Company Registration No. 12902383 (England and Wales)
Electronic Commerce Network Limited
Unaudited accounts
for the year ended 30 September 2023
Electronic Commerce Network Limited
Unaudited accounts
Contents
Electronic Commerce Network Limited
Company Information
for the year ended 30 September 2023
Company Number
12902383 (England and Wales)
Registered Office
10 Queen Street
Ipswich
Suffolk
IP1 1SS
England
Electronic Commerce Network Limited
Statement of financial position
as at 30 September 2023
Tangible assets
186,540
784,617
Cash at bank and in hand
105,483
9,271
Creditors: amounts falling due within one year
(378,366)
(700,010)
Net current liabilities
(173,733)
(569,983)
Total assets less current liabilities
12,807
214,634
Creditors: amounts falling due after more than one year
(192,658)
(221,323)
Net liabilities
(179,851)
(6,689)
Called up share capital
1
1
Profit and loss account
(179,852)
(6,690)
Shareholders' funds
(179,851)
(6,689)
For the year ending 30 September 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 November 2023 and were signed on its behalf by
Marek Hospody
Director
Company Registration No. 12902383
Electronic Commerce Network Limited
Notes to the Accounts
for the year ended 30 September 2023
Electronic Commerce Network Limited is a private company, limited by shares, registered in England and Wales, registration number 12902383. The registered office is 10 Queen Street, Ipswich, Suffolk, IP1 1SS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
At 30 September 2023
480,771
Charge for the year
48,077
At 30 September 2023
294,231
At 30 September 2023
186,540
At 30 September 2022
784,617
Amounts falling due within one year
Trade debtors
61,461
62,296
Electronic Commerce Network Limited
Notes to the Accounts
for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
17,428
198,677
Trade creditors
11,469
124,892
Taxes and social security
18,437
23,154
Other creditors
233,248
238,237
Loans from directors
37,189
53,375
7
Creditors: amounts falling due after more than one year
2023
2022
Trade creditors
167,810
190,000
Other creditors
24,848
31,323
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).