REGISTERED NUMBER: 04410812 (England and Wales)

EXCELECT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Prof K Saeb-Parsy

REGISTERED OFFICE:

7 Sycamore Close

Cambridge

CB1 8PG

REGISTERED NUMBER:

04410812 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Intangible assets

5

6,461

9,259

Tangible assets

6

15,389

20,162

21,850

29,421

CURRENT ASSETS

Debtors

7

117,440

114,984

Cash at bank

30,516

33,885

147,956

148,869

CREDITORS

Amounts falling due within one year

8

6,991

6,175

NET CURRENT ASSETS

140,965

142,694

TOTAL ASSETS LESS CURRENT LIABILITIES

162,815

172,115

CREDITORS

Amounts falling due after more than one year

9

(667

)

(4,667

)

PROVISIONS FOR LIABILITIES

(2,824

)

(3,831

)

NET ASSETS

159,324

163,617

CAPITAL AND RESERVES

Called up, paid and allotted share capital

2

2

Retained earnings

159,322

163,615

SHAREHOLDERS' FUNDS

159,324

163,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 December 2025 and were signed by:

Prof K Saeb-Parsy - Director

1.	STATUTORY INFORMATION

Excelect 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Income recognition

Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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.

Computer software is being amortised evenly over its estimated useful life of five 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

-

20% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2024

and 31 March 2025

14,873

AMORTISATION

At 1 April 2024

5,614

Amortisation for year

2,798

At 31 March 2025

8,412

NET BOOK VALUE

At 31 March 2025

6,461

At 31 March 2024

9,259

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

3,919

8,860

41,795

54,574

Additions

-

663

-

663

At 31 March 2025

3,919

9,523

41,795

55,237

DEPRECIATION

At 1 April 2024

1,412

8,837

24,163

34,412

Charge for year

784

242

4,410

5,436

At 31 March 2025

2,196

9,079

28,573

39,848

NET BOOK VALUE

At 31 March 2025

1,723

444

13,222

15,389

At 31 March 2024

2,507

23

17,632

20,162

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

117,440

114,984

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,000

4,000

Taxation and social security

121

577

Other creditors

2,870

1,598

6,991

6,175

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

667

4,667

10.	RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, additional loans in aggregate of £572 were provided to the company by the director. At the year end, the director was owed £1,400.