REGISTERED NUMBER: 11570944 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

EXECUTIVE CONNECT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N Shukla

H Shukla

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

11570944 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

36,846

49,128

Tangible assets

5

7,493

8,386

44,339

57,514

CURRENT ASSETS

Debtors

6

1,468,857

1,927,123

Cash at bank

24,900

112,985

1,493,757

2,040,108

CREDITORS

Amounts falling due within one year

7

1,349,961

1,870,102

NET CURRENT ASSETS

143,796

170,006

TOTAL ASSETS LESS CURRENT LIABILITIES

188,135

227,520

CREDITORS

Amounts falling due after more than one year

8

-

(5,834

)

PROVISIONS FOR LIABILITIES

(890

)

(2,096

)

NET ASSETS

187,245

219,590

CAPITAL AND RESERVES

Called up share capital

105

105

Retained earnings

187,140

219,485

187,245

219,590

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

H Shukla - Director

Mrs N Shukla - Director

1.	STATUTORY INFORMATION

Executive Connect 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings - 15% per annum on a reducing balance

Computer equipment - 15% per annum on a reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have a reasonable expectation that the company holds sufficient resources to continue in operational existence for the foreseeable future. Therefore the going concern basis has been adopted in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 175 (2024 - 175 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

122,820

AMORTISATION

At 1 November 2024

73,692

Charge for year

12,282

At 31 October 2025

85,974

NET BOOK VALUE

At 31 October 2025

36,846

At 31 October 2024

49,128

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

10,160

Additions

394

At 31 October 2025

10,554

DEPRECIATION

At 1 November 2024

1,774

Charge for year

1,287

At 31 October 2025

3,061

NET BOOK VALUE

At 31 October 2025

7,493

At 31 October 2024

8,386

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Trade debtors

1,197,185

1,361,723

Other debtors

255,036

549,826

Prepayments and accrued income

16,636

15,574

1,468,857

1,927,123

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Bank loans and overdrafts

5,834

10,001

Trade creditors

96,649

67,000

Tax

72,200

58,997

Social security and other taxes

75,953

73,106

VAT

316,222

232,607

Other creditors

41,822

47,963

Factoring account

599,611

969,979

Directors' current accounts

47

47

Accrued expenses

141,623

410,402

1,349,961

1,870,102

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/25

31/10/24

£

£

Bank loans - 1-2 years

-

5,834

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/10/25

31/10/24

£

£

Factoring account

599,611

969,979

The factoring account is secured by way of a fixed and floating charge dated 31 October 2018 over all the assets of the company.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £69,000 were paid to the directors .

During the period Executive Connect Limited was charged £80,000 (2024: £Nil) in Management fees from Kirivani Limited, a company under common control.

At 31 October 2025 included in other debtors is a balance owing from Kirivani Limited of £224,639 (2024: £464,009). Included in accruals at 31 October 2025 is a balance of £Nil (2024: £253,000).

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.