Excel LTD - Accounts to registrar (filleted) - small 18.1

Excel LTD - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 06922061 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2017

for

Excel LTD

Excel LTD (Registered number: 06922061)






Contents of the Financial Statements
for the Year Ended 31 July 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Excel LTD

Company Information
for the Year Ended 31 July 2017







DIRECTOR: T Georg





REGISTERED OFFICE: 47 High Street
Swansea
SA1 1LT





REGISTERED NUMBER: 06922061 (England and Wales)





ACCOUNTANTS: LGCA Accountants
The Gables
Llangathen
SA32 8QD

Excel LTD (Registered number: 06922061)

Balance Sheet
31 July 2017

Notes £    £   
FIXED ASSETS
Tangible assets 3 4,956

CURRENT ASSETS
Stocks 730
Cash at bank 622
1,352
CREDITORS
Amounts falling due within one year 4 4,292
NET CURRENT LIABILITIES (2,940 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,016

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 2,014
2,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13 April 2018 and were signed by:





Miss J Williamson - Director


Excel LTD (Registered number: 06922061)

Notes to the Financial Statements
for the Year Ended 31 July 2017

1. STATUTORY INFORMATION

Excel LTD 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and
other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2016
and 31 July 2017 24,262
DEPRECIATION
At 1 August 2016 14,320
Charge for year 4,986
At 31 July 2017 19,306
NET BOOK VALUE
At 31 July 2017 4,956
At 31 July 2016 9,942

Excel LTD (Registered number: 06922061)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2017

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 718
Other creditors 3,574
4,292