Ecell Global Limited - Limited company accounts 18.1.1

REGISTERED NUMBER: 05446826 (England and Wales)

Ecell Global Limited

Report of the Directors and

Unaudited Consolidated Financial Statements for the Year Ended 31 December 2017

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Consolidated Profit and Loss Account

4

Consolidated Balance Sheet

5

Company Balance Sheet

7

Consolidated Statement of Changes in Equity

9

Company Statement of Changes in Equity

10

Notes to the Consolidated Financial Statements

11

Directors:

Mr C Celikkol

Mr M Celikkol

Mr T Celikkol

Secretary:

Mr M Celikkol

Registered office:

C1, Barrow Close

Whitehills Business Park

Blackpool

FY4 5PS

Registered number:

05446826 (England and Wales)

Accountants:

RfM Fylde Limited

Summerdale

Head Dyke Lane

Pilling

Preston

Lancashire

PR3 6SJ

The directors present their report with the financial statements of the company and the group for the year ended

31 December 2017.

Directors

The directors shown below have held office during the whole of the period from 1 January 2017 to the date of this

report.

Mr C Celikkol

Mr M Celikkol

Mr T Celikkol

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

On behalf of the board:

Mr C Celikkol - Director

8 June 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Ecell Global Limited for the year ended 31 December 2017 which comprise the Consolidated

Profit and Loss Account, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in

Equity, Company Statement of Changes in Equity and the related notes from the company's and the group's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at

http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ecell Global Limited, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ecell Global

Limited and state those matters that we have agreed to state to the Board of Directors of Ecell Global Limited, as a body,

in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do

not accept or assume responsibility to anyone other than Ecell Global Limited the company and the group and the

company's Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ecell Global Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ecell Global

Limited. You consider that Ecell Global Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ecell Global Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

RfM Fylde Limited

Summerdale

Head Dyke Lane

Pilling

Preston

Lancashire

PR3 6SJ

8 June 2018

Turnover

8,835,835

9,813,022

Cost of sales

3,987,752

4,712,661

Gross profit

4,848,083

5,100,361

Administrative expenses

4,784,567

4,980,925

Operating profit

4

63,516

119,436

Interest receivable and similar income

23

157

Profit before taxation

63,539

119,593

Tax on profit

5

(6,233

)

(6,448

)

Profit for the financial year

69,772

126,041

Profit attributable to:

Owners of the parent

69,772

126,041

Fixed assets

Tangible assets

7

1,111,206

1,202,398

Investments

8

-

-

1,111,206

1,202,398

Current assets

Stocks

92,661

64,619

Debtors

9

984,131

1,411,480

Cash at bank and in hand

478,728

394,219

1,555,520

1,870,318

Creditors

Amounts falling due within one year

10

1,087,319

1,527,763

Net current assets

468,201

342,555

Total assets less current liabilities

1,579,407

1,544,953

Creditors

Amounts falling due after more than one year

11

(286,524

)

(316,011

)

Provisions for liabilities

13

(70,902

)

(76,733

)

Net assets

1,221,981

1,152,209

Capital and reserves

Called up share capital

14

471,000

471,000

Retained earnings

750,981

681,209

Shareholders' funds

1,221,981

1,152,209

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the

year ended 31 December 2017.

The members have not required the company and the group to obtain an audit of its financial statements for the year

ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

The financial statements were approved by the Board of Directors on 8 June 2018 and were signed on its behalf by:

Mr C Celikkol - Director

Fixed assets

Tangible assets

7

1,026,296

1,124,116

Investments

8

120,033

120,033

1,146,329

1,244,149

Current assets

Stocks

61,675

53,890

Debtors

9

1,400,211

2,825,241

Cash at bank and in hand

324,345

35,778

1,786,231

2,914,909

Creditors

Amounts falling due within one year

10

1,613,623

2,797,285

Net current assets

172,608

117,624

Total assets less current liabilities

1,318,937

1,361,773

Creditors

Amounts falling due after more than one year

11

(286,524

)

(316,011

)

Provisions for liabilities

13

(70,902

)

(76,733

)

Net assets

961,511

969,029

Capital and reserves

Called up share capital

14

471,000

471,000

Retained earnings

490,511

498,029

Shareholders' funds

961,511

969,029

Company's loss for the financial year

(7,518

)

