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REGISTERED NUMBER: 02973025 (England and Wales)

























Financial Statements

for the Year Ended 30 September 2025

for

EXL Services Limited
EXL Services Limited (Registered number: 02973025)






Contents of the Financial Statements
for the Year Ended 30 September 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXL Services Limited

Company Information
for the Year Ended 30 September 2025







DIRECTORS: Mrs L Muir
A S Muir





SECRETARY: E W Muir





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 02973025 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR
Page 1
EXL Services Limited (Registered number: 02973025)

Balance Sheet
30 September 2025

30.9.25 30.9.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 69,853 74,947
Investments 6 217,019 186,742
286,872 261,689

CURRENT ASSETS
Stocks 318,537 300,515
Debtors 7 65,175 11,737
Cash at bank 183,468 271,370
567,180 583,622
CREDITORS
Amounts falling due within one year 8 101,349 134,572
NET CURRENT ASSETS 465,831 449,050
TOTAL ASSETS LESS CURRENT
LIABILITIES
752,703
710,739

PROVISIONS FOR LIABILITIES 2,314 2,847
NET ASSETS 750,389 707,892

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 750,269 707,772
SHAREHOLDERS' FUNDS 750,389 707,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 notes form part of these financial statements

Page 2 continued...
EXL Services Limited (Registered number: 02973025)

Balance Sheet - continued
30 September 2025


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 8 December 2025 and were signed on its behalf by:




Mrs L Muir - Director



A S Muir - Director


The notes form part of these financial statements

Page 3
EXL Services Limited (Registered number: 02973025)

Notes to the Financial Statements
for the Year Ended 30 September 2025

1. STATUTORY INFORMATION

EXL Services Limited 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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of one years.

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 - 20% on reducing balance, 15% on reducing balance and 4% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage of manufacture or completion.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Page 4 continued...
EXL Services Limited (Registered number: 02973025)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2024
and 30 September 2025 5,000
AMORTISATION
At 1 October 2024
and 30 September 2025 5,000
NET BOOK VALUE
At 30 September 2025 -
At 30 September 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2024 102,164
Additions 183
At 30 September 2025 102,347
DEPRECIATION
At 1 October 2024 27,217
Charge for year 5,277
At 30 September 2025 32,494
NET BOOK VALUE
At 30 September 2025 69,853
At 30 September 2024 74,947

Page 5 continued...
EXL Services Limited (Registered number: 02973025)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2025

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 October 2024 1 186,741 186,742
Additions - 40,625 40,625
Disposals - (34,598 ) (34,598 )
Revaluations - 24,250 24,250
At 30 September 2025 1 217,018 217,019
NET BOOK VALUE
At 30 September 2025 1 217,018 217,019
At 30 September 2024 1 186,741 186,742

Cost or valuation at 30 September 2025 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2025 - 217,018 217,018
Cost 1 - 1
1 217,018 217,019

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.25 30.9.24
£    £   
Trade debtors 59,317 2,384
Other debtors 5,858 9,353
65,175 11,737

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.25 30.9.24
£    £   
Trade creditors 23,796 33,271
Other creditors 77,553 101,301
101,349 134,572

Page 6