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REGISTERED NUMBER: 12213878 (England and Wales)











Report of the Directors and

Unaudited Financial Statements

for the Year Ended 30 September 2023

for

EBCam Limited

EBCam Limited (Registered number: 12213878)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 4

Notes to the Financial Statements 6


EBCam Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr J T Bolton
Mr L D Clark
Mrs S Butcher
Mrs K A Bolton





SECRETARY: Mrs K A Bolton





REGISTERED OFFICE: St John's Innovation Centre
Cowley Road
Cambridge
Cambridgeshire
CB4 0WS





REGISTERED NUMBER: 12213878 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

EBCam Limited (Registered number: 12213878)

Report of the Directors
for the Year Ended 30 September 2023

The directors present their report with the financial statements of the company for the year ended 30 September 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of employee benefit consultants and independent financial advisers.

REVIEW OF BUSINESS
We aim to present a balanced report on the development and performance of our business during the year and its position at the year end.

We are pleased with the performance of the company over the year ending 30 September 2023. The steady growth is testament to our ability to nurture existing business relationships and develop new ones, thereby enhancing our operations and client services.

Our success this year owes much to the continued support from our loyal clients and a consistent influx of new opportunities, primarily driven by existing professional connections and client referrals.

The cost-of-living crisis, inflation and pay increases has impacted all employers. It has highlighted the importance and value of employee wellbeing and the need for employers to provide competitive employee benefits. This creates opportunities for our business to grow by delivering broking services to ensure our clients can offer excellent benefits at competitive, market tested, premiums. Additionally, pressure on the NHS and healthcare services has increased the need and demand for employers to offer Private Medical Insurance and healthcare benefits, resulting in further brokering opportunities.

Corporate employee benefit services remains our core business area; however, we are pleased with the continued growth of our private client services, which is an important part of our proposition. This expanding segment complements our comprehensive offerings, enabling us to provide streamlined, high-quality services to employers, employees, directors, and company owners.

Throughout the year the business has been proactive and flexible, including supporting hybrid working for our team. We invest heavily in our team, offering robust training, encouraging professional qualifications, and providing excellent employee benefits and competitive remuneration. This approach to staff and client care remains central to our ongoing success and future growth.

EBCam Ltd is required to manage capital requirements and to ensure it has the financial strength and capital adequacy to support the growth of the business and meet the requirements of the Financial Conduct Authority (FCA). As a regulated company we are required to report regularly to the FCA on our capital and business structure.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2022 to the date of this report.

Mr J T Bolton
Mr L D Clark
Mrs S Butcher

Other changes in directors holding office are as follows:

Mrs K A Bolton - appointed 1 March 2023


EBCam Limited (Registered number: 12213878)

Report of the Directors
for the Year Ended 30 September 2023

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 J T Bolton - Director


5 February 2024

EBCam Limited (Registered number: 12213878)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 125,000 225,000
Tangible assets 5 110,044 128,544
235,044 353,544

CURRENT ASSETS
Debtors 6 115,399 144,370
Cash at bank and in hand 891,082 708,325
1,006,481 852,695
CREDITORS
Amounts falling due within one year 7 286,844 321,784
NET CURRENT ASSETS 719,637 530,911
TOTAL ASSETS LESS CURRENT LIABILITIES 954,681 884,455

CREDITORS
Amounts falling due after more than one
year

8

(24,646

)

(42,456

)

PROVISIONS FOR LIABILITIES 11 (26,223 ) (24,423 )
NET ASSETS 903,812 817,576

CAPITAL AND RESERVES
Called up share capital 12 500,000 500,000
Retained earnings 403,812 317,576
SHAREHOLDERS' FUNDS 903,812 817,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

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

EBCam Limited (Registered number: 12213878)

Balance Sheet - continued
30 September 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 5 February 2024 and were signed on its behalf by:




Mr J T Bolton - Director Mr L D Clark - Director




Mrs S Butcher - Director Mrs K A Bolton - Director


EBCam Limited (Registered number: 12213878)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

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

Income is recognised in the financial accounts when the company receives the right to receive consideration with uninvoiced work at the balance sheet date accrued for.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

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

Fixtures and fittings - 25% straight line
Motor vehicles - 18% straight line
Computer equipment - 25% straight line

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.

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.

EBCam Limited (Registered number: 12213878)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of
financial assets and liabilities such as trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, such as loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are
measured, initially and subsequently, at the undiscounted amount of the cash or other consideration,
expected to be paid or received. However if the arrangements of a short-term instrument constitute a
financing transaction, such as the payment of a trade debt deferred beyond normal business terms or
financed at a rate of interest that is not a market rate, or in case of an outright short-term loan not at market
rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future
payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting
period for objective evidence of impairment. If objective evidence of impairment is found, an impairment
loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between
an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original
effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any
impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference
between an asset's carrying amount and best estimate, which is an approximation of the amount that the
company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.

Impairment
At each reporting date, investments are assessed to determine whether there is an indication that the
carrying amount of an asset may be more than its recoverable amount and that the asset should be
impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the
higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If
the recoverable amount is lower, the carrying amount of the asset is written down to its estimated
recoverable amount and an impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

EBCam Limited (Registered number: 12213878)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 500,000
AMORTISATION
At 1 October 2022 275,000
Charge for year 100,000
At 30 September 2023 375,000
NET BOOK VALUE
At 30 September 2023 125,000
At 30 September 2022 225,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 165,926
Additions 16,973
At 30 September 2023 182,899
DEPRECIATION
At 1 October 2022 37,382
Charge for year 35,473
At 30 September 2023 72,855
NET BOOK VALUE
At 30 September 2023 110,044
At 30 September 2022 128,544

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,680 53,444
Other debtors 79,719 90,926
115,399 144,370

EBCam Limited (Registered number: 12213878)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 18,498 18,498
Trade creditors 7,432 28,689
Taxation and social security 97,877 95,817
Other creditors 163,037 178,780
286,844 321,784

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 24,646 42,456

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 18,498 18,498
Between one and five years 24,646 42,456
43,144 60,954

Non-cancellable operating leases
2023 2022
£    £   
Within one year 21,600 4,630
Between one and five years 70,200 -
91,800 4,630

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase 43,115 60,954

The hire purchase contracts are secured against the assets acquired.

EBCam Limited (Registered number: 12213878)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 26,223 24,423

Deferred
tax
£   
Balance at 1 October 2022 24,423
Movement in the year 1,800
Balance at 30 September 2023 26,223

12. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
500,000 Ordinary £1 500,000 500,000