Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Gavin Bocquet 29/05/2007 Sally Jane Bocquet 29/05/2007 18 August 2024 The principal activity of the company in the year was that of production design services. 06260434 2024-03-31 06260434 bus:Director1 2024-03-31 06260434 bus:Director2 2024-03-31 06260434 2023-03-31 06260434 core:CurrentFinancialInstruments 2024-03-31 06260434 core:CurrentFinancialInstruments 2023-03-31 06260434 core:Non-currentFinancialInstruments 2024-03-31 06260434 core:Non-currentFinancialInstruments 2023-03-31 06260434 core:ShareCapital 2024-03-31 06260434 core:ShareCapital 2023-03-31 06260434 core:RetainedEarningsAccumulatedLosses 2024-03-31 06260434 core:RetainedEarningsAccumulatedLosses 2023-03-31 06260434 core:OtherPropertyPlantEquipment 2023-03-31 06260434 core:OtherPropertyPlantEquipment 2024-03-31 06260434 bus:OrdinaryShareClass1 2024-03-31 06260434 2023-04-01 2024-03-31 06260434 bus:FilletedAccounts 2023-04-01 2024-03-31 06260434 bus:SmallEntities 2023-04-01 2024-03-31 06260434 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06260434 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06260434 bus:Director1 2023-04-01 2024-03-31 06260434 bus:Director2 2023-04-01 2024-03-31 06260434 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-04-01 2024-03-31 06260434 2022-04-01 2023-03-31 06260434 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 06260434 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 06260434 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06260434 (England and Wales)

ECB DESIGN LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ECB DESIGN LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ECB DESIGN LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
ECB DESIGN LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,719 4,084
2,719 4,084
Current assets
Debtors 4 45,183 85,259
Cash at bank and in hand 5,778 1,176
50,961 86,435
Creditors: amounts falling due within one year 5 ( 19,333) ( 47,622)
Net current assets 31,628 38,813
Total assets less current liabilities 34,347 42,897
Creditors: amounts falling due after more than one year 6 ( 12,231) ( 22,435)
Provision for liabilities ( 518) ( 776)
Net assets 21,598 19,686
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 21,498 19,586
Total shareholders' funds 21,598 19,686

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of ECB Design Ltd (registered number: 06260434) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Gavin Bocquet
Director

18 August 2024

ECB DESIGN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ECB DESIGN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ECB Design Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 34,575 34,575
At 31 March 2024 34,575 34,575
Accumulated depreciation
At 01 April 2023 30,491 30,491
Charge for the financial year 1,365 1,365
At 31 March 2024 31,856 31,856
Net book value
At 31 March 2024 2,719 2,719
At 31 March 2023 4,084 4,084

4. Debtors

2024 2023
£ £
Other debtors 45,183 85,259

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,204 9,952
Taxation and social security 4,531 34,453
Other creditors 4,598 3,217
19,333 47,622

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 12,231 22,435

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Other related party transactions

Included within other debtors is a balance of £11,428 (2023: £63,744) owed by the directors to the company. Interest is chargeable on the loan at the official rate until the date of repayment.