I4xcel Limited
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Registered number: |
09549182
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Balance Sheet |
as at 30 April 2021
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Notes |
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2021 |
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2020 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
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17,522 |
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31,062 |
Tangible assets |
3 |
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219 |
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274 |
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17,741 |
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31,336 |
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Current assets |
Debtors |
4 |
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7,537 |
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7,540 |
Cash at bank and in hand |
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38,205 |
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23,484 |
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45,742 |
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31,024 |
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Creditors: amounts falling due within one year |
5 |
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(24,000) |
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- |
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Net current assets |
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21,742 |
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31,024 |
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Total assets less current liabilities |
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39,483 |
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62,360 |
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Net assets |
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39,483 |
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62,360 |
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Capital and reserves |
Called up share capital |
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100 |
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100 |
Profit and loss account |
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39,383 |
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62,260 |
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Shareholders' funds |
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39,483 |
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62,360 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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Mrs Monalisa Roy |
Mr Santanu Dutta Gupta |
Director |
Director |
Approved by the board on 16 December 2021
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I4xcel Limited
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Notes to the Accounts |
for the year ended 30 April 2021
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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3 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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2 |
Intangible fixed assets |
£ |
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Franchise License |
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Cost |
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At 1 May 2020 |
67,700 |
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Additions |
- |
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Disposals |
- |
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At 30 April 2021 |
67,700 |
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Amortisation |
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At 1 May 2020 |
36,638 |
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Provided during the year |
13,540 |
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On disposals |
- |
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At 30 April 2021 |
50,178 |
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Net book value |
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At 30 April 2021 |
17,522 |
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At 30 April 2020 |
31,062 |
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Franchise license is being written off in equal annual instalments over its estimated economic life of 5 years. |
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3 |
Tangible fixed assets |
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Computer & equipment |
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Total |
£ |
£ |
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Cost |
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At 1 May 2020 |
299 |
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299 |
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Additions |
- |
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- |
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Surplus on revaluation |
- |
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- |
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Disposals |
- |
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- |
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At 30 April 2021 |
299 |
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299 |
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Depreciation |
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At 1 May 2020 |
25 |
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25 |
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Charge for the year |
55 |
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55 |
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Surplus on revaluation |
- |
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- |
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On disposals |
- |
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- |
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At 30 April 2021 |
80 |
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80 |
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Net book value |
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At 30 April 2021 |
219 |
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219 |
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At 30 April 2020 |
274 |
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274 |
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4 |
Debtors |
2021 |
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2020 |
£ |
£ |
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Other debtors |
7,537 |
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7,540 |
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7,537 |
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7,540 |
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5 |
Creditors: amounts falling due within one year |
2021 |
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2020 |
£ |
£ |
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Other creditors |
24,000 |
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- |
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24,000 |
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- |
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6 |
Ultimate controlling party |
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Ultimate controlling party of the company is Mrs Monalisa Roy and Mr Shantanu Dutta Gupta with 50:50 Share holding of the company. |
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7 |
Other information |
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I4xcel Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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The Court Building |
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1 Market Street |
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London |
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SE18 6FU |