Registration number: 01012731

Excelsior Textiles Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Excelsior Textiles Limited

Company Information

Directors

Mr T Mahalla Mr M J Mahalla

Registered office

3rd Floor 166 College Road Harrow Middlesex HA1 1BH

Accountants

MG Group (Professional Services) Limited Chartered Accountants 166 College Road Harrow Middlesex HA1 1BH

Excelsior Textiles Limited

(Registration number: 01012731)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Other financial assets	6	-	889,470
Current assets
Debtors	7	11,410	126,960
Other financial assets	6	418,913	-
Cash at bank and in hand		4,129,320	7,543,289
		4,559,643	7,670,249
Creditors: Amounts falling due within one year	8	(47,574)	(77,716)
Net current assets		4,512,069	7,592,533
Total assets less current liabilities		4,512,069	8,482,003
Provisions for liabilities		-	(2,868)
Net assets		4,512,069	8,479,135
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		4,511,069	8,478,135
Shareholders' funds		4,512,069	8,479,135

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 October 2025 and signed on its behalf by:
 

Excelsior Textiles Limited

(Registration number: 01012731)
Balance Sheet as at 30 June 2025

......................................... Mr M J Mahalla Director

Excelsior Textiles Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales (Company number: 01012731).

The address of its registered office is:
3rd Floor
166 College Road
Harrow
Middlesex
HA1 1BH
United Kingdom

These financial statements were authorised for issue by the Board on 23 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments, including those held as fixed asset investments, at fair value. The principal accounting policies adopted are set out below.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Revenue from investment activities is recognised on a receivables basis.

Investments

Investments are initially measured at cost and subsequently measured at cost or valuation, net of any impairment losses. Any investments carried at revalued amounts are recorded at their fair value at the date of the valuation less any subsequent impairment losses. The surplus or deficit on revaluation is recognised in profit or loss.

Impairment of assets

Excelsior Textiles Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

At each reporting period end date, the company reviews the carrying amounts of its tangible assets and investments to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Employee benefits

The costs of short-term employee benefits was recognised as a liability and an expense, unless those costs were required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement was recognised in the period in which the employee's services were received.

Termination benefits were recognised immediately as an expense when the company was demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans were recognised as employee benefit expense when they were due. If contribution payments exceed the contribution due for service, the excess was recognised as a prepayment.

The company operated two money purchase (defined contribution) pension schemes. The pension charge represented the amounts payable by the company to the funds in respect of the year. These contributions were invested separately from the company's assets.

Leases

Rentals payable under operating leases, including any lease incentives received, where substantially all of the benefits and risks of ownership remain with the lessor were charged to profit or loss on a straight line basis over the term of the relevant lease.

Excelsior Textiles Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Foreign currency transactions and balances

Transactions in currencies other than pounds sterling (functional currency of the company) are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

Judgements and key sources of estimation uncertainty

In application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 5).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2025 £	2024 £
Current taxation
UK corporation tax	40,065	15,953
UK corporation tax adjustment to prior periods	(91)	-
	39,974	15,953
Deferred taxation
Arising from origination and reversal of timing differences	(14,277)	11,150
Tax expense in the income statement	25,697	27,103