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 2019

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

173,150

57,100

CREDITORS

Amounts falling due within one year

6

98,740

72,135

NET CURRENT ASSETS/(LIABILITIES)

74,410

(15,035

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,003,091

913,646

CAPITAL AND RESERVES

Called up share capital

7

5,000

5,000

Merger reserve

445,000

445,000

Retained earnings

553,091

463,646

SHAREHOLDERS' FUNDS

1,003,091

913,646

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 23rd December 2020 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 (2018 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1st January 2019

and 31st December 2019

928,681

NET BOOK VALUE

At 31st December 2019

928,681

At 31st December 2018

928,681

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed by group undertakings

173,150

57,100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Corporation tax

97,580

70,975

Accruals and deferred income

1,160

1,160

98,740

72,135

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

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 (2018 £6,000). No contributions were outstanding or prepaid at 31st December 2019 (2018 £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

The company is controlled by J W Thomas and Mrs L D Thomas by virtue of their 80% holding of the issued share capital.