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EXCED Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06682287
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 736 491
736 491
CURRENT ASSETS
Debtors 5 738,978 691,380
Cash at bank and in hand 2,246 6,354
741,224 697,734
Creditors: Amounts Falling Due Within One Year 6 (60,187 ) (55,275 )
NET CURRENT ASSETS (LIABILITIES) 681,037 642,459
TOTAL ASSETS LESS CURRENT LIABILITIES 681,773 642,950
Creditors: Amounts Falling Due After More Than One Year 7 (600,000 ) (600,000 )
NET ASSETS 81,773 42,950
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 81,772 42,949
SHAREHOLDERS' FUNDS 81,773 42,950
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Felicity Stewart
Director
26 September 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
EXCED Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06682287 . The registered office is Gowran House, 56 Broad Street, Chipping Sodbury, Bristol, BS37 6AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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 liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 3,259 423 3,682
Additions 490 - 490
As at 31 March 2025 3,749 423 4,172
Depreciation
As at 1 April 2024 2,768 423 3,191
Provided during the period 245 - 245
As at 31 March 2025 3,013 423 3,436
Net Book Value
As at 31 March 2025 736 - 736
As at 1 April 2024 491 - 491
5. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Prepayments and accrued income 46,760 30,314
Other debtors 692,218 661,066
738,978 691,380
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Bank loans and overdrafts 14,167 24,167
Corporation tax 9,166 10,622
Other taxes and social security 478 -
Accruals and deferred income 700 700
Director's loan account 35,676 19,786
60,187 55,275
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7. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Directors loan account 600,000 600,000
8. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 1 1
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