Excel Development Limited - Accounts to registrar

REGISTERED NUMBER: 00710449 (England and Wales)

Excel Development Limited

Financial Statements

for the Year Ended 31 December 2016

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D R Paul

Mr R R Weir

SECRETARY:

Regent Management Limited

REGISTERED OFFICE:

Barcroft

32 New Road

Yeadon

Leeds

West Yorkshire

LS19 7SE

REGISTERED NUMBER:

00710449 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

3

3,005

CURRENT ASSETS

Debtors

4

707

657

CREDITORS

Amounts falling due within one year

5

450

400

NET CURRENT ASSETS

257

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,262

CAPITAL AND RESERVES

Called up share capital

6

105

Capital redemption reserve

7

3,157

SHAREHOLDERS' FUNDS

3,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 22 September 2017 and were signed on its behalf
by:

Mr D R Paul - Director

Mr R R Weir - Director

1.	STATUTORY INFORMATION

Excel Development 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year that the company has presented its results under FRS 102. The last financial statements

prepared and submitted to Companies House under the previous UKGAAP were for the year ended 31

December 2015. The date of transition to FRS 102 was 1 January 2015 and there were no adjustments arising as

a result of the transition from the previous UKGAAP to FRS 102.

Turnover

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

value added tax and other sales taxes.

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible fixed assets

No depreciation is charged on freehold land.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2016

and 31 December 2016

3,005

NET BOOK VALUE

At 31 December 2016

3,005

At 31 December 2015

3,005

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Other debtors

321

394

Prepayments and accrued income

386

263

707

657

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Accruals and deferred income

450

400

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

105

Ordinary

£1

105

7.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 January 2016

-

3,157

Profit for the year

-

At 31 December 2016

-

3,157

Excel Development Limited - Accounts to registrar - small 17.2

Excel Development Limited - Accounts to registrar - small 17.2