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Registered number: 05531970
Exceed Training Company Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05531970
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,231 18,993
Investment Properties 5 186,256 186,256
208,487 205,249
CURRENT ASSETS
Debtors 6 - 14,247
Cash at bank and in hand 64,806 18,650
64,806 32,897
Creditors: Amounts Falling Due Within One Year 7 (9,762 ) (3,415 )
NET CURRENT ASSETS (LIABILITIES) 55,044 29,482
TOTAL ASSETS LESS CURRENT LIABILITIES 263,531 234,731
NET ASSETS 263,531 234,731
CAPITAL AND RESERVES
Called up share capital 8 201 201
Profit and Loss Account 263,330 234,530
SHAREHOLDERS' FUNDS 263,531 234,731
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 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
Mrs Helen Rutherford
Director
09/01/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Exceed Training Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05531970 . The registered office is Suite 2, The Point, Mayfield Road, Ilkley, LS29 8FL.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold Not depreciated
Fixtures & Fittings 20% Reducing balance
Computer Equipment 33% Straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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 year 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 asset reflects 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: 9 (2024: 10)
9 10
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2024 85,939 16,684 102,623
Additions 7,377 - 7,377
As at 31 August 2025 93,316 16,684 110,000
Depreciation
As at 1 September 2024 69,056 14,574 83,630
Provided during the period 3,157 982 4,139
As at 31 August 2025 72,213 15,556 87,769
Net Book Value
As at 31 August 2025 21,103 1,128 22,231
As at 1 September 2024 16,883 2,110 18,993
5. Investment Property
2025
£
Fair Value
As at 1 September 2024 and 31 August 2025 186,256
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income - 14,247
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 5,606 -
Other taxes and social security 1,313 306
Other creditors 724 779
Accruals and deferred income 2,039 1,751
Directors' loan accounts 80 579
9,762 3,415
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 201 201
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