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REGISTERED NUMBER: 04003571 (England and Wales)















Export Case Company Limited

Unaudited Financial Statements for the Year Ended 31 July 2023






Export Case Company Limited (Registered number: 04003571)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Export Case Company Limited

Company Information
for the Year Ended 31 July 2023







Directors: A K Housley
L G Davison





Registered office: Unit G
Trecenydd Business Park
Caerphilly
CF83 2RZ





Registered number: 04003571 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Export Case Company Limited (Registered number: 04003571)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
Fixed assets
Property, plant and equipment 4 87,375 27,134

Current assets
Inventories 37,512 42,209
Debtors 5 116,453 82,634
Cash at bank and in hand 309,877 359,143
463,842 483,986
Creditors
Amounts falling due within one year 6 (121,208 ) (141,770 )
Net current assets 342,634 342,216
Total assets less current liabilities 430,009 369,350

Creditors
Amounts falling due after more than one
year

7

(40,688

)

(39,167

)

Provisions for liabilities 9 (16,218 ) (3,460 )
Net assets 373,103 326,723

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 372,103 325,723
Shareholders' funds 373,103 326,723

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

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

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by:





A K Housley - Director


Export Case Company Limited (Registered number: 04003571)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. Statutory information

Export Case Company 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life.

Improvements to property - 2% straight line
Plant & machinery - 20% straight line
Fixtures & fittings - 15% straight line
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line

Government grants
Government grants are wriiten off over the useful economic life of the asset to which they relate.

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

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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 balance sheet date.


Export Case Company Limited (Registered number: 04003571)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. Accounting policies - continued
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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 9 (2022 - 8 ) .

4. Property, plant and equipment
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 August 2022 9,915 55,242 14,872
Additions - 36,215 6,975
At 31 July 2023 9,915 91,457 21,847
Depreciation
At 1 August 2022 992 40,241 14,102
Charge for year 198 7,449 244
At 31 July 2023 1,190 47,690 14,346
Net book value
At 31 July 2023 8,725 43,767 7,501
At 31 July 2022 8,923 15,001 770

Export Case Company Limited (Registered number: 04003571)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. Property, plant and equipment - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 August 2022 17,879 3,711 101,619
Additions 32,995 - 76,185
At 31 July 2023 50,874 3,711 177,804
Depreciation
At 1 August 2022 16,105 3,045 74,485
Charge for year 7,720 333 15,944
At 31 July 2023 23,825 3,378 90,429
Net book value
At 31 July 2023 27,049 333 87,375
At 31 July 2022 1,774 666 27,134

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 115,290 81,370
Other debtors - 1,081
Prepayments 1,163 183
116,453 82,634

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 48,416 52,138
Tax 29,111 42,347
Social security and other taxes 3,839 5,634
VAT 23,361 27,014
Other creditors 1,586 271
Accruals and deferred income 9,113 9,366
Deferred government grants 782 -
121,208 141,770

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 14,167 19,167
Deferred government grants 6,521 -
40,688 39,167

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,167 19,167

Export Case Company Limited (Registered number: 04003571)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,333 12,976
Between one and five years 111,000 148,000
123,333 160,976

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax - accelerated
capital allowances 16,218 3,460
16,218 3,460

Deferred
tax
£   
Balance at 1 August 2022 3,460
Provided during year 12,758
Balance at 31 July 2023 16,218