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REGISTERED NUMBER: 03866622 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

EASTERN COUNTIES SECURITIES LTD

EASTERN COUNTIES SECURITIES LTD (REGISTERED NUMBER: 03866622)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EASTERN COUNTIES SECURITIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr G M Cockaday
Mr J Cockaday
Mr T M Cockaday





REGISTERED OFFICE: 4 Charleswood Road
Dereham
Norfolk
NR19 1SX





REGISTERED NUMBER: 03866622 (England and Wales)





ACCOUNTANTS: Farnell Clarke (Dereham) Limited
21 Market Place
Dereham
Norfolk
NR19 2AX

EASTERN COUNTIES SECURITIES LTD (REGISTERED NUMBER: 03866622)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,118 8,236

CURRENT ASSETS
Stocks 28,000 12,000
Debtors 5 48,870 53,203
Cash at bank and in hand 100 7,108
76,970 72,311
CREDITORS
Amounts falling due within one year 6 73,786 54,458
NET CURRENT ASSETS 3,184 17,853
TOTAL ASSETS LESS CURRENT LIABILITIES 23,302 26,089

CREDITORS
Amounts falling due after more than one
year

7

39,404

41,205
NET LIABILITIES (16,102 ) (15,116 )

CAPITAL AND RESERVES
Called up share capital 8 180 180
Share premium 59,980 59,980
Revaluation reserve 9 5,000 -
Retained earnings (81,262 ) (75,276 )
SHAREHOLDERS' FUNDS (16,102 ) (15,116 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

EASTERN COUNTIES SECURITIES LTD (REGISTERED NUMBER: 03866622)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 24 October 2023 and were signed on its behalf by:




Mr J Cockaday - Director



Mr G M Cockaday - Director


EASTERN COUNTIES SECURITIES LTD (REGISTERED NUMBER: 03866622)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Eastern Counties Securities 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.

Going Concern
The accompanying financial statements have been prepared under the assumption that the company will continue as a going concern for a period in excess of 12 months from the date of these reports.

Turnover
The turnover shown in the profit and loss account represents the amount of goods and services provided during the year, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Office equipment and furniture - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 3 ) .

EASTERN COUNTIES SECURITIES LTD (REGISTERED NUMBER: 03866622)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Office
Improvements equipment
to and Motor Computer
property furniture vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 6,254 70,546 950 14,807 92,557
Additions 5,119 9,880 - 600 15,599
At 31 March 2023 11,373 80,426 950 15,407 108,156
DEPRECIATION
At 1 April 2022 3,035 67,195 158 13,933 84,321
Charge for year 803 2,017 238 659 3,717
At 31 March 2023 3,838 69,212 396 14,592 88,038
NET BOOK VALUE
At 31 March 2023 7,535 11,214 554 815 20,118
At 31 March 2022 3,219 3,351 792 874 8,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,094 37,645
Other debtors 214 214
Rent deposit 165 4,250
Directors' current accounts 2,677 -
VAT 37 3,856
Accrued income 3,640 -
Prepayments 4,043 7,238
48,870 53,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,661 23,384
Trade creditors 56,638 21,487
Social security and other taxes 1,799 2,083
Other creditors - 2,000
Directors' current accounts - 1,831
Accrued expenses 1,688 3,673
73,786 54,458

EASTERN COUNTIES SECURITIES LTD (REGISTERED NUMBER: 03866622)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 17,181 18,982
39,404 41,205

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 17,181 18,982

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
180 Ordinary shares £1 180 180

9. RESERVES
Revaluation
reserve
£   
Revaluation in year 5,000

At 31 March 2023 5,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr G M Cockaday
Balance outstanding at start of year (1,831 ) (1,557 )
Amounts advanced 5,183 650
Amounts repaid (675 ) (924 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,677 (1,831 )

11. ULTIMATE CONTROLLING PARTY

The share majority is held by two of the directors, T Cockaday & J Cockaday; with no one shareholder having overall control of the company.