Exceeding Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07706566

Exceeding Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2025

Exceeding Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	102,969	167,443

Current assets

Debtors	6	427,910	243,351
Cash at bank and in hand		225,289	189,477
		----------	----------
		653,199	432,828

Creditors: amounts falling due within one year	7	291,073	188,689
		----------	----------
Net current assets		362,126	244,139
		----------	----------
Total assets less current liabilities		465,095	411,582

Provisions

Deferred tax	1,899	13,358
	----------	----------
Net assets	463,196	398,224
	----------	----------

Capital and reserves

Called up share capital	200	200
Profit and loss account	462,996	398,024
	----------	----------
Shareholders funds	463,196	398,224
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 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 .

Exceeding Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 19 July 2026 , and are signed on behalf of the board by:

S P Rowland

Director

Company registration number: 07706566

Exceeding Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Wenlock Road, London, N1 7GU. The principal place of business of the company is 2-3 Blotts Barn, Brooks Road, Raunds, Northamptonshire, NN9 6NS.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit and loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Operating lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Operating lease income is recognised in statement of income and retained earnings on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

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

Leasehold improvements	-	20% straight line per annum
Motor vehicles	-	25% stright line per annum
Equipment	-	33.3% straight line per annum

Defined pension contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 9 ).

5. Tangible assets

	Leasehold improvements	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2025	70,457	200,240	48,005	318,702
Additions	–	–	5,091	5,091
	--------	----------	--------	----------
At 31 December 2025	70,457	200,240	53,096	323,793
	--------	----------	--------	----------
Depreciation
At 1 January 2025	32,830	78,179	40,250	151,259
Charge for the year	14,092	50,060	5,413	69,565
	--------	----------	--------	----------
At 31 December 2025	46,922	128,239	45,663	220,824
	--------	----------	--------	----------
Carrying amount
At 31 December 2025	23,535	72,001	7,433	102,969
	--------	----------	--------	----------
At 31 December 2024	37,627	122,061	7,755	167,443
	--------	----------	--------	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	103,922	115,708
Amounts owed by group undertakings and undertakings in which the company has a participating interest	312,027	114,819
Other debtors	11,961	12,824
	----------	----------
	427,910	243,351
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	55,993	34,029
Social security and other taxes	183,924	143,776
Other creditors	51,156	10,884
	----------	----------
	291,073	188,689
	----------	----------

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	1,899	13,358
	-------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	1,899	13,358
	-------	--------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	21,750	21,750
Later than 1 year and not later than 5 years	36,250	58,000
	--------	--------
	58,000	79,750
	--------	--------

10. Directors' advances, credits and guarantees

A director maintains a loan account with the company. During the year there were advances to the director of £514 (2024 £nil ) and repayments of £nil (2024 £nil). At the reporting date the director owed the company £514 (2024 £nil).

11. Related party transactions

At the reporting date the company was owed £309,307 (2024 £114,819) from Exceeding (Holdings) Limited, the parent company. No interest was charged and no amounts were written off during the year. At the reporting date the company was owed £2,720 (£2024 £nil) from Exceeding Investments Limited, a group company. No interest was charged and no amounts were written off during the year.

12. Controlling party

The parent company is Exceeding (Holdings) Limited, a company incorporated in England and Wales. The registered office for Exceeding (Holdings) Limited is 2-3 Blotts Barn Brooks Road, Raunds, Wellingborough, Northants, England, NN9 6NS. The ultimate controlling party is S P Rowland .