REGISTERED NUMBER: 07903051 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

EXCEL DRIVEWAYS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Boulton

REGISTERED OFFICE:

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

REGISTERED NUMBER:

07903051 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Santander

Bridle Road

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,982

8,965

5,982

8,965

CURRENT ASSETS

Stocks

6

1,000

1,000

Debtors

7

2,500

-

Cash at bank

33,734

34,388

37,234

35,388

CREDITORS

Amounts falling due within one year

8

23,955

28,840

NET CURRENT ASSETS

13,279

6,548

TOTAL ASSETS LESS CURRENT LIABILITIES

19,261

15,513

PROVISIONS FOR LIABILITIES

1,137

2,238

NET ASSETS

18,124

13,275

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

18,004

13,155

SHAREHOLDERS' FUNDS

18,124

13,275

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 30 April 2026 and were signed by:

Mr S Boulton - Director

1.	STATUTORY INFORMATION

Excel Driveways Ltd 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 2013, 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 reducing balance

Motor vehicles

-

25% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

10,000

AMORTISATION

At 1 February 2025

and 31 January 2026

10,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2025

16,192

26,900

43,092

Additions

172

1,500

1,672

Disposals

-

(7,000

)

(7,000

)

At 31 January 2026

16,364

21,400

37,764

DEPRECIATION

At 1 February 2025

11,974

22,153

34,127

Charge for year

878

824

1,702

Eliminated on disposal

-

(4,047

)

(4,047

)

At 31 January 2026

12,852

18,930

31,782

NET BOOK VALUE

At 31 January 2026

3,512

2,470

5,982

At 31 January 2025

4,218

4,747

8,965

6.

STOCKS

2026

2025

£

£

Stocks

1,000

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts recoverable on contract

2,500

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

133

1,419

Tax

13,155

11,780

Social security and other taxes

1,758

1,046

VAT

1,168

565

Directors' current accounts

5,088

11,312

Accrued expenses

2,653

2,718

23,955

28,840

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

£

Mr S Boulton

Balance outstanding at start of year

(11,312

)

(13,739

)

Amounts advanced

44,395

59,346

Amounts repaid

(38,172

)

(56,919

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(5,089

)

(11,312

)

Loans are unsecured and repayable on demand. 10% interest is paid on credit director loan account balances

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2025 - £23,000) were paid to the director .