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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
Page
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Electronic Commerce Network Limited Company Information for the year ended 30 September 2023
Director
Marek Hospody
Company Number
12902383 (England and Wales)
Registered Office
10 Queen Street Ipswich Suffolk IP1 1SS England
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Electronic Commerce Network Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
186,540 
784,617 
Current assets
Inventories
37,689 
58,460 
Debtors
61,461 
62,296 
Cash at bank and in hand
105,483 
9,271 
204,633 
130,027 
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)
Capital and reserves
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
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Electronic Commerce Network Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
10
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
980,771 
Disposals
(500,000)
At 30 September 2023
480,771 
Depreciation
At 1 October 2022
196,154 
Charge for the year
48,077 
On disposals
50,000 
At 30 September 2023
294,231 
Net book value
At 30 September 2023
186,540 
At 30 September 2022
784,617 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
61,461 
62,296 
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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 
£ 
£ 
VAT
26,478 
27,163 
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 
Accruals
34,117 
34,512 
378,366 
700,010 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Trade creditors
167,810 
190,000 
Other creditors
24,848 
31,323 
192,658 
221,323 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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