Excel 2002 Limited - Accounts to registrar (filleted) - small 18.2
Excel 2002 Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 May 2018 |
| for |
| EXCEL 2002 LIMITED |
| EXCEL 2002 LIMITED (REGISTERED NUMBER: 04446128) |
| Contents of the Financial Statements |
| for the year ended 31 May 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| EXCEL 2002 LIMITED |
| Company Information |
| for the year ended 31 May 2018 |
| Director: |
| Secretary: | Mrs L B Deighton |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Coopers House |
| 65a Wingletye Lane |
| Hornchurch |
| Essex |
| RM11 3AT |
| EXCEL 2002 LIMITED (REGISTERED NUMBER: 04446128) |
| Balance Sheet |
| 31 May 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
| Provisions for liabilities | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 8 |
| Revaluation reserve | 9 |
| Retained earnings | 9 |
| Shareholders' funds |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved and authorised for issue by the director on by: |
| EXCEL 2002 LIMITED (REGISTERED NUMBER: 04446128) |
| Notes to the Financial Statements |
| for the year ended 31 May 2018 |
| 1. | Statutory information |
| Excel 2002 Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Key source of estimation, uncertainty and judgement |
| The preparation of financial statements in conformity with generally accepted accounting practice requires |
| management to make estimates and judgement that affect the reported amounts of assets and liabilities as well |
| as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of |
| revenues and expenses during the reporting period. |
| There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out |
| by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as |
| possible, there remains a risk that the policy does not match the useful life of the assets. |
| There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out |
| by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, |
| there remains a risk that the provisions do not match the actual tax liability when asset is disposed off. |
| There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is |
| carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are |
| as accurate as possible, there remains a risk that the provisions do not match the level of debts which |
| ultimately prove to be uncollectable. |
| Turnover |
| Turnover represents the value of all goods sold during the period, less returns received, at selling prices |
| exclusive of VAT. Sales are recognised at the point at which the company has fulfilled its contractual |
| obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to |
| the customer. |
| Please note that Turnover will include invoiced sales and AROC movement (WIP movement), this being |
| normally 2 months outstanding Applications, plus client shortfall and retention less any provision required. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company'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 |
| EXCEL 2002 LIMITED (REGISTERED NUMBER: 04446128) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2018 |
| 4. | Tangible fixed assets |
| Freehold | Plant and | Motor | Computer |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 June 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 May 2018 |
| Depreciation |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 May 2018 |
| Net book value |
| At 31 May 2018 |
| At 31 May 2017 |
| 5. | Debtors |
| 2018 | 2017 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 6. | Creditors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 103,408 | - |
| Other creditors |
| Accrued expenses |
| 7. | Creditors: amounts falling due after more than one year |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts |
| EXCEL 2002 LIMITED (REGISTERED NUMBER: 04446128) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2018 |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | Reserves |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 June 2017 | 276,949 |
| Profit for the year |
| At 31 May 2018 | 750,940 |
| 10. | Ultimate controlling party |
| The controlling party is Mr S R Deighton. |