EXCLUSIVE TEL LIMITED


Director	MALIK, Asmat Ullah


Registered Address	124 City Road
	London
	EC1V 2NX


Registered Number	09841068 (England and Wales)

Statement of Financial Position
31 October 2024

	Notes	2024		2023
		£	£	£	£
Current assets
Stocks	3	5,400		6,000
Debtors		341,555		5,100
Cash at bank and on hand		45		6,955
		347,000		18,055
Creditors amounts falling due within one year	4	(297,698)		(3,668)
Net current assets (liabilities)			49,302		14,387
Total assets less current liabilities			49,302		14,387
Creditors amounts falling due after one year			(29,339)		-
Net assets			19,963		14,387
Capital and reserves
Called up share capital			1		1
Profit and loss account			19,962		14,386
Shareholders' funds			19,963		14,387

The company was entitled to exemption from audit for this reporting period 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 responsibilities 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.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 October 2025, and are signed on its behalf by:

MALIK, Asmat Ullah
Director
Registered Company No. 09841068

EXCLUSIVE TEL LIMITED

Notes to the Financial Statements
for the year ended 31 October 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 124 City Road, London, England, EC1V 2NX

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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

	Judgements and key sources of estimation uncertainty
	No significant judgements or estimates have been made in preparation of these financial statements.

	Turnover policy
	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.

Turnover policy

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.

	Revenue from 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.

	Revenue from 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.

Revenue from 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.

	Current taxation
	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.

Current taxation

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.

	Stocks and work in progress
	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.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		3

3.	Stocks

	2024	2023
	£	£
Finished goods	5,400	6,000
Total	5,400	6,000

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	295,030	2,458
Taxation and social security	2,668	1,210
Total	297,698	3,668