Exceed_Electrical_Ltd_31_Mar_2025_companies_house_set_of

Exceed Electrical Ltd

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	207,815		185,471
Investments	6	80,000		-
		287,815		185,471
Current assets
Debtors	7	438,734		326,059
Cash at bank and in hand		5,076		1,999
		443,810		328,058
Creditors: amounts falling due within one year	8	(531,959	)	(336,215	)
Net current liabilities		(88,149	)	(8,157	)
Total assets less current liabilities		199,666		177,314
Creditors: amounts falling due after more than one year	9	(126,663	)	(104,827	)
Net assets		73,003		72,487
Capital and reserves
Called up share capital		2		2
Profit and loss account		73,001		72,485
Shareholders funds		73,003		72,487

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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

17 December 2025

, and are signed on behalf of the board by:



Mr D Farrell	Mr C Talbot
Director	Director

Company registration number:

12534368

Exceed Electrical Ltd

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

One

St Peters Road

Maidenhead

Berkshire

SL6 7QU

, England.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Motor vehicles	25% reducing balance
Office equipment	25% reducing balance
Land and buildings	Straight line over 10 years
Fixtures, fittings and equipment	25% reducing balance
Plant and machinery	25% reducing balance

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.

All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model and the performance model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

18.00

5 Tangible assets

	Land and buildings	Plant and machinery etc.		Total
	£	£		£
Cost
At 1 April 2024	4,900	332,897		337,797
Additions	7,350	126,734		134,084
Disposals	-	(84,378	)	(84,378	)
At 31 March 2025	12,250	375,253		387,503
Depreciation
At 1 April 2024	1,470	150,856		152,326
Charge	858	65,964		66,822
Disposals	-	(39,460	)	(39,460	)
At 31 March 2025	2,328	177,360		179,688
Carrying amount
At 31 March 2025	9,922	197,893		207,815
At 31 March 2024	3,430	182,041		185,471

6 Investments

	Shares in group undertakings and participating interests	Loans to group undertakings and participating interests	Total
	£	£	£
Cost
At 1 April 2024	-	-	-
Additions	15,000	65,000	80,000
At 31 March 2025	15,000	65,000	80,000
Impairment
At 1 April 2024 and 31 March 2025	-	-	-
Carrying amount
At 31 March 2025	15,000	65,000	80,000
At 31 March 2024	-	-	-

7 Debtors

	2025	2024
	£	£
Trade debtors	261,000	319,085
Other debtors	177,734	6,974
	438,734	326,059

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	57,045	45,129
Trade creditors	310,432	164,308
Taxation and social security	119,346	89,164
Other creditors	45,136	37,614
	531,959	336,215

9 Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	106,653	104,827
Other creditors	20,010	-
	126,663	104,827