REGISTERED NUMBER: 12178184 (England and Wales)

Financial Statements for the Year Ended 31 August 2024

for

Exceed Developments Leicester Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Jagjit Singh Chohan

Mrs Hardip Kaur Chohan

SECRETARY:

Mrs Hardip Kaur Chohan

REGISTERED OFFICE:

Forest Field Leicester Lane

Desford

Leicester

LE9 9JJ

REGISTERED NUMBER:

12178184 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Property, plant and equipment

4

836,774

840,001

CURRENT ASSETS

Debtors

5

-

4,536

Cash at bank and in hand

16,558

8,005

16,558

12,541

CREDITORS

Amounts falling due within one year

6

266,109

644,387

NET CURRENT LIABILITIES

(249,551

)

(631,846

)

TOTAL ASSETS LESS CURRENT LIABILITIES

587,223

208,155

CREDITORS

Amounts falling due after more than one year

7

624,923

233,342

NET LIABILITIES

(37,700

)

(25,187

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(37,800

)

(25,287

)

SHAREHOLDERS' FUNDS

(37,700

)

(25,187

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2025 and were signed on its behalf by:

Mr Jagjit Singh Chohan - Director

1.	STATUTORY INFORMATION

Exceed Developments Leicester Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2023

826,029

18,630

844,659

Additions

-

354

354

At 31 August 2024

826,029

18,984

845,013

DEPRECIATION

At 1 September 2023

-

4,658

4,658

Charge for year

-

3,581

3,581

At 31 August 2024

-

8,239

8,239

NET BOOK VALUE

At 31 August 2024

826,029

10,745

836,774

At 31 August 2023

826,029

13,972

840,001

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade debtors

-

4,536

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Other creditors

266,109

644,387

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans

624,923

233,342

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.24

31.8.23

value:

£

£

100

Ordinary

£1

100

100