Excel -A- Rate Business Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03282233 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Excel -A- Rate Business Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D A Ballan

D Pinder

Z J Ballan

SECRETARY:

D A Ballan

REGISTERED OFFICE:

Prospect House

389/391 Ainsworth Road

Radcliffe

Manchester

M26 4HN

REGISTERED NUMBER:

03282233 (England and Wales)

ACCOUNTANTS:

Anthony Marshall Ltd

70 Market Street

Tottington

Bury

Greater Manchester

BL8 3LJ

BANKERS:

National Westminster Bank Plc

FIXED ASSETS

Tangible assets

5

451,299

188,803

CURRENT ASSETS

Debtors

6

11,440,873

10,935,311

Cash at bank

432,443

174,468

11,873,316

11,109,779

CREDITORS

Amounts falling due within one year

7

4,141,758

3,646,351

NET CURRENT ASSETS

7,731,558

7,463,428

TOTAL ASSETS LESS CURRENT LIABILITIES

8,182,857

7,652,231

CREDITORS

Amounts falling due after more than one
year

8

(4,594,709

)

(4,206,899

)

PROVISIONS FOR LIABILITIES

10

(41,433

)

(19,324

)

NET ASSETS

3,546,715

3,426,008

CAPITAL AND RESERVES

Called up share capital

11

15,000

Retained earnings

3,531,715

3,411,008

SHAREHOLDERS' FUNDS

3,546,715

3,426,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 22 April 2026 and were signed on its behalf by:

D A Ballan - Director

1.	STATUTORY INFORMATION

Excel -A- Rate Business Services 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. The turnover of the company comprises interest receivable on loans made and assets leased to customers. The asset values are included in debtors along with the finance charges allocated to future periods. The finance element of the rental receipt is credited to the profit and loss account so as to produce constant periodic rates of return on the net obligations receivable in each period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

10% on cost

Plant and machinery

-

33% on cost and 15% reducing balance

Motor vehicles

-

25% reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4.	AUDITORS' REMUNERATION

30.9.25

30.9.24

£

Fees payable to the company's auditors for the audit of the company's
financial statements

-

6,300

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

COST

At 1 October 2024

53,052

500,714

206,238

760,004

Additions

-

28,427

371,876

400,303

Disposals

-

(165,250

)

(165,250

)

At 30 September 2025

53,052

529,141

412,864

995,057

DEPRECIATION

At 1 October 2024

49,125

395,790

126,286

571,201

Charge for year

3,927

15,575

48,750

68,252

Eliminated on disposal

-

(95,695

)

(95,695

)

At 30 September 2025

53,052

411,365

79,341

543,758

NET BOOK VALUE

At 30 September 2025

-

117,776

333,523

451,299

At 30 September 2024

3,927

104,924

79,952

188,803

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

11,396,073

10,891,705

Other debtors

44,800

43,606

11,440,873

10,935,311

Included within trade debtors is an amount of £5,401,144 (2024: £5,263,266) being the gross investment due on finance leases. The aggregate rentals receivable in the year from finance leases was £2,595,513 (2024: £2,193,613). The amounts falling due after more than one year, and included in trade debtors are £2,944,132 (2024: £2,595,717).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

(see note 9)

2,829,039

2,494,619

Hire purchase contracts

65,827

30,568

Trade creditors

7,015

-

Taxation and social security

77,932

-

Other creditors

1,161,945

1,121,164

4,141,758

3,646,351

The bank loans and overdrafts are secured by a charge over various property assets of the Ballan Family Trust.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

Bank and block discount loans (see note 9)

4,377,980

4,185,882

Hire purchase contracts

216,729

21,017

4,594,709

4,206,899

9.

LOANS

An analysis of the maturity of loans is given below:

30.09.25

30.09.24

£

Amounts falling due within one year or on demand:

Bank and block discount loans

2,829,039

2,494,619

2,829,039

2,494,619

Amounts falling due between two and seven years:

Bank and block discount loans

4,377,980

4,185,882

10.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

Deferred tax

41,433

19,324

Deferred

tax

£

Balance at 1 October 2024

19,324

Charge to Income Statement during year

22,109

Balance at 30 September 2025

41,433

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

15,000

Ordinary

1

15,000

12.	ULTIMATE CONTROLLING PARTY

In the directors opinion, the controlling party is D.A. Ballan, by virtue of his interest in The Ballan Family Trust, and by virtue of the Trusts shareholding in the company.