Company registration number 12723816 (England and Wales)
EXCENT UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
EXCENT UK LIMITED
COMPANY INFORMATION
Directors
Mr A C P Bastard Albero
(Resigned 4 July 2025)
Mr P C Blackburn
Mr I A Jones
Mr Y Alphonse Felix
(Resigned 4 July 2025)
Mr P Chaumes
Mr Mathieu Boudot
Appointed 4 July 2025
Mr Simon Cordier
Appointed 4 July 2025
Company number
12723816
Registered office
Champion Allwoods Limited
2nd Floor Refuge House
33-37 Watergate Row
Chester
CH1 2LE
Auditor
Baker Tilly Ireland Audit Limited
Chartered Certified Accountants and
Statutory Auditor
9 Exchange Place
International Financial Services Centre
Dublin
Ireland
DO1 X8H2
EXCENT UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
EXCENT UK LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
131,151
88,491
Current assets
Stocks
5
172,555
-
Debtors
6
5,561,638
5,255,885
Cash at bank and in hand
580,142
280,825
6,314,335
5,536,710
Creditors: amounts falling due within one year
7
(4,966,146)
(4,561,919)
Net current assets
1,348,189
974,791
Total assets less current liabilities
1,479,340
1,063,282
Provisions for liabilities
(32,788)
-
0
Net assets
1,446,552
1,063,282
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
1,445,552
1,062,282
Total equity
1,446,552
1,063,282

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 November 2025 and are signed on its behalf by:
Mr M Boudot
Director
Company registration number 12723816 (England and Wales)
EXCENT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Excent UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Champion Allwoods Limited, 2nd Floor Refuge House, 33-37 Watergate Row, Chester, CH1 2LE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
2% Straight Line
Fixtures and fittings
20% Straight Line
Computers
33% Straight Line

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.

1.4
Stocks

Work in progress is accounted for at the year end as an increase to turnover to reflect the level of completion of the work.

1.5
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 current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

EXCENT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

EXCENT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
36
32
4
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 January 2024
59,719
13,529
26,114
99,362
Additions
41,600
8,107
7,354
57,061
At 31 December 2024
101,319
21,636
33,468
156,423
Depreciation and impairment
At 1 January 2024
-
0
3,781
7,090
10,871
Depreciation charged in the year
675
3,862
9,864
14,401
At 31 December 2024
675
7,643
16,954
25,272
Carrying amount
At 31 December 2024
100,644
13,993
16,514
131,151
At 31 December 2023
59,719
9,748
19,024
88,491
5
Stocks
2024
2023
£
£
Work in progress
172,555
-
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,862,639
4,133,989
Corporation tax recoverable
14,461
-
0
Amounts owed by group undertakings
231,558
804,323
Other debtors
305,680
17,300
Prepayments and accrued income
147,300
300,273
5,561,638
5,255,885
EXCENT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
879,541
1,151,174
Amounts owed to group undertakings
1,043,222
1,670,390
Corporation tax
-
0
170,197
Other taxation and social security
449,396
148,152
Other creditors
120,407
6,774
Accruals and deferred income
2,473,580
1,415,232
4,966,146
4,561,919
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
123,780
149,177
9
Directors' transactions

Amounts were advanced to two directors in the prior year which were in excess of the dividends due. These amounts remain outstanding at the 31 December 2024 and no interest has been charged on the balance.

£
£
-
4,613
4,613
-
4,613
4,613
9,226
9,226
10
Parent company

The Company's immediate parent company is Excent SAS, a company incorporated in France, whose registered address is 2 Avenue Leon Foucault, 31770 Colomiers, France.

Mr Philippe Chaumes is considered to be the ultimate controlling party.

EXCENT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Statutory Auditor:
Baker Tilly Ireland Audit Limited
Date of audit report:
3 December 2025
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