Registered number
04095272
Excelsior Graphic Designers Limited
Filleted Accounts for the year ended
31 December 2024
Excelsior Graphic Designers Limited
Registered number: 04095272
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 37,919 12,364
Current assets
Stocks 2,936 7,000
Debtors 4 555 19,240
Cash at bank and in hand - 251
3,491 26,491
Creditors: amounts falling due within one year 5 (35,169) (24,395)
Net current (liabilities)/assets (31,678) 2,096
Total assets less current liabilities 6,241 14,460
Creditors: amounts falling due after more than one year 6 (14,413) (17,246)
Net liabilities (8,172) (2,786)
Capital and reserves
Called up share capital 1 1
Profit and loss account (8,173) (2,787)
Shareholder's funds (8,172) (2,786)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.
S Mistry
Director
Approved by the board on 26 August 2025
Excelsior Graphic Designers Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
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 (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% Reducing balance
Leasehold improvements 10% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
Taxation
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Leasehold improvements Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 - 54,269 54,269
Additions 29,768 - 29,768
At 31 December 2024 29,768 54,269 84,037
Depreciation
At 1 January 2024 - 41,905 41,905
Charge for the year 2,977 1,236 4,213
At 31 December 2024 2,977 43,141 46,118
Net book value
At 31 December 2024 26,791 11,128 37,919
At 31 December 2023 - 12,364 12,364
4 Debtors 2024 2023
£ £
Trade debtors 110 9,112
Other debtors 445 10,128
555 19,240
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 17,382 14,028
Taxation and social security costs 9,914 8,867
Directors loan 6,373 -
Other creditors 1,500 1,500
35,169 24,395
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,413 17,246
7 Transactions with the director
As at 31 December 2024, the director S Mistry had loaned the company £6,373 (2023: he owed the company £10,128).

This is shown under creditors.

This loan is on an interest free basis and has no set repayment.
8 Controlling party
The ultimate controlling party is H Mistry who holds 100% of the issued share capital. H Mistry is related to the director S Mistry.
9 Other information
Excelsior Graphic Designers Limited is a private company limited by shares and incorporated in England. Its registered office is:
338 High Road
Willesden
London
NW10 2EN
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