REGISTERED NUMBER: 02656139 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Exel Contracts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P R London

Mrs D London

Miss H London

REGISTERED OFFICE:

Top Floor

10 The Broadway

Leigh-On-Sea

Essex

SS9 1AW

REGISTERED NUMBER:

02656139 (England and Wales)

ACCOUNTANTS:

Vortex Accountants Limited

Top Floor

10 The Broadway

Leigh On Sea

Essex

SS9 1AW

FIXED ASSETS

Tangible assets

4

766,580

767,416

CURRENT ASSETS

Debtors

5

488,424

350,835

Cash at bank and in hand

924,322

782,522

1,412,746

1,133,357

CREDITORS

Amounts falling due within one year

6

626,835

436,316

NET CURRENT ASSETS

785,911

697,041

TOTAL ASSETS LESS CURRENT LIABILITIES

1,552,491

1,464,457

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

645,000

645,000

Retained earnings

907,391

819,357

SHAREHOLDERS' FUNDS

1,552,491

1,464,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 14 July 2026 and were signed on its behalf by:

Mr P R London - Director

Mrs D London - Director

1.	STATUTORY INFORMATION

Exel Contracts 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 represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Freehold property

-

0%

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on 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 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.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

£

£

£

COST

At 1 April 2025

663,712

34,840

55,598

Additions

-

-

-

At 31 March 2026

663,712

34,840

55,598

DEPRECIATION

At 1 April 2025

-

16,840

54,401

Charge for year

-

3,000

299

At 31 March 2026

-

19,840

54,700

NET BOOK VALUE

At 31 March 2026

663,712

15,000

898

At 31 March 2025

663,712

18,000

1,197

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

282,554

14,168

1,050,872

Additions

31,453

-

31,453

At 31 March 2026

314,007

14,168

1,082,325

DEPRECIATION

At 1 April 2025

200,569

11,646

283,456

Charge for year

28,359

631

32,289

At 31 March 2026

228,928

12,277

315,745

NET BOOK VALUE

At 31 March 2026

85,079

1,891

766,580

At 31 March 2025

81,985

2,522

767,416

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

488,424

350,835

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

152,809

73,342

Tax

81,032

60,713

Sub Contractors Tax Due

7,004

1,224

Social security and other taxes

26,347

18,615

VAT

116,485

67,419

Other creditors

57,222

55,669

Wages control

1,220

2,516

Credit card control

-

3,343

Directors' current accounts

97,041

89,800

Accruals and deferred income

3,675

3,675

Accrued expenses

84,000

60,000

626,835

436,316

7.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

645,000

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P R London.