09841068 2022-11-01 2023-10-31 09841068 uk-bus:Director1 2022-11-01 2023-10-31 09841068 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 09841068 uk-bus:SmallEntities 2022-11-01 2023-10-31 09841068 uk-bus:FullAccounts 2022-11-01 2023-10-31 09841068 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09841068 2022-11-01 09841068 2023-10-31 09841068 2021-11-01 2022-10-31 09841068 2022-10-31 xbrli:pure iso4217:GBP 09841068 2021-11-01 2022-10-31
Company Registration Number : 09841068 (England and Wales)
09841068
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-10-31
false
EXCLUSIVE TEL LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-11-01
EXCLUSIVE TEL LIMITED
Financial Statements and Annual Report
For the year ended 31 October 2023
EXCLUSIVE TEL LIMITED
Contents
For the year ended 31 October 2023

CONTENTS PAGE
Company Information 3
Director's Report 4
Director's Responsibilities Statement
Income Statement 5
Statement of Financial Position 6
Notes to the Financial Statements 7 - 9
Detailed Income Statement 10


EXCLUSIVE TEL LIMITED
Company Information
For the year ended 31 October 2023

Company registration number 09841068 (England and Wales)
Director Asmat Ullah MALIK
Registered office address 50 Lees Road
Uxbridge
UB8 3AU












Accountant

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E1 5NF
EXCLUSIVE TEL LIMITED
Director's Report
For the year ended 31 October 2023

The director presents his/her report and the Unaudited Financial Statements for the year ended 31 October 2023.
Principal activity
The principal activity of the company continued to be that of Other telecommunications activities, business and domestic software development, information technology consultancy activities, other information technology service activities.
Director of the company
The following directors held office during the whole of the period:
Asmat Ullah MALIK
Statement of director's responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A

Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to;

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent; and
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006.
Approved by the Board of directors and signed on its behalf by:
Asmat Ullah MALIK (Director)
Date: 26 July 2024
This report was approved by the board on 2024-07-26 Date: 26 July 2024
EXCLUSIVE TEL LIMITED
Accountant's report
For the year ended 31 October 2023

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of EXCLUSIVE TEL LIMITED for the year ended 31 October 2023.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EXCLUSIVE TEL LIMITED for the year ended 31 October 2023.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
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E1 5NF
2024-07-26 Date: 26 July 2024
5
EXCLUSIVE TEL LIMITED
Income Statement
For the year ended 31 October 2023

2023 2022
Notes £ £
Turnover 5 84,164 77,891
Cost of sales (54,180) (49,775)
Gross profit 29,984 28,116
Selling and distribution expenses (7,003) (6,352)
Administrative expenses (23,301) (21,550)
Operating loss 6 (320) 214
Loss on ordinary activities before taxation (320) 214
Tax 8 (533) (404)
Loss for the year (853) (190)
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2023 2022
£ £
EXCLUSIVE TEL LIMITED
Statement of Financial Position
For the year ended 31 October 2023

2023 2022
Notes £ £
Current assets
Inventories 9 (4,697) 3,127
Debtors 10 12,055 4,578
7,358 7,705
Current liabilities
Creditors: Amounts falling due within one year 11 (2,458) (2,485)
Corporation tax payable (1,210) (677)
(3,668) (3,162)
Net current assets/(liabilities) 3,690 4,543
Total assets less current liabilities 3,690 4,543
Net assets/(liabilities) 3,690 4,543
Capital and reserves
Called up share capital 12 1 1
Share Premium 12 34,000 34,000
Retained earnings (30,311) (29,458)
Shareholder's funds 3,690 4,543
For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 28 July 2024
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Asmat Ullah MALIK (Director)
Company registration number: 09841068
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-10-31 31 October 2023
2023 2022
£ £
Current Assets 12,055 7,705
Creditors: amounts falling due within one year (8,365) (3,162)
Net current assets (liabilities) 3,690 4,543
Total assets less current liabilities 3,690 4,543
Net Assets (liabilities) 3,690 4,543
Capital and Reserves 3,690 4,543
For the year ending 31/10/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-10-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 28 July 2024 2024-07-26 and signed on behalf of the board,
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Asmat Ullah MALIK
Director
Company registration number: 09841068
EXCLUSIVE TEL LIMITED
Notes to the Financial Statements
For the year ended 31 October 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 50 Lees Road, Uxbridge, UB8 3AU.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2023 2022
£ £
Sales 84,164 77,891
84,164 77,891

(6) Operating profit
Operating profit for the year from continuing operations has been arrived after charging:
2023 2022
£ £
Staff costs 8,500 6,000
8,500 6,000

(7) Employees
During the year, the average number of employees including director was 3 (2022 : 2).

(8) Tax
Current tax
2023 2022
£ £
Corporation tax charge for current year 533 404
Total current tax 533 404

(9) Inventories
2023 2022
£ £
Stock of Finished Goods (4,697) 3,127
(4,697) 3,127

(10) Debtors
Amounts falling due within one year
2023 2022
£ £
Other debtors 12,055 4,578
12,055 4,578

(11) Creditors: Amounts falling due within one year
2023 2022
£ £
Other creditors 2,458 2,485
2,458 2,485

(12) Share capital and reserves
Alloted, called up and fully paid: 2023 2022
£ £
1 (2022 : 1) Ordinary Shares of £ 1 each11
1 1
A ordinary shares hold equal voting rights. B investment shares do not carry any voting rights.
Retained earnings 2023
£
At 1 November 2022 (31,681)
Profit of the year 1,370
At 31 October 2023 (30,311)
Retained earnings
Called up and fully paid:
Retained earnings 2023
£
At 1 November 2022 (31,681)
Profit of the year 1,370
At 31 October 2023 (30,311)
EXCLUSIVE TEL LIMITED
Detailed Income Statement
For the year ended 31 October 2023




This section does not form part of the statutory accounts.




2023 2022
£ £
Turnover 84,164 77,891
Less : Cost of sales
Opening Stock 13,824 9,483
Purchases 46,356 50,989
Closing Stock (6,000) (10,697)
54,180 49,775
Gross Profit 29,984 28,116
Less : Selling and distribution expenses
Advertising and Marketing 4,142 4,038
UK and Overseas Travel Costs 2,861 2,314
7,003 6,352
Less : Administrative expenses
Rent 6,005 6,005
Cleaning 2,123 2,038
Repairs and Renewals 1,108 1,830
Employee Salary Expense 8,500 6,000
Accountancy, Bookkeeping and Auditing Fees 1,800 1,700
Telephone and Internet 1,618 1,527
Office Supplies & Stationary 2,147 2,450
23,301 21,550
Operating loss (320) 214
Loss on ordinary activities before taxation (320) 214
Less : Tax
Corporation Tax 533 404
533 404
Net loss for the year after taxation (853) (190)