REGISTERED NUMBER: 04410812 (England and Wales)

EXCELECT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

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

3,664

6,461

Tangible assets

6

11,075

15,389

14,739

21,850

CURRENT ASSETS

Debtors

7

119,450

117,440

Cash at bank

28,949

30,516

148,399

147,956

CREDITORS

Amounts falling due within one year

8

4,284

6,991

NET CURRENT ASSETS

144,115

140,965

TOTAL ASSETS LESS CURRENT LIABILITIES

158,854

162,815

CREDITORS

Amounts falling due after more than one year

9

-

(667

)

PROVISIONS FOR LIABILITIES

(2,004

)

(2,824

)

NET ASSETS

156,850

159,324

CAPITAL AND RESERVES

Called up, paid and allotted share capital

2

2

Retained earnings

156,848

159,322

SHAREHOLDERS' FUNDS

156,850

159,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 13 July 2026 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2025

and 31 March 2026

14,873

AMORTISATION

At 1 April 2025

8,412

Amortisation for year

2,797

At 31 March 2026

11,209

NET BOOK VALUE

At 31 March 2026

3,664

At 31 March 2025

6,461

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

3,919

9,523

41,795

55,237

DEPRECIATION

At 1 April 2025

2,196

9,079

28,573

39,848

Charge for year

785

222

3,307

4,314

At 31 March 2026

2,981

9,301

31,880

44,162

NET BOOK VALUE

At 31 March 2026

938

222

9,915

11,075

At 31 March 2025

1,723

444

13,222

15,389

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

119,450

117,440

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

667

4,000

Taxation and social security

360

121

Other creditors

3,257

2,870

4,284

6,991

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

667

10.	RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, additional loans in aggregate of £312 were provided to the company by the director. At the year end, the director was owed £1,712.