REGISTERED NUMBER: 04936438 (England and Wales)

Exec Spec Limited

Unaudited Financial Statements

for the Year Ended 30th November 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A K Sharma

A Sharma

REGISTERED OFFICE:

Unit 4

Langham Park

Lows Lane

Stanton By Dale

Ilkeston

DE7 4RJ

REGISTERED NUMBER:

04936438 (England and Wales)

ACCOUNTANTS:

Brooks Mayfield Limited

Chartered Accountants

12 Bridgford Road

West Bridgford

Nottinghamshire

NG2 6AB

FIXED ASSETS

Tangible assets

5

233,953

227,239

Investments

6

6,750

-

240,703

227,239

CURRENT ASSETS

Stocks

17,215

18,250

Debtors

7

46,216

31,038

Cash at bank and in hand

149,808

97,462

213,239

146,750

CREDITORS

Amounts falling due within one year

8

(209,553

)

(183,336

)

NET CURRENT ASSETS/(LIABILITIES)

3,686

(36,586

)

TOTAL ASSETS LESS CURRENT LIABILITIES

244,389

190,653

CREDITORS

Amounts falling due after more than one year

9

(153,414

)

(181,157

)

PROVISIONS FOR LIABILITIES

(6,576

)

(2,633

)

NET ASSETS

84,399

6,863

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

10

84,379

6,843

SHAREHOLDERS' FUNDS

84,399

6,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th August 2026 and were signed on its behalf by:

A K Sharma - Director

A Sharma - Director

1.	STATUTORY INFORMATION

Exec Spec 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 (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and value added tax and is derived from the fitting of specialised vehicle parts and accessories.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Office equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1st December 2024

25,636

264,547

12,976

303,159

Additions

1,100

-

750

1,850

Disposals

-

(16,641

)

-

(16,641

)

Revaluations

-

50,000

-

50,000

At 30th November 2025

26,736

297,906

13,726

338,368

DEPRECIATION

At 1st December 2024

17,940

46,726

11,254

75,920

Charge for year

1,319

30,085

1,251

32,655

Eliminated on disposal

-

(4,160

)

-

(4,160

)

At 30th November 2025

19,259

72,651

12,505

104,415

NET BOOK VALUE

At 30th November 2025

7,477

225,255

1,221

233,953

At 30th November 2024

7,696

217,821

1,722

227,239

Cost or valuation at 30th November 2025 is represented by:

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2025

-

50,000

-

50,000

Cost

26,736

247,906

13,726

288,368

26,736

297,906

13,726

338,368

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

6,750

At 30th November 2025

6,750

NET BOOK VALUE

At 30th November 2025

6,750

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,478

-

Amounts owed by group undertakings

138

-

Other debtors

34,600

31,038

46,216

31,038

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

27,784

28,919

Trade creditors

18,958

63,322

Taxation and social security

27,084

14,853

Other creditors

135,727

76,242

209,553

183,336

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

153,414

181,157

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,870

6,830

10.

RESERVES

Included within the retained earnings is £37,500 (2024 - £nil) of reserves which relate to the revaluation of fixed assets and are therefore undistributable. This is made up of adjustments to fair value of £50,000 less deferred tax on the revaluation of £12,500.