| Excellence in Work Limited |
| Registered number: |
SC311727 |
| Balance Sheet |
| as at 30 November 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
44,760 |
|
|
56,022 |
|
| Current assets |
| Debtors |
4 |
|
5,288 |
|
|
22,394 |
| Cash at bank and in hand |
|
|
92,092 |
|
|
124,884 |
|
|
|
97,380 |
|
|
147,278 |
|
| Creditors: amounts falling due within one year |
5 |
|
(2,109) |
|
|
(9,136) |
|
| Net current assets |
|
|
|
95,271 |
|
|
138,142 |
|
| Total assets less current liabilities |
|
|
|
140,031 |
|
|
194,164 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(51,941) |
|
|
(51,941) |
|
|
|
| Net assets |
|
|
|
88,090 |
|
|
142,223 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
88,088 |
|
|
142,221 |
|
| Shareholders' funds |
|
|
|
88,090 |
|
|
142,223 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| G Fenlon |
| Director |
| Approved by the board on 19 July 2023 |
|
| Excellence in Work Limited |
| Notes to the Accounts |
| for the year ended 30 November 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows: |
|
|
Fixtures, fittings, tools and equipment |
15% on a Reducing Balance basis |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 December 2021 |
5,512 |
|
51,941 |
|
57,453 |
|
Additions |
1,959 |
|
- |
|
1,959 |
|
At 30 November 2022 |
7,471 |
|
51,941 |
|
59,412 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2021 |
1,431 |
|
- |
|
1,431 |
|
Charge for the year |
236 |
|
12,985 |
|
13,221 |
|
At 30 November 2022 |
1,667 |
|
12,985 |
|
14,652 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2022 |
5,804 |
|
38,956 |
|
44,760 |
|
At 30 November 2021 |
4,081 |
|
51,941 |
|
56,022 |
|
|
| 4 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade debtors |
4,992 |
|
22,098 |
|
Other debtors |
296 |
|
296 |
|
|
|
|
|
|
5,288 |
|
22,394 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Corporation tax |
- |
|
5,338 |
|
Other taxes and social security costs |
(1,697) |
|
1,337 |
|
Other creditors |
3,806 |
|
2,461 |
|
|
|
|
|
|
2,109 |
|
9,136 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
51,941 |
|
51,941 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Excellence in Work Limited is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
Blanerne West Road |
|
Charlestown |
|
Dunfermline |
|
Fife |
|
KY11 3EW |
