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Registered number: 05345479
E & C Trading Limited
Financial Statements
For The Year Ended 31 March 2023
Adams & Moore Ltd
Adams & Moore House
Instone Road
Dartford
DA1 2AG
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05345479
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,688 1,053
2,688 1,053
CURRENT ASSETS
Stocks 5 169,160 169,160
Debtors 6 73,220 1,000
Cash at bank and in hand 3,297 14,393
245,677 184,553
Creditors: Amounts Falling Due Within One Year 7 (266,803 ) (206,880 )
NET CURRENT ASSETS (LIABILITIES) (21,126 ) (22,327 )
TOTAL ASSETS LESS CURRENT LIABILITIES (18,438 ) (21,274 )
NET LIABILITIES (18,438 ) (21,274 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (18,538 ) (21,374 )
SHAREHOLDERS' FUNDS (18,438) (21,274)
Page 1
Page 2
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Emine Mustafa
Director
29/01/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
E & C Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05345479 . The registered office is Adams & Moore House, Instone Road, Dartford, DA1 2AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2022 60,000 6,093 66,093
Additions - 2,530 2,530
As at 31 March 2023 60,000 8,623 68,623
...CONTINUED
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Depreciation
As at 1 April 2022 59,623 5,417 65,040
Provided during the period 94 801 895
As at 31 March 2023 59,717 6,218 65,935
Net Book Value
As at 31 March 2023 283 2,405 2,688
As at 1 April 2022 377 676 1,053
5. Stocks
2023 2022
£ £
Finished goods 169,160 169,160
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 66,339 -
Other debtors 4,000 1,000
VAT 2,881 -
73,220 1,000
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 32,009 31,226
Corporation tax (100 ) (100 )
Other taxes and social security 368 414
VAT - 561
Net wages 33,743 -
NEST Pension control 10 79
Other creditors - A&M - 3,830
Accruals and deferred income 2,700 2,700
Directors' loan accounts 198,073 168,170
266,803 206,880
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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