REGISTERED NUMBER: |
Financial Statements for the Year Ended 29 September 2023 |
for |
Exceed Global Ltd |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 29 September 2023 |
for |
Exceed Global Ltd |
Exceed Global Ltd (Registered number: 08789822) |
Contents of the Financial Statements |
for the Year Ended 29 September 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Exceed Global Ltd |
Company Information |
for the Year Ended 29 September 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
Exceed Global Ltd (Registered number: 08789822) |
Balance Sheet |
29 September 2023 |
29.9.23 | 29.9.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Property, plant and equipment | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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 Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Exceed Global Ltd (Registered number: 08789822) |
Notes to the Financial Statements |
for the Year Ended 29 September 2023 |
1. | STATUTORY INFORMATION |
Exceed Global Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with Financial Reporting Standard 102 ''The Financial Reporting Standard in the UK and Republic of Ireland'' including provisions of Section 1A ''Small Entities'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and prepared on a going concern basis, management have determined the Covid - 19 pandemic is not expected to have significant impact on the entity's ability to continue as a going concern. |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. Management have determined the Covid - 19 pandemic is not expected to have significant impact on the entity's ability to continue as a going concern. |
Turnover |
Turnover is recognised on the completion of service and represents net invoiced sales excluding VAT. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Financial instruments |
Intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. |
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. |
Exceed Global Ltd (Registered number: 08789822) |
Notes to the Financial Statements - continued |
for the Year Ended 29 September 2023 |
2. | ACCOUNTING POLICIES - continued |
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. |
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 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 30 September 2022 |
and 29 September 2023 |
AMORTISATION |
At 30 September 2022 |
and 29 September 2023 |
NET BOOK VALUE |
At 29 September 2023 |
At 29 September 2022 |
Exceed Global Ltd (Registered number: 08789822) |
Notes to the Financial Statements - continued |
for the Year Ended 29 September 2023 |
5. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
£ |
COST |
At 30 September 2022 |
and 29 September 2023 |
DEPRECIATION |
At 30 September 2022 |
Charge for year |
At 29 September 2023 |
NET BOOK VALUE |
At 29 September 2023 |
At 29 September 2022 |
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 30 September 2022 |
Additions |
Disposals | ( |
) |
Revaluations |
At 29 September 2023 |
NET BOOK VALUE |
At 29 September 2023 |
At 29 September 2022 |
Cost or valuation at 29 September 2023 is represented by: |
Other |
investments |
£ |
Valuation in 2023 | 10,033 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.9.23 | 29.9.22 |
£ | £ |
Trade debtors |
Other debtors |
Exceed Global Ltd (Registered number: 08789822) |
Notes to the Financial Statements - continued |
for the Year Ended 29 September 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.9.23 | 29.9.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |