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REGISTERED NUMBER: 00851376 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

E.C. Cole Limited

E.C. Cole Limited (Registered number: 00851376)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


E.C. Cole Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr P D Jetten





SECRETARY: Mr P D Jetten





REGISTERED OFFICE: 55 Spring Vale
Waterlooville
Hampshire
PO8 9DB





REGISTERED NUMBER: 00851376 (England and Wales)





ACCOUNTANTS: Andrew Spencer Associates Limited
Chartered Certified Accountants
328 Chatsworth Avenue
Cosham
Portsmouth
Hampshire
PO6 2UP

E.C. Cole Limited (Registered number: 00851376)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,070 17,316

CURRENT ASSETS
Stocks 2,810 3,500
Debtors 5 61,736 104,053
Cash at bank and in hand 4,996 7,042
69,542 114,595
CREDITORS
Amounts falling due within one year 6 (28,470 ) (38,512 )
NET CURRENT ASSETS 41,072 76,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,142

93,399

CREDITORS
Amounts falling due after more than one
year

7

(15,540

)

(18,667

)

PROVISIONS FOR LIABILITIES (2,484 ) -
NET ASSETS 36,118 74,732

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,018 74,632
SHAREHOLDERS' FUNDS 36,118 74,732

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 28 August 2024 and were signed by:





Mr P D Jetten - Director


E.C. Cole Limited (Registered number: 00851376)

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

1. STATUTORY INFORMATION

E.C. Cole Limited is a private company, limited by shares , registered in England and Wales. 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.

The financial statements relate to E C Cole Limited as an individual entity.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. Invoices are raised once the work is complete or effectively complete.

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 - 25% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

E.C. Cole Limited (Registered number: 00851376)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 68,185
Additions 56
At 30 November 2023 68,241
DEPRECIATION
At 1 December 2022 50,869
Charge for year 4,302
At 30 November 2023 55,171
NET BOOK VALUE
At 30 November 2023 13,070
At 30 November 2022 17,316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 9,443 13,467
Other debtors 52,293 90,586
61,736 104,053

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 6,228 17,002
Amounts owed to participating interests 3,500 -
Taxation and social security 8,064 11,178
Other creditors 3,678 3,332
28,470 38,512

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,540 18,667

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mr P D Jetten
Balance outstanding at start of year 87,491 114,803
Amounts repaid (50,198 ) (27,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,293 87,491