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REGISTERED NUMBER: 11930029 (England and Wales)










REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2021 TO 30 OCTOBER 2022

FOR

EC LEGAL LIMITED

EC LEGAL LIMITED (REGISTERED NUMBER: 11930029)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 MAY 2021 TO 30 OCTOBER 2022




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Statement of Financial Position 5

Notes to the Financial Statements 6


EC LEGAL LIMITED

COMPANY INFORMATION
For The Period 1 MAY 2021 TO 30 OCTOBER 2022







DIRECTOR: Mr Y Yinhal





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 11930029 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

EC LEGAL LIMITED (REGISTERED NUMBER: 11930029)

REPORT OF THE DIRECTOR
For The Period 1 MAY 2021 TO 30 OCTOBER 2022

The director presents his report with the financial statements of the company for the period 1 May 2021 to 30 October 2022.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of retail sale via mail order houses or via internet.

DIRECTOR
Mr Y Yinhal held office during the whole of the period from 1 May 2021 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr Y Yinhal - Director


25 September 2023

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EC LEGAL LIMITED


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EC Legal Limited for the period ended 30 October 2022 which comprise the 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 director of EC Legal Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of EC Legal Limited and state those matters that we have agreed to state to the director of EC Legal Limited 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 EC Legal Limited and its director for our work or for this report.

It is your duty to ensure that EC Legal 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 EC Legal Limited. You consider that EC Legal Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of EC Legal 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.






AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA


25 September 2023

EC LEGAL LIMITED (REGISTERED NUMBER: 11930029)

INCOME STATEMENT
For The Period 1 MAY 2021 TO 30 OCTOBER 2022

Period
1.5.21
to Year Ended
30.10.22 30.4.21
£    £   

TURNOVER 1,770,330 977,601

Cost of sales 1,530,785 732,132
GROSS PROFIT 239,545 245,469

Administrative expenses 271,636 287,711
(32,091 ) (42,242 )

Other operating income 3,297 6,617
OPERATING LOSS (28,794 ) (35,625 )


Interest payable and similar expenses 1,545 1,077
LOSS BEFORE TAXATION (30,339 ) (36,702 )

Tax on loss (273 ) (1,237 )
LOSS FOR THE FINANCIAL PERIOD (30,066 ) (35,465 )

EC LEGAL LIMITED (REGISTERED NUMBER: 11930029)

STATEMENT OF FINANCIAL POSITION
30 OCTOBER 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Stocks 6,840 15,115
Debtors 4 705,987 58,515
Cash at bank and in hand 16,125 268,813
728,952 342,443
CREDITORS
Amounts falling due within one year 5 761,864 336,208
NET CURRENT (LIABILITIES)/ASSETS (32,912 ) 6,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,912

)

6,235

CREDITORS
Amounts falling due after more than one
year

6

27,669

36,750
NET LIABILITIES (60,581 ) (30,515 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (60,583 ) (30,517 )
(60,581 ) (30,515 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2022 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 25 September 2023 and were signed by:





Mr Y Yinhal - Director


EC LEGAL LIMITED (REGISTERED NUMBER: 11930029)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 MAY 2021 TO 30 OCTOBER 2022

1. STATUTORY INFORMATION

EC Legal 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. 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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the
company will have adequate resources to meet its liabilities to third parties as they fall due.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Inventories
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 period 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 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 period 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.

EC LEGAL LIMITED (REGISTERED NUMBER: 11930029)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 MAY 2021 TO 30 OCTOBER 2022

2. ACCOUNTING POLICIES - continued

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 705,987 58,515

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,834 8,250
Trade creditors 746,851 322,943
Taxation and social security 230 419
Other creditors 4,949 4,596
761,864 336,208

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 27,669 36,750

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 750

7. RELATED PARTY DISCLOSURES

Included in the other debtors are loans amounting to £126,479 (2021: £234,028 due to) that are due from companies connected by virtue of ownership. These loans remain interest free and repayable on demand.

Included in the other creditors are loans amounting to £155,009 (2021: £28,940) due to the director of the company. The loan is interest free and repayable on demand.