Excel Laminating Holdings Limited - Accounts to registrar (filleted) - small 18.2
Excel Laminating Holdings Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Excel Laminating Holdings Limited |
Financial Statements for the Year Ended 31st December 2020 |
Excel Laminating Holdings Limited (Registered number: 06190320) |
Contents of the Financial Statements |
for the year ended 31st December 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Excel Laminating Holdings Limited |
Company Information |
for the year ended 31st December 2020 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
Regent's Court |
Princess Street |
Hull |
East Yorkshire HU2 8BA |
Excel Laminating Holdings Limited (Registered number: 06190320) |
Balance Sheet |
31st December 2020 |
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Merger reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
Excel Laminating Holdings Limited (Registered number: 06190320) |
Notes to the Financial Statements |
for the year ended 31st December 2020 |
1. | STATUTORY INFORMATION |
Excel Laminating Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Excel Laminating Holdings Limited (Registered number: 06190320) |
Notes to the Financial Statements - continued |
for the year ended 31st December 2020 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2019 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st January 2020 |
and 31st December 2020 |
NET BOOK VALUE |
At 31st December 2020 |
At 31st December 2019 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Amounts owed to group undertakings |
Corporation tax |
Accruals and deferred income |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
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. |
for and on behalf of |
Excel Laminating Holdings Limited (Registered number: 06190320) |
Notes to the Financial Statements - continued |
for the year ended 31st December 2020 |
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 (2019 £6,000). No contributions were outstanding or prepaid at 31st December 2020 (2019 £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. |