Exceed Accountants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10174844 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2019

FOR

EXCEED ACCOUNTANTS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

A F Phillips

G P Visagie

SECRETARY:

Exceed Cosec Services Limited

REGISTERED OFFICE:

Bank House

81 St Judes Road

Englefield Green

TW20 0DF

REGISTERED NUMBER:

10174844 (England and Wales)

ACCOUNTANTS:

Exceed Accountants Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Exceed Accountants Limited for the year ended 30th June 2019 which comprise the Abridged Income

Statement, Statement of Financial Position and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Exceed Accountants Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Exceed Accountants Limited and state those matters that we have agreed to state to the Board of Directors of Exceed Accountants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Exceed Accountants Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Exceed Accountants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Exceed Accountants Limited. You consider that Exceed Accountants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Exceed Accountants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Exceed Accountants Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

31st March 2020

FIXED ASSETS

Intangible assets

4

38,500

38,500

CURRENT ASSETS

Debtors

5

228,918

254,442

Cash at bank and in hand

114,156

112,347

343,074

366,789

CREDITORS

Amounts falling due within one year

6

383,970

388,222

NET CURRENT LIABILITIES

(40,896

)

(21,433

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,396

)

17,067

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

(2,397

)

17,066

SHAREHOLDERS' FUNDS

(2,396

)

17,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2019 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.

All the members have consented to the preparation of an abridged Income Statement for the year ended 30th June 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 31st March 2020 and were signed on its behalf by:

A F Phillips - Director

G P Visagie - Director

1.	STATUTORY INFORMATION

Exceed Accountants 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 represents the value of services provided under contracts to the extent that there is a right to consideration

and is recorded at the value of the consideration due. Where a contract has only been partially completed at the

balance sheet date turnover represents the value of the service provided to date based on a proportion of the total

expected consideration at completion.

Where payments are received from customers in advance of services provided, the amounts are recorded as

Deferred Income and included as part of Creditors due within one year.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st July 2018

38,500

Additions

30,237

Impairments

(30,237

)

At 30th June 2019

38,500

NET BOOK VALUE

At 30th June 2019

38,500

At 30th June 2018

38,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

176,412

175,574

Other debtors

52,506

78,868

228,918

254,442

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

48,469

24,371

Taxation and social security

39,142

36,966

Other creditors

296,359

326,885

383,970

388,222

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1st July 2018

17,066

Deficit for the year

(19,463

)

At 30th June 2019

(2,397

)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company was its directors.