IRIS Accounts Production v24.1.9.2 05875904 Board of Directors 1.4.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058759042023-03-31058759042024-06-30058759042023-04-012024-06-30058759042022-03-31058759042022-04-012023-03-31058759042023-03-3105875904ns14:PoundSterling2023-04-012024-06-3005875904ns10:Director12023-04-012024-06-3005875904ns10:PrivateLimitedCompanyLtd2023-04-012024-06-3005875904ns10:SmallEntities2023-04-012024-06-3005875904ns10:AuditExempt-NoAccountantsReport2023-04-012024-06-3005875904ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-06-3005875904ns10:SmallCompaniesRegimeForAccounts2023-04-012024-06-3005875904ns10:FullAccounts2023-04-012024-06-3005875904ns10:OrdinaryShareClass12023-04-012024-06-3005875904ns10:Director22023-04-012024-06-3005875904ns10:CompanySecretary12023-04-012024-06-3005875904ns10:RegisteredOffice2023-04-012024-06-3005875904ns5:CurrentFinancialInstruments2024-06-3005875904ns5:CurrentFinancialInstruments2023-03-3105875904ns5:ShareCapital2024-06-3005875904ns5:ShareCapital2023-03-3105875904ns5:RetainedEarningsAccumulatedLosses2024-06-3005875904ns5:RetainedEarningsAccumulatedLosses2023-03-3105875904ns5:PlantMachinery2023-04-012024-06-3005875904ns5:PlantMachinery2023-03-3105875904ns5:PlantMachinery2024-06-3005875904ns5:PlantMachinery2023-03-3105875904ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3005875904ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105875904ns10:OrdinaryShareClass12024-06-30058759041ns10:Director12023-03-31058759041ns10:Director12022-03-31058759041ns10:Director12023-04-012024-06-30058759041ns10:Director12022-04-012023-03-31058759041ns10:Director12024-06-30058759041ns10:Director12023-03-3105875904ns10:Director222023-03-3105875904ns10:Director222022-03-3105875904ns10:Director222023-04-012024-06-3005875904ns10:Director222022-04-012023-03-3105875904ns10:Director222024-06-3005875904ns10:Director222023-03-31
REGISTERED NUMBER: 05875904















Unaudited Financial Statements

for the Period 1 April 2023 to 30 June 2024

for

EC1 Brands Limited

EC1 Brands Limited (Registered number: 05875904)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


EC1 Brands Limited

Company Information
for the Period 1 April 2023 to 30 June 2024







DIRECTORS: Gary Kevin Morris
Angela Mary Morris





SECRETARY: Angela Mary Morris





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 05875904





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

EC1 Brands Limited (Registered number: 05875904)

Statement of Financial Position
30 June 2024

30.6.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 7,300

CURRENT ASSETS
Debtors 5 121,876 79,957
Cash at bank 438,241 470,599
560,117 550,556
CREDITORS
Amounts falling due within one year 6 102,879 36,400
NET CURRENT ASSETS 457,238 514,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

457,238

521,456

PROVISIONS FOR LIABILITIES - 1,168
NET ASSETS 457,238 520,288

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 457,236 520,286
SHAREHOLDERS' FUNDS 457,238 520,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 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.

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 14 August 2024 and were signed on its behalf by:



Gary Kevin Morris - Director


EC1 Brands Limited (Registered number: 05875904)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 June 2024

1. STATUTORY INFORMATION

EC1 Brands Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

EC1 Brands Limited (Registered number: 05875904)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 27,592
Additions 1,733
Disposals (29,325 )
At 30 June 2024 -
DEPRECIATION
At 1 April 2023 20,292
Charge for period 3,118
Eliminated on disposal (23,410 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 31 March 2023 7,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.3.23
£    £   
Trade debtors 68,953 27,034
Other debtors 52,923 52,923
121,876 79,957

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.3.23
£    £   
Trade creditors 160 (1 )
Taxation and social security 44,513 31,415
Other creditors 58,206 4,986
102,879 36,400

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

EC1 Brands Limited (Registered number: 05875904)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 June 2024 and the year ended 31 March 2023:

30.6.24 31.3.23
£    £   
Gary Kevin Morris
Balance outstanding at start of period 19,971 16,745
Amounts advanced - 3,226
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 19,971 19,971

Angela Mary Morris
Balance outstanding at start of period 19,971 16,745
Amounts advanced - 3,226
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 19,971 19,971

There is a directors loan of £39,941.65 that has been declared under S419 rules. £12,981 in S419 tax has been paid.

Interest was charged on the above loans at 2.5%..