ACCOUNTS - Final Accounts preparation

EXCEL FUNDRAISING LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312021-12-16falseNo description of principal activity210falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13804768 2021-12-15 13804768 2021-12-16 2022-12-31 13804768 2020-12-16 2021-12-15 13804768 2022-12-31 13804768 c:Director1 2021-12-16 2022-12-31 13804768 c:Director2 2021-12-16 2022-12-31 13804768 c:Director3 2021-12-16 2022-12-31 13804768 c:RegisteredOffice 2021-12-16 2022-12-31 13804768 d:MotorVehicles 2021-12-16 2022-12-31 13804768 d:MotorVehicles 2022-12-31 13804768 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-12-16 2022-12-31 13804768 d:ComputerEquipment 2021-12-16 2022-12-31 13804768 d:ComputerEquipment 2022-12-31 13804768 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-12-16 2022-12-31 13804768 d:OtherPropertyPlantEquipment 2021-12-16 2022-12-31 13804768 d:OtherPropertyPlantEquipment 2022-12-31 13804768 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-12-16 2022-12-31 13804768 d:OwnedOrFreeholdAssets 2021-12-16 2022-12-31 13804768 d:CurrentFinancialInstruments 2022-12-31 13804768 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13804768 d:ShareCapital 2022-12-31 13804768 d:RetainedEarningsAccumulatedLosses 2022-12-31 13804768 c:FRS102 2021-12-16 2022-12-31 13804768 c:AuditExempt-NoAccountantsReport 2021-12-16 2022-12-31 13804768 c:FullAccounts 2021-12-16 2022-12-31 13804768 c:PrivateLimitedCompanyLtd 2021-12-16 2022-12-31 iso4217:GBP xbrli:pure

Company registration number: 13804768

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 DECEMBER 2022

	EXCEL FUNDRAISING LIMITED


EXCEL FUNDRAISING LIMITED

COMPANY INFORMATION

Directors	D Jubb
	G McDonough
	M Rogers


Registered number	13804768


Registered office	Marlow International
	Parkway
	Marlow
	SL7 1YL


Accountants	Menzies LLP
	Chartered Accountants
	Centrum House
	36 Station Road
	Egham
	Surrey
	TW20 9LF


EXCEL FUNDRAISING LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


EXCEL FUNDRAISING LIMITED REGISTERED NUMBER:13804768

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2022

		2022
Note		£

Fixed assets
Tangible assets	4		148,456
			148,456
Current assets
Debtors: amounts falling due within one year	5	191,095
Cash at bank and in hand		79,665
		270,760
Creditors: amounts falling due within one year	6	(416,369)
Net current (liabilities)/assets			(145,609)
Total assets less current liabilities			2,847

Net assets			2,847

Capital and reserves
Called up share capital			100
Profit and loss account			2,747
			2,847

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

G McDonough

Director

Date: 15 September 2023

The notes on pages 2 to 4 form part of these financial statements.

Page 1


EXCEL FUNDRAISING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

1.	General information

Excel Fundraising Limited is a private company limited by shares and incorporated in England and Wales. The
address of the registered office is given in the company information page of these financial statements. The company's place of business is Jubilee House, Globe Park, Third Avenue, Marlow, Buckinghamshire, SL7 1EY.
The company was incorporated on the 16 December 2021. As a result this is the company's first set of accounts which represents a 13 month period from incorporation to 31 December 2022.
The presentation currency of the financial statements is the Pound Sterling (£).
The significant accounting policies applied in the preparation of these financial statements are set out below.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is generated via providing fundraising services and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2


EXCEL FUNDRAISING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided over the following terms:

Motor vehicles	-	5 years
Computer equipment	-	2 years
Field equipment	-	1 year

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the period was 21.

Page 3


EXCEL FUNDRAISING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2022

4.	Tangible fixed assets

	Motor vehicles	Computer equipment	Field equipment	Total
	£	£	£	£
Cost or valuation
Additions	147,280	3,048	10,336	160,664
At 31 December 2022	147,280	3,048	10,336	160,664
Depreciation
Charge for the period on owned assets	10,251	477	1,480	12,208
At 31 December 2022	10,251	477	1,480	12,208
Net book value
At 31 December 2022	137,029	2,571	8,856	148,456

Debtors

					2022
					£


	Trade debtors	156,000
	Prepayments and accrued income	35,095
		191,095

6.	Creditors: Amounts falling due within one year
		2022
		£

	Trade creditors	23,619
	Other taxation and social security	205,939
	Other creditors	5,083
	Accruals and deferred income	181,728
		416,369

Page 4