Excel Laminating Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06190320 (England and Wales)

Excel Laminating Holdings Limited

Financial Statements for the Year Ended 31st December 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J W Thomas

Mrs L D Thomas

SECRETARY:

Mrs L D Thomas

REGISTERED OFFICE:

Unit 3

Kingston International Business Park

Hedon Road

Hull

HU9 5NX

REGISTERED NUMBER:

06190320 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

FIXED ASSETS

Investments

4

928,681

928,681

CURRENT ASSETS

Debtors

5

57,100

-

CREDITORS

Amounts falling due within one year

6

72,135

81,948

NET CURRENT LIABILITIES

(15,035

)

(81,948

)

TOTAL ASSETS LESS CURRENT LIABILITIES

913,646

846,733

CAPITAL AND RESERVES

Called up share capital

7

5,000

5,000

Merger reserve

445,000

445,000

Retained earnings

463,646

396,733

SHAREHOLDERS' FUNDS

913,646

846,733

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 on 9th September 2019 and were signed on its behalf by:

J W Thomas - Director

1.	STATUTORY INFORMATION

Excel Laminating Holdings 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.	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.

Preparation of consolidated financial statements

The financial statements contain information about Excel Laminating Holdings 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Fixed asset investments

Investments in subsidiaries are stated 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2018

and 31st December 2018

928,681

NET BOOK VALUE

At 31st December 2018

928,681

At 31st December 2017

928,681

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

57,100

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed to group undertakings

-

46,478

Corporation tax

70,975

34,365

Accruals and deferred income

1,160

1,105

72,135

81,948

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2000

'A' ordinary

£1

2,000

2,000

2000

'B' ordinary

£1

2,000

2,000

500

'C' ordinary

£1

500

500

500

'D' ordinary

£1

500

500

5,000

5,000

The 'A', 'B', 'C' and 'D' 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.

8.	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

9.	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 £6,000 (2017 £6,000). No contributions were outstanding or prepaid at 31st December

2018 (2017 £nil).

10.	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.

11.	ULTIMATE CONTROLLING PARTY