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REGISTERED NUMBER: SC486611 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

ECRL Limited

ECRL Limited (Registered number: SC486611)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ECRL Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Andrew Leitch





SECRETARY: Mrs Jennifer Leitch





REGISTERED OFFICE: 2385 Dumbarton Road
Glasgow
G14 0NT





REGISTERED NUMBER: SC486611 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

ECRL Limited (Registered number: SC486611)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,500 35,000
Tangible assets 5 75,385 49,272
92,885 84,272

CURRENT ASSETS
Stock 5,400 4,950
Debtors 6 60,402 45,728
Cash at bank 128,858 145,157
194,660 195,835
CREDITORS
Amounts falling due within one year 7 128,097 105,349
NET CURRENT ASSETS 66,563 90,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,448

174,758

CREDITORS
Amounts falling due after more than one
year

8

(51,635

)

(68,500

)

PROVISIONS FOR LIABILITIES 10 (11,656 ) (3,400 )
NET ASSETS 96,157 102,858

ECRL Limited (Registered number: SC486611)

Balance Sheet - continued
30 November 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 96,057 102,758
SHAREHOLDERS' FUNDS 96,157 102,858

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Andrew Leitch - Director


ECRL Limited (Registered number: SC486611)

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

1. STATUTORY INFORMATION

ECRL Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on cost
Fittings and equipment - 20% on reducing balance

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

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ECRL Limited (Registered number: SC486611)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 175,000
AMORTISATION
At 1 December 2022 140,000
Amortisation for year 17,500
At 30 November 2023 157,500
NET BOOK VALUE
At 30 November 2023 17,500
At 30 November 2022 35,000

ECRL Limited (Registered number: SC486611)

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

5. TANGIBLE FIXED ASSETS
Fittings
Long and Motor Computer
leasehold equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 52,287 86,339 - 3,393 142,019
Additions - 1,719 36,400 3,783 41,902
At 30 November 2023 52,287 88,058 36,400 7,176 183,921
DEPRECIATION
At 1 December 2022 20,911 70,545 - 1,291 92,747
Charge for year 2,614 3,503 7,280 2,392 15,789
At 30 November 2023 23,525 74,048 7,280 3,683 108,536
NET BOOK VALUE
At 30 November 2023 28,762 14,010 29,120 3,493 75,385
At 30 November 2022 31,376 15,794 - 2,102 49,272

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,554 44,104
Other debtors 1,848 1,624
60,402 45,728

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,277 18,758
Trade creditors 29,879 15,299
Taxation and social security 16,607 28,931
Other creditors 61,334 42,361
128,097 105,349

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 51,635 68,500

ECRL Limited (Registered number: SC486611)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 11,055

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 71,912 87,258

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 11,656 3,400

Deferred
tax
£   
Balance at 1 December 2022 3,400
Provided during year 8,256
Balance at 30 November 2023 11,656

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs Andrew Leitch.