preference (0.1% dividend)

£1

2,750,000

2,750,000

4,950,200

4,950,200

The 'A' and 'B' ordinary shares rank par passu in all respects except that dividends may be declared on one class and not the others and that dividends at differing rates can be declared on the various classes.

The 'A' preference shares are irredeemable and the 'B' preference shares are redeemable in such restricted circumstances that they may be regarded as irredeemable for all practical purposes. The preference shares do not entitle the holders thereof to vote.

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

The Report of the Auditors was unqualified.

Ian Lamb FCA CF (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

11.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The charge in the accounts in respect of pensions represents contributions payable by the company to the fund and amounted to £5,000 (2023: £4,284). No contributions were outstanding or prepaid at 31st December 2024 (2023: £nil).

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

At the period end there is no one ultimate controlling party.