for the Period Ended 31 October 2019
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 October 2019
Directors
The directors shown below have held office during the whole of the period from
1 November 2018 to 31 October 2019
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2019 | 2018 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | ( | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2019 | 2018 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 October 2019
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 31 October 2019
2019 | 2018 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 October 2019
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 November 2018 | | | ||||
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 October 2019 | | | ||||
Depreciation | ||||||
At 1 November 2018 | | | ||||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 31 October 2019 | | | ||||
Net book value | ||||||
At 31 October 2019 | | | ||||
At 31 October 2018 | | |
for the Period Ended 31 October 2019
2019 | 2018 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Total | | |
for the Period Ended 31 October 2019
2019 | 2018 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Other creditors | | |
Total | | |
In 2014 Julie Whalley, Trina Ellam and Julie Parkinson, met at Costa coffee in Leigh to discuss a way to revive a dormant company called Excel Education NW CIC. The plan became realised in 2016 when "Excel in life CIC" opened up its new premises at 39a Leigh Rd, as a Day Care Service offering top quality training in hair and beauty (taught by experienced hairdresser Trina Ellam) as well as Maths (former business studies and maths tutor Julie Whalley) and English (former english teacher Julie Parkinson). Initially there was only one student and gradually word of mouth and newspaper publicity started to create strong interest. By the end of 2016 Excel had increased it's student number to 5. This became Excel's model for growth and it has proved to be a very successful one. As of 2020 Excel's student intake has reached 16 students who vary their days so that on average we have between 7 and 12 students per day. In 2018 Excel took the plunge and we expanded our modest premises to include the former Brides Of Leigh shop next door, thus instantly increasing both our potential student capacity as well as our attractiveness as a Day Care option to potential service users across the borough and wider. With this larger teaching space we maximised our subject timetable to include new areas such as Graphic Design, Radio, Arts & Crafts, bespoke Nail and Beauty rooms, and many others, including role plays based on real world working environments. Clearly this a challenging year for everybody and we understand the need to adapt to survive when the going gets rough, so over the summer we turned an initial negative (lockdown) into a big positive, creating our new Bistro which has proven to be a very popular area in Excel, and the students really love the internet cafe look and feel. Throughout this pandemic Excel has not wavered in it's support of our students and their families, and we will continue to ride this current crisis with this ethos: students first.
No consultation with stakeholders
The total amount paid to directors in respect of qualifying services was £71,009.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 October 2020
And signed on behalf of the board by:
Name: Julie Whalley
Status: Director