(50,888

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 June 2018 and were signed on its behalf by:

Mr C Celikkol - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2016

471,000

555,168

1,026,168

Changes in equity

Total comprehensive income

-

126,041

126,041

Balance at 31 December 2016

471,000

681,209

1,152,209

Changes in equity

Total comprehensive income

-

69,772

69,772

Balance at 31 December 2017

471,000

750,981

1,221,981

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2016

471,000

548,917

1,019,917

Changes in equity

Total comprehensive income

-

(50,888

)

(50,888

)

Balance at 31 December 2016

471,000

498,029

969,029

Changes in equity

Total comprehensive income

-

(7,518

)

(7,518

)

Balance at 31 December 2017

471,000

490,511

961,511

1.	Statutory information

Ecell Global 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 General 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.

Basis of consolidation

The group financial statements consolidate the accounts of Ecell Global Limited and all its subsidiary

undertakings made up to 31 December each year.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost of building

Computer software

-

20-33% on cost

Fixtures and fittings

-

20-33% on cost

Computer equipment

-

10-50% on cost

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 Consolidated Profit and Loss

Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme

are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 14 (2016 - 9 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 7

(2016 - 7 ) .

4.	Operating profit

The operating profit is stated after charging:

2017

2016

£

£

Depreciation - owned assets

278,705

263,230

Depreciation - assets on hire purchase contracts and finance leases

94,779

54,579

Loss on disposal of fixed assets

-

23,231

5.

Taxation

Analysis of the tax credit

The tax credit on the profit for the year was as follows:

2017

2016

£

£

Current tax:

UK corporation tax

1,053

(5,025

)

Overseas tax

(1,455

)

4,456

Total current tax

(402

)

(569

)

Deferred tax

(5,831

)

(5,879

)

Tax on profit

(6,233

)

(6,448

)

6.	Individual income statement

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not

presented as part of these financial statements.

7.	Tangible fixed assets

Group

Fixtures

Freehold

Computer

and

property

software

fittings

£

£

£

Cost

At 1 January 2017

373,000

781,067

133,559

Additions

13,874

101,575

3,707

Disposals

(1,069

)

-

(367

)

At 31 December 2017

385,805

882,642

136,899

Depreciation

At 1 January 2017

8,189

300,286

65,089

Charge for year

12,970

174,354

28,332

At 31 December 2017

21,159

474,640

93,421

Net book value

At 31 December 2017

364,646

408,002

43,478

At 31 December 2016

364,811

480,781

68,470

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 January 2017

-

842,318

2,129,944

Additions

71,570

93,002

283,728

Disposals

-

-

(1,436

)

At 31 December 2017

71,570

935,320

2,412,236

Depreciation

At 1 January 2017

-

553,982

927,546

Charge for year

14,314

143,514

373,484

At 31 December 2017

14,314

697,496

1,301,030

Net book value

At 31 December 2017

57,256

237,824

1,111,206

At 31 December 2016

-

288,336

1,202,398

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as

follows:

Freehold

Computer

Motor

Computer

property

software

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 January 2017

25,840

270,768

-

118,638

415,246

Additions

-

-

71,570

-

71,570

At 31 December 2017

25,840

270,768

71,570

118,638

486,816

Depreciation

At 1 January 2017

861

85,475

-

18,275

104,611

Charge for year

2,584

54,154

14,314

23,727

94,779

At 31 December 2017

3,445

139,629

14,314

42,002

199,390

Net book value

At 31 December 2017

22,395

131,139

57,256

76,636

287,426

At 31 December 2016

24,979

185,293

-

100,363

310,635

Company

Fixtures

Freehold

Computer

and

property

software

fittings

£

£

£

Cost

At 1 January 2017

359,993

781,067

114,677

Additions

13,875

101,575

3,400

At 31 December 2017

373,868

882,642

118,077

Depreciation

At 1 January 2017

8,189

300,286

53,633

Charge for year

11,917

174,354

26,225

At 31 December 2017

20,106

474,640

79,858

Net book value

At 31 December 2017

353,762

408,002

38,219

At 31 December 2016

351,804

480,781

61,